Nigeria rice importation drops by 95%.
CBOT soyoil up tracking gains in CPO contracts
Futures contracts of soyoil on the CBOT was up tracking gains in the crude palm oil contracts on the Bursa Malaysia Derivatives. The prices of soyoil and crude palm oil generally move in tandem becausen both are used in preparation of vegetable oil and bio-fuel. The most active January contract of soyoil on CBOT traded at 34.44 cents per pound, up 1.1% from the previous close.
U.S. rice prices soar amid sharply lower production.
U.S. rice prices soar amid sharply lower production.
Malaysia CPO ends up on bargain buys post 4-month low
The most-active February contract of crude palm oil ended over 1% higher on the Bursa Malaysia Derivatives due to bargain buying after it hit a four-month low. The contract closed at 2,604 ringgits per tn, up 1.6% from the previous close.
Bangladesh ag minister hopes for new era of collaboration for rice sector.
Bangladesh ag minister hopes for new era of collaboration for rice sector.
Ukroliya Organic to take up production of organic vegoils in Ukraine
Ukraine’s first organic vegoil plant Ukroliya Organic is being put into operation in Poltava region. The plant is projected to annually process 18 KMT of sunseed, 50 KMT of soybeans.
Haryana spot rice continue to rise as Iran lifts import ban.
Haryana spot rice continue to rise as Iran lifts import ban.
Kazakhstan-China first rape oil plant launched with 1 KMT/day capacity
At the moment, the plant’s design capacity is 1 KMT a day and 300 KMT a year. This is raw material processing. The plant has processed 5 KMT of feedstock since its launch. In addition, 400 MT of sunoil and 1.6 KMT of rape oil were produced in July 2017. Also, it is projected to purchase 100-150 KMT of rapeseed and sunseed from farmers in North-Kazakhstan region. Roughly USD 15 Ml or KZT 5 Bl was invested in the construction at the first stage and oilseed plantings in the region were expanded by 280 Th ha. Also, the plant has already exported 2 KMT of rape oil to China.
Armyworm has infected 50% of Malawi’s planted maize.
Armyworm has infected 50% of Malawi’s planted maize.
NCDEX coriander down on profit booking; spot steady
Futures contracts of coriander on the NCDEX ended down because investors booked profits after prices hit a six-month high. The most-active December contract of coriander closed down 0.24% from the previous close.
CBOT corn unmoved after rally.
CBOT corn unmoved after rally.
After drought, monster storm threatens Australia’s wheat crop.
After drought, monster storm threatens Australia’s wheat crop.
MCX cotton up on strong demand, output concern.
MCX cotton up on strong demand, output concern.
Canadian wheat bids drift lower with U.S. futures.
Canadian wheat bids drift lower with U.S. futures.
Cotton ginners threaten strike on Dec 15 if 5% GST not withdrawn .
Cotton ginners threaten strike on Dec 15 if 5% GST not withdrawn .
Iran offers control of Chabahar to India ahead of schedule for wheat.
Iran offers control of Chabahar to India ahead of schedule for wheat.
India coffee exports during Jan 1- Nov 29.
India coffee exports during Jan 1- Nov 29.
Black Sea wheat a threat to Australia’s key Asian markets.
Black Sea wheat a threat to Australia’s key Asian markets.
US cuts 2018 wheat sowings hopes to record low.
US cuts 2018 wheat sowings hopes to record low.
Coriander prices up in Kota on likely fall in area
Prices of coriander were up in Kota–the benchmark market–because of a likely drop in acreage in the producing regions, this rabi season.The fall in area is due to unattractive prices for the crop last season.