Global nonGM soybean demand to rise, driven by EU: Rabobank
Ram Gopal Yadav (7 years ago)

Demand for ‘specialised’ beans, such as organic, certified or plain non-GM beans, are expected to rise as consumers want to verify the sustainability of food production and to be able to track its origin. The biggest increase in demand is coming out of the EU which will, in the long-term, rely heavily on imports of non-GM beans, especially if less rapeseed meal could be sourced due to increased demand for biofuels. About 350 million mt of soybeans are traded annually, but just 14% are not genetically modified (GM), as major producing countries in the America’s use up to 95% of genetically modified seed.

Romanian rapeseed exports to hit a high in MY 2017/18
Ram Gopal Yadav (7 years ago)

Romania exported 1.2 MMT of rapeseed in July-February 2017/18 through ports that is 12.7% more than the total shipped abroad last record season. The upward trend is observed despite this season’s keen competition from Ukraine. The top importer – Belgium – purchased 470 KMT of rapeseed in July-February 2017/18 against 525.7 KMT at the same time last season, importing this commodity from Ukraine at a record pace.

Malaysia CPO dn tracking overnight fall in CBOT soy
Ram Gopal Yadav (7 years ago)

Futures contracts of crude palm oil on the Bursa Malaysia Derivatives were slightly down tracking overnight weakness in soyoil contracts on CBOT. The most-active June futures were down 7 ringgits to 2,424 ringgits (40,800 rupees) per tn.

Soybean prices down in Indore on weak demand
Ram Gopal Yadav (7 years ago)

Prices of soybean fell in Indore, Madhya Pradesh, due to subdued demand from crushers. Arrivals in Madhya Pradesh and Maharashtra remained unchanged. The most active May soybean contracts on the NCDEX was down 0.77%.

NCDEX mustard down on limited buying from crushers
Ram Gopal Yadav (7 years ago)

Mustard futures on the NCDEX fell due to limited demand from crushers. The May mustard contract was down 0.8%. For 2017-18, India’s mustard seed output is estimated at 7.54 mln tn, compared with 7.92 mln tn in the preceding year.

Egypt issued a tender to purchase vegoils
Ram Gopal Yadav (7 years ago)

Egypt’s state buyer GASC has issued a tender to purchase 10 KMT of sunflower oil and 30 KMT of soybean oil. The soybean oil is to be delivered between 1-15 June, 2018, the sunflower oil – between 15-30 June, 2018.