Pakistan rice export rises 16.9% in 4 months.
Soybeans up for third session on Argentina dryness
Chicago soybean futures rose for a third straight session with dry weather in Argentina and strong U.S. demand buoying the market. Rainfall over the weekend was limited in Argentina, the top global soymeal and soyoil exporter, and showers were expected to be limited this week.
Armyworms destroy half of Malawi’s maize crop.
Armyworms destroy half of Malawi’s maize crop.
MY 2017/18 India Soybean Production Unchanged at 10 MMT
USDA pegs India year to Sept soybean crop at 10 million metric tonne, down 5% YoY. India soybean over 10.6 million ha for 2017-18, lower than 11.4 million ha last year. Average market prices soybeans last 12 months have softened 16 % to INR 27,000/metric tonne.
Untimely rainfall and hailstorm damages maize and others rabi crops in Maharashtra.
Untimely rainfall and hailstorm damages maize and others rabi crops in Maharashtra.
MCX CPO hits 2-week low tracking Bursa Malaysia
Contracts of crude palm oil hit a two-week low on MCX tracking losses on the benchmark Bursa Malaysia Derivatives. The most active December contract of crude palm oil on MCX was down 0.7% from previous close.
Brazil’s farmers invest in Soybeans, not corn crops.
Brazil’s farmers invest in Soybeans, not corn crops.
Brazil’s farmers invest in soybeans, not corn crops
Brazilian producers have already planted 92% of the estimated area for soybeans in the 2017/2018 harvest. The number surpasses 90% of last year and 87% of the average of five years.
Kenya field trail shows promise of GMO insect-resistant Bt corn to combat fall armyworm African invasion.
Kenya field trail shows promise of GMO insect-resistant Bt corn to combat fall armyworm African invasion.
Mustard seed up in Jaipur on demand from oil mills
Mustard seed prices rose in Jaipur, the benchmark market in Rajasthan, due to improved demand for oil millers and crushers amid a fall in arrivals. Seasonal demand for mustard oil supported prices of the seed.
India basmati prices rise on higher demand from West Asia.
India basmati prices rise on higher demand from West Asia.
India Indore soybean rises on improved demand
Prices of soybean rose in Indore, Madhya Pradesh’s benchmark market, due to improved demand from oil millers after government hiked import duty on refined soyoil. However, high arrivals of soybean in spot markets prevented any further rise in prices. Along with soybean, prices of mustard seed also rose in the benchmark market of Jaipur. Prices rose due to a rise in demand from domestic crushers and stockists along with a fall in acreage of the crop.
Indian rice offered lowest in Iraq’s 30,000 MT tender.
Indian rice offered lowest in Iraq’s 30,000 MT tender.
Malaysia CPO ends lower on strong ringgit vs doller
Futures contracts of crude palm oil ended lower on the Bursa Malaysia Derivatives due to strength in ringgit against the dollar. The most-active February contract of crude palm oil on the Malaysian bourse closed at 2,583 ringgits (40,947.99 rupees) per tn, down 0.8% from the previous close.
Paddy farmers across southern Karnataka face huge losses;following Cyclone Ockhi.
Paddy farmers across southern Karnataka face huge losses;following Cyclone Ockhi.
Ukraine Sunoil exports under Indian import duty
The market was surprised by such a significant increase, which affected all vegoils. So, November’s decision of the Indian government brought duty rates up to a decade high. Predicting further developments is important for Ukraine, as India is its key importer absorbing up to one-third of total sunoil exports.
Punjab contributes 51% to Centre’s paddy procurement target.
Punjab contributes 51% to Centre’s paddy procurement target.
Ukraine Rapeseed becoming the most profitable crop for growers
Among oilseeds, only rapeseed production margin continues moving upwards. According to the forecast of the Institute scientists, its margin of profit increase to 58.8% against 44.9% in 2016 and 44.3% in 2015. The downward trend in sunseed production profitability persist: 30.8% in 2017 against 80.5% in 2015 and 63% in 2016. So, its percentage more than halved from last year. Soybean production margin may fall to 25.4% that is half as high as in 2016.
Flood damage weighs on rice output in Thailand.
Flood damage weighs on rice output in Thailand.
EU almost doubled rapeseed imports from Ukraine
Ukraine exported 343.9 KMT of rapeseed in October 2017/18, or half as much as in the previous month. As a reminder, Ukrainian rapeseed exports reached a record 700.5 KMT in September 2017. Roughly 1680 KMT was shipped abroad in July-October 2017/18, during the most productive months for the rapeseed market. This volume is much larger than in the last three seasons, but down 5.8% from the record set in the same month in MY 2013/14 (1783.4 KMT). Rapeseed supplies to the EU continue gaining pace in the current season (1366.7 KMT against 747.5 KMT a year ago).