Industry body sees 2017 Indonesia palm oil output up 3% at 36 million tonne.
Ram Gopal Yadav (9 years ago)

Indonesia is likely to produce 36 million tonne of palm oil this year, 3% higher than 35 million tonne last year, owing to better weather conditions. Weather is good this year as there is no El Nino, which led to dry weather conditions last year. Indonesia is the world’s largest producer of palm oil. During Jan-Jun, the country produced around 18 million tonne of the commodity. For Oct-Sep, palm oil production in Indonesia is seen flat. Increasing demand from key importing countries India and China is seen pushing Indonesia’s exports to 26 million tonne this year from 25 million tonne in 2016. During Jan-Jun, the country exported around 15 million tonne palm oil. India is the world’s largest importer of palm oil. In 2016, it had bought 5.7 million tonne of the commodity from Indonesia.

Farm panel member hints at further hike in edible oil import duty.
Ram Gopal Yadav (9 years ago)

The recent increase in the import duty on edible oils is insufficient and the government may soon raise the duty again to protect the interests of farmers. The government, on Aug 11, raised the import duty on crude palm oil to 15% from 7.5%, and that on crude soyoil to 17.5% from 12.5%. The import duty on refined palm oil was raised to 25% from 15%. The new structure increased the difference in duty between crude and refined palm oil to 10 percentage points from 7.5. Import duties were increased to stem the fall in local soybean prices that had dropped below the minimum support price, and were weighing on mustard prices as well. Despite the increase in import duties, soybean prices were still low, and there was a strong case for a further hike in import duty.

Statistics Canada pegged mustard output at 129,500 tonnes, down 45 percent as yield & acreage drop.
Ram Gopal Yadav (9 years ago)

Mustard production projected by Statistics Canada shows a decline of almost 50 percent from a year ago. Mustard is grown mainly in southern Saskatchewan and southern Alberta, two areas hit hardest by drought. That accounts for most of the steep production decline. A smaller crop this year and low carryover stocks could send mustard prices up. Canadian mustard production is estimated to come in at 129,500 tonnes, down from 235,600 tonnes a year ago, which is a decline of 45 percent year-to-year.

Brazil 2016/17 crop reached 238.7 million tons: 114 million tons of soybean.
Ram Gopal Yadav (9 years ago)

Projection is that Brazilian soybean production decline from 113.93 million tons of soybeans in the 2016-2017 harvest to 107 million tons in the 2017-2018 harvest. Brazil’s 2016/2017 crop is expected to reach 238.7 million tons which is 28% higher than the previous year, because of better climate conditions and improved productivity. This includes 114 million tons of soybeans and 97.71 million tons of corn.

Sterility mosaic infection spotted on tur in Karnataka.
Ram Gopal Yadav (9 years ago)

An outbreak of sterility mosaic infection has been spotted on the tur crop in some districts of Karnataka. The infection is caused by an insect attack and humid weather is conducive for its spread. Agrimet has advised farmers to uproot the infected plant and spray insecticide to control its spread. Karnataka is the second largest producer of tur in the country after Maharashtra. Farmers in the state have sown the crop over 878,000 ha as of Sep 7, down 26% from last year.

Tur dn in Kalaburagi as trade lean on GST confusion.
Ram Gopal Yadav (9 years ago)

Prices of tur in Kalaburagi, Karnataka, because of subdued trade due to confusion over the new amendment in the goods and services tax. Traders were uncertain about how branded and non-branded items distinguished for the purpose of determining the GST rate applicable.

Nagpur Gram and tur prices up on good buying support.
Ram Gopal Yadav (9 years ago)

Gram and tur prices firmed up again in Nagpur Agriculture Produce and Marketing Committee (APMC) here on good buying support from local millers amid weak supply from producing regions. Fresh rise on NCDEX, upward trend in Madhya Pradesh pulses and enquiries from South-based millers also jacked up prices.