Malaysia palm oil future prices extended the losses yesterday
Palm prices will remain in caution mode ahead of major data releases
CBOT soybean prices remained in mixed to lower side
CBOT soy oil prices recovered the last two sessions of losses
India, Soybean prices in the domestic market remain weak in spot
According to the SEA of India, India’s oil meal exports rose 9 per cent
Rapeseed meal exports doubled to 6,01,105 tonnes in the reported six months from 3,00,627
China is close to lifting the six-year-old ban on imports of mustard meal from India.
Prices of mustard seed fell in Jaipur due to sluggish demand from domestic oil millers and crushers.
The October contract of mustard seed on NCDEX hit a two-week low of 4,112 rupees per 100 kg
Russian growers held 2120 KMT of oilseeds as of March 1, 2018 that is 77 KMT (3.5%) less than at the same time last year (2197 KMT). The oilseed stocks decreased by 453 KMT in February. Grower stocks of sunseed totaled 1215 KMT, i.e. 189 KMT (13.5%) less that at the same time last year (1404 KMT). The sunseed stocks decreased by 275 KMT in February.
Experts say 5% GST on oilseeds may spur soymeal import, hit farmers.
Kharif 2017-18 oilseed sowing up 43% at 79,400 ha till now.