Global soybean production and trade in 2021-22 (October-September) are seen at a record high because of rising demand for the oilseed, the International Grains Council said in a report. This is likely to lead to a spurt in international soybean prices. Global soybean prices have been rising since mid-2020 on robust demand from China, coupled […]
The International Grains Council (IGC) has raised the forecast for world total grains production, including upgrades for wheat and maize, in 2020/21 by 9 million tons month-on-month to 2.224 billion, an increase of 2% y/y (year-on-year). “Because of increased consumption, projected total grain carryover stocks at the end of 2020/21 are 2m t lower m/m, at […]
A leading farmers’ association in Maharashtra, Shetkari Sanghatana, has urged capital markets watchdog SEBI (Securities and Exchange Board of India) not to consider the demand of Soybean processors lobby to momentarily put a ban on the futures trading in soybean on NCDEX. Speaking with indoasiancommdoties, Anil Ghanwat, President of the Shetkari Sanghatana strongly maintained that the demand […]
Favourable weather and surging prices of palm oil are projected to drive world’s top producer Indonesia’s output and exports this year to a record 45.5 million tons during this marketing year, according to the US Food and Department of Agriculture (USFDA). “As the economy rebounds and social distancing and travel restrictions are eased, soybean and soybean meal […]
China’s soybean imports are forecast to reach a record 100 million metric tons in the current marketing year, up by 1 million tons from the previous year to meet feed demand for the livestock and poultry sectors, according to the U.S. Department of Agriculture (USDA) in a report. The production of soybean is forecast to be essentially […]
Leading agri-commodity bourse NCDEX is scheduled to launch futures trading in animal feed ‘Hi-pro soybean meal’ today on 17 February,2021. The futures contracts in Hi-pro soybean meal, expiring in the months of March to September will be available for trading at the time of the launch. The contract will have a trading and delivery unit […]
South America’s adversity has turned out to be India’s blessing. Because of planting delays and the rains that have disrupted soyabean plantation and delayed harvest in south American countries like Brazil and Argentina, Soybean meal exports from India rose nearly six fold to 3.36 lakh tonnes during January because of higher demand in global markets. […]
Brisk demand from China and tight supplies has propelled a 50% rise in US soybean prices since mid-August, according to the United States Department of Agriculture (USDA). After falling back a tad from late-November highs, prices in December continued to rise. Cash prices pushed past $13/bushel in early January in tandem with futures prices that rose […]
The total volume of iron ore dispatched to global destinations from Australia and Brazil was 29.7 million tonnes in December, the highest since June 2019, according to a survey from Mysteel. Iron ore shipments from ten Australian ports bound for global destinations hit 21.7 million tonnes, and the tonnage shipped from Brazil’s nine ports to reach […]
When the coronavirus broke upon us early this year, there were genuine worries that the protocol of lock downs would disrupt global food supply chains and spark widespread hunger. Thankfully, those concerns are now receding. Global supply chains are well supplied with staples like wheat, maize and rice, says a USAID report. While prices of rice are […]
