Soybeans: Net sales of 279,400 MT for 2023/2024 were up 5 percent from the previous week, but down 15 percent from the prior 4-week average. Increases primarily for Japan (73,500 MT, including 50,000 MT switched from unknown destinations and decreases of 100 MT), unknown destinations (70,700 MT), Egypt (55,000 MT), Costa Rica (31,500 MT), and …
Category Archives: Reports
NAFED/HAFED PROCUREMENT MUSTARD UPTO 21 MAY
Rajasthan- 3.21 LMTHaryana- 3.25 LMTMP- 3.33 LMTGUJRAT- 1.00 LMTUP- 0.35 LMTHAFED (HAFED ACCOUNT) – 7.74 LMTTOTAL FRESH PROCUREMENT : 18.88 LMTOLD STOCK :- 7.5 LMTTOTAL STOCK OLD + NEW :-26.38 LMT
Indonesia April Palm Oil Exports Fall 0.008% M/m: Intertek
Indonesia’s palm oil exports fell 0.008% m/m in April, according to Intertek Testing Services.
China buys US soybeans as Brazilian prices firm
Chinese importers are believed to have purchased at least two shipments of soybeans from the United States in the past few days, grain traders in Europe and the U.S. told Reuters on Tuesday. The precise volume was unclear. One European trader said two shipments each of about 65,000 metric tons were bought for July shipment. A second …
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Coconut Development Board urged to prevent adulteration in coconut oil
COMA President emphasized the need for keeping quality standards in coconut oil production and requested the support of the Board in preventing adulteration of coconut oil To facilitate interaction with major stakeholders on quality management and food safety standards, Coconut Development Board organized one day seminar on prospects and challenges in the coconut oil sector.
Maharashtra sugar mills halt production after record output
Industry urges Centre to lift ban on export and curbs on ethanol production for next season All the 207 sugar mills in Maharashtra that commenced crushing operations in the 2023-24 season have halted production, collectively producing 11.02 million tonnes (mt) of sugar — an increase of 0.49 mt compared with the previous season. Industry players …
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Rapeseed processing in Ukraine to remain high in the 2024/25 MY
According to the updated forecast of APK-Inform Agency, in 2024/25 MY Ukraine may process about 750-800 thsd tonnes of rapeseed, down 20-23% compared with 2023/24 MY. The decrease in processing compared to the previous season may be due to the lower harvest of the oilseed in 2024 in Ukraine and increased competition between the plants …
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2023/24 Argentina Soybeans 63.7% Harvested
Soybeans in Argentina were 63.7% harvested as of late last week. This represents an advance of 15.8% for the week. In the core production areas, the soybeans are 80-85% harvested with 30-50% harvested in southern Argentina and 35% harvested in far northern Argentina. The early planted soybeans are 71% harvested and the later planted soybeans …
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US Fed rate meeting minutes show growing inflation concerns
WASHINGTON, May 23 — A strong US economy and an uptick in inflation led the Federal Reserve’s rate-setting committee to conclude that progress against rising prices had stalled, according to minutes of its most recent meeting published Wednesday. Fed policymakers voted to hold rates at a 23-year high after the rate-setting meeting concluded on May …
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Palm rises on weaker Malaysian ringgit, demand hopes
MUMBAI: Malaysian palm oil futures rose on Thursday due to weakness in the Malaysian ringgit and expectations of improved demand as the tropical oil started trading at a discount to rival soft oils. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed up 24 ringgit, or 0.62%, at 3,892 …
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