Maize arrivals dry up in Nizamabad wholesale market.
E.U. looks to remove palm oil from biofuels.
E.U. biofuels groups praised a vote by the European Parliament on Jan. 17 to phase out the use of palm oil in biofuels and allow some crop-based fuels. Still, more needs to be done, said ePURE leaders, the European renewable ethanol association. Europeans deserve a climate policy that lives up to the promises made by politicians. The Parliament has sent a message that not all biofuels are created equal by focusing on getting rid of those that drive deforestation like palm oil. But its amendments still risk making it harder for E.U. member states to realistically boost renewables in transport.
MCX CPO near 1-month low on cues from Malaysian bourse.
The February contract of crude palm oil on MCX hit a near one-month low tracking benchmark contracts on the Bursa Malaysia Derivatives. Prices of crude palm oil fell on the Malaysian bourse due to a strong ringgit against the dollar and on concerns over a likely fall in demand from the European Union.
Indian government may raise vegoil import duty third time since Aug 2017.
Indian government may raise the import duty on vegetable oils such as refined palm oil and palm olein, sunflower oil and cottonseed oil for the third time since August 2017, amid lobbying by the country’s refiners and to protect local farmers. This move could come ahead of key state and general elections due to be held in 2018 and 2019, to attract farmerr. The government had raised import duties in August 2017 and again in November in the wake of intense lobbying by the Indian refiners, and in order to cater to farmers requests ahead of a key state election in Gujarat.
Indore soybean up on lower supply, higher demand
Indore soybean up on lower supply, higher demand
Malaysia CPO hits 3-week low on CBOT soyoil cues
Malaysia CPO hits 3-week low on CBOT soyoil cues
Mustard seed prices down in Jaipur as arrivals rise
Mustard seed prices down in Jaipur as arrivals rise
Frost in Sri Ganganagar, Rajasthan damages mustard crops, situation to improve.
Frost in Sri Ganganagar, Rajasthan damages mustard crops, situation to improve.
CBOT corn prices edge down, but stay near 2-week high.
CBOT corn prices edge down, but stay near 2-week high.
EU curbs on fungicide use threaten basmati exports.
EU curbs on fungicide use threaten basmati exports.
Philippine rice prices remain stable despite tax reform.
Philippine rice prices remain stable despite tax reform.
India rice basmati rises on stockists buying.
India rice basmati rises on stockists buying.
Traders, farmers meet AP CM, apprises about on purchase of paddy.
Traders, farmers meet AP CM, apprises about on purchase of paddy.
Ukrainian wheat export prices increased slightly last week.
Ukrainian wheat export prices increased slightly last week.
Winter wheat could suffer as drought increases in Kansas.
Winter wheat could suffer as drought increases in Kansas.
CBOT wheat up on short-covering; ample supplies cap gains.
CBOT wheat up on short-covering; ample supplies cap gains.
US wheat edges higher, lingers near more than 1-month low.
US wheat edges higher, lingers near more than 1-month low.
Myanmar rice exports expected to hit more than 3 MMT.
Myanmar rice exports expected to hit more than 3 MMT.
Ukraine used up all dditional quotas for corn supplies to EU in 2018.
Ukraine used up all dditional quotas for corn supplies to EU in 2018.
US corn inspected for export down 31.3% on week, 35.8% on year.
US corn inspected for export down 31.3% on week, 35.8% on year.