Global oilseed output seen lower; cotton output, ending stocks seen higher – USDA

The 2018/19 global oilseed outlook includes lower production, crush, and increased stocks compared to last month, the U.S. Department of Agriculture (USDA) said in its latest monthly report. Global oilseed production is down 0.2 million tons, with lower soybean production more than offsetting higher rapeseed and cottonseed, it said, adding that soybean production was reduced […]

Read more

India’s soybean output to increase by 38% this year on higher yields

India’s soybean output is likely to rise significantly by 38 per cent this year on a sharp increase in average yield across the country, following favourable climatic condition in major cultivating states including Madhya Pradesh, Maharashtra and Rajasthan. Data captured through the latest assessment of farmers, traders and other stakeholders by the apex industry body the Soybean Processors’ Association […]

Read more

NAFED and FCI Oilseeds, Pulses procurement at extreme slow pace

Food Corporation of India (FCI) and National Agricultural Cooperative Marketing Federation of India Ltd (NAFED), which have a target to procure 33 lakh tonnes of oilseeds and pulses under the Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA) in the 2018-19 marketing season ending March, have only been able to procure 3.75 lakh tonnes so far. […]

Read more

GoI to provide assistance worth Rs 3,000-5,000 per hectare to oilseed farmers

The government of India has decided to provide direct assistance to the oilseed farmers after failing to achieve last year’s oilseed target. The government is likely to provide assistance worth Rs 3,000-5,000 per hectare to cultivators who take up any oilseed crop as an inter-cropping model, so that the country’s dependence on imports of edible […]

Read more

India’s oilmeals exports jump 12% during April-Aug 2018; China to present more opportunity: SEA

India’s export of oilmeals during April to August 2018 is reported at 1,192,095 tonnes compared to 986,606 tonnes during the same period of last year, up by 21%, according to figures compiled by the Solvent Extractors’ Association of India (SEA). The ongoing trade dispute between USA and China has created a lot of uncertainty and […]

Read more

India’s soybean output may rise 20% in 2018-19; cotton output may decline this season

Soybean production in India is set to jump about 20% to over 10 million tonnes in the 2018/2019 crop year that starts in October, industry body Solvent Extractors’ Association of India (SEA) said. Higher production in the world’s top importer of edible oils could curb its appetite for cargoes from overseas, potentially dragging on international […]

Read more