Category Archives: Reports

India Edible Oil: Mustard steady; groundnut up on quality arrivals

Informist, Tuesday, Feb 27, 2024 MUMBAI – Prices of mustard and soybean seeds were stable in Jaipur in Rajasthan and Indore in Madhya Pradesh, respectively, traders said. Prices of groundnut were up today in Gondal, Gujarat, they added.  “Prices were stable today. Less demand for new crops, which have high moisture content, is weighing on market prices,” Mahesh Sameriya, a Jaipur-based trader said. “High arrivals in …

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India Grain: Flat in key mkts; wheat prices may fall on high arrivals

Informist, Tuesday, Feb 27, 2024 MUMBAI – Prices of wheat, rice, and maize were steady today in key markets, traders said. However, arrivals of wheat rose while those of maize fell, they added. Prices of mill-quality WHEAT were steady today in Indore and Kota as the rise in arrivals was offset by firm demand, traders said. Prices of …

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2023/24 Argentina Soy Rating Unchanged at 31% Good/Excellent

Rainfall last week and over the weekend in Argentina favored Cordoba, Santa Fe, and Entre Rios. The moisture declined again in La Pampa and Buenos Aires. Rainfall this week will again favor northern Argentina with dryer weather forecasted for southern Argentina. Approximately one-third of the early planted soybeans are filling pods and 20% of the …

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US biofuel credit prices hit 3-year low, expected to stay weak, EIA says

NEW YORK, Feb 27 (Reuters) – U.S. biomass-based diesel and ethanol compliance credit prices have slumped to three-year lows on declining feedstock costs and are set to stay low as renewbale diesel output rises, the Energy Information Administration (EIA) said on Tuesday. The slump in prices for the credits, known as Renewable Identification Numbers (RINs), …

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Ahead of new OMSS policy, flour millers in the North oppose uniform pricing

It leads to inconsistencies burdening the food subsidy system, discouraging millers from purchasing at harvest A group of flour millers under the aegis of North Indian Flour Millers Federation (NIFMF) has urged the government to review the current uniform pricing policy under the Open Market Sale Scheme (OMSS) as it has affected market efficiency and …

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Soybeans extend rebound as Brazil crop outlook assessed

Chicago soybeans rose for a second session on Tuesday to recover from a three-year low as a reduced forecast of Brazil’s ongoing harvest lent some support, though ample world supplies kept a lid on prices. Corn was up slightly, paring gains after touching its highest in almost two weeks to also move away from a …

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La Nina has developed more often than El Nino since 1997-98, says Australian weather firm

But the pattern connected to long-term climate oscillation could change With various global weather models forecasting that La Nina will set in around June this year, an Australian weather firm says La Nina conditions, which will likely emerge in the second half of 2024, have developed more often than El Nino since 1997-98. But things …

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