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.

Oilseed stocks in Russia down 3.5% on the year as of early March

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.

Philippine Soybean meal imports seen rising by 5.45% this year 2.9 MMT

Philippine soybean meal (SBM) imports this year would go up by 5.45 percent to a record-high of 2.9 million metric tons (MMT) due to the continuous expansion of the livestock and poultry sectors. Driven by strong feed demand from the expanding domestic hog and poultry industries, SBM imports are forecast to reach a record 2.9 million tons in marketing year [MY] 18/19.