India should allow GMO to boost lagging soybean yields, US says.
Ram Gopal Yadav (9 years ago)

For India to increase production, it should allow the use of innovative technologies, including GMO. Despite its lofty position in the global rankings, India produces barely a tenth of America’s output of 120m tonnes [of soybean crop], despite a considerably higher population that mainly purchases vegetarian ingredients, and a massive feed market. As a result the country must find ways to boost production and supply.

Canada bulk soybean down from 2016.
Ram Gopal Yadav (9 years ago)

The Canadian Grain Commission (CGC) reports 34,500 metric tons (MT) soybeans were loaded for export through licensed facilities which are required to report to it all grain movement in August, compared to 59,300 MT the same month last year. Of bulk soybeans loaded to for export during the month, 26,700 MT went through Vancouver terminals; 3,300 MT were shipped direct from Prairie elevators; and 4,500 MT were shipped through Bay and Lake ports in eastern Canada. Reviewing shipments by destination for the month, the CGC said 26,700 MT of No 2 Canada soybeans were shipped to China; 4,500 MT of No 2 Canada to Ireland; and 3,300 MT of other grades to the United States.

India mustard oil edges up on scattered demand.
Ram Gopal Yadav (9 years ago)

In restricted activity, mustard oil edged higher on mild local demand. However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at last levels. Some local demand helped mustard oil prices to trade higher.

Malaysia CPO up on CBOT cues, low output concern.
Ram Gopal Yadav (9 years ago)

Futures contracts of crude palm oil on Bursa Malaysia Derivatives up tracking soyoil contracts on CBOT and due to concern about lower output in the coming months. The most-active December crude palm oil contract on the Malaysian bourse at 2,741 ringgits (42,175 rupees) per MT, up 27 ringgits from previous close. A weak ringgit against the dollar is also seen pushing prices of the palm oil higher

Mustard seed prices down in Jaipur on higher stocks.
Ram Gopal Yadav (9 years ago)

Prices of mustard seed fell in Jaipur because of higher inventory level in the domestic market and subdued demand from stockists. Demand from domestic buyers was subdued after prices hit a near two-week high. Arrivals across the country pegged at 165,000 bags (1 bag = 85 kg), compared with 160,000 bags on 27 Sep. The arrivals of freshly harvested kharif oilseed crops is also seen weighing on prices of mustard seed.

Jaggery producers to compete with India sugar mills to buy early cane.
Ram Gopal Yadav (9 years ago)

Encouraged by a sharp increase in realisation through last year, jaggery manufacturing units (termed kolhus) say they’re equipped for a price battle with sugar mills on sugarcane purchase. Sugar mills in Uttar Pradesh and Maharashtra, the top two producing states, have announced an early start to crushing this year (the sugar season begins October 1). This was reportedly to get the early variety of cane, normally supplied to kolhus. Jaggery makers traditionally start their operations in September with this early variety, which offers lower yield than the matured type. Crushing of this type of cane, therefore, becomes uneconomical for sugar mills.

India govt to offload 700,000 MT pulses from 1.8 MMT buffer stock.
Ram Gopal Yadav (9 years ago)

The government is likely to offload 700,000 tn pulses from its buffer stock in the coming days, of which 350,000 tn will be sold to state governments and rest is expected to be sold through open market sales scheme. Out of the 1.8 MMT buffer stock of pulses, government will sell 350,000 MT to these three (Gujarat, Karnataka, Tamil Nadu) states and (another) around 350,000 tn through open market sales scheme

Delhi sugar prices end quiet on some support.
Ram Gopal Yadav (9 years ago)

Sugar prices settled quiet at the wholesale market in the national capital on sporadic buying support amid adequate stocks availability. Besides scattered buying by stockists and retailers, sufficient position of stocks in the market, kept the sweetener’s prices unaltered.