त्यौहारी मांग बढऩे से खाद्य तेलों की कीमतों में पांच से दस फीसदी की बढ़ोतरी होने की संभावना है। आयातित खाद्य तेलों क्रूड पाम ऑयल और आरबीडी पामोलीन के दाम चालू महीने में क्रमश: 16.1 फीसदी और 17.7 फीसदी तक बढ़ चुके हैं। हालांकि जुलाई में खाद्य तेलों का आयात बढ़ा था लेकिन आयातित खाद्य तेलों की कीमतों में बढ़ोतरी से अगस्त में आयात कम होने का अनुमान है। दिल्ली वेजिटेबल ऑयल ट्रेडर्स एसोसिएशन के सचिव हेमंत गुप्ता ने बताया कि अगले सप्ताह से खाद्य तेलों में त्यौहारी मांग निकलनी शुरू हो जाएगी। इसीलिए मौजूदा कीमतों में पांच से दस फीसदी का सुधार आ सकता है। जयपुर में सरसों तेल का दाम करीब 520 रुपये प्रति 10 किलो चल रहा है। जबकि इंदौर में सोयाबीन रिफाइंड तेल का दाम 495 रुपये, हरियाणा में बिनौला तेल का भाव 465 रुपये, कांडला बंदरगाह पर क्रूड पाम तेल का भाव 415 रुपये, आरबीडी पॉमोलिन का भाव 450 रुपये और गुजरात में मूंगफली तेल का भाव 830 रुपये प्रति दस किलो है। साल्वेंट एक्सट्रेक्टर्स एसोसिएशन ऑफ इंडिया (एसईए) के अनुसार चालू महीने में आयातित खाद्य तेलों की कीमतों में भारी बढ़ोतरी हुई है। आयातित क्रूड पाम तेल का भाव पहली जुलाई को 775 डॉलर प्रति टन (सीएंडएफ) मुंबई पहुंच था जो इस समय बढ़कर 900 डॉलर प्रति टन हो गया है। इसी तरह से आरबीडी पॉमोलीन का भाव पहली जुलाई को 815 डॉलर प्रति टन (सीएंडएफ) मुबई पहुंच था, जो इस समय बढ़कर 960 डॉलर प्रति टन हो गया है। साई सिमरन फूड लिमिटेड के डायरेक्टर नरेश गोयनका ने बताया कि पहले की तुलना में बंदरगाह पर खाद्य तेलों का स्टॉक कम हुआ है। हालांकि चालू खरीफ में तिलहनों की बुवाई बढ़ी है लेकिन अभी नई फसल आने में करीब दो महीने का समय शेष है। आयातित खाद्य तेल चूंकि महंगे पड़ रहे हैं इसलिए घरेलू बाजार में खाद्य तेलों के दाम बढऩे की संभावना है। एसईए के अनुसार पहली अगस्त को बंदरगाहों पर खाद्य तेलों का स्टॉक करीब 6.35 लाख टन का बचा हुआ था। चालू तेल वर्ष के पहले नौ महीनों (नवंबर-09 से जुलाई-10) के खाद्य तेलों के आयात में एक फीसदी की कमी आकर कुल आयात 63.38 लाख टन रहा। जुलाई महीने में देश में खाद्य तेलों का आयात बढ़कर लगभग आठ लाख टन का हुआ है जो पिछले साल की समान अवधि के 5.96 टन से 34 फीसदी ज्यादा है। चालू वित्त वर्ष के मई और जून में आयात में कमी आई थी। मई में आयात 7.51 लाख टन से घटकर 5.58 लाख टन और जून में 7.80 लाख टन से घटकर 7.32 लाख टन का ही हुआ था। कृषि मंत्रालय द्वारा जारी बुवाई रिपोर्ट के अनुसार चालू खरीफ में तिलहनों की बुवाई पिछले साल के 159.27 लाख हैक्टेयर से बढ़कर 164.99 लाख हैक्टेयर में हो चुकी है।
Tuesday, August 31, 2010
Thursday, August 26, 2010
India 2010-11 Soybean Output Likely Up On Better Rains, Yield
Aug 26 2010 4:37PM
MUMBAI (Dow Jones)--Soybean production in India is likely to rise in the next crop year, driven by better yields due to good rains in major growing regions, industry executives said Thursday.
The country is estimated to have produced about 8.5 million metric tons in the crop year ending Sept. 30, according to data from the Central Organisation for Oil Industry and Trade.
The overall production in 2010-11 will be better than the current year, but it is too early to give any figure, said Govindbhai Patel, managing partner of Dipak Enterprises and an expert on vegetable oil industry.
The soybean production in 2009-10 fell about 5% as India suffered its worst drought in almost four decades, with monsoon rains 22% below average. But the monsoon rains are near normal this year so far, boosting the prospects of crop growth.
