Due to consistently low palm oil imports, India’s vegetable oil stocks reached a three-year low of 1.67 million metric tons in April. The Solvent Extractors’ Association of India reported that palm oil imports rose slightly to 424,599 tons in March but remained below the average of over 750,000 tons. This reduced availability may prompt India…
The amount of palm oil imported into India in September increased to its highest level in a year, thanks to strong demand for the tropical oil ahead of the festival season and a significant price discount over other oils, according to six dealers on Tuesday. The benchmark Malaysian palm oil prices, which have almost halved…
The recent policies of the government affecting the pulses sector are betraying New Delhi’s chaotic thinking and knee-jerk reaction. First, as part of the agricultural market reform package, the government placed lentils outside the ambit of the law to intimidate other essential commodities such as oilseeds. The move sought to justify the removal of stock…
Changes in duty structures made by both Indonesia and India this week should provide a boost to demand in Palmyra, and have arrived “at the right moment,” easing concerns about oversupply in the second half of the year, according to market participants. The Indonesian government has announced a reduction in the ceiling rate on its…
Chicago corn futures fell 1.5% on Monday as rains eased traders’ worries about limited global distribution and put pressure on prices. Soybeans fell 1%, while strong Chinese demand saw lower losses, while wheat was lower. Tobin Corey, director of the Commonwealth Bank’s agricultural strategy, said: “Weekend rains in arid regions will reduce crop stress for…
The U .S. Biofuels Act so the Corn, Soydrop, Soy oil down for the Concerns about the need for fuel fodder fell by the daily trade limit last Friday. U.S. Forecasters forecast increased crop yields in some parts of the Midwestern and Northern Plains. The U.S. Environmental Protection Agency says it is considering ways to…
