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The govt has exempted customs duty and agriculture infrastructure development cess on 20 lakh metric tonnes yearly import of crude soyabean oil and crude sunflower oil each, to ease domestic prices
The duty-free import of 2 mn MT per year will be applicable for two FYs (2022-23, 2023-24) for crude soyabean oil and crude sunflower oil, the Finance Ministry said in a notification
Indonesia said on Friday that the shipment halt will start from April 28 and last until the government deems a domestic shortage resolved
Gujarat Ambuja Exports hit a new high of Rs 329.55, on rallying 10% on the BSE in Wednesday's intra-day trade, and has surged 29% in the past four trading days.
Soyabean production is estimated to rise by 14 per cent to nearly 119 lakh tonnes this year on higher sowing area and likely improvement in productivity, according to industry body SOPA.
Feed meal prices have risen due to a staggering 64% increase in prices of soymeal, which is one of the main constituents of feed meal along with maize
SOPA says surge driven by excessive speculative activity in exchanges
Expressing concern over rise in animal feed prices in domestic market, All India Poultry Breeders Association demanded govt to reduce import duty on soybean meal to zero for at least five months
The demand for domestic consumption of the protein- rich feed is likely to reduce by 100,000 tonne in January, the official said
State-wise, rains have been above normal in major crop-producing states except Rajasthan
Oilseeds like groundnut and soyabean and other crops led by cotton are largely sown in Kutch and Saurashtra regions of Gujarat
The final of a two-part series looks at how farmers are hoping a good monsoon will help make up for lockdown disruptions and losses
Soybean at the benchmark Indore markets are trading at Rs 3,671 per quintal
Corn also edged higher as rain delays to harvesting were also forecast in parts of the US Midwest
Soyabean is trading at Rs 2,986 a quintal in the Indore markets
India's domestic consumption of soyabean is 5 million tonnes and this year total production is estimated to touch 6.5 million tonnes
Scenario grim for this year's crop due to monsoon delay; farmers await even distribution of rains to start sowing
According to Soybean Processors Association, this year, Soybean production is expected to be lower at 69.29 lakh tonnes than earlier estimate of 74 lakh tonnes