Latest Blogs

(4 months ago)

Limited gains to soymeal exporters despite depreciation of Rupee

The Rupee which has depreciated 3% since the beginning of the year has not benefited soymeal traders as domestic prices continue to remain out-priced in the global market. Indian rupee is currently at 71.98 today. Indian […]

(4 months ago)

Nizamabad maize prices continue to trade near record high on low supply

Maize prices continue to trade near record levels of 2,600 rupees per 100 kg in Nizamabad over the last few weeks despite higher kharif sowing acreage. Lower arrivals, demand from poultry feed and starch manufacturers and […]

(4 months ago)

Chana seen down on subdued demand

Chana, the key driver of other pulses continued to trade in a tight range of 4,150-4,350 rupees per 100 kg over the last few weeks due to absence of clear cues. Subdued demand from dal millers […]

(6 months ago)

Palm oil prices turning to Positive side

Malaysian palm oil futures climbed more than 1% on Tuesday, recovering from two previous sessions of sharp declines, along with this MPOB data declared Ma Palm oil stocks id down by 10.34% but production is slightly […]

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IMD’s 2nd stage long range forecast for southwest monsoon 2019

Rainfall over the country as a whole for the 2019 southwest monsoon season (June to September) is most likely to be NORMAL (96% to 104% of long period average (LPA)). Quantitatively, monsoon season rainfall for the […]

(7 months ago)
Positive Indian Ocean Dipole likelihood increases

The Pacific Ocean and overlying atmosphere remain close to El Niño thresholds, so the ENSO Outlook remains at El Niño WATCH. Models indicate the tropical Pacific Ocean will ease away from El Niño levels, becoming neutral during winter. The Indian Ocean […]

(7 months ago)
USDA WASDE: May 2019 Soybean Update

The 2019/20 outlook for U.S. soybeans is for higher supplies, crush, exports and slightly lower ending stocks compared to 2018/19. The soybean crop is projected at 4,150 million bushels, down 394 million from last year’s record […]

(7 months ago)
US soybean Supply weighty since the United States entered a trade war with China- More Supply than Demand

U.S. soybean supplies have been particularly weighty since the United States entered a trade war with top buyer China last year, and a record-large crop only added to the glut. U.S. corn stocks have also been […]

(7 months ago)
Its too early to predict about India’s next season soybean crop

The government expecting India’s soybean output for the next season will be at 13.7 MMT, higher by 25% from previous year’s level, according to the farm ministry’s second advance estimates. However, according to IMD prediction over […]

(8 months ago)
Wheat procurement picks up in this week; although slower than Normal in UP, MP and Rajasthan

Following up on our past week’s article on slow wheat procurement in India, we are noticing a sharp rise in wheat procurement in some states. Punjab has procured 7.55m tonnes of wheat till end April, as […]

(8 months ago)
Palm oil bearish fundamentals are more dominating then market opportunity

Malaysian palm oil futures prices continuously in a falling streak, fell more than 2% to their lowest in nearly a month, mostly weighed down by weaker related edible oils. Also, the expectation of higher than expected […]

(8 months ago)
Slow wheat procurement gains attention, raises eyebrows about domestic availability

Relatively cool temperatures in March month and untimely April rains have delayed the wheat harvest in parts of North India. Rains and storms in Haryana Punjab, Northern Rajasthan and Western UP slowed down the harvest, resulted […]

(8 months ago)
Weekly roundup of Agri Commodities

Grains Maize:    Prices of maize continued to remain range-bound in the past week; domestic arrivals in past week increased slightly week-over-week; however supply shortage and high demand from South Indian bulk buyers is keeping the prices up. Rice: Basmati rice prices […]

(8 months ago)
Weekly roundup of Agri Commodities

Grains  Maize:   Prices of maize maintained their price levels in the past week because of supply shortage and high demand from South Indian bulk buyers. Rice:  Export price of Indian origin rice dipped slightly from the past week, mainly due to […]

(8 months ago)
IMD’s forecast of Normal monsoon is good news, in short term at least

India Met Department’s first forecast of the season indicated Normal monsoon in 2019 with well-distributed monsoon rainfall during June-September period; emphasizing on the very little impact that El Nino might have on monsoon. We are noticing […]

(8 months ago)
April 2019 MPOB data limit the recent gains in palm oil prices

Malaysian palm oil futures extended the loss due to lesser than forecasted fall in stocks and lesser than anticipated export pace in the month of March. MPOB data pegged March end-stocks and output higher than forecast. […]

(8 months ago)
Increasing concern of El-Nino this year may cause lower rainfall to India

News & forecast for the Indian Monsoon this year The model projections call for 80 per cent chance of El Nino during March-May, dropping to 60 per cent for June to August. This means, it is […]

(8 months ago)
Weekly Agri-Commodities Highlights

Maize:   Slight rise in maize arrivals in local markets and subdued demand from feed and bulk buyers resulted in lower prices compared to last week. In the past couple of days, high maize prices have resulted […]

(8 months ago)
Soybean prices on NCDEX are seen rising in April owing to firm oilmeal demand.

