Pakistan increased demand for soybean meal in poultry feed rations
Ram Gopal Yadav (8 years ago)

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.

Prices of chana rise in Delhi on low supply
Ram Gopal Yadav (8 years ago)

Prices of chana rose in Delhi due to lower supplies and expectation of an increase in demand from dal millers in the coming days. Prices in Indore fell as demand from dal millers was lower, however a sharp downside in prices was restricted as the government may start procurement of the pulse.

NCDEX coriander hits 3-week high on low output view
Ram Gopal Yadav (8 years ago)

The April contract of coriander on NCDEX hit a three-week high of 5,412 rupees per 100 kg due to expectation of a fall in output this year. The contract ended up 0.3% from the previous close. Lower area under coriander has resulted in less-than-expected arrivals this year. However, prices of the spice were unchasddnged in Kota, the benchmark market, as higher demand negated the effect of a surge in arrivals in Rajasthan.

Oilseed stocks in Russia down 3.5% on the year as of early March
Ram Gopal Yadav (8 years ago)

Russian growers held 2120 KMT of oilseeds as of March 1, 2018 that is 77 KMT (3.5%) less than at the same time last year (2197 KMT). The oilseed stocks decreased by 453 KMT in February. Grower stocks of sunseed totaled 1215 KMT, i.e. 189 KMT (13.5%) less that at the same time last year (1404 KMT). The sunseed stocks decreased by 275 KMT in February.