Golden Agri-Resources Ltd. sees the company’s palm oil output remaining “flat” this year due to the delayed impact of El Niño in Indonesia, according to Richard Fung, director of investor relations.
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Brazil Soy Exports Seen Reaching 8.50 Million Tns In February
9:03#KLC+38(MAY3945)ECBOT:SOYOIL-0.17(MAY45.02),ML-0.3,SD-2.5CHINA:SOYOIL+30,ML+0,SD-14,RBD+58INR 82.88 RM 4.7630WTI 78.16 BRENT 81.99
INR 82.87-0.05EUR 1.08346POUND 1.26662JPY 149.786CHF 0.87857AUD 0.65128CNY 7.194Gold 2035.53Silver 22.477DOLLEX 103.86193M USD SOFR 5.341256M USD SOFR 5.286871Y USD SOFR 5.09332Range for the day: 82.80 – 83.00 The domestic currency open around 82.87 levels, sustaining it’s range bound trade ahead of India’s GDP data release due today. On the other hand, the data released yesterday indicated …
India Edible Oil: Mustard up on improving demand; groundnut down
Informist, Wednesday, Feb 28, 2024 MUMBAI – Prices of mustard seed rose today in Jaipur, Rajasthan, while those of soybean were steady in Indore, Madhya Pradesh, traders said. Prices of groundnut were down in Gondal, Gujarat, they added. “Mustard demand from oil millers is improving but not at a great pace. They are buying cautiously,” Mahesh Sameriya, Jaipur-based trader, said. “This improvement of 50–100 …
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India Sugar: Up in north, flat in Maharashtra as demand matches supply
Informist, Wednesday, Feb 28, 2024 MUMBAI – Ex-mill prices of sugar were quoted higher in key markets of Uttar Pradesh today, while these were steady in Maharashtra as demand was balanced with supply, said traders. Some mills in west and central Uttar Pradesh have quoted sugar prices higher by 10-20 rupees per 100 kg for March, said Naresh …
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India Grain: Wheat rises marginally on firm demand; maize flat
Informist, Wednesday, Feb 28, 2024 MUMBAI – Wheat prices rose marginally in key markets today because of high demand from traders, market participants said. Maize prices were steady on muted demand. In Indore, Madhya Pradesh, prices of WHEAT were 2,200-2,450 rupees per 100 kg, up 50 rupees from 2,200-2,400 rupees on the previous day, said Jitendra Panwar, a local trader. Wheat …
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Farmers protest: No plan for immediate talks, Munda says
Farmers likely to announce their next course of action tomorrow Union Agriculture Minister Arjun Munda said there is no immediate plan to resume the dialogue with protesting farmers, who are set to announce their next course of action on Thursday. Talks between the Centre and farmers ended inconclusive after four rounds. However, the Minister said …
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FCI sells 465,000 tn wheat today, total sales in 2023-24 top 9 mln tn
Informist, Wednesday, Feb 28, 2024 NEW DELHI – Food Corp of India today sold 465,000 tn of wheat under the Open Market Sales Scheme through its weekly electronic auctions, data accessed from the corporation showed. With this, total sales in 2023-24 (Apr-Mar) stand at a record 9.41 mln tn as of today, the data showed. At its …
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USDA January soy crush estimated at 196.6 million bushels
The U.S. soybean crush likely fell in January to 5.897 million short tons, or 196.6 million bushels, as extreme winter weather impeded operations at some facilities, according to analysts surveyed by Reuters ahead of a monthly U.S. Department of Agriculture (USDA) report. If the estimate, gathered from eight analysts, is realized, it would be down …
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