· BRAZIL SOY EXPORTS SEEN REACHING 13.71 MILLION TNS IN MARCH VERSUS 12.81 MILLION TNS FORECAST IN PREVIOUS WEEK – ANEC · BRAZIL SOYMEAL EXPORTS SEEN REACHING 2.21 MILLION TNS IN MARCH VERSUS 2.11 MILLION TNS FORECAST IN PREVIOUS WEEK – ANEC · BRAZIL CORN EXPORTS SEEN REACHING 146,571 TNS IN MARCH VERSUS UP TO …
Category Archives: Reports
India’s edible oil imports drop over 21% as palm oil shipments drop 27%
Meanwhile, soyabean oil imports from Argentina rose sharply, while those from Brazil declined due to domestic biofuel industry demand A 27 per cent decline in the import of palm oil led to over 21 per cent drop in edible oil during the first four months of the 2023-24 oil year (October-November). Data from the Solvent …
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Half of major Indian reservoirs at less than 40% of capacity
Storage drops for 23rd week in a row with the level in three-fourths of southern region perturbing The water level in half of India’s 150 major reservoirs is less than 40 per cent of the capacity with the storage in two-thirds being less than 50 per cent, as per data from the Central Water Commission …
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Groundwater depletion and reservoir levels pose a threat to Telangana’s paddy crop
Paddy farmers are unable to water the crop at a crucial stage, which could result in losing 15-20% of the output this season. The current crop is in the ‘panicle initiation to grain filling stage’ and requires three rounds of irrigation. Groundwater levels fell by 1.36 meters, and water storage levels in major reservoirs are …
Govt focussing on palm oil to achieve self sufficiency in edible oil, says Prime Minister Modi
India spends over $20 billion in foreign exchange to import cooking oils Prime Minister Narendra Modi has reiterated the Government’s commitment to move towards self-sufficiency in edible oils production and harped on the importance of oil palm cultivation in the north-east region. This comes amidst India importing 57 per cent of its edible oil demand …
Brazilian Farmers are Slow Sellers of Their Soybeans and Corn
Brazilian farmers have been slow sellers of their 2023/24 soybean crop due to low prices and disappointing yields. Farmers in Brazil had sold 33.8% of their 2023/24 soybean production as of March 1st according to the consulting firm Datagro. This represents an advance of only 2.2% from the prior month and it compares to an …
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China c.bank leaves key policy rate unchanged, as expected
SHANGHAI/SINGAPORE: China’s central bank left a key policy rate unchanged while withdrawing cash from a medium-term policy loan operation on Friday, as authorities continued to prioritise currency stability amid uncertainty over the timing of expected Federal Reserve interest rate cuts. The Fed’s historic monetary tightening has bolstered the dollar and pressured the yuan over the …
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Argentina’s 2023/24 soy prospects get boost from February rains
Argentina’s Rosario grains exchange bumped up its forecast for thecountry’s 2023/24 soy production by 500,000 metric tons on Wednesday, reflecting the positive impact from February’s ample rainfall. Argentina is one of the world’s top two exporters of soybean oil and meal, along with neighboring Brazil. In its monthly grains report, the exchange forecast soy production …
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Brazil soy, corn crop estimates widen further after weather woes
Benchmark industry estimates of top exporter Brazil’s soybean crop have deviated even further from each other this month following a season blemished by questionable weather. That same controversy may be brewing for the country’s corn crop, especially with unfavorable conditions potentially on tap for Brazil’s top production state. Less attention has been paid to the …
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