Romanian rapeseed exports to hit a high in MY 2017/18

Romania exported 1.2 MMT of rapeseed in July-February 2017/18 through ports that is 12.7% more than the total shipped abroad last record season. The upward trend is observed despite this season’s keen competition from Ukraine. The top importer – Belgium – purchased 470 KMT of rapeseed in July-February 2017/18 against 525.7 KMT at the same time last season, importing this commodity from Ukraine at a record pace.

NCDEX mustard seed hits 3-mo low tailing spot mkt

The most active April contract of mustard seed on the NCDEX hit a three-month low of 3,897 rupees per 100 kg, tailing losses in the benchmark market of Jaipur in Rajasthan. Prices of mustard seed were down in Jaipur due to a rise in arrivals amid weak demand from stockists.

USDA arm pegs India 2017-18 mustard crop at 6.4 mln tn

Mustard output to fall 9% on year to 6.4 mln tn in 2017-18 (Oct-Sep) because of lower acreage. Acreage was hit due to low soil moisture in Rajasthan, the top grower, and shift to other crops for better realisation. However, the USDA arm expects India’s mustard meal exports to double to 500,000 tn in 2017-18. Imports of mustard oil are seen rising to 500,000 tn from 325,000 tn a year ago. Mustard accounts for 25% of the country’s total oilseed production and comprises about 80% of rabi oilseed basket. The US agency estimated India’s 2017-18 soybean production at 9.0 mln tn, down 0.5 mln tn from the preceding year due to lower-than-expected yields. The Foreign Agriculture Services expects kharif oilmeal exports to rise to 810,717 tn in 2017-18, from 600,499 tn a year ago. The agency has projected India’s 2017-18 edible oil imports at an all-time high of 16.6 mln tn

Mustard seed down in Jaipur on weak demand for meal

Prices of mustard seed fell in Jaipur due to subdued demand for mustard meal and oil from domestic stockists. A surge in arrivals also put pressure on prices of mustard seed. In Rajasthan, arrivals of the oilseed were estimated at 275,000 bags.

Fall in arrival lifts mustard seed prices in Jaipur

Prices of mustard seed rose in Jaipur due to a fall in arrivals coupled with improved demand from domestic stockists and oil millers. Supply of the commodity fell as farmers withheld their produce on expectations of a further rise in prices in the coming days.

Govt allows bulk export of all edible oils, barring mustard

Mustard oil exports to continue in packs only up to 5 kg. Minimum export price of $900/tn for mustard oil to continue. The Union Cabinet allowed export of all edible oils in bulk, barring mustard oil. Earlier, edible oil exports were allowed only under branded consumer packs of up to 5 kg. Removal of export restrictions is aimed at opening new marketing avenues for Indian edible oils, which in turn would benefit oilseed farmers in the country by way of better realisations. The move would also help in utilisation of idle refining capacity in domestic edible oil industry. Export of mustard oil, however, would continue only in consumer packs of up to 5 kgs with a minimum export price of $900 per tn.

Indore Rising arrivals drag mustard

Mustard seeds declined further to 3,950 a quintal (down 300 from last week) with further rise in arrival of new crop across the country. Plant deliveries of mustard seeds for Jaipur line were also lower at ?4,020-25 a quintal.

Mustard seed down in Jaipur on weak demand for oil

Prices of mustard seed were down in Jaipur, Rajasthan owing to lacklustre demand for mustard oil from domestic and overseas buyers. A rise in arrivals coupled with tepid demand from domestic oil millers and crushers also weighed on prices of mustard seed. There is bearishness in the market as supplies are likely to rise in the coming days.

Ukraine rapeseed exports in JanFeb grew 30%

Ukraine in January-February 2018 exported 84.23 thou. tons of rapeseed, which is 29.89% more than over the same period last year. For the year 2017 Ukraine traded abroad 2.14 million tons of rapeseed for the amount of USD 881.67 million. The major importers were the Netherlands, Belgium and Germany.

CANADA MUSTARD SEED MONTHLY OUTLOOK:

Mustard Seed For 2017-18, exports are forecast to be slightly lower at 120 Kt and carry-out stocks are forecast to fall. The US and the EU are the main export markets to date for Canadian mustard seed. The average price is forecast to rise sharply from the previous year due to the lower supply and expectations for lower Canadian carry-out stocks. For 2018-19, the area seeded is forecast to be like the previous year due to expectations of similar returns based on new crop contracts. Production is forecast to rise to 145 Kt with marginally lower area but higher yields when compared to the previous year. However, supply is expected to fall by 10% due to lower carry-in stocks. Exports are expected to be higher and, as a result, carry-out stocks are forecast to tighten. The average price is forecast to be slightly higher than 2017-18.

Jaipur mustard seed up on demand from millers.

Prices of mustard seed were up in the benchmark market of Jaipur due to renewed demand from domestic oil millers and crushers, after price hit a two-month low. Higher arrivals were insufficient to meet the rising demand, thereby supporting prices of mustard seed

Jaipur mustard seed up on bargain buys post 2-mo low

Prices of mustard seed were up in the benchmark Jaipur market due to bargain buying after price hit a two-month low. A fall in the arrivals of oilseed coupled with renewed demand from oil millers and crushers supported mustard seed prices.