Prices of mustard seed were up in Jaipur, Rajasthan due to rising demand from domestic oil millers and crushers amid a fall in the acreage of the oilseed. A fall in arrivals also supported prices
India edible oil Up; soybean rises 2%.
Futures contracts of all components of edible oil basket rose on domestic exchanges. The most-active March contract of soybean closed nearly 2% higher on the National Commodity and Derivatives Exchange due to a pickup in demand from crushing plants. Refined soyoil on the NCDEX and crude palm oil on the Multi Commodity Exchange rose due to robust demand in the wholesale markets. Gains in key crude palm oil contracts on the Malaysian bourse also supported prices on the Indian exchange
Hail and thunderstorm damage wheat in Maharashtra.
Hail and thunderstorm damage wheat in Maharashtra.
Spring rain vital for struggling U.S. winter wheat crop.
Spring rain vital for struggling U.S. winter wheat crop.
USDA pegs 2017-18 global wheat output at record high of 758 mln tn.
USDA pegs 2017-18 global wheat output at record high of 758 mln tn.
USDA lowers U.S. corn stocks view as exports rise.
USDA lowers U.S. corn stocks view as exports rise.
Poor maize crop expected due to erratic rainfall and fall armyworm.
Poor maize crop expected due to erratic rainfall and fall armyworm.
Odisha millers ask for paddy transportation rate hike.
Odisha millers ask for paddy transportation rate hike.
Odisha doubts Centre’s paddy FAQ relaxation norms.
Odisha doubts Centre’s paddy FAQ relaxation norms.
Philippine’s total rice inventory down by 17.2% in Jan
Philippine’s total rice inventory down by 17.2% in Jan
Odisha CM lauds decision to hike paddy MSP in Union budget.
Odisha CM lauds decision to hike paddy MSP in Union budget.
Ukraine handling of vegetable oils increased by 18% in 2017
In 2017 seaports of Ukraine handled 40.6 MMT of grain, which was 0.6% more than during the same period last year. Handling of vegetable oils in Ukrainian seaports increased 17.7% to 5.5 MMT in 2017, compared to 4.7 MMT over the same period last year. This indicator became a record one, while stable and rapid growth of vegetable oils processing shows prospects of this direction in the port industry of Ukraine. In 2017 Nikolayev, Chernomorsk and Yuzhnyi ports remained the largest ports for vegoil handling in Ukraine
Russia oilseed stocks down 6.6% year-on-year as of early January
Russian agricultural companies held 2823 KMT of oilseeds as of January 1, 2018, or 201 KMT (6.6%) less than at the same time last year (3024 KMT). Oilseed stocks fell by 873 KMT in December. Farmer sunseed stocks totaled 1620 KMT, or 266 KMT (14.1%) less than at the same time last year (1620 KMT). Sunseed stocks dropped by 562 KMT in December
BAGE cuts soybean production estimate to 50 million mt
A dearth of rain in the Las Pampas and northern areas of the country has prompted the Buenos Aires Grain exchange to cut its forecast of soybean production 1 million mt to 50 million mt. It is the second successive week that BAGE has cut its estimate of soybean production. Last week it cut its estimate to 51.5 million from 54 million mt.
India wheat imports seen surging 40% on winter crop stress.
India wheat imports seen surging 40% on winter crop stress.
Farm ministry proposes raising import duty on wheat to 40-50%.
Farm ministry proposes raising import duty on wheat to 40-50%.
NCDEX wheat up rises on hopes of import duty hike.
NCDEX wheat up rises on hopes of import duty hike.
Latest GASC rule change draws cautious optimism from wheat trade.
Latest GASC rule change draws cautious optimism from wheat trade.
US wheat stocks higher, Indonesia world’s biggest buyer.
US wheat stocks higher, Indonesia world’s biggest buyer.
Kenya’s cross-border maize imports peak as prices surge.
Kenya’s cross-border maize imports peak as prices surge.
