Centre-South Brazil Jul 16-31 sugar output 3.4 million tonne, up 9.5% on year.
Ram Gopal Yadav (8 years ago)

Mills in Brazil Centre-South region produced 3.41 million tonne sugar in the second fortonneight of July, up 9.5% from 3.12 million tonne in the year ago period. Centre-South Brazil accounts for over 90% of the country’s total sugar output and mills in the region crushed 50.74 million tonne cane during Jul 16-31, up 2.6% on year. Between Apr 1 and Jul 31, mills have crushed 297.33 million tonne cane, down 4.7% on year. During the same period, they produced 17.57 million tonne sugar, up 3.5% on year. The Centre-South region also produced 11.57 billion ltr of ethanol during the period, compared with 12.88 billion ltr a year ago. Of the total cane crushed, around 48.4% was used for sugar production, while 51.6% was used to make ethanol.

Egypt has contracted to buy 850,000 T of sugar this year.
Ram Gopal Yadav (8 years ago)

Egypt has contracts to buy 850,000 tonnes of sugar so far, this year, covering the nation needs through January. Egypt typically consumes about 3 million tonnes of sugar a year but produces a little more than 2 million tonnes. The gap is filled by government and private imports, usually purchased between July and October. Egypt state buyer ESIIC is set to hold a purchase tender for 50,000 tonnes of raw sugar for November arrival.

Indore soybean up as govt hikes soy oil import duty.
Ram Gopal Yadav (8 years ago)

Prices of soybean in the key wholesale market of Indore rose as the government raised import duty on crude soy oil to 17.5% from 12.5%. A higher duty may discourage imports. Firm demand for soymeal and soy oil is seen pushing prices higher. Arrivals in Indore were steady.

India Soybean, mustard down; CPO gains on import duty hike.
Ram Gopal Yadav (8 years ago)

Futures contracts in the edible oil basket, barring crude palm oil, traded lower on domestic exchanges. Soybean futures on NCDEX ended 0.4% lower. Higher imports of edible oil in the country also dragged down prices of the oilseeds. Refined soy oil contracts on NCDEX traded 0.84% lower due to ample stocks in the country. Crude palm oil traded higher due to pick up in demand in wholesale markets. Futures contracts of crude palm oil on the Malaysian bourse ended down after India doubled import duty on crude palm oil to 15%.

SEA urges govt to hike import duty on mustard, sunflower oil.
Ram Gopal Yadav (8 years ago)

The Solvent Extractors Association of India has urged the government to raise the import duty on crude sunflower and mustard oil from the current 12.5% to 17.5%, in line with crude soybean oil. The association has requested the government to further increase the import duty on refined soybean, sunflower and mustard seed oil to 25% from the current 20%, in line with the refined, bleached and de-odorised palmolein. The SEA has also urged the government to further increase the duty to discourage import of refined oils and to support domestic refining industry and improve the capacity utilisation in the country.