Brazil surpasses U.S. in China soybean import race
Ram Gopal Yadav (7 years ago)

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.

Jaipur mustard seed down on weak demand from millers
Ram Gopal Yadav (7 years ago)

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.

Spices Board for import price floor of 60 rupee/kg on coriander
Ram Gopal Yadav (7 years ago)

The Spices Board India has asked the government to impose a minimum import price of 6,000 rupees per 100 kg on coriander in addition to the existing import duty so as to support domestic prices of the spice. Recommended late last year and again sent a reminder to the commerce ministry to levy the minimum import price of 60 rupees a kg. Currently, prices are hovering around 5,600 rupees per 100 kg, while landed price of coriander imported from Ukraine and Russia is around 4,000 rupees even after paying 36.5% import duty which includes 5% integrated goods and services tax.

NCDEX coriander up on bargain buys; spot prices flat
Ram Gopal Yadav (7 years ago)

Futures contracts of coriander on the NCDEX rose as investors bought the commodity after prices fell to a near one-week low of 5,420 rupees per 100 kg. The most-active April contract was at 5,514 rupees per 100 kg, up 0.5% from the previous close. Higher arrivals from Gujarat and Madhya Pradesh, the other major producers, are likely to keep coriander prices under pressure in the near term.

Ukraine early february’s stocks of all oilseeds down year-on-year
Ram Gopal Yadav (7 years ago)

sunseed stocks in Ukraine totaled 5061.1 KMT on February 1, 2018, i.e. almost 7% less than on the same date last year (5439.3 KMT). This included 2649 KMT stored on farms (down 188.2 KMT, or 6.6% on the year) and 2412.1 KMT held by storage and processing companies (down 190 KMT, or 7.3%). As of February 1, 2018, crusher stocks of oilseeds were down 18.1% year-on-year at 667.6 KMT versus 815.4 KMT they had on February 1, 2017. At the same time, rapeseed stocks were down 24% year-on-year at 66.9 KMT versus 88 KMT on February 1, 2017.