India’s monsoon is likely to be a robust and healthy one this year provided there isn’t a surprise El Nino phenomenon, India Meteorological Department (IMD) said. Monsoon rains, the lifeblood for India’s farm-dependent $2.6 trillion economy, arrive on the southern tip of Kerala state around June 1 and retreat from the desert state of Rajasthan […]
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 […]
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 […]
The USDA has tightened the domestic balance sheets for soybeans and corn in the first major set of numbers since the US government shutdown. Corn ending stocks were down slightly from December with a lower 2018 production total and reduced expectations for ethanol use, while soybeans were also modestly lower on a smaller crop and […]
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. […]
World total grains (wheat and coarse grains) production is expected to decline by 1% in 2018/19, to a three-year low of 2,081m t, the International Grains Council (IGC) said in its latest monthly report, adding that a better maize harvest (+26m t y/y) is seen being outweighed by falls for other crops, especially wheat (-38m) […]
The Soybean Processors Association of India (SOPA), in its first survey of soybean crop for the season of 2018-19, has estimated the total area under soybean for 2018 at 108.396 lakh hectare, an increase of 6.7 percent or 6.83 lakh hectare as compared to previous year. The estimated total production of soybean crop for all India […]
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 […]
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 […]
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 […]