Indore soybean up on talk of meal export incentive
Ram Gopal Yadav (9 years ago)

Soybean prices in Indore were up because of talk of export incentives on soymeal. Export incentives are likely to increase demand for the oilseed due to improved crushing. Gains in soybean contracts on the CBOT are also seen supporting the rise in prices of the oilseed. The most active January futures contract of soybean on the NCDEX traded up 1.9% from the previous close.

India Indore soybean rises on improved demand
Ram Gopal Yadav (9 years ago)

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.

Malaysia CPO ends lower on strong ringgit vs doller
Ram Gopal Yadav (9 years ago)

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.

Ukraine Sunoil exports under Indian import duty
Ram Gopal Yadav (9 years ago)

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.

Ukraine Rapeseed becoming the most profitable crop for growers
Ram Gopal Yadav (9 years ago)

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.

EU almost doubled rapeseed imports from Ukraine
Ram Gopal Yadav (9 years ago)

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).