India’s oilseed sector is experiencing significant changes due to production estimates, trade dynamics, and global policies. The government predicts a record soybean output of 15.1 million tonnes for 2024-25, while industry estimates are lower at 12.6 million tonnes due to reduced sowing. The government has increased MSP procurement under the Price Support Scheme to stabilize…
India’s oil meal exports fell 12.39% to 39.33 lakh tonnes during April-February 2024-25, primarily due to declining demand for rapeseed meals and an oversupply of soybean meal globally. Rapeseed meal exports dropped 17.53%, while castor seed meal exports fell 21.44%. The de-oiled rice bran export ban since August 2023 further impacted domestic prices. Soybean meal…
India’s oil meal exports fell by 9.34% in April-January 2024-25, reaching 36.03 lakh tonnes, compared to 39.74 lt in the previous fiscal. The decline was mainly due to a sharp drop in rapeseed meal exports, which fell from 18.95 lt to 15.42 lt, and castor seed meal exports, which declined from 3.27 lt to 2.58…
The 2024/25 US oilseed production forecast is 131.2 million tons, slightly higher due to higher cottonseed production. Soybean supply and usage projections remain stable, while soybean oil production rises due to a higher extraction rate. Export projections for soybean oil are raised by 500 million pounds, reaching 1.1 billion pounds, supported by strong export commitments….
Soybean procurement under the Price Support Scheme (PSS) has been significantly lower, accounting for only 2.6% of the sanctioned 32.24 lakh tonnes (LT) as on November 18. Market prices are lower than the Minimum Support Price (MSP), reducing farmers’ incomes. Soybean procurement, as mentioned above, has been marginally slower, reaching only 2.6% of the sanctioned…
According to the agriculture ministry, India’s foodgrain production reached a record 332.22 million tonnes in the 2023-24 crop year, driven by strong wheat and rice production. The final estimate for 2023-24 shows an increase of 2.61 million tonnes from the previous year’s 329.6 million tonnes. Rice production reached a record 137.82 million tonnes, up from…
Food grain production in the nation is expected to be roughly 154.19 million tonnes during the kharif season and 155.12 million tonnes during the rabi season in 2023–2024, according to government estimates released on Thursday. The output of Kharif rice is projected to be 111.46 million tonnes, according to the Ministry of Agriculture and Farmers’…
The prediction for U.S. soybeans in 2023–2024 predicts lower ending stockpiles and slower exports as a result of weak shipments and intense competition with Brazil. In comparison to earlier projections, the soybean outlook for the 2023–2024 season in the United States points to a decline in soybean exports and a rise in ending stockpiles. In…
In order to guarantee sufficient supply of molasses for regional ethanol manufacturers, the government on Tuesday declared a 50% export charge on the commodity. Additionally, the import duties on edible oils were prolonged by an additional year. The current import levy on refined and crude edible oils, such as sunflower, soy, and palm, has been…
An all-time high of 13.14 million tonne (MT) of mustard seed is expected to be produced in the 2023–24 season thanks to record sowing this season, which will increase domestic edible oil supply. A reassessment of the import tariff relief for food oils such as palm, soybean, and sunflower may be required by this. The…
