Soybean surged to a fresh peak on Friday, extending a record run in the past few sessions. At the current levels, the legume has taken its rally to 132 per cent from last year’s low of Rs 3,228 per 100 kilograms.
A sharp increase in soya meal cost has driven up poultry prices by more than 50% over the past one year.
BANGKOK (NNT) – The Commerce Ministry has launched measures to increase rice exports to 6 million tons this year, valued at around 150 billion baht, with Indonesia, China, Bangladesh and Iraq set to be the main markets under government-to-government (G2G) deals. Commerce Minister Jurin Laksanawisit said G2G deals and a campaign to make Thai rice […]
China is taking in record amounts of soybeans from the United States and Brazil as its hog population recovers from a deadly disease that began nearly three years ago, but import expansion into the next marketing year might be minimal.Employees working at cargo ship Kypros Land which is loading soybeans to China at Tiplam terminal in Santos, Brazil, Merch 13, 2017. REUTERS/Paulo Whitaker
China has recorded strong demand for soybean but supply will remain stable, and the wholesale price will be 4,275 ($657.7) to 4,475 yuan per ton, estimated by a Chinese Agricultural Outlook Committee (CAOC) report released on Tuesday.
Increasing crude oil prices have pushed up prices of edible oils 7% in the past fortnight as countries across the globe have stepped up use of bio-diesel in order to bring down fuel prices.
For world agricultural markets in general, 2021 may turn out a year of two halves with firm prices in the first half and softness in the second. But coffee could be an exception because of supply shortfall and demand revival operating together.
A shortage of shipping containers in India, the world’s second-biggest sugar producer, is hurting shipments even as overseas demand stays robust, according to an industry official.
China’s soybean imports from the United States in 2020 rose by 52.8% from a year earlier, customs data showed last week, though the stepped-up buying likely fell short of what was needed to fulfill last year’s trade deal between the countries.