Natl Bulk Handling sees Kharif soy crop seen 10.5 mln tn, down 26%

Ram Gopal Yadav (7 years ago)

Oilseeds have been the worst hit crop in the current kharif season. Occurrence of heavy rains in the initial sowing stages and moisture stressed situation in the later stages has led to significant decline in production. Production of soybean is seen declining to 10.5 mln tn from 14.2 mln tn. Groundnut production is seen falling 9.9% on year to 5.9 mln tn. The first estimate in September had pegged output for the oilseed lower at 5.7 mln tn.

Malaysia CPO ends 2% up on firm exports Dec 1-25.

Ram Gopal Yadav (7 years ago)

Futures contracts of crude palm oil on the Bursa Malaysia Derivatives ended over 2% higher due to a month-on-month rise in the country’s palm oil exports during Dec 1-25. Cargo surveyor Intertek Agri Services today estimated Malaysia’s palm oil exports between Dec 1 and Dec 25 at 1.09 mln tn, up 1% on month. The most-active March contract of crude palm oil on the Malaysian bourse closed at 2,504 ringgits (39,299.35 rupees) per tn, up 2.2% from the previous close. A weak ringgit against the dollar further supported crude palm oil prices on the Malaysian bourse. Weakness in the Malaysian currency makes crude palm oil attractive for overseas buyers.

Oilseeds have been the worst hit crop in the current kharif season

Ram Gopal Yadav (7 years ago)

Occurrence of heavy rains in the initial sowing stages and moisture stressed situation in the later stages has led to significant decline in production. Production of soybean is seen declining to 10.5 mln tn from 14.2 mln tn. Groundnut production is seen falling 9.9% on year to 5.9 mln tn. The first estimate in September had pegged output for the oilseed lower at 5.7 mln tn.