India’s soyameal exports increase by 51% during FY 2020-21

According to data compiled by the Solvent Extractors’ Association (SEA), Export of oilmeals increased 51% during 2020-21 with the value of export almost doubling during the period. Altogether oilmeals export was provisionally pegged at 36.80 lakh tonnes in April-March 2020-21 in comparison with 24.33 lakh tonnes during the same period last year, registering a growth of 51.21%.  The overall earnings increased from Rs […]

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Madhya Pradesh allows sale of soyabean seed outside state on pressure from Maharashtra

Madhya Pradesh, which had imposed restrictions on the sale of soyabean seeds outside the state, has revoked its order following protests by the Maharashtra government. The Maharashtra government had lodged a complaint directly with the Centre against the ban. Dilip Zende, director, quality control, Department of Agriculture, Maharashtra, told Financial Express that the order by […]

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Crop arrivals to mandis rise after Supreme Court stays the three farm laws

Arrivals of several crops in the organised mandis have picked up ever since the Supreme Court stayed the implementation of the three contentious farm laws on 12 January, 2021, according to official data on the Union agriculture ministry’s Agmarknet portal. Of the ten major kharif crops, mandis have seen increased arrivals in five crops – […]

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India sees robust export demand for its soya meal; non-GM soya exports to the US command a premium

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The United States Department of Agriculture (USDA) has reduced India’s soyabean crop estimate to 90 lakh tonnes versus earlier estimate of 114 lakh tonnes. Lowering of India’s soya bean production estimate by nearly 20 per cent had added fuel to the bullish sentiments and a bullish year for soya bean is expected during the greater […]

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Soybean oil processors urge Indian government to ensure smooth supply of hexane

The Soybean Processors Association of India (SOPA) has urged the petroleum ministry to ensure smooth and uninterrupted supply of hexane to soya processors. DN Pathak, executive director of SOPA, said the association has been informed by many of its members that they are not getting adequate supply of hexane in a letter to Tarun Kapoor, […]

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National Stock Exchange to launch its first agricultural commodity futures contract from 1 December, 2020

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Leading stock exchange NSE said it will launch its first agricultural commodity futures contract for crude degummed soybean oil on December 1. The contract will facilitate the soybean oils processing and allied industries in India and overseas, a perfect hedging tool for managing their price, the National Stock Exchange (NSE) said in a statement. The […]

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India shows a sharp decline in soyabean production; exports might take a hit

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Decline in the production of soyabean during October 2019-September 2020 has resulted in limited availability of seeds for crushing and lower soyameal production during the year, if the estimates by Soybean Processors Association of India (SOPA) are any indication. The production of soyabean meal also came down by 13 per cent to 65.71 lakh tonnes […]

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