The crop condition is quite good in major soybean growing regions as the rains are coming in regular intervals, said S.K. Srivastava, director of National Research Centre for Soybean.
The sowing of soybean--the main oilseed grown in the summer season--in India starts in June and continues through July.
Total area under summer-sown oilseeds has increased 5.4% to 16.14 million hectares until Aug. 20, according to the latest government data.
Total yield is likely to improve from the this year's level of 1.1 tons per hectare, Srivastava said.
Despite expectation of higher production and large stocks India's edible imports in 2010-11 may remain mostly steady compared with the current year, industry executives said.
India--which imports nearly half of its edible oil needs--is likely to import 8.2 million-8.4 million tons in the marketing year ending Oct. 31, said Pradip Desai, managing director of Mumbai-based importer Palmtrade Services Pvt. Ltd.
MUMBAI (Dow Jones)--Soybean production in India is likely to rise in the next crop year, driven by better yields due to good rains in major growing regions, industry executives said Thursday.
The country is estimated to have produced about 8.5 million metric tons in the crop year ending Sept. 30, according to data from the Central Organisation for Oil Industry and Trade.
The overall production in 2010-11 will be better than the current year, but it is too early to give any figure, said Govindbhai Patel, managing partner of Dipak Enterprises and an expert on vegetable oil industry.
The soybean production in 2009-10 fell about 5% as India suffered its worst drought in almost four decades, with monsoon rains 22% below average. But the monsoon rains are near normal this year so far, boosting the prospects of crop growth.
The crop condition is quite good in major soybean growing regions as the rains are coming in regular intervals, said S.K. Srivastava, director of National Research Centre for Soybean.
The sowing of soybean--the main oilseed grown in the summer season--in India starts in June and continues through July.
Total area under summer-sown oilseeds has increased 5.4% to 16.14 million hectares until Aug. 20, according to the latest government data.
Total yield is likely to improve from the this year's level of 1.1 tons per hectare, Srivastava said.
Despite expectation of higher production and large stocks India's edible imports in 2010-11 may remain mostly steady compared with the current year, industry executives said.
India--which imports nearly half of its edible oil needs--is likely to import 8.2 million-8.4 million tons in the marketing year ending Oct. 31, said Pradip Desai, managing director of Mumbai-based importer Palmtrade Services Pvt. Ltd.
Soybeans: Chinese demand and drought in Russia can increase Brazilian exports
Posted on: 25/08/10
The strength of domestic agriculture already has led Brazil to meet 23% of international demand for soybeans and the expectation of the Brazilian government is to increase such participation. The agricultural product is the most commercialized in the world, with sales accumulating US$ 78 billion annually. "And it's more than likely that we can further increase our market share", said today, August 19, the Secretary of
international relations of agribusiness of the Ministério da Agricultura, Celio Porto. The evaluation was made to participants of the International Forum of Soybeans Producers & Co. (Soybean Forum), held in Salvador (BA).
According to Secretary, some factors should pull the grains exports. The increasing demand for food in developing nations such as China, and climatic problems at Russia, which recently suspended its international sales of grain because of the drought, are opportunities to Brazil. "Past experiences have shown us that such actions discourage local production and increases the need for imports", said Celio Porto, at the opening of Soybean Forum, representing the Minister Wagner Rossi.
He considers that the continued acceleration in commodity prices over the past 10 years and the structural factors, which remained after the world crisis of 2008, should result in a new record in exports of agribusiness. "Influenced by the price factor, Brazil must overcome in 2010, the US$ 71.8 billion recorded two years ago", said Porto. As a way to boost the increase the production of agricultural products, especially grain, the secretary highlights the region encompassing the States of Maranhão, Piauí, and Tocantins, popularly known as Mapito, which is arousing the expectation of the markets buying.
The soybean complex comprises soybean meal, oil and grain "in nature" and today is exported to 46 countries. In the two largest importers of soybeans, China and the European Union, Brazil participates with 32% and 62% of the exports respectively, and has established itself as the second in the world ranking of production and exports.
The strength of domestic agriculture already has led Brazil to meet 23% of international demand for soybeans and the expectation of the Brazilian government is to increase such participation. The agricultural product is the most commercialized in the world, with sales accumulating US$ 78 billion annually. "And it's more than likely that we can further increase our market share", said today, August 19, the Secretary of
international relations of agribusiness of the Ministério da Agricultura, Celio Porto. The evaluation was made to participants of the International Forum of Soybeans Producers & Co. (Soybean Forum), held in Salvador (BA).
According to Secretary, some factors should pull the grains exports. The increasing demand for food in developing nations such as China, and climatic problems at Russia, which recently suspended its international sales of grain because of the drought, are opportunities to Brazil. "Past experiences have shown us that such actions discourage local production and increases the need for imports", said Celio Porto, at the opening of Soybean Forum, representing the Minister Wagner Rossi.
