Concern over dry and hot weather in US amid high demand from China and other nations has raised the soybean futures in Chicago Board of Trade (CBOT) on Tuesday.
On the back of strong export demand amid restricted to selling by the farmers, the soybean futures in Chicago Board of Trade (CBOT) surged on Thursday.
India's ground nut production for 2012-13 is expected to be higher on the back of increased production in Gujarat at around 459,000 tons, pulling the price of the commodity in the domestic lower, according to Indian Oilseed and Produce Export Promotion Council (IOPEPC).
Even though higher mentha oil production estimated for 2012-13 in India, the commodity in Multi Commodity Exchange (MCX) rose on Wednesday due to lower arrivals in the physical market amid strong export and industrial demand.
