| Commodity Market News |
Soybean planting drops 3.7%
13 August 2010
Soybean has been planted in 9.31 million hectares this year, 3.7 per cent less than a year ago. Area under the crop in Madhya Pradesh rose to 5.52 million hectares.
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US soymeal demand to slip again in 2010-Oil World
29 July 2010
Soymeal consumption in the United States is set to decline for a third year in the 2009/10 season, while demand is rising in Brazil and Russia.U.S. consumption of soymeal is expected to amount to about 27.6 million tonnes in October/September 2009/10, down from 27.9 million tonnes in the previous season.
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Pakistan may buy soyameal from India: FDA
27 July 2010
Pakistan is expected to import the bulk of its soyameal demand of 3.60 lakh tonnes from India this year said a report by the US Department of Agriculture (USDA).
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China soya imports seen at 5.8 million tonnes
17 July 2010
China is likely to import 5.8 million tonnes of soyabean in July, the second-largest monthly import level after June’s record 6.2 million tones, according to figures from the Commerce Ministry.
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China soybean imports to rise in 09/10, 10/11-USDA
14 July 2010
China is forecast to import 2 percent more soybeans in the current marketing year and in 2010/11 than earlier projected, as per the U.S. Agriculture Department. The USDA increased its forecast for Chinese soybean imports in 2009/10 to 48 million tonnes, up 1 million tonnes from last month's estimate.
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Brazil, Argentina cars may eat more of world's soy
03 July 2010
Brazilian and Argentine motorists using soyoil-based biodiesel in their cars could soon be diverting more of the major cooking oil away from the food supply, as Latin America's farming giants try to limit their dependence on oil. Latin America's main soy producers, Brazil and Argentina, could soon double their national biodiesel programs. Such a step would divert at least 13 percent of the world's soybeans to be crushed into oil and meal at home.
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China soya imports may moderate in second half
25 June 2010
Soyabean imports by China the biggest buyer may moderate in the second half after large shipments this year and will not be boosted by the easing of the yuan’s peg to the dollar.
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STC floats tender to import soyoil
15 June 2010
The State Trading Corp has floated a tender to import 5,000 tonnes crude degummed soyoil for shipment at Kandla port.
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China may cut soybean buying in June - Oil World
11 June 2010
China may cut soybean purchasing in coming weeks because of growing stocks, a factor which could help weaken global soybean prices.There is a high probability that China will become a very reserved buyer of soybeans in the next few weeks.
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China may buy Argentine soyoil soon - Oil World
11 June 2010
China's huge need for edible oils may compel it to resume soyoil imports from Argentina as early as July, but Argentine soyoil exports are booming despite China's import stop.We expect that China will resume large-scale purchases of (Argentine) soyoil and step up imports in the July/Sept 2010 quarter.
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