El Nino impact: Indian reservoir level drops for 31st week in a row

Storage drops to 27 per cent of capacity; Bihar’s sole dam and 6 others go dry According to the CWC’s weekly bulletin on live storage status of the 150 reservoirs in the country, the level in 117 of the storages was below 40 per cent of the capacity and lower than 50 in another 19. …

Soybeans in Rio Grande do Sul, Brazil Hurt by Flooding

As the soybean harvest in Brazil nears completion, the remaining concern is the situation in the state of Rio Grande do Sul. As outlined in the previous article, heavy rain inundated the state last week, prompting the governor to declare a state of emergency. Before the heavy rains moved in, the soybeans in the state …

CPO futures extend decline amid weaker edible soft oils

KUALA LUMPUR (May 9): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its decline on Thursday, weighed down by weaker edible soft oils and cautious trading ahead of April’s palm oil data on Friday. Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa said the decline reflects cautious positioning ahead of the …

PepsiCo India trialing oil blend to replace palm oil in Lay’s chips

The statement comes amid increasing criticism regarding the use of palm oil, a cheaper but considered unhealthy ingredient, in packaged foods across India. PepsiCo India also aims to decrease salt in its snacks to less than 1.3 milligrams of sodium per calorie by 2025. PepsiCo India began trials last year to replace palm oil and …

Vietnam soybean meal use on upswing

HANOI, VIETNAM — A recovering economy in Vietnam will see the country boost its consumption of soybean meal for feed use to 5.85 million tonnes during marketing year 2023-24, which would be 200,000 tonnes over the previous year, and up to a projected 6 million tonnes in 2024-25, according to a report from the Foreign …

Argentina grains exchange warns it may cut soybean crop estimate

BUENOS AIRES, May 9 (Reuters) – Argentina’s Buenos Aires grain exchange warned again on Thursday it may cut its forecast for the 2023/24 soybean crop, currently at 51 million metric tons, as warm weather and a lack of rain in the country’s north have led to lower-than-expected yields. Argentina, along with neighboring Brazil, is one …

Special Report: Dubai GLOBOIL keynotes-

*संदीप भान ने कहा कि अब पाम अपने फंडामेंटल्स पर ट्रेड करेगा। अभी भी मलेशिया में सीपीओ सप्लाई टाइट है। अभी klc 3800 से 4000 रिंगित में ट्रेड करेगा।*श्री सुधाकर देसाई ने कहा कि सोय्या तेल में और तेज़ी के पूरे हालात है । पाम के फंडामेंटल्स बड़ी मंदि को सपोर्ट नहीं करते।*श्री विपिन गुप्ता …