Tuesday, June 30, 2009

satta bhav

Hapur (Closed)
MUSTSEEDJul 09510.25-0.250.000.00510.50511.00512.00510.250Jun 30 16:04
KLCE (Closed)
CPOJul 092,245.00-30.000.000.002,275.002,300.002,868.002,180.00463Jun 30 15:32
CPOAug 092,225.00-45.000.000.002,270.002,297.002,747.002,156.002,256Jun 30 15:32
CPOSep 092,230.00-32.000.000.002,262.002,292.002,789.001,658.009,971Jun 30 15:32
CPOOct 092,229.00-33.000.000.002,262.002,290.002,648.002,156.001,112Jun 30 15:32
CPONov 092,230.00-30.000.000.002,260.002,384.002,384.001,472.0021Jun 30 15:32
NBOT (Closed)
SOYOILJun 090.00-476.300.000.00476.30485.50488.000.000Jun 30 17:04
SOYOILJul 09477.20-3.200.000.00480.40481.00482.00477.000Jun 30 17:04
Sirsa (Closed)
MUSTSEEDJul 09496.750.250.000.00496.50498.50498.50496.000Jun 30 16:04

satta bhav

Hapur (Open)
MUSTSEEDJul 09510.40-0.10510.40510.50510.50511.00511.60510.250Jun 30 16:01
KLCE (Closed)
CPOJul 092,245.00-30.000.000.002,275.002,300.002,868.002,180.00463Jun 30 15:32
CPOAug 092,225.00-45.000.000.002,270.002,297.002,747.002,156.002,256Jun 30 15:32
CPOSep 092,230.00-32.000.000.002,262.002,292.002,789.001,658.009,971Jun 30 15:32
CPOOct 092,229.00-33.000.000.002,262.002,290.002,648.002,156.001,112Jun 30 15:32
CPONov 092,230.00-30.000.000.002,260.002,384.002,384.001,472.0021Jun 30 15:32
NBOT (Open)
SOYOILJun 090.00-476.300.000.00476.30485.50488.000.000Jun 30 16:00
SOYOILJul 09478.70-1.70478.60478.80480.40481.00482.00478.600Jun 30 16:00
Sirsa (Open)
MUSTSEEDJul 09496.00-0.50495.90496.10496.50498.50498.50496.000Jun 30 16:01

satta bhav

Hapur (Open)
MUSTSEEDJul 09510.50510.5510.6510.50511.00511.60510.250Jun 30 15:15
KLCE (Open)
CPOJul 092230-45224622502,275.002,300.002,868.002,180.00400Jun 30 15:23
CPOAug 092235-35223422352,270.002,297.002,747.002,156.001985Jun 30 15:23
CPOSep 092232-30223122322,262.002,292.002,789.001,658.009462Jun 30 15:23
CPOOct 092235-27223422362,262.002,290.002,648.002,156.001106Jun 30 15:23
CPONov 092210-50223022652,260.002,384.002,384.001,472.0020Jun 30 15:23
NBOT (Open)
SOYOILJun 090.00-476.300.000.00476.30485.50488.000.000Jun 30 15:20
SOYOILJul 09479.2-1.2479.1479.3480.40481.00482.00478.600Jun 30 15:20
Sirsa (Open)
MUSTSEEDJul 09496.00-0.50495.90496.10496.50498.50498.50496.000Jun 30 15:15

Delay in rainfall may cause shifting to short-cycle crops

Press Trust of India / Mumbai June 30, 2009, 10:28 IST
Delay in rainfall is likely to impact crop size and farmers may shift to short-cycle crops like cotton and castor seeds, an industry official said.

"The delay in monsoon has raised concern for several crops sown during the season. The sowing of crops like pulses, oilseeds and maize is already late by over 15 days," Solvent Extractors' Association of India's President Ashok Sethia said.

Most of the sowing in the country depends on the monsoon as over half of the cultivable land, due to lack of proper irrigation system, is rain-fed.

Any further delay in rainfall is likely to impact the crop size. "Farmers may shift to short-cycle crops like cotton and castor seeds," Sethia added.

Due to delay in arrival of monsoon, sowing of oilseeds of which the domestic production is on the decline, is also delayed.

However, there has not been any major impact on the prices of vegetable oils as country depends heavily on imports, Sethia said.

Oilseeds have a cycle of 105-120 days. If monsoon departs as per its schedule by September 15-30, the yields will be impacted.

For a good oilseed crop, rains should come by June 25 to the central India and by June 30 to northern India, failing which the oilseeds crop may be lower than projected, he explained.

