Kazakhstan oilseed inventories rise 18%.

The Statistics Committee of the National Economy Ministry of the Republic of Kazakhstan reports that oilseed inventories totaled 904.3 KMT on April 1, 2018, i.e. almost 18% (136 KMT) more than a year ago (768.3 KMT on April 1, 2017). A rise was registered in stocks of all staple oilseeds. So, sunseed availabilities were up 6% (20.3 KMT) year-on-year at 372.5 KMT, linseed stocks were up 25% (58.1 KMT) at 286.8 KMT, soybean stocks grew by 1.4% (1 KMT) to 74 KMT, rapeseed ones gained 86% (60.5 KMT) and totaled 130.5 KMT.

Ukraine Soybean oil production set a new record.

Soybean oil production by Ukraine’s large and medium-sized crushers amounted to 17.3 KMT in February 2018. This is down 9% from the previous month (19.1 KMT) but up 19% from February 2017 (14.5 KMT). Overall, 98 KMT of soybean oil was produced earlier in the 2017/18 season (September-February) – its output increased 23% on the year and set a new record for this period.

Brazilian soybean exports in April are set to hit 10.99 million mt

Brazilian soybean exports in April are set to hit 10.99 million mt, breaking the previous record reached in May 2017. Brazil exported 7.4 million mt of soybeans during the first three weeks leading up to April 20, at an average of 495,700 mt per working day, customs data shows, faster than the daily average of 419,700 mt during last month, when a total of 8.81 million mt was exported. Daily rate is set to increase to 593,000 mt during April’s final week as an additional 3.56 million mt of Brazilian soybeans is lined up to leave Brazil by April 30. About 734,000 mt of soybeans are scheduled to leave the port of Paranagua between April 23 to April 30, with 978,000 mt to leave Santos and 556,500 mt to depart from Rio Grande over the same week.

Govt sees 9,317 tn soybean seed shortage in 2018-19 kharif season

Soybean seed shortage is estimated at 9,317 tn in 2018-19 (Jul-Jun) kharif season owing to lower crop in key growing states. Against the requirement of 290,976 tn soybean seed, the country is likely to have 281,659 tn seeds available this year. Untimely rains in Madhya Pradesh, Maharashtra and Telangana during the harvesting season hit the crop, which will result in lower availability of seeds this year. Madhya Pradesh and Maharashtra are the leading growers of the oilseed.