Indore soybean up on low supply of quality crop.
Ram Gopal Yadav (8 years ago)

Soybean prices in Indore were up because of lower supply of quality crop due to end of season. There are worries of lower output due to infestation and limited availability of quality inventories with the farmers and stockists. Gains in the soybean contract on the CBOT are also seen supporting upside in the oilseed prices. The most active October futures were up 0.7%.

India Soybean meal exports up 86 per cent in August.
Ram Gopal Yadav (8 years ago)

India export of soybean meal and its other value-added products in August is 0.50 lakh tonne compared to 0.27 lakh tonne in August last year, showing an increase of 86% over the same period last year. On a financial year basis, the exports during April-August 2017 is 5.57 lakh tonne compared to 1.47 lakh tonne in the same period previous year, showing an increase of 280%. During the current oil year, (October – September), total exports during October 2016 to August 2017 is 17.35 lakh tonne against 3.75 lakh tonne during the same period last year, registering an increase of 362.13%.

Soyabean, mustard oil rise on stockists’ buying.
Ram Gopal Yadav (8 years ago)

Soyabean and mustard oil prices rose by up to Rs 150 per quintal at the wholesale oils and oilseeds market on stockists buying following uptick in demand from retailers against restricted supplies from producing belts. Traders said stockists buying, driven by pick-up in demand from retailers against restricted supplies from producing belts, mainly led to the rise in soyabean oil and mustard oil prices.

Rajasthan dry spell, pests hit kharif crop, soybean suffers most.
Ram Gopal Yadav (8 years ago)

Dry spells during monsoon have led to pest attack and undergrowth in kharif crops in the state Hadauti region. Hadauti region witonneessed deficient rains in this monsoon season whose brunt was faced by the farmers. Soybean crop, which is sown in 5.60 lakh hectares area in the region’s four districts Kota, Bundi, Baran and Jhalawar, is the worst affected kharif crop. Tobacco caterpillar, a typical soybean crop pest, has infested the crop.

EU countries increased soybean oil imports from Ukraine.
Ram Gopal Yadav (8 years ago)

Ukraine exported a total 15.2 KMT of soybean oil in July 2017 against 19.5 KMT a month earlier and 11.8 KMT in July 2016. Overall, in the eleven months of MY 2016/17, Ukrainian soybean oil exports hit an all-time high of over 163 KMT – this is up almost 15% from the same time last season (142 KMT). Apart from an expansion of the end markets for Ukrainian soybean oil, a change of leaders is observed in the 2016/17 season due to growing shipments to EU countries (40% of total exports) and falling ones to China (27%). The stable demand from India brought this country to the ranks of top importers: it gained a 17% export share. As a reminder, Bangladesh and Saudi Arabia not only started purchases of the Ukrainian product, but also got significant niches in the export structure, 4% each.

Kazakhstan 98% of sunmeal exports go to neighboring countries.
Ram Gopal Yadav (8 years ago)

Sunmeal exports from Kazakhstan totaled 1.1 KMT in July 2017 against 1.7 KMT in the previous month and 0.5 KMT in July 2016. In general, 2016/17 exportable stocks remained at last season’s level. The difference is that the shipments are more evenly distributed over the year. So, 23.6 KMT was exported for the eleven months of the current season against 23.4 KMT a year ago. The end market for Kazakh sunmeal is very narrow. Traditionally, its key importers include Uzbekistan (72% of total exports) and Tajikistan (26%). Iran accounts for 2% of exports, and it makes purchases irregularly.

Chana tad up in Delhi on demand from dal millers.
Ram Gopal Yadav (8 years ago)

Prices of chana rose slightly in Delhi because of demand from dal millers ahead of festivals. Gains were limited due to a rise in arrivals. Futures contracts of chana on the NCDEX were also up tracking gains in the spot market.

Delhi tur dal and Chana prices rise due to demand increases.
Ram Gopal Yadav (8 years ago)

Prices of gram and tur rose by up to Rs 200 per quintal at the wholesale market on pick-up in demand from retailers. Uptick in demand from retailers against restricted supplies from producing belts amid some enquiries from dal mills mainly helped gram and tur prices to trade higher.

Rajasthan Govt to purchase moong, peanuts under PSS.
Ram Gopal Yadav (8 years ago)

State government has decided that the purchase of moong and peanuts under the scheme of Price Support Scheme (PSS) this time. Purchase done through National Agriculture Cooperative Marketing Federation of India (NAFED). Under this scheme, there is a possibility that mandi tax removed by the state government. This tax is paid by the farmers to the state government and last year because of this tax, there were problems in purchase of peanuts in the state.

Tamil Nadu ahead of navarathri, prices of pulses go up.
Ram Gopal Yadav (8 years ago)

Rising prices of pulses ahead of Navarathri celebrations have hit the household budget of residents. Surprisingly, in a contrast to the usual scenario, prices of vegetables have decreased to about 20 per cent when compared to the previous month. The prices of Bengal gram, black gram and lentil gram have increased in the month of September, due to the rise in the demand. However, prices of the green gram and moong dhal remain the same.

Sugar down in Mumbai, Delhi as govt allows import.
Ram Gopal Yadav (8 years ago)

Prices of sugar continued to fall in key wholesale markets of India after the government allowed imports of sugar. The government allowed import of 300,000 tonne raw sugar at a basic customs duty of 25% under the tariff-rate quota for 60 days. Sugar imports currently attract a duty of 50%.