Sethia pointed out that last year (during November 2007 to October 2008) the country imported 56 lakh tonnes of edible oil worth Rs 24,000 crore. In the current year, the import is likely to surge to the record level of 75 lakh tonnes, a huge burden on the exchequer.

It is essential to increase the availability of vegetable oils from domestic resources by encouraging diversification, increasing productivity and fullest exploitation of non-traditional domestic sources, he said.

This will improve capacity utilisation, increase production and productivity and thereby bring the industry to be fully competitive in the international market.

To achieve these objectives, the Association has suggested for creation of oilseeds and oil development fund by re-imposing custom duty on edible oils and weighted, he added.

"We have also pleaded for granting of general exemption to vegetable oil refining industry from excise duty on by-product and value addition in rice bran processing."

"We have also requested to reduce the excise duty on food grade hexane being agro-food processing and export-oriented industry identified as a thrust area by the Government," Sethia said.

Imports: Edible oil industry cautions govt

New Delhi: Alarmed at rising edible oil imports, the industry on Friday warned that the country may have to ship about 15 million tonnes of the variant a year in the next 5-7 years, if the government does not address the problems faced by the sector.

"At the current rate of increase in imports, India may have to import close to 15 million tonnes of vegetable oils annually, in the next 5 to 7 years," the Central Organisation for Oil Industry and Trade said in its pre-Budget memorandum.

The industry body warned that such high imports will make the country heavily dependent on exporting countries, which can dictate their own terms and prices in future.

It said imports of vegetable oils has increased by about 86 per cent to 46.83 lakh tonnes during November-May period in 2008-09 oil year from 25.22 lakh tonnes in the year-ago period.

Pointing out that zero customs duty on crude edible oil is responsible for the high volume of import, COOIT has sought imposition of 30 per cent duty on all crude edible oils and 40 per cent on refined oils. At present, zero duty is levied on crude edible oil and 7.5 per cent on refined edible oil.

Further, it said that the government can generate a revenue of Rs 7,500 crore (Rs 75 billion) at the current level of imports, if 30 per cent duty on crude and 40 per cent duty on refined edible oils are imposed.

SCENARIOS-Developing monsoon key to India's vegoil tax regime

Tue Jun 30, 2009 2:05pm IST

NEW DELHI/KUALA LUMPUR, June 30 (Reuters) - With soaring stocks of imported edible oils at Indian ports, the government is under pressure to slap duties on new cargoes, although this hinges on whether the unfolding monsoon lifts domestic oilseed output.

India's first window of opportunity for imposing taxes is during its federal budget in July, but many traders and analysts say it is hard to predict the government's likely moves.

Oilseed crushers have lobbied for levies of 20 percent on crude palm oil and sunoil as well as a 25 percent duty on crude soyoil. Refined edible oils should keep a 7.5 percent duty except for palm olein, which must increase to 30 percent, they say.

For a factbox on India's edible oilseed sector, click [ID:nDEL436409]

Here are two options for the newly-elected Congress-led government and the possible outcomes:

SLAP ON IMPORT TAXES

Finance Minister Pranab Mukherjee could announce import duty hikes if close-to-normal monsoon showers in the next 2 months over India's central and western regions bring higher soybean and groundnut plantings and harvests.

The monsoon acts as an economic stimulus, raising incomes for most of India's 1.1 billion people who depend on farming for a living, and reducing government expenditure in a sector that accounts for a sixth of India's gross domestic product

Oilseed farmers' incomes get an added boost from duty hikes as the prices of soybean, rapeseed and groundnut stocks they sell often rise in tandem with the increases to imported vegetable oils' landed cost.

Also, potential revenues from the hike are attractive, adding up to least $1 billion, or 1 percent of tax revenue receipts projected in the interim 2009/10 budget, analysts and Reuters calculations showed.

Palm oil refiners in Indonesia and Malaysia, the largest suppliers of the vegetable oil, will feel much of the heat and may offer discounts to hold on to at least 80 percent of India's imported edible oil market share, traders say.

HOLD OFF AND MAINTAIN THE STATUS QUO

A weaker-than-expected June-September monsoon may force the government to hold back on hiking import taxes in a bid to douse an inflation flare up as consumers would look to overseas shipments to make up for the shortfall in domestic oilseed supplies.

Food inflation is up 8.65 percent in 12 months to June 13, outstripping India's closely watched wholesale price index INWPI=ECI, which fell to an annual 1.14 percent in the same period, Reuters data showed.

"But demand for imported vegetable oil stocks may rise only marginally because a weaker monsoon would curb farming incomes and we already have record levels of stocks at warehouses," said a Mumbai trader.

