Govt disposes of 7 lakh tonne pulses from buffer stock.

Ram Gopal Yadav (7 years ago)

The Centre has disposed of around 7 lakh tonne of pulses so far from a buffer stock of 20.50 lakh tonne. Around 7 lakh tonne of pulses including tur has been sold so far. The efforts are made in order to clear the old stock and create space for new crop.

US Soybean crop acreage down

Ram Gopal Yadav (7 years ago)

US acreage for soy in 2018 to fall 1% 89 million acres. US Soybean stocks beginning of March 2.107 billion bushels. USDA private sale of 266,500 MT of soybeans to unknown destinations for 17/18 delivery. Export Sales report showed just 317,511 MT in old crop sales. 69,717 MT for new crop sales. Soy meal sales 184,052 MT, with soy oil at 34,589 MT.

Soybean imports may hit record high this year

Ram Gopal Yadav (7 years ago)

The country’s soybean imports this year are likely to touch a record high of around 1 lakh tonne and this trend is expected to continue. India produced around 83-85 lakh tonne of soybean at the end of 2017, down from more than 110 lakh tonne a year ago. According to market sources, deals have been signed to buy up to 100,000 tonne of soybean mainly from Ethiopia and Benin in Africa. India has concessional import duty agreements with these countries. Deals have been reportedly signed at $410-520 a tonne for delivery to Indian ports.

Brazil’s soybean harvest has reached 71%.

Ram Gopal Yadav (7 years ago)

Brazil’s soybean harvest has reached 71% up six percentage points in the week and just short of last year’s figure of 74% at this time of the harvest. In the North/Northeast, the harvest of the 2017/18 harvest reached 25% in Bahia, 50% in Maranhao, 56% in Tocantins, 40% in Piaui, 27% in Para and 97% in Rondonia.