Agri Commodity Update  (17th January 2020)
  • posted by IMV |
  • 17/1/2020

Fundamental Aspect: The U.S. grain market did not see much of a reaction after Washington and Beijing made phase one of their trade agreement official this week, and it will take time before commodities such as soybeans, wheat and corn benefit from China’s pledge to buy more agricultural products. “We really didn’t expect the Chinese to immediately step in and buy with the signing of the trade deal,” said Sal Gilbertie, president and...

Agri Commodity Update  (16th January 2020 )
  • posted by IMV |
  • 16/1/2020

Fundamental Aspect: With India restricting the import of refined palm oil that has hit Malaysia, Prime Minister Mahathir Mohamad on Tuesday said he was concerned about it but that would not stop him from speaking against New Delhi's recent actions. Last week, India imposed restrictions on imports of refined palm oil and palmolein in the backdrop of adverse remarks by Mahathir on the new citizenship law and the Kashmir issue....

AgrI Commodity Update  (15th January -2020
  • posted by IMV |
  • 15/1/2020

 Fundamental Aspect: With India restricting the import of refined palm oil that has hit Malaysia, Prime Minister Mahathir Mohamad on Tuesday said he was concerned about it but that would not stop him from speaking against New Delhi's recent actions. Last week, India imposed restrictions on imports of refined palm oil and palmolein in the backdrop of adverse remarks by Mahathir on the new citizenship law and the Kashmir issue....

Agri Commodity Update  (14th January 2020)
  • posted by IMV |
  • 14/1/2020

  Fundamental Aspect: The USDA says the U.S. 2019 average soybean yield ended at 47.4 bushels per acre vs. the trade’s expectations of 46.6 bushels per acre and December’s estimate of 46.9 bushels per acre.The 2019 U.S. soybean production totaled 3.558 billion bushels vs. the trade’s expectations of 3.51 billion bushels and the USDA’s December estimate of 3.55 billion. In 2018, the U.S. farmers grew a soybean crop totalling 4.428...

Agri-Commodity Update 13th January -2020
  • posted by IMV |
  • 13/1/2020

 Fundamental Aspect: The USDA says the U.S. 2019 average soybean yield ended at 47.4 bushels per acre vs. the trade’s expectations of 46.6 bushels per acre and December’s estimate of 46.9 bushels per acre.The 2019 U.S. soybean production totaled 3.558 billion bushels vs. the trade’s expectations of 3.51 billion bushels and the USDA’s December estimate of 3.55 billion. In 2018, the U.S. farmers grew a soybean crop totalling 4.428...

Agri Commodity Update ( 10th January 2020 )
  • posted by IMV |
  • 10/1/2020

Fundamental Aspect: India imposed restrictions on imports of refined palm oil and palmolein on Wednesday, a move sources said was retaliation against top supplier Malaysia after its criticism of India's actions in Kashmir and a new citizenship law. The Ministry of Commerce and Industry issued a notification declaring that the import of refined palm oil "is amended from 'Free' to 'Restricted.'" Source: ET Technical Aspect...

Agri-Commodity Update 8th January -2020
  • posted by IMV |
  • 08/1/2020

Fundamental Aspect: India has informally asked palm oil refiners and traders to avoid buying Malaysian palm oil, government and industry sources said, following Kuala Lumpur's criticism of India's actions in Kashmir and its new citizenship law. Palm oil inventories could spike in Malaysia, and prices may come under pressure if India, the world's biggest buyer of palm oil, reduces purchases from the country. Source: ET...

Agri-Commodity Update 7th January -2020
  • posted by IMV |
  • 07/1/2020

Fundamental Aspect: Global soybean market faces a challenge to adapt in 2020 The global soybean market will have a tough job in 2020 adapting to the impact of the most recent chapters of the US-China trade dispute, the prolonged influence of African swine fever on Chinese consumption and the rise of Brazil to the top spot in global production rankings. The new year is expected to bring confirmation of and more detail on...

Agro-Commodity Update 6th January -2020
  • posted by IMV |
  • 06/1/2020

Fundamental Aspect: Global soybean market faces a challenge to adapt in 2020 The global soybean market will have a tough job in 2020 adapting to the impact of the most recent chapters of the US-China trade dispute, the prolonged influence of African swine fever on Chinese consumption and the rise of Brazil to the top spot in global production rankings. The new year is expected to bring confirmation of and more detail on phase...

Agri-Commodity Update 3rd January -2020
  • posted by IMV |
  • 03/1/2020

Fundamental Aspect: Palm oil import duty reduction disappoints industry The government's move to reduce import duty on refined and crude palm oil,will hurt the domestic refining industry, said Solvent Extractors’ Association (SEA), an apex trade body of the vegetable oil Industry. With effect from 1st January 2020, the duty on refined palmolein has been brought down from 50% to 45% and on crude palm oil (CPO) from 45% to 37.5%...