Page 4 - Oilseeds

After onion tears, now brace for edible oils burning a hole in your pocket

The bio-fuel programmes in Malaysia and Indonesia are supporting the soaring prices

FM Sitharaman advises farmers to produce oilseeds, which are high in demand

Finance Minister Nirmala Sitharaman on Tuesday urged farmers to produce oilseeds in place of other crops as India particularly imports edible oil and palm oil."We are telling farmers which crops will give them a better price in the area. We are also telling them what all crops can be irrigated or cannot be irrigated on the rain-fed land," she said while addressing the sixth World Congress on Rural & Agriculture Finance in New Delhi."The support price may be given for other things but please do produce oilseeds because they have a great demand in India. Edible oil consumption is also a matter of great concern, as we still import quite a lot quantity particularly palm oil," she said.The Union Minister also requested National Bank for Agriculture and Rural Development (NABARD) Chairman Dr Harsh Kumar Bhanwala to visit Jammu and Kashmir to ensure that the farmers get the correct price of their produce in the next season."You are aware that recently we used NAFED to procure apples ...

Govt procured 8.9 mn tonnes of oilseeds, pulses from FY16 to Dec 2018: Min

The agri minister said 89 lakh tonne of oilseeds and pulses were purchased till December 2018 as against eight lakh tonnes purchased between 2010-11 to 2013-14

Why private procurement of oilseeds may not be commercially viable

15% service charge as compensation too little if losses mount, say experts

Oilseeds see sharp increase in prices on restocking by crushing mills

Two major kharif season oilseeds have seen a sharp increase in their prices after the government in mid-November raised the import duty on edible oils, to protect farmers.While soybean has become costlier by 19.4 per cent to Rs 3,303 a quintal, groundnut is up eight per cent since November when the government announced a duty hike, to trade currently at Rs 4,700 a qtl. Quoting at the time below the Minimum Support Price, both leading oilseeds of the kharif harvesting season have since jumped to trade above this benchmark (Rs 3,050 a qtl for soybean and Rs 4,500 a qtl for groundnut). Prices of other oilseeds have also moved up, albeit less. The turnaround has cheered farmers and stockists alike. Oil mills have also started stocking before a further price spike. Both ways, farmers would benefit, presumably encouraging them to bring more area under oilseeds next season.India's hike in import duty has led Malaysia to suspend export taxes on crude palm oil for three months effective ...

Trade measures boost edible oil industry

Seed prices move up after export sops and import duty hikes

Around 20% of soybean output to remain uncrushed this year

Disparity in crushing of oilseeds to bring record carry over stock for next season

Indian oilseeds fall to multi-year lows on supply

Indian soybean one-month futures fell to their lowest in over 5 years

Select edible oils slide on muted demand, adequate stocks

Ample stocks position on increased arrivals from producing regions mainly kept pressure on select edible oil prices