This season corn crop in southern Brazil has also been impacted by the dry weather, but to a lesser degree compared to the soybeans. A lot of the soybeans were at the same critical phase in […]
Import prospects improves of palm oil as world’s biggest edible oil buyer reduced the Import duty on 31st Dec 2018
Indian Govt. has reduced the Import duty on crude palm oil to 40 per cent from 44 per cent from Southeast Asian (Asean) countries after a request from suppliers, while on refined palm oil is import duty […]
India veg oils port stocks reached to 2 years low
India, NCDEX future Soy oil prices increased to 1% in last trading session and in physical market soy oil prices at Indore market continued in the higher side from 8 continues days at Rs. 752 Levels. […]
Weak production & Flat export trend supporting the palm oil prices
Malaysia palm oil future prices increased more than 1%, on weak fundamentals projections slo wing output in Malaysia and easing stock levels in Indonesia supported the prices. This month MPOB data, Malaysian palm oil production has […]
Weather in Argentina remains Unpredictable
The weather in Argentina continues to be uncertain going from one extreme to another. After very heavy rains earlier in November, the weather has been on the dry side for the last 2-3 weeks. They also […]
USDA – This week again US soybeans net export sales down 11.07%
Exports for the most recent week were 1.147 million mt, 8.41% lower than the previous week. Total accumulated physical exports for the 2018-2019 marketing year rose to 14.314 million mt, 40.75% lower than the year-ago period, […]
Govt procured pulses, oilseeds worth Rs 441.42 bn from farmers in last 4 years
The government has procured pulses and oilseeds worth Rs 441.42 billion at minimum support prices from farmers in the four years to 2018-19, the Agriculture Ministry said Tuesday. It had undertaken various interventions to boost the production […]
Soybean Planting-Brazil Soybean planting advanced & in beneficial stage But, Argentina again struggling for normal bean crop planting till last week
Soybean crop update, In the U.S. last week the last U.S. Department of Agriculture (USDA) weekly crop progress report of the year. The U.S. soybean harvest was pegged at 94 per cent complete, which is slightly […]
Edible, non-edible oils end flat in thin trade in last week
There was not much activity at the wholesale oils and oilseeds market in last week in the national capital as prices by and large moved in a narrow range in limited deals and pegged at last […]
A sharp fall was averted as the Indonesian government has temporarily lift an export levy on palm oil products
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. […]