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India's Soyabean Crushing Declines to 117 Lakh Tonnes by Amit Gupta, Kedia Advisory India’s soyabean crushing is projected to decline to 117 lakh tonnes for the 2024-25 oil year due to lower availability, despite a higher crop output of 125.82 lakh tonnes. Reduced carryover stocks of 8.94 lakh tonnes and lower soyabean imports, estimated at 3 lakh tonnes, have contributed to the drop. Soyameal production is expected to fall to 92.32 lakh tonnes, with exports pegged at 15.50 lakh tonnes, down from 22.75 lakh tonnes last year. Domestic feed consumption remains steady at ...
India's Soyabean Crushing Declines to 117 Lakh Tonnes by Amit Gupta, Kedia Advisory
India's Soyabean Crushing Declines to 117 Lakh Tonnes by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-30 03:14:08 pm
Low Soyabean Procurement Amid Relaxed Moisture Norms by Amit Gupta, Kedia Advisory Soyabean procurement under the Price Support Scheme (PSS) has been significantly low, reaching only 2.6% of the 32.24 lakh tonnes (lt) approved by the Centre as of November 18. Despite a relaxation in the moisture content norm, the procurement process has been slow, with states like Telangana leading while others like Maharashtra and Karnataka report minimal purchases. The Centre’s decision to allow up to 15% moisture is seen as a step to support farmers, but the benefits are limited du...
Low Soyabean Procurement Amid Relaxed Moisture Norms by Amit Gupta, Kedia Advisory
Low Soyabean Procurement Amid Relaxed Moisture Norms by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-21 11:28:47 am
Centre would allow Madhya Pradesh to procure Soyabean under PSS: Agriculture minister Shivraj Singh Chouhan Union Agriculture Minister Shivraj Singh Chouhan on Tuesday said the government would procure Soybean at the Minimum Support Price (MSP), which is Rs 4,894 per quintal.  Union Agriculture Minister Chouhan said the Modi Government is committed to providing all help to the farmers and several schemes have been introduced in the last few years. Speaking about the procurement of soybean in Madhya Pradesh, Chouhan said the Centre was ready to help if the state government needed it. C...
Centre would allow Madhya Pradesh to procure Soyabean under PSS: Agriculture minister Shivraj Singh Chouhan
Centre would allow Madhya Pradesh to procure Soyabean under PSS: Agriculture minister Shivraj Singh Chouhan
Source: IANS
2024-09-10 01:57:46 pm
Procurement of 19,760 MT of urad, 1.03 lakh MT of soybeans from Karnataka ordered:Pralhad Joshi The Union government has granted permission to procure two more crops at support prices in Karnataka and instructions have been issued for the procurement of 19,760 MT of urad and 1.03 lakh MT of soybeans from farmers.   “It’s the central government’s gift to Karnataka farmers for the Ganesh festival,” announced Union Minister for Consumer Affairs, Food and Public Distribution, Pralhad Joshi on Friday. Speaking to the media in New Delhi, he stated, Prime Min...
Procurement of 19,760 MT of urad, 1.03 lakh MT of soybeans from Karnataka ordered:Pralhad Joshi
Procurement of 19,760 MT of urad, 1.03 lakh MT of soybeans from Karnataka ordered:Pralhad Joshi
Source: IANS
2024-08-30 11:43:27 am
Stable Soyabean Acreage Despite Regional Shifts : SOPA Report Highlights by Amit Gupta, Kedia Advisory The Soyabean Processors Association of India (SOPA) reports soyabean acreage for the current kharif season at levels similar to last year’s 118 lakh hectares. Increases in Maharashtra and Karnataka balanced declines in Madhya Pradesh and Rajasthan. SOPA’s extensive survey found no major crop health threats but emphasized the importance of upcoming monsoon conditions. Government estimates closely align with SOPA’s findings, indicating a stable planting season overall. &nbs...
Stable Soyabean Acreage Despite Regional Shifts : SOPA Report Highlights by Amit Gupta, Kedia Advisory
Stable Soyabean Acreage Despite Regional Shifts : SOPA Report Highlights by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-07-24 05:40:43 pm
India's Oilmeals Exports Surge: Soyabean Boost Drives 9% Growth in February 2024 by Amit Gupta, Kedia Advisory India's oilmeals exports witness a robust 9% surge in February 2024, led by a remarkable 34% spike in soyabean meal shipments. Despite facing competitive pressures, Indian exports soar to 5.15 lakh tonnes, reflecting the nation's growing prominence in global oilmeals trade. Highlights Soyabean Meal Boost: India's oilmeals exports surged by 9% in February 2024 compared to February 2023, largely driven by a remarkable 34% growth in soyabean meal exports. Overall Export Grow...
India's Oilmeals Exports Surge: Soyabean Boost Drives 9% Growth in February 2024 by Amit Gupta, Kedia Advisory
India's Oilmeals Exports Surge: Soyabean Boost Drives 9% Growth in February 2024 by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-03-16 08:56:07 am
Global Soybean Market Dynamics: Production Shifts, Trade Surge, and Price Adjustments by Amit Gupta,Kedia Advisory Global soybean market witnesses production adjustments with decreases in Brazil and South Africa, offset by rises in rapeseed output in India, Russia, and Ukraine. Increased exports from Brazil and Ukraine lead to higher global shipments, while reduced ending stocks reflect changes in supply and demand dynamics.   Highlights U.S. Soybean Supply and Use Outlook: The outlook for U.S. soybean supply and use remains unchanged for 2023/24. While soybean crush remains steady, slight i...
Global Soybean Market Dynamics: Production Shifts, Trade Surge, and Price Adjustments by Amit Gupta,Kedia Advisory
Global Soybean Market Dynamics: Production Shifts, Trade Surge, and Price Adjustments by Amit Gupta,Kedia Advisory
Source: Kedia Advisory
2024-03-11 12:09:14 pm
India's Oilmeal Exports Soar: Soyabean Meal Surge Drives Growth Amidst Challenges by Amit Gupta, Kedia Advisory India's oilmeal exports surged by 1% in January 2024, fueled by a remarkable increase in soyabean meal exports, which reached 15.86 lt during April-January 2023-24, marking a substantial rise from the previous year. Despite challenges such as a lean crushing season and high local prices impacting rapeseed meal exports, India remains a competitive player in the global oilmeal market, leveraging its price competitiveness and logistical advantages in key destinations like South-East Asia and...
India's Oilmeal Exports Soar: Soyabean Meal Surge Drives Growth Amidst Challenges by Amit Gupta, Kedia Advisory
India's Oilmeal Exports Soar: Soyabean Meal Surge Drives Growth Amidst Challenges by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-02-19 10:56:48 am
Drought-hit Argentina Struggles as Global Soybean Trade Dynamics Shift Towards US and Brazil by Amit Gupta, Kedia Advisory Argentina faces a soybean production crisis due to drought, compelling record imports from neighboring countries. With crushers running out of soybean stocks, Brazil surpasses Argentina as the leading soymeal exporter. US, driven by biofuel demand, anticipates record soymeal exports, intensifying competition with Brazil. Argentine farmers, wary of inflation, reduce soybean sales, impacting crushing volumes. As global soymeal prices surge, Argentina's industry faces challenges, while the U...
Drought-hit Argentina Struggles as Global Soybean Trade Dynamics Shift Towards US and Brazil by Amit Gupta, Kedia Advisory
Drought-hit Argentina Struggles as Global Soybean Trade Dynamics Shift Towards US and Brazil by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2023-10-30 10:27:26 am