India Sugar poor demand drags down sugar prices in north India.
Ram Gopal Yadav (9 years ago)

Prices of sugar fell in the key wholesale markets of north India due to sluggish demand from bulk buyers. Mills are quoting lower prices to trigger demand as crushing is expected to start earlier than usual in 2017-18 (Oct-Sep) and so they want to clear their stocks and book profits. Prices of the sweetener remained steady in the key wholesale markets of Maharashtra today amid thin trade.

India Sugar tad up in north India due to buying at lower prices.
Ram Gopal Yadav (9 years ago)

Prices of sugar rose slightly in the key wholesale markets of north India as demand increased at lower price levels. Sugar prices have remained low for many days now, so, we witonneessed some rise in demand at lower prices. Prices of the sweetener were, however, largely unchanged in the key wholesale markets of Maharashtra due to lacklustre trade.

Maharashtra sugar mills sought cos seek damages for loss on early crush.
Ram Gopal Yadav (9 years ago)

Private sugar mills in Maharashtra have sought compensation of 500 rupees per tonne from the central government for the likely losses they would incur due to lower sugar recovery rate because of early crushing of sugarcane. The Centre has asked millers across the country to begin cane crushing operations for the 2017-18 (Oct-Sep) season early in October, in a bid to tide over likely shortages during the festival season. Mills typically begin crushing cane in November, when the sugar recovery rate is 10-11%, but in October, the recovery rate is lower at 8.5-9.0%. An early start to the season in the month of October would lead to 1.5% to 2% recovery losses to individual mills.

NCDEX mustard rises on firm trend in soy oil prices.
Ram Gopal Yadav (9 years ago)

Futures contracts of mustard rose on NCDEX because of firm trend in prices of its substitute, soy oil. Most active October futures contract of mustard on NCDEX ended up 0.8% from previous close. Soy oil and mustard oil prices moves in tandem as, both are used as vegetable oil. Soy oil prices are rising on expectations of lower soybean output in key growing areas of Maharashtra and Madhya Pradesh due to deficient rainfall.

Soybean prices up in Indore on crop damage concerns.
Ram Gopal Yadav (9 years ago)

Prices of soybean in the key wholesale market of Indore, Madhya Pradesh rose because of concerns over crop damage due to pest attack. Incidents of white grub, semi-looper caterpillar, girdle beetle and white fly attacks have been reported in key growing areas of Madhya Pradesh and Maharashtra.

Soybean Futures Climb on Export Strength.
Ram Gopal Yadav (9 years ago)

Soybean futures rose on higher-than-expected export sales and renewed concerns about a rain shortage. Soybean futures for September rose 0.9% to $9.30 1/4 a bushel at the Chicago Board of Trade.

U.S. soybean export sales build as China buying accelerates.
Ram Gopal Yadav (9 years ago)

U.S. soybean export sales have been languishing for much of the summer following a record-shattering Brazilian crop, but demand for U.S. shipments is gathering pace, led by renewed demand from top importer China. Export sales last week handily topped trade expectations, surging to the second-highest level so far this year, and sales to China exceeded the previous three weeks combined. Chinese importers are now turning to U.S. shipments that are priced at least $12 per ton below cargoes loaded at Brazil’s Paranagua port for September through November shipment.

Russian soybean oil output exceeded 0.5 MMT.
Ram Gopal Yadav (9 years ago)

Soybean crushing in Russia is on the rise in the latter half of the 2016/17 season. Soybean oil production gained almost 2% in June against May and reached 63.3 KMT. soybean oil output reached 547.6 KMT in the period under review that is 3.6% more than at the same time in the past 2015/16 season (528.5 KMT). Soybean oil accounts for over 11% of total vegoil production.