Malaysia CPO ends higher tracking CBOT soyoil gains

Ram Gopal Yadav (7 years ago)

Futures contracts of crude palm oil on the Bursa Malaysia Derivatives ended higher, taking cues from soyoil contracts on the CBOT. The most active January contract of crude palm oil on the Malaysian bourse ended at 2,822 ringgits (43,391.34 rupees) per metric tonne, up 1.3% from the previous close.

Mustard seed prices up in Jaipur on strong demand

Ram Gopal Yadav (7 years ago)

Mustard seed prices rose in Jaipur, Rajasthan, due to strong demand from domestic oil millers and crushers. Arrivals are insufficient to meet the rising demand, and this supported prices. Delayed sowing in key growing areas due to adverse weather conditions further supported mustard seed prices.

Romania is the top EU rapeseed exporter in 2016/17

Ram Gopal Yadav (7 years ago)

2017/18 harvest results, the European Commission upwardly revised EU rape plantings against its preliminary estimates published in the spring. October’s estimate equals 6780 Th ha against 6620 Th ha expected in April 2017 (up 4% from the five-year average). Only the 2010/11 season wimetric tonneessed a larger area (7000 Th ha). Rapeseed purchases by the EU from third countries hit an all-time high of 4.7 MMT in the 2016/17 season. Romania continues building up its presence in rapeseed supplies both within the EU and to external markets. On this way the country relies on further expansion of planted acreage and increasing own production.

Brazil soybean planting progress jumps to 43%

Ram Gopal Yadav (7 years ago)

Planting of Brazilian soybeans jumped to 43% of the estimated area since November 2, which is an increase of 13 percentage points compared with 30% in the previous week. Rainfall in the center west region of Brazil allowed planting to get completed faster. However, the Brazilian crop is still considered late. Sowing registered in the same period last year was 53%.

Oilseeds edge higher ahead of USDA report

Ram Gopal Yadav (7 years ago)

Soy oil rose 0.8 percent even as crude oil dipped for the first time since the November 01. Soy farmers have finished harvesting 90 percent of the soybean crop, almost matching the five-year average pace of 91 percent. US Most-traded January canola closed at $520.10 per tonne, up $1.20

NCDEX Soybean Nov futures close with gains

Ram Gopal Yadav (7 years ago)

NCDEX Soybean Nov futures close with gains as improved meal exports. India’s soymeal exports during October were at 47,219 metric tonne, up 50% from a year ago. total exports of soyoil meal in the first seven months of the fiscal started April is almost 5 times higher to 5.37 lakh tons compared to 1.07 lakh tons last year. However, soybean is traded at 5 months low prices pressurize by new season arrivals. Last week the prices have improved due to reports that government may hike import duty on edible oil