Indonesia palm oil exports fell 7.5% month on month to 2.76 mln tn in September despite higher production and lower supply of other vegetable oils in the global market. palm oil exports (excluding palm oil-based biodiesel and oleochemicals) to China dropped 17.5% month on month to 370,470 tn in Sep, and those to India were 17% lower month on month at 650,750 tn.
Malaysia Oct palm oil output up 13% on month at 2.01 mln tn.
Production of palm oil in Malaysia soared 12.9% on month in October to 2.01 mln tn, while palm oil inventories were up 8.4% at 2.19 mln tn. Exports of palm oil increased 2.04% to 1.55 mln tn. Crude palm oil stocks were at 1.23 mln tn at the end of October, up 15.38% on month, while processed palm oil stocks were up 0.58% at 959,251 tn. Malaysia is the world’s second-largest producer and exporter of palm oil. Biodiesel exports from Malaysia were at 5,572 tn in October, down 33.61% from September.
Mustard acreage 3.71 mln ha, dn 3.5% on year.
Mustard acreage across the country was down 3.5% on year at 3.71 mln ha as of Thursday. In Rajasthan, the largest mustard producing state, sowing was at 1.47 mln ha, down 27.4%. Though mustard doesn’t need much water, the state did not receive any rainfall during Oct 1-Nov 8.
Mustard seed prices rise in Jaipur on low arrivals.
Mustard seed prices rose in Jaipur due to a fall in arrivals, coupled with rising demand from domestic oil millers and crushers. Delayed sowing in key growing areas and export demand for mustard meal also supported prices in the domestic market.