And farmers incomes will also be hit by the influx of cheaper imported vegetable oil, and spur more government spending to revive the sector, already dented by the weakening monsoons.

"Given (Congress) UPA's pro-rural policies, the budget may give impetus to rural spending programmes especially given late monsoons," said UBS economist Suresh Mahadevan in a note to clients, adding that it could widen the fiscal deficit.

अभी जारी रहेगी उत्तर प्रदेश में गेहूं की खरीद


लखनऊ June 29, 2009
सरकारी गोदाम भर चुके हैं और गेहूं खाली मैदानों मे रखा जा रहा है पर उत्तर प्रदेश सरकार ने ऐलान कर दिया है कि सूबे के किसान जब तक चाहेंगे खरीद जारी रहेगी।
उत्तर प्रदेश में इस साल अब तक राज्य सरकार की अलग-अलग एजेंसियों ने 32 लाख टन गेहूं की खरीद की है। इस साल राज्य सरकार ने 30 लाख टन गेहूं की खरीद का लक्ष्य रखा था।
सरकार ने 30 जून तक गेहूं की खरीद के लिए घोषणा की थी। हालांकि राज्य सरकार का लक्ष्य पूरा कर लिया गया है पर खाद्य और रसद विभाग को कर कहा गया है कि खरीद अभी जारी रहेगी। गौरतलब है कि इस साल उत्तर प्रदेश में गेहूं की बंपर पैदावार हुई है जिसके चलते सरकार को खरीद के लक्ष्य को बढ़ाना पड़ा है।
पहले सरकार ने राज्य की एजेंसियों खाद्य एवं आवश्यक वस्तु निगम, यूपी एग्रो, पीसीएफ और खाद्य विभाग को कुल 20 लाख टन गेहूं की खरीद का लक्ष्य दिया था जिसे बाद में बढ़ाकर 30 लाख टन कर दिया गया।
अधिकारियों के मुताबिक जिस गति से खरीद की जा रही है उसके चलते 30 जून तक 34 लाख टन गेहूं की खरीद हो जाएगी। राज्य सरकार ने यह भी साफ कर दिया है कि 30 जून बीत जाने के बाद भी खरीद केंद्र खुले रहेंगे और अगर कोई किसान उसके बाद भी अपनी उपज लेकर आता है तो खरीद की जाएगीखाद्य विभाग के सामने अब सबसे बड़ी परेशानी गेहूं के भंडारण को लेकर है।
राज्य सरकार के गोदामों में केवल 25 लाख टन अनाज रखने की व्यवस्था है। सरकारी गोदाम पहले से चावल से भरे हैं ऐसे में इन गोदामों में केवल 21 लाख टन गेहूं रखा जा सकता है। बंपर खरीद के बाद अब अधिकारी गेहूं को खुले आसमान के नीचे रखने को मजबूर हैं। इस समय सरकारी खरीद का 10 लाख टन से ज्यादा गेहूं खुले आसमान के नीचे है। मानसून के आने के बाद इस गेहूं को सड़ने से बचाने की एक बड़ी चुनौती होगी।

satta bhav

Hapur (Open)
MUSTSEEDJul 09510.600.10510.60510.70510.50511.00511.60510.250Jun 30 15:02
KLCE (Open)
CPOJul 092230-45222822322,275.002,300.002,868.002,180.00400Jun 30 15:06
CPOAug 092218-52221722182,270.002,297.002,747.002,156.001830Jun 30 15:06
CPOSep 092216-46221622172,262.002,292.002,789.001,658.008524Jun 30 15:06
CPOOct 092219-43221822202,262.002,290.002,648.002,156.001067Jun 30 15:06
CPONov 092210-50221622652,260.002,384.002,384.001,472.0020Jun 30 15:06
NBOT (Open)
SOYOILJun 090.00-476.300.000.00476.30485.50488.000.000Jun 30 15:06
SOYOILJul 09478.6-1.8478.5478.7480.40481.00482.00478.600Jun 30 15:06
Sirsa (Open)
MUSTSEEDJul 09496.00-0.50495.90496.10496.50498.50498.50496.000Jun 30 15:02

India soybean erases gains; large-scale sowing seen


Jun 30 2009 2:55PM


MUMBAI, June 30 (Reuters) - Indian soybean futures erased early gains and fell on Tuesday afternoon on expectation of large-scale oilseeds sowing in the coming days and tracking weakness in Malaysian palm oil futures, analysts said.

At 2:30 p.m, the August soybean contract on the National Commodity and Derivatives Exchange was down 0.38 percent at 2,514 rupees per 100 kg, extending its over 2 percent loss in the last two sessions.
The August rapeseed futures fell 0.14 percent to 541.3 rupees per 20 kg.

