Curbs have affected processors, exporters and paddy farmers, says SEA’s Chief Ajay JhunjhunwalaSince export is banned, rice bran processors in Eastern India are facing the prospect of shutting down their operations, adversely impacting the rice milling industry and reducing rice bran oil production | Photo Credit: Getty Images/iStockphotoThe Solvent Extractors’ Association of India (SEA) has …
Continue reading “SEA urges Centre not to extend ban on export of de-oiled ricebran”
The national weather agency predicts normal or below normal maxiumum temperature in MarchIn 2022, wheat production in India was severely affected due to high temperature weeks before the harvest |The wheat crop, which has been estimated at a record 112.02 million tonnes by the government, may be spared by nature this time easing concerns of …
Continue reading “Indian Meteorological Department has good news for wheat farmers”
JAKARTA: Malaysian palm oil futures closed lower on Friday on profit-taking and cautious trading ahead of a major industry conference in Kuala Lumpur next week, although the contract posted gains for the week. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was down 6 ringgit, or 0.15%, at 3,964 …
Continue reading “Palm posts weekly gain, market anticipates clues from industry conference”
The Buenos Aires grains exchange on Thursday left its forecasts unchanged for the 2023/24 corn and soybean harvest, halting a series of cuts in its estimates as recent rains provided relief to crops. The grains exchange kept at 52.5 million metric tons its forecast for the soybean harvest, while corn estimates remained at 56.5 million …
Continue reading “Buenos Aires exchange holds grains estimates as rains bring relief to crops”
SOYMEAL Basis/Fob vs CBOT:Argntna(46.5%):Mar+15/+10(Fob Seller 382.83$)Apr+11/+3(378.42)May NS/-5JJ NS/NBBrazil Plt(48%):Apr+17/+14(385.03)May+12/+8(379.52)JJ+6/+0(374.89)USA Gulf:1-15Apr+38(408.18)16-30Apr+25(393.85)May+20(388.34)+3JJ+20(390.32)+3
ARGN FOB SUNOIL:Mar/Apr Slr 815$/Byr 775-10
CBOT SOYOil share K: 40.46% prev 40.71% U$S/BRL: 4.95406 -0.01906U$S/ARS: 843.2382 +0.8902U$S/ARS (Blue Dollar): 1045 +15
ARGN FOB SOYOIL:A863$-1
साउथ अमेरिका की रिकॉर्ड सोया सप्लाई के असर से cbot फंड्स का शॉर्ट 5 साल का सबसे ज्यादा हुआ है। हालाकि इसी सप्ताह वायदे ने तीन साल का नया लो बनाने के बाद सोयाबीन और मील ने रिकवरी भी की है। वैसे साउथ अमेरिका की सप्लाई का प्रेशर बढ़ने का वक्त आ गया है।
*सप्लाई क्राइसिस से कल पेट्रो रिकवर हुआ है। *अमेरिका के एक इकोनॉमी एक्सपर्ट ने कहा है की इनफ्लेशन को काबू में रखने के लिए फेड बैंक को ब्याज हाई पर ही रखना जरूरी है।