Paddy sowing up 8%, oilseeds and pulses coverage increase The sowing under summer crops, which will end by May, has reached 39.44 lakh hectares (lh) as of Friday. This is 7.3 per cent more than the previous year as the zaid season is progressing well despite low reservoir levels in many States.
Category Archives: Reports
Farmers in Mato Grosso are Slow Sellers of Soybean and Corn Crops
Farmers in Mato Grosso continue to be slow sellers of their 2023/24 soybean and corn crops. As of the end of February, producers have sold 46% of their anticipated 2023/24 soybean production according to the Mato Grosso Institute of Agricultural Economics (Imea). This represents an advance of 5.7% from the prior month. Farmers have only …
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CPO futures to trade at current levels with upside bias next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade at current levels with an upside bias next week. Palm oil trader David Ng said the low stock level as well as the weaker-than-expected production pace could support the strong sentiment. “Therefore, we expect the price to trade …
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Foreign workers are already getting minimum salary-MPOB
Malaysian Palm Oil Board (MPOB) director-general Dr Ahmad Parveez Ghulam Kadir said foreign workers in the country have consistently been getting similar minimum wages as locals. STR/AZHAR RAMLI KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) is of the opinion that aligning minimum wages for foreign workers as wished by the Indonesian government poses no …
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Palm oil eases but logs fourth weekly gain
Malaysian palm oil futures were largely unchanged onFriday, but logged a fourth straight weekly gain on concerns over extreme weather conditions affecting yields. The benchmark palm oil contract FCPOc3 for May delivery on the Bursa Malaysia Derivatives Exchange ended down 2ringgit, or 0.05%, at4,293 ringgit ($913.02). The contract gained4.86% for the week, its highest weekly …
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Soil moisture for Argentina s soybean crop improves after rains
The percentage of Argentine soybean plantings with optimal-to-excellent soil moisture grew to 77% in the last week, boosted by recent rains, the Buenos Aires Grains Exchange said on Thursday. Argentina is one of the world’s top exporters of processed soybeans, and the exchange estimates the 2023/24 harvest at 52.5 million metric tons. In the nation’s …
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