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).
After warning of heavy rain, Odisha govt cautions paddy farmers.
After warning of heavy rain, Odisha govt cautions paddy farmers.
US Soybean November exports for Brazil 2.143 MMT
Soybean exports during November for Brazil totaled 2.143 MMT, which was 13.85% lower than last month but more than 6.5 times larger than Nov 2016. This extra supply in the world market has been the main reason US shipments lag year ago.
In race for Basmati GI tag, Telugu states not in picture.
In race for Basmati GI tag, Telugu states not in picture.
Argentinian Sunflower new-crop planting pace
Argentinian Sunflower new-crop planting pace was 95% of 1.75 Million Ha vs 1.7 of 16/17 season. Under normal weather conditons,tentatively forecast a new-crop size of 3.65 Million T vs 3.45 of 16/17.
USDA arm estimates 2018 Thailand rice export at 10 MMT.
USDA arm estimates 2018 Thailand rice export at 10 MMT.
Brazilian Soy planting pace update by 01 Dec 2017
Brazilian Soy planting pace update by 01 Dec 2017; 90.5% ( 91.4% of last season ) as per SAFRAS & Mercado. In Mato Grosso, 99% vs 100%. Under normal conditions from now on,tentatively forecast a Soy new-crop size around 110 Million T vs record 114 of 16/17.
Cheap maize from Uganda likely to hurt Kenya local farmers.
Cheap maize from Uganda likely to hurt Kenya local farmers.
NCDEX coriander up 3% on likely fall in acreage
Futures contracts of coriander on NCDEX hit the 3% upper limit on expectations of a decline in acreage in the ongoing rabi season. The most-active January contract of coriander was up 3.1% from previous close. Spot prices in Ramganj, Rajasthan, also rose tracking futures.
Brazil corn production to fall nearly 17% this season.
Brazil corn production to fall nearly 17% this season.
FAO says India Jan-Nov non-basmati rice export prices up 8% on year.
FAO says India Jan-Nov non-basmati rice export prices up 8% on year.
Punjab, Haryana procure nearly 24.9 MMT of paddy.
Punjab, Haryana procure nearly 24.9 MMT of paddy.
EU eases curbs on imports of Fukushima rice and seafood.
EU eases curbs on imports of Fukushima rice and seafood.
Nigeria imports over 3 MMT of rice annually, says sources.
Nigeria imports over 3 MMT of rice annually, says sources.
Soybean prices down in Indore on weak demand for meal
Prices of soybean fell in Indore, Madhya Pradesh owing to subdued demand for soymeal, a derivative of soybean. A decline in supply, however, cushioned a fall in prices.