Spot soybean prices in the central city of Indore was steady at 23,700 rupees per tonne.

Monsoon rains have covered most parts of Maharashtra and Madhya Pradesh states, according to the weather department, leading to expectations that farmers will now begin sowing the seeds in the coming days.

Soybean cultivation has been delayed by almost a fortnight in Maharashtra, the second biggest producer, and by at least a week in Madhya Pradesh, the largest producer, due to poor rains.

Weakness in Malaysian palm oil market also weighed.

At 2:33 p.m, the benchmark September palm oil futures contract on Bursa Malaysia Derivatives Exchange was down 1.72 percent at 2,223 ringgit a tonne.

Local soybean prices are often influenced by Malaysian palm, which is used as a substitute for soyoil, made by crushing the oilseed.

satta bhav

Hapur (Open)
MUSTSEEDJul 09510.60.1510.5510.7510.50511.00511.60510.250Jun 30 13:50
KLCE (Open)
CPOJul 092249-26225822682,275.002,300.002,868.002,180.00264Jun 30 13:52
CPOAug 092249-21224722522,270.002,297.002,747.002,156.00910Jun 30 13:52
CPOSep 092246-16224422472,262.002,292.002,789.001,658.005694Jun 30 13:52
CPOOct 092249-13224422502,262.002,290.002,648.002,156.00617Jun 30 13:52
CPONov 092,260.000.002,210.002,271.002,260.002,384.002,384.001,472.0015Jun 30 13:52
NBOT (Open)
SOYOILJun 090.00-476.300.000.00476.30485.50488.000.000Jun 30 13:49
SOYOILJul 09479.8-0.6479.7479.9480.40481.00482.00479.70Jun 30 13:49
Sirsa (Open)
MUSTSEEDJul 09496.900.40496.80497.00496.50498.50498.50496.900Jun 30 13:50

satta bhav

Hapur (Open)
MUSTSEEDJul 09510.900.40510.80511.00510.50511.00511.60510.250Jun 30 13:12
KLCE (Open)
CPOJul 092,255.00-20.002,249.002,256.002,275.002,300.002,868.002,180.0034Jun 30 13:15
CPOAug 092238-32223722382,270.002,297.002,747.002,156.00448Jun 30 13:15
CPOSep 092230-32223022322,262.002,292.002,789.001,658.004355Jun 30 13:15
CPOOct 092233-29223022332,262.002,290.002,648.002,156.00281Jun 30 13:15
CPONov 092,260.000.002,210.002,271.002,260.002,384.002,384.001,472.0015Jun 30 13:15
NBOT (Open)
SOYOILJun 090.00-476.300.000.00476.30485.50488.000.000Jun 30 13:10
SOYOILJul 09479.90-0.50479.80480.00480.40481.00482.00479.900Jun 30 13:10
Sirsa (Open)
MUSTSEEDJul 09496.900.40496.80497.00496.50498.50498.50496.900Jun 30 13:12

satta bhav

Hapur (Open)
MUSTSEEDJul 09510.750.25510.75511510.50511.00511.60510.250Jun 30 12:25
NBOT (Open)
SOYOILJun 090.00-476.300.000.00476.30485.50488.000.000Jun 30 12:25
SOYOILJul 09480.90.5480.8481480.40481.00482.00480.000Jun 30 12:25
Sirsa (Open)
MUSTSEEDJul 09496.900.40496.80497.00496.50498.50498.50496.900Jun 30 12:25

satta bhav

Hapur (Open)
MUSTSEEDJul 09511.601.10511.50511.70510.50511.00511.60510.250Jun 30 11:53
KLCE (Open)
CPOJul 092,290.0015.002,285.002,400.002,275.002,300.002,868.002,180.0021Jun 30 10:01
CPOAug 092,274.004.002,273.002,278.002,270.002,297.002,747.002,156.00204Jun 30 10:01
CPOSep 092,263.001.002,263.002,265.002,262.002,292.002,789.001,658.002,242Jun 30 10:01
CPOOct 092,270.008.002,260.002,279.002,262.002,290.002,648.002,156.00120Jun 30 10:01
CPONov 092,285.0025.002,260.002,280.002,260.002,384.002,384.001,472.005Jun 30 10:01
NBOT (Open)
SOYOILJun 090.00-476.300.000.00476.30485.50488.000.000Jun 30 11:53
SOYOILJul 09481.000.60480.90481.10480.40481.00482.00480.000Jun 30 11:53
Sirsa (Open)
MUSTSEEDJul 09496.900.40496.80497.00496.50498.50498.50496.900Jun 30 11:53