SOPA sees India 2017-18 soybean area down 6.4% at 10.3 million ha.
Ram Gopal Yadav (8 years ago)

Soybean area in the country is likely to fall 6.4% on year to 10.3 million ha as farmers shifted to other crops lured by better realisations, citing results of their first crop survey of the 2017-18 (Jul-Jun) sowing season. Overall area in Madhya Pradesh (largest soybean grower) has decreased by 11% and the shift is to other crops like urad, moong, and maize. About 13.5% of the standing soybean crop in the country is in very poor condition, 57% is in fair condition, 17.4% of the crop is in good condition and the rest of the 12% is in very good condition. Some crop in Khandwa, Khargone and Barwani districts of Madhya Pradesh have suffered moisture stress because of lack of rains in the last 20-25 days and as a result yields may suffer. In line with Madhya Pradesh, area under soybean has also declined in Rajasthan. Soybean acreage this year in the state is seen at 920,000 ha, down from 980,000 ha a year ago.

Govt turns down Tamil Nadu sugar mills transport cost subsidy request.
Ram Gopal Yadav (8 years ago)

The government has turned down the request of millers in Tamil Nadu for financial assistance in the form of reimbursement of transportation costs to help them secure raw sugar from other states. Sugar mills in Tamil Nadu are keen on sourcing raw sugar from Uttar Pradesh and Maharashtra, which are expected to produce a surplus in 2017-18 (Oct-Sep), to improve availability of the sweetener in the state. The move would also aid capacity utilization of mills in the state, and reduce their losses. The mills had also urged the government to help cut their loss by restructuring their bank loans.

Sugar prices down in Mumbai, rise in Delhi.
Ram Gopal Yadav (8 years ago)

Prices of sugar fell in the key wholesale markets of Mumbai due to sluggish demand from bulk buyers. In Delhi, however, prices of sugar rose as demand improved amid low supplies. Traders expect demand to increase ahead of the upcoming festival season and are not lowering prices.

Food Secretary says no plans to allow duty-free sugar imports as of now.
Ram Gopal Yadav (8 years ago)

The government has no plans to allow duty-free import of sugar as of now, Food Secretary Preeti Sudan said. Sugar production in the country fell to a seven-year low of 20.4 million tonne in 2016-17 (Oct-Sep). In April, the government had allowed duty-free import of 500,000 tonne of raw sugar until Jun 30 to shore up domestic supplies and keep prices in check. Earlier this month, Food Minister Ram Vilas Paswan had said that domestic sugar supply remains comfortable.

Rajkot Oilseed Complex.
Ram Gopal Yadav (8 years ago)

Edible oil prices were steady to firm in the early trades. Groundnut oil prices were steady due to restricted buying and selling. Cottonseed oil firmed up due to retail demand. Palm olien improved due to thin supply.

Government caps import of urad, moong at 300,000 tonne per year
Ram Gopal Yadav (8 years ago)

Government has capped the import of urad and moong at 300,000 tonne per year, decision comes after traders urged the government to impose restrictions on import of the grains to ensure better prices for the domestic crop. Sowing of moong, however, has slowed down due to poor rains in the major growing states of Karnataka and Maharashtra. On Aug 5, the government had notified an import limit of 200,000 tonne per year for tur. It had also imposed an import duty of 10% on tur in March, which raised hopes of similar duties on import of urad and moong.

Moong, urad may soar 6-8% Wed on govt import curbs
Ram Gopal Yadav (8 years ago)

Prices of urad and moong are likely to soar 6-8% in key markets after the government decided to cap the import of the commodities at 300,000 tonne a year. The government’s decision to cap import on pulses was taken after traders sought restrictions on import to ensure better prices for the domestic crop.