Root intensification fetches Madhya Pradesh mustard farmers more yield.
Ram Gopal Yadav (8 years ago)

Farmers in Madhya Pradesh have adopted a new set of practices for mustard cultivation that can increase the yield of the oilseed over threefold. The state had adopted root intensification technique for mustard in ten districts on a pilot basis in the last rabi season, and average yields rose to 3.5 tonne a ha from around 1.0 tonne per ha that farmers usually got from traditional farming methods. The practice has been taken up formally only in Madhya Pradesh so far, but farmers in Rajasthan, Bihar and Odisha, too, are gradually switching to the system of root intensification in mustard. The method is labor-intensive, but the overall cost of mustard production using system of root intensification is lower, as it requires lesser quantity of seeds and chemical fertilizers. Higher yield in mustard, and consequently higher output of mustard oil, could help lower India’s edible oil imports.

USDA arm sees India 2017-18 soybean output down 13% on year.
Ram Gopal Yadav (8 years ago)

The US Department of Agriculture has cut its estimate for India’s output of soybean in 2017-18 to 10 million tonne, down 13% from its earlier projection of 11.5 million tonne in July. The USDA arm has revised total oilseed production in the country down to 35.9 million tonne, 7% below the 38.6 million tonne projected earlier. The USDA branch sees imports of edible oil in the country rising by 10% on year to 16.6 million tonne. The import basket is expected to include 10 million tonne of palm oil, 4.2 million tonne of soybean oil, 2 million tonne of sunflower seed oil and remaining other oils.

Jaipur mustard seed at 3-week high as demand rises.
Ram Gopal Yadav (8 years ago)

Prices of mustard seed in Jaipur hit a three-week high up 25 rupees from previous close, due to strong demand from oil millers and crushers. The rise in arrivals is insufficient to meet the increase in demand, thereby lifting prices. Demand for mustard meal from overseas buyers is also supporting prices of the oilseed in the domestic market.

NCDEX soybean up as overall acreage down so far.
Ram Gopal Yadav (8 years ago)

Futures contracts of soybean rose on NCDEX as acreage under the oilseed fell across the country as of Thursday. Farmers have planted nearly 10.52 million ha of soybean till last week, as against 11.33 million ha sown during the same period a year ago. Prices rose also because of improved demand from oil miller due to positive crush margins. Demand for soyoil, a derivative of soybean, is rising in domestic markets due to higher consumption of the edible oil in the ongoing festival season. The most-active October contract of soybean on NCDEX was up 0.7% from the previous close.

Rabobank sees palm oil prices tad up as CBOT soy complex choppy.
Ram Gopal Yadav (8 years ago)

Global palm oil prices are likely to find short-term support in Jul-Sep as global soybean complex prices remain volatile. The financial services company has revised slightly upwards its price forecast for crude palm oil contracts on the Malaysian bourse at 2,500 ringgits (37,510 rupees) per tonne and 2,400 ringgits on an average for Jul-Sep and Oct-Dec, respectively. Palm oil prices are cheaper compared to soyoil, therefore demand for the former would increase. Increasing production of the edible oil and relatively slow exports, which led to higher Malaysian palm oil stocks, are also seen bearish for prices. CBOT soybean prices are seen lower in the coming months on record output of 114.5 million tonne in 2016-17 and selling by fund managers.

Ukraine exported USD 2.8 billion worth of vegoils in 2017.
Ram Gopal Yadav (8 years ago)

The country exported 3.792 MMT of vegoils to an amount of USD 2.834 billion in January-July 2017. In particular, exports of sunflower, safflower and cotton oils totaled 3.656 MMT to an amount of USD 2.728 Bl. The largest volumes went to India (USD 933.265 million worth, 34.2% of their exports in value terms), Spain (USD 282.14 million worth, 10.3%) and China (USD 228.187 million worth, 8.4%). Exports to other countries totaled USD 1.284 billion (47.1%). The share of these commodity items in overall exports reached 11.4% in value terms. Soybean oil exports totaled 108.653 KMT to an amount of USD 81.755 Ml. Exports of rape and mustard oils made up 7.952 KMT to an amount of USD 6.747 Ml.