Soybean prices on National Commodity and Derivatives Exchange are seen rising in April owing to firm oilmeal demand from poultry feed sector and exporters. April soybean contract on the NCDEX was at 3,769 rupees per 100 […]

(8 months ago)
Last Week’s Agri-Commodities Highlights

Grains Maize:   Prices of maize across key spot market rose marginally due to a decline in arrivals. Maize trade in local market was thin in last week on slow activity as trading holiday on Thursday on […]

(9 months ago)
MPOB palm report with bearish outlook on lean production season

Malaysia palm oil future prices closed again with the lower side in last week while in today was MPOB of data, day and as expected its there in the market with bearish outlook as inventory level […]

(9 months ago)
Last Week Snapshot Of Agri Commodities 11 Mar 2019

Grains Wheat: As at the end of February,  Govt had sold a record 7.7 mln tn wheat under the open market scheme. Bulk purchases of wheat picked up this year, partly because consumers started sourcing the food […]

(9 months ago)
Rapeseed Crop influenced by Soybean this year and crop expected to be 20% higher from the last year

As per Govt Acreage and SEA of India’s latest crop survey, Govt is projecting total crop this year will set at around 8.5 MMT. The mustard final acreage can be in between 6700 to 6800 thousand […]

(10 months ago)
India oilmeal export prospects increasing while Veg oils port stocks declining

Total oilmeal export increased by 5.5% from the previous month and soybean export increased by 23%. However, Rapeseed meal export declined in Jan’19 but for the year (Apr-Jan) increased by 85%. this year crop also expected to […]

(10 months ago)
Indian malt companies will import around 70,000 ton of barley from Argentina

Indian malt companies to import 70,000-ton barley in Feb. Indian malt companies will import around 70,000 ton of barley in February from Argentina, of which 50,000 ton will be bought by United Breweries Ltd and the […]

(11 months ago)
All state of Brazil expecting lower soybean yields

Dry weather in Brazil is a continue crop concern of the market. However, some improvement witnessed over the weekend. weather in central Brazil was finally the type of weather you generally expect for this time of the year. […]

(11 months ago)
Iran appeared as the third top destination for Indian oilmeals as the country to sell crude oil to India in exchange for rupees

We can see the positive support in Indian soy-seed & meal prices. Iran appeared as the third top destination for Indian oilmeals, after South Korea at 571K tonnes and Vietnam at 422K tonnes. Overall soymeal exports raised […]

(11 months ago)
Adverse Weather in Brazil Impacting Corn Production

This season corn crop in southern Brazil has also been impacted by the dry weather, but to a lesser degree compared to the soybeans. A lot of the soybeans were at the same critical phase in […]

(11 months ago)
Import prospects improves of palm oil as world’s biggest edible oil buyer reduced the Import duty on 31st Dec 2018

Indian Govt. has reduced the  Import duty on crude palm oil to 40 per cent from 44 per cent from Southeast Asian (Asean) countries after a request from suppliers, while on refined palm oil is import duty […]

(11 months ago)
India veg oils port stocks reached to 2 years low

India, NCDEX future Soy oil prices increased to 1% in last trading session and in physical market soy oil prices at Indore market continued in the higher side from 8 continues days at Rs. 752 Levels. […]

(11 months ago)
Weak production & Flat export trend supporting the palm oil prices

Malaysia palm oil future prices increased more than 1%, on weak fundamentals projections slo wing output in Malaysia and easing stock levels in Indonesia supported the prices. This month MPOB data, Malaysian palm oil production has […]

(12 months ago)
Weather in Argentina remains Unpredictable

The weather in Argentina continues to be uncertain going from one extreme to another. After very heavy rains earlier in November, the weather has been on the dry side for the last 2-3 weeks. They also […]

(12 months ago)
USDA – This week again US soybeans net export sales down 11.07%

Exports for the most recent week were 1.147 million mt, 8.41% lower than the previous week. Total accumulated physical exports for the 2018-2019 marketing year rose to 14.314 million mt, 40.75% lower than the year-ago period, […]

