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Food prices are expected to stay elevated even if the grain deal is restored by some miraculous development, because the Odesa port will be out of operation for a while
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The country had imported 5.55 lakh tonnes of soyabean during the 2021-22 season (October-September)
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Presently, the US -- one of the world's major producers and exporters of soyabean -- is exporting annually about 15,000 tonnes of soya isolate protein, a major ingredient used in value-added products in India.
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At the meeting, Chief Minister Shivraj Singh Chouhan discussed to take the soybean produce to China which is facing a shortfall of 11.5 million tonnes following trade tension with the US.
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According to Angel Commodities,Soybean futures are expected to trade on sideways to down on reports of new season arrivals coupled with improved physical demand from oil mill.
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The country had shipped 1,20,059 tonnes of oilmeal -- used as an animal feed -- in November last year.
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The export stood at 42,104 tonnes in the year-ago period, Soyabean Processors' Association of India said in a statement.
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Soyabean has also seen a price hike by 25 percent due to flooding in Argentina and a dry weather in Brazil. Corn is another crop that can be impacted due to this.
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The country imports about 80 lakh tonnes of urea annually to meet the domestic demand. Indian Potash (IPL), MMTC and STC are the three authorised trading agencies for urea imports.
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According to Ajay Jain, CEO at astrmoneyguru.com, 15 percent gain is expected from Diwali 2015 to 2016 and recommends infrastructure, oil & gas, metals, banking, media, pharma, hotels, cement and paints stocks.
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Marathwada, Latur in particular, has seen 52-55 percent deficient rainfall this season and official records suggest that crop productivity has fallen over 50 percent.
CNBC-TV18's Archana Shukla reports about the situation from Latur district in Aurangabad.
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The drought-like situation in agricultural India has impacted the farming community. But none more so that the soyabean farmers in areas like Latur.
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India`s Soya meal exports have been hit by thin Soyabean supplies in the spot market. India`s Soya meal exports dropped for a third straight month in February ...
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India`s Soya meal exports have been hit by thin Soyabean supplies in the spot market. India`s Soya meal exports dropped for a third straight month in February ...
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Soybean spot prices have increased in major markets in India. This is attracting farmers to bring in large supplies into the local market. Indian soybean futur ...
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Traders trimmed their Brazilian Soybean crop estimates due to drought. Momentum for Soya complex to move higher is from unfavorable weather in Brazil and Argen ...
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The United States Agriculture Department pegged 2014-15 US Soybean acreage at a record 79.5 million, 3 million acres above expectations but below market foreca ...
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Soybean futures ended up on firm cues from the international market and could extend gains in the next session on slack soybean supplies in the local market. T ...
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Soya futures ended up tracking sentiments in international markets. Chicago Soybeans were firm and hit a seven-week high on expectations that the US government ...
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India`s Soy meal exports in January fell 41.29 percent to 364443 tonnes over same period a year ago on lower soybean arrivals, according to Soybean Processors ...
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India`s soya meal exports in January fell 41.29 percent to 364443 tonnes over same period a year ago on lower soybean arrivals, according to Soybean Processors ...
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Indian Soyabean production is now being estimated at 10 million tons compared to 11 in 2012-13 down by 9%. Weather concern in MP state during Aug and Sep 2013 ...
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Soyabean futures dropped following weak cues from soybean futures in the United States, where they are expecting a bumper South American crop. Prospects of hig ...
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Indian Soybean and soya oil futures edged higher on a weaker Rupee and as edible oil prices rose overseas. Depreciating Rupee and gains in overseas markets are ...
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Indian soybean and soyoil futures fell, on a strong rupee, a drop in overseas edible oil prices and sluggish demand in local spot markets. A stronger rupee mak ...
