South Asia’s 2017/18 vegoil imports to hit record high on strong demand
Ram Gopal Yadav (7 years ago)

South Asia’s edible oil imports are set to climb to an all-time high this year as lower production in the region coincides with rising consumption to drive buying of mainly palm and soybean oils from elsewhere. India seen importing 15.5 mln T of edible oil in 2017/18. Rising demand, lower oilseed output to drive India imports. Pakistan expected to buy 3.2 mln T of edible oil in 2018.

Malaysia CPO dn; India hikes import duty on palm oil
Ram Gopal Yadav (7 years ago)

Futures contracts of crude palm oil were down as India has raised import duty on palm oil. The most active May contract of crude palm oil on the Malaysian bourse was at 2,456 ringgits (40,973 rupees) per tn, down 18 ringgits from the previous close.

SEA sees 2017-18 mustard output down 3.8%
Ram Gopal Yadav (7 years ago)

India’s mustard output in 2017-18 (Jul-Jun) is estimated to decline 3.8% on year to 6.33 mln tn. The mustard output figure does not include toria and taramira varieties. The production of the two varieties is estimated at 150,000 tn. Likely lower output in Rajasthan is seen pulling down overall mustard production. Farmers shifting to lucrative crops such as chana and wheat led to a drop in the acreage, resulting in lower output. India’s carryover stock of mustard seed at the end of February is seen at 0.4-1.0 mln tn, higher than 0.2 mln tn a year ago, mainly due to disparity in crushing of the oilseed for meal and oil.

Sudden rainfall, hailstorm affect crops in east Rajasthan
Ram Gopal Yadav (7 years ago)

Mild to moderate showers accompanied by hailstorm on Sunday noon made farmers, especially in eastern Rajasthan, jittery.With the harvest of crops, including wheat, mustard and barley, almost a fortnight away, this spell of unprecedented rainfall and hailstorm affected the crops.

Ukraine delivered 2 MMT of sunflower meal to foreign markets
Ram Gopal Yadav (7 years ago)

In 2018, January’s exports of Ukrainian sunmeal totaled 478 KMT, i.e. they hit a new high. The export trade gained 16% against the previous month (412 KMT). Its increase against January 2017 was more than 10%. 1976 KMT of sunmeal was supplied to foreign markets in September-January 2017/18 that is up 3.8% from a year ago (1904 KMT).

Ukraine Sunseed crushing stays as high, nearly record level
Ram Gopal Yadav (7 years ago)

Sunoil production by Ukraine’s large and medium-sized crushers amounted to 428 KMT in January 2017/18 that is down 10.3% from the previous month (477.2 KMT) and down 10% from January 2017 (475.7 KMT). Sunseed processing stays at a high, nearly record level this season. However, sunoil production lowered to 2241.2 KMT, i.e. by 9.5% from last season’s record of 2477.2 KMT.

Russian soybean oil production hit a new high
Ram Gopal Yadav (7 years ago)

Russia processed a record monthly amount of soybeans in December 2017. So, soybean oil production gained 33.8% in December 2017 versus November 2017, reaching 83.9 KMT. It was up 42.4% on the year (58.9 KMT in December 2016/17). Soybean oil output hit a record 254.6 KMT in the first four months of the 2017/18 season (September-December), up almost 9% on the year. Soybean oil accounts for some 12% of Russian vegoil production against 11% a year ago.