Russian soybean oil production hit a new high
Ram Gopal Yadav (8 years ago)

Russia processed a record monthly amount of soybeans in December 2017. So, soybean oil production gained 33.8% in December 2017 versus November 2017, reaching 83.9 KMT. It was up 42.4% on the year (58.9 KMT in December 2016/17). Soybean oil output hit a record 254.6 KMT in the first four months of the 2017/18 season (September-December), up almost 9% on the year. Soybean oil accounts for some 12% of Russian vegoil production against 11% a year ago.

Ukraine Sunseed crushing stays as high, nearly record level
Ram Gopal Yadav (8 years ago)

Sunoil production by Ukraine’s large and medium-sized crushers amounted to 428 KMT in January 2017/18 that is down 10.3% from the previous month (477.2 KMT) and down 10% from January 2017 (475.7 KMT). Sunseed processing stays at a high, nearly record level this season. However, sunoil production lowered to 2241.2 KMT, i.e. by 9.5% from last season’s record of 2477.2 KMT.

Ukraine delivered 2 MMT of sunflower meal to foreign markets
Ram Gopal Yadav (8 years ago)

In 2018, January’s exports of Ukrainian sunmeal totaled 478 KMT, i.e. they hit a new high. The export trade gained 16% against the previous month (412 KMT). Its increase against January 2017 was more than 10%. 1976 KMT of sunmeal was supplied to foreign markets in September-January 2017/18 that is up 3.8% from a year ago (1904 KMT).

Jaipur mustard seed down on weak demand from millers
Ram Gopal Yadav (8 years ago)

Prices of mustard seed fell in the benchmark market of Jaipur due to lacklustre demand from domestic oil millers and crushers. Expectations of better yield and a likely rise in arrivals of the oilseed after the festival of Holi is leading to bearishness in the market.

Brazil surpasses U.S. in China soybean import race
Ram Gopal Yadav (8 years ago)

China’s imports of soybeans from the U.S. in January fell 14 percent from the same month a year ago, as Brazil grabbed a larger slice of the world’s biggest market for the oilseed with higher-protein beans. China imported 5.82 million tons of soybeans from the U.S. in January, equal to 67 percent of all imports. In 2017, U.S. beans accounted for 88.5 percent of the January total.

Soybean harvest speeds up in Mato Grosso (Brazil)
Ram Gopal Yadav (8 years ago)

The soybean harvest in the Brazilian state of Mato Grosso, the largest producer of the oilseed, reached 58.3% of the planted surface. In one week, there was an advance of 13.34 percentage points, but there is still a delay compared to the previous crop season. In one week, there was an advance of 13.34 percentage points, but there is still a delay compared to the previous crop season.

Russia decreased palm oil imports by 40%
Ram Gopal Yadav (8 years ago)

In December 2017, Russian palm oil imports hit a seven-year low of 22.7 KMT, down more than 35% from the previous month. In the first four months of 2017/18, palm oil purchases decreased almost 40% to 224.7 KMT against 373.3 KMT a year. The current marketing year continues witnessing a downward trend in Russian palm oil imports, which have already dropped to an eight-year low.

Coriander up in Kota as demand rises amid low supply
Ram Gopal Yadav (8 years ago)

Prices of coriander rose in Kota today due to a fall in arrivals coupled with an increase in demand from spice makers due to better quality of the crop. However, supplies are likely to gain pace in coming days with an increase in harvesting activity. The most active April contract of coriander on NCDEX traded 0.9% higher.