Malaysia palm oil future prices reverse with the losses, BMD CPO third month contract price fell by 3.5% and reached at 1,972 MYR/ton level on yesterday. Along with weak fundamental, Brent Crude Oil prices which declined […]
India’s soymeal conundrum
Stepped-up demand from the poultry industry has led to higher soymeal consumption in India, a trend that is expected to continue over the next several years, according to a new report from Rabobank entitled, “Outlook of […]
Why soyabean is key to Madhya Pradesh
The crop has often helped shape poll outcomes in Malwa, which accounts for more than half the state’s production. Once thriving, soybean has suffered falling prices in the last few years. “Malwa is India’s US Midwest […]
Government procures 16.51 million tons of rice so far; expected to exceed target.
The government has procured 16.51 million tonnes of rice so far in the current 2018-19 marketing year and the total quantity is likely to surpass the target. The rice procurement target set for this year was […]
CBOT Soybean price recovered last week on trade negotiations between the U.S. and China
CBOT Soybean price recovered last week on trade negotiations between the U.S. and China, which are expected to resume later this month. Soy oil prices were weaker and meal contracts were stronger in Friday close. The […]
Expectation of improving meal exports to drive mustard prices
The mustard futures are expected to get a boost from the news that China allowed meal imports from India. However, strict quality parameters, export guidelines and registration formalities have dampened exports in the near term. Moreover, […]
China’s NBS adds 20MMT to productions: USDA.
The China’s National Bureau of Statistics (NBS) revision adds a cumulative 20 million tons to production for the 2007/08-2017/18 period. Most of the increase is added to stocks, with only a small addition to feed and […]
Oil meals export decline in October
Solvent Association estimate Oct all oilmeals export only Half vs Sep 172K MT at 84143 Ton/Mustard Meal export crashes to 25234 Ton vs Sep 89975 Ton-GN Meal No export. The export of oil meals during October […]
China has dropped a years-long ban on rapeseed meal imports from India
China has dropped a years-long ban on rapeseed meal imports from India as the government seeks to diversify sources of protein used in animal feed, the customs administration said on Monday. Rapeseed meal shipments from India […]
India maize market steady
Price of maize in Davangere, Karnataka, were steady at 1,100-1,400 rupees per 100 kg, depending on the quality. Earlier this month, arrivals of the new kharif maize crop had started in the state, with the moisture […]
Recent rain in Australia respite the wheat crop.
Recent showers and a variable temperature pattern will favor reproductive to filling winter wheat in western and southeast Australia. Drought has impacted winter wheat prospects in northern New South Wales and southern Queensland during this season. […]
State govt declares 206 blocks in 23 districts drought-hit
Bihar government declared 206 blocks in 23 districts as drought-hit. The drought hit districts are Patna, Bhojpur, Buxar, Gaya, Nawada, Aurangabad, Saran, Siwan, Gopalganj, Vaishali, Muzaffarpur, Darbhanga, Madhubani, Samastipur, Sheikhpura, Jamui, Banka, Bhagalpur, Nalanda, Saharsa, Munger, […]
Monsoon 2018
Indian monsoon has been in the mixed bag this year. Total rainfall was 9% below average – worse than the weather office forecast. Monsoon was deficient in every month of the season compared to normal rainfall. […]
Palm prices rises on lean output expectations
Palm oil output in Malaysia, the world’s second-largest producer, typically peaks in the third or fourth quarter of the year before tapering off during the year-end. Production levels rose 14.4 per cent in September at 1.85 […]
The weak Indian currency has nullified the opportunity of global cheap veg oil imports in India
In last one year, C&F prices of edible oils in India have gone down by 3% to 17% due to more abundant global supply, and at the same time Indian rupee depreciated nearly more than 5% […]
EU palm oil ban sows bitter seeds for Southeast Asian farmers
The European Parliament is moving to ban the use of palm oil in biofuels, while British grocer Iceland has announced it will stop using the commodity over concerns that it causes widespread environmental destruction. Losing the […]