India bought canola oil for delivery in August for the first time in nearly five years, as local prices hit a three and a half-year high, making overseas purchases lucrative, industry officials told Reuters.
Stories by Rajendra Jadhav
Indian rapeseed meal exports soar as China replaces Canadian canola supply
China placed Canadian canola oil, meal under a 100 per cent tariff in March
China is set to make record purchases of rapeseed meal from India following Beijing's move to impose a 100 per cent retaliatory tariff on Canadian canola imports, senior industry officials said.
India raises wheat purchase price by 2 percent, farmers disappointed
MUMBAI/NEW DELHI, Sept 8 (Reuters) – Indian farmers, who have been protesting for months against three new agricultural laws, said on Wednesday the government’s move to raise state-mandated price for new season wheat is not enough to cover the cost of cultivation. For more than eight months, tens of thousands of farmers have camped on […] Read more
Logistical bottlenecks seen limiting India’s soymeal imports: trade
MUMBAI, Aug 25 (Reuters) – Indian traders are scrambling to secure prompt shipments of soymeal after New Delhi relaxed rules to allow the import of 1.2 million tonnes of the animal feed, but logistical bottlenecks could limit volumes to less than 400,000 tonnes, industry officials told Reuters. New Delhi on Tuesday allowed imports of genetically […] Read more
India to launch $1.86 bln plan to raise oilseed output, cut imports
NEW DELHI, Aug 9 (Reuters) – India will launch a 110 billion rupee ($1.86 billion CDN) plan to boost domestic oilseed production to make the country self-sufficient in edible oil, Prime Minister Narendra Modi said on Monday, a move that will cut costly vegetable oil imports. India is the world’s biggest vegetable oil importer and […] Read more
India’s wettest monsoon in 25 years could yield record 2020 wheat output
(Reuters) – India’s wheat production could jump to a second consecutive annual record in 2020 as the wettest monsoon in 25 years is set to help farmers in expanding the area under the winter-sown crop while also boosting yields, industry officials told Reuters. But that higher production would add to India’s already swelling inventories, potentially […] Read more
India to get above-average monsoon rains in next two weeks
MUMBAI, (Reuters) – India is likely to get above-average rainfall in the next two weeks after receiving below average rains in the past two weeks, a weather department official said on Thursday, helping summer-sown crops that were wilting in some areas due to a dry spell. Monsoon rains are crucial for farm output and economic […] Read more
India set for record edible oil imports as scanty rains trim output
MUMBAI, (Reuters) – India’s edible oil imports are likely to rise 7.3 percent in 2019/20 to a record high as weak monsoon rains curtail yields of summer-sown oilseeds such as soybeans and groundnut, a senior industry official said. Higher purchases by the world’s biggest edible oil importer could support palm oil prices that are under […] Read more
Monsoon covers half of India, to accelerate crop sowing
MUMBAI, (Reuters) – India’s annual monsoon rains have covered nearly half of the country and conditions are favourable for further advancement into the central and western parts this week, a weather department official said on Monday. The monsoon’s progress will help farmers to accelerate sowing of summer-sown crops, which has been lagging due to a […] Read more
India’s wheat, pulses output seen rising, to curb imports-trade
MUMBAI, Nov 29 (Reuters) — India’s production of wheat and pulses is expected to jump in 2018 as a hike in the government’s assured purchase prices and ample rainfall have prompted farmers to plant more of the winter crops, industry officials told Reuters. Higher production will help the south Asian country reduce imports of pulses […] Read more