(12 months ago)
Govt procured pulses, oilseeds worth Rs 441.42 bn from farmers in last 4 years

The government has procured pulses and oilseeds worth Rs 441.42 billion at minimum support prices from farmers in the four years to 2018-19, the Agriculture Ministry said Tuesday. It had undertaken various interventions to boost the production […]

(1 year ago)
Soybean Planting-Brazil Soybean planting advanced & in beneficial stage But, Argentina again struggling for normal bean crop planting till last week

Soybean crop update, In the U.S. last week the last U.S. Department of Agriculture (USDA) weekly crop progress report of the year. The U.S. soybean harvest was pegged at 94 per cent complete, which is slightly […]

(1 year ago)
Edible, non-edible oils end flat in thin trade in last week

There was not much activity at the wholesale oils and oilseeds market in last week in the national capital as prices by and large moved in a narrow range in limited deals and pegged at last […]

(1 year ago)
A sharp fall was averted as the Indonesian government has temporarily lift an export levy on palm oil products

Malaysia palm oil future prices reverse with the losses, BMD CPO third month contract price fell by 3.5% and reached at 1,972 MYR/ton level on yesterday. Along with weak fundamental, Brent Crude Oil prices which declined […]

(1 year ago)
India’s soymeal conundrum

Stepped-up demand from the poultry industry has led to higher soymeal consumption in India, a trend that is expected to continue over the next several years, according to a new report from Rabobank entitled, “Outlook of […]

(1 year ago)
Why soyabean is key to Madhya Pradesh

The crop has often helped shape poll outcomes in Malwa, which accounts for more than half the state’s production. Once thriving, soybean has suffered falling prices in the last few years. “Malwa is India’s US Midwest […]

(1 year ago)
Government procures 16.51 million tons of rice so far; expected to exceed target.

The government has procured 16.51 million tonnes of rice so far in the current 2018-19 marketing year and the total quantity is likely to surpass the target. The rice procurement target set for this year was […]

(1 year ago)
CBOT Soybean price recovered last week on trade negotiations between the U.S. and China

CBOT Soybean price recovered last week on trade negotiations between the U.S. and China, which are expected to resume later this month. Soy oil prices were weaker and meal contracts were stronger in Friday close. The […]

(1 year ago)
Expectation of improving meal exports to drive mustard prices

The mustard futures are expected to get a boost from the news that China allowed meal imports from India. However, strict quality parameters, export guidelines and registration formalities have dampened exports in the near term. Moreover, […]

(1 year ago)
China’s NBS adds 20MMT to productions: USDA.

 The China’s National Bureau of Statistics (NBS) revision adds a cumulative 20 million tons to production for the 2007/08-2017/18 period. Most of the increase is added to stocks, with only a small addition to feed and […]

(1 year ago)
Oil meals export decline in October

Solvent Association estimate Oct all oilmeals export only Half vs Sep 172K MT at 84143 Ton/Mustard Meal export crashes to 25234 Ton vs Sep 89975 Ton-GN Meal No export. The export of oil meals during October […]

(1 year ago)
China has dropped a years-long ban on rapeseed meal imports from India

China has dropped a years-long ban on rapeseed meal imports from India as the government seeks to diversify sources of protein used in animal feed, the customs administration said on Monday.  Rapeseed meal shipments from India […]

(1 year ago)
India maize market steady

Price of maize in Davangere, Karnataka, were steady at 1,100-1,400 rupees per 100 kg, depending on the quality. Earlier this month, arrivals of the new kharif maize crop had started in the state, with the moisture […]

(1 year ago)
Recent rain in Australia respite the wheat crop.

Recent showers and a variable temperature pattern will favor reproductive to filling winter wheat in western and southeast Australia. Drought has impacted winter wheat prospects in northern New South Wales and southern Queensland during this season. […]

(1 year ago)
State govt declares 206 blocks in 23 districts drought-hit

Bihar government declared 206 blocks in 23 districts as drought-hit. The drought hit districts are Patna, Bhojpur, Buxar, Gaya, Nawada, Aurangabad, Saran, Siwan, Gopalganj, Vaishali, Muzaffarpur, Darbhanga, Madhubani, Samastipur, Sheikhpura, Jamui, Banka, Bhagalpur, Nalanda, Saharsa, Munger, […]

(1 year ago)
Monsoon 2018

Indian monsoon has been in the mixed bag this year. Total rainfall was 9% below average – worse than the weather office forecast. Monsoon was deficient in every month of the season compared to normal rainfall. […]

(1 year ago)