He considers that the continued acceleration in commodity prices over the past 10 years and the structural factors, which remained after the world crisis of 2008, should result in a new record in exports of agribusiness. "Influenced by the price factor, Brazil must overcome in 2010, the US$ 71.8 billion recorded two years ago", said Porto. As a way to boost the increase the production of agricultural products, especially grain, the secretary highlights the region encompassing the States of Maranhão, Piauí, and Tocantins, popularly known as Mapito, which is arousing the expectation of the markets buying.
The soybean complex comprises soybean meal, oil and grain "in nature" and today is exported to 46 countries. In the two largest importers of soybeans, China and the European Union, Brazil participates with 32% and 62% of the exports respectively, and has established itself as the second in the world ranking of production and exports.
Friday, August 20, 2010
Breaking News-RTRS - Malaysia liberalises ringgit trad
SINGAPORE, Aug 19 (Reuters) - The Malaysian ringgit (MYR=) hit a 13-year high on Thursday after the country's central bank announced rules to allow the currency to be used to settle cross-border trade. (ID: nSGE67HOGQ)
Here are facts about financial regulation in Malaysia for non-residents:
THE REGULATORS The central bank, Bank Negara Malaysia, sets and manages forex policy, and regulates the financial industry.
The Securities Commission regulates the securities and futures market, is responsible for corporate takovers and mergers, and oversees the clearing house.
The Labuan Offshore Financial Services Authority oversees Malaysia's offshore financial centre.
Here are facts about financial regulation in Malaysia for non-residents:
THE REGULATORS The central bank, Bank Negara Malaysia, sets and manages forex policy, and regulates the financial industry.
The Securities Commission regulates the securities and futures market, is responsible for corporate takovers and mergers, and oversees the clearing house.
The Labuan Offshore Financial Services Authority oversees Malaysia's offshore financial centre.
Friday, August 6, 2010
India Ups Palm Oil Buys As Price Gap To Soyoil Widens Aug 6 2010 10:01AM (Adds comments from a Kolkata-based trader, current edible oils stocks
Aug 6 2010 10:01AM
KUALA LUMPUR (Dow Jones)--India, the world's second-largest vegetable oils consumer after China, may purchase more palm oil in the next two months than soyoil, as palm oil's discount has widened, a Mumbai-based trading executive said Friday.
In recent months, India has imported more soyoil after a bumper soybean crop dragged prices lower even as palm production growth remained sluggish. But weather concerns over U.S. and South America soybean crops propelled soyoil prices higher, making it a more expensive commodity compared with the cheaper palm oil.
India is seeking between 550,000 and 600,000 metric tons of palm products, including crude palm oil and refined products, this month as the price gap with rival soyoil from Argentina has widened to $100/ton on a delivered basis from $40-$50/ton in the last two months, Govindlal G. Patel, director at Mumbai-based vegetable oils importer Dipak Enterprise, said by phone.
The festival season buying from India may support CPO prices on Malaysia's derivative exchange, which rose 1% to MYR2,645/ton at 0324 GMT--the highest level since March 11.
Importers in India have stepped up purchases as demand is expected to increase during the festive period that begins later this month with Ramadan, the Muslim month of fasting, and ends with the celebration of the Hindu festival Diwali in November.
India imported 421,462 tons of CPO in June, while refined, bleached and deodorized palm olein imports stood at 42,282 tons, according to data from the Solvent Extractors' Association of India.
Patel said India has probably covered 65%-70% of its August requirement
KUALA LUMPUR (Dow Jones)--India, the world's second-largest vegetable oils consumer after China, may purchase more palm oil in the next two months than soyoil, as palm oil's discount has widened, a Mumbai-based trading executive said Friday.
In recent months, India has imported more soyoil after a bumper soybean crop dragged prices lower even as palm production growth remained sluggish. But weather concerns over U.S. and South America soybean crops propelled soyoil prices higher, making it a more expensive commodity compared with the cheaper palm oil.
India is seeking between 550,000 and 600,000 metric tons of palm products, including crude palm oil and refined products, this month as the price gap with rival soyoil from Argentina has widened to $100/ton on a delivered basis from $40-$50/ton in the last two months, Govindlal G. Patel, director at Mumbai-based vegetable oils importer Dipak Enterprise, said by phone.
The festival season buying from India may support CPO prices on Malaysia's derivative exchange, which rose 1% to MYR2,645/ton at 0324 GMT--the highest level since March 11.
Importers in India have stepped up purchases as demand is expected to increase during the festive period that begins later this month with Ramadan, the Muslim month of fasting, and ends with the celebration of the Hindu festival Diwali in November.
India imported 421,462 tons of CPO in June, while refined, bleached and deodorized palm olein imports stood at 42,282 tons, according to data from the Solvent Extractors' Association of India.
Patel said India has probably covered 65%-70% of its August requirement
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