China’s imports of soybeans from the U.S. in January fell 14 percent from the same month a year ago, as Brazil grabbed a larger slice of the world’s biggest market for the oilseed with higher-protein beans. China imported 5.82 million tons of soybeans from the U.S. in January, equal to 67 percent of all imports. In 2017, U.S. beans accounted for 88.5 percent of the January total.
Soybean prices rise in Indore as demand improves
Prices of soybean in Indore were up due to improved demand from domestic oil millers and crushers. A rise in arrivals was insufficient to meet excess demand, thereby supporting soybean prices.
SEA sees 2017-18 mustard output down 8.7% on year at 6.3 mln tn
India’s mustard output in 2017-18 (Jul-Jun) is estimated to decline 8.7% on year to 6.33 mln tn. Likely lower output in Rajasthan is seen pulling down overall mustard production.
Jaipur mustard seed down on weak demand from millers
Prices of mustard seed fell in the benchmark market of Jaipur due to lacklustre demand from domestic oil millers and crushers. Expectations of better yield and a likely rise in arrivals of the oilseed after the festival of Holi is leading to bearishness in the market.