Ukrainian corn prices closed the week down USD 1/MT.
Rabi maize arrivals kick off in Bihar, supply to pick up in 15 days.
Rabi maize arrivals kick off in Bihar, supply to pick up in 15 days.
China grants more subsidies to soy farmers as it cuts corn stocks.
China grants more subsidies to soy farmers as it cuts corn stocks.
Malaysia palm oil up on demand ahead of Ramzan
Futures contracts of crude palm oil on the Bursa Malaysia Derivatives rose on expectations of a rise in demand ahead of Ramzan in May. The prices of crude palm oil and soyoil typically move in tandem as the commodities are used as substitutes for each other. The decline in palm oil inventories in Malaysia by 12% on-month to 2.18 mln tn in March.
China tilts farm subsidies to favour soybean, cut corn production.
China tilts farm subsidies to favour soybean, cut corn production.
China’s impose 25% tariff on import of oilseed from US
Futures contracts of components of edible oil basket on domestic exchanges are likely to tick lower in the next five sessions primarily due to China’s decision to impose 25% tariff on import of oilseed from the US. China is the largest consumer of US soybean.
Farm contracts fall as China slaps retaliatory tariff on US soy, corn.
Farm contracts fall as China slaps retaliatory tariff on US soy, corn.
Pakistan increased demand for soybean meal in poultry feed rations
Pakistan increased demand for soybean meal in poultry feed rations. The poultry industry in Pakistan is increasingly using soybean meal in its feed rations, and the USDA is expecting the country’s soybean imports to hit a record 2.5 million metric tons (MMT) in MY 2018/2019. Pakistan imported 1.7m tons of soybeans during MY 2016/17, according to the USDA data. Importers have shifted from Indian soymeal to take advantage of competitively-priced soybeans from other countries, said the US agency report. Rapeseed and canola imports are almost at and are expected to maintain at 2 million tons during 2017/18 and imports of soybeans are expected to climb to 2.0 MMT given the current tari structure. Soybean imports during MY 2018/19 are projected to reach to a record 2.5.
CBOT corn down on China retaliatory tariff on US pdts.
CBOT corn down on China retaliatory tariff on US pdts.
Tur prices up in Akola on demand from dal millers
Tur prices were up in Akola because of slight recovery in demand from dal millers while it was unchanged in Kalaburagi.
India spot sugar price dn on low demand, selling pressure
India spot sugar price dn on low demand, selling pressure
Fall in arrivals lift barley prices in Jaipur
Prices of barley rose in Jaipur due to a fall in arrivals coupled with improved demand from the poultry feed industry and domestic stockists.
Rice basmati rises on stockists buying.
Rice basmati rises on stockists buying.
Telangana govt agreed to send 3 lakh tonnes of rice to Tamil Nadu.
Telangana govt agreed to send 3 lakh tonnes of rice to Tamil Nadu.
Nigerian govt raises alarm over dangerous imported rice.
Nigerian govt raises alarm over dangerous imported rice.
Peru Rice Consumption is likely to down in MY-2018-19.
Peru Rice Consumption is likely to down in MY-2018-19.
Export prices of Thai rice rise in week.
Export prices of Thai rice rise in week.
Soybean dn in Indore on weak demand from oil millers
Prices of soybean fell in Indore, Madhya Pradesh, owing to lacklustre demand from domestic oil millers and crushers. A rise in arrivals of the oilseed also weighed on prices.
Another wheat shipment for Afghanistan arrives in Iran’s Chabahar from India.
Another wheat shipment for Afghanistan arrives in Iran’s Chabahar from India.
Mustard seed down in Jaipur on weak demand for meal
Prices of mustard seed fell in Jaipur due to subdued demand for mustard meal and oil from domestic stockists. A surge in arrivals also put pressure on prices of mustard seed. In Rajasthan, arrivals of the oilseed were estimated at 275,000 bags.