Russia Sun oil production up 18% year on year 3190.5 KMT.

Ram Gopal Yadav (7 years ago)

357.2 KMT of vegoils were made in Russia in September, or 13.8% more than in August, but 1.8% less than in September 2016. Overall vegoil production in Russia gained 11.2% in 2017. The country produced 3975.4 KMT of vegoils for the first nine months of the current year. This gain was accounted for primarily by expanding sunoil production in Russia. It totaled 3190.5 KMT in the period under review that is up 17.6% year-on-year (2713 KMT was produced in January-September 2016).

Ukraine Rapeseed meal exports down 21% in July to September 2017/18

Ram Gopal Yadav (7 years ago)

Rapeseed meal exports from Ukraine totaled 21.3 KMT in September 2017 against 18.3 KMT in August 2017 and 23.3 KMT in September 2016. Overall, 42.8 KMT was supplied to foreign markets in July-September 2017/18, or 20.8% less than at the same time last year (54.1 KMT). The current season features active rapeseed exports (two and a half times more rapeseed was exported in the first three months of the season than a year ago). This affected rapeseed crushing and consequently reduced exportable stocks of rapeseed products, in particular rape meal. The traditional end markets shrink now, but the top importers remain unchanged: European countries and Israel 87% and 9% of total exports, respectively.

European Parliament environment committee voted to ban biofuels produced from palm oil

Ram Gopal Yadav (7 years ago)

None of the palm oil producing governments have yet made any statement in the European media about the EU plan to ban biofuels from palm oil. Members of the European Parliament environment committee voted on 23 October to ban biofuels produced from palm oil, as part of the revision of the Renewable Energy Directive. Malaysia Minister of Plantation Industries and Commodities stated clearly the EU approach was unacceptable and could lead to trade retaliation. In Brussels, calling for a ban on palm oil may be seen as a quaint pet project of a few MEPs. In Malaysia, it is seen as an existential threat to families and livelihoods.

India Soybean up 1%, shakes off losses from last session

Ram Gopal Yadav (7 years ago)

Futures contracts of items in the edible oil basket, barring mustard, rose on domestic exchanges due to firm demand in spot markets. Soybean closed nearly 1% higher on the National Commodity and Derivatives Exchange, shrugging off losses from previous session, owing to recovery in demand from crushing plants and a surge in exports of soymeal. Bargain buying after prices fell over 3% in the last two trading sessions pushed the prices higher. The decline in prices was due to a rise in arrivals in the spot markets. India’s soymeal exports during October were at 47,219 metric tonne, up 50% on year, data from Solvent Extractors.

Farmers in Andhra asked to take up groundnut sowing

Ram Gopal Yadav (7 years ago)

IMD’s Agrimet has advised farmers in Andhra Pradesh to take up sowing of groundnut in the ongoing rabi season. The department has suggested seed varieties like Dharani, Narayanai, K6, K7 and K8 Bold, Kadiri Amaravathi, Bheema, TCGS-1157 for groundnut sowing in the state.