Soyabean

Patanjali Foods gains 10% from day's low after over 20% fall in 8 sessions

In past one month, the stock was down 20 per cent after the government decided to discontinue import of crude soybean oil under tariff rate quota (TRQ).

Govt to discontinue import of crude soybean oil under tariff rate quota

The government on Wednesday said that it has decided to discontinue import of crude soybean oil under tariff rate quota (TRQ) from April 1 this year. TRQ is a quota for a volume of imports that will enter India at specified or nil duty, but after the quota is reached, the normal tariff applies to additional imports. "Last date for import of crude soybean oil under TRQ has been revised to March 31, 2023. Further, no allocation of TRQs for import of crude soybean oil shall be made for 2023-24," the directorate general of foreign trade (DGFT) said in a public notice. The government has earlier exempted customs duty and agriculture infrastructure development cess on 20 lakh metric tonnes yearly import of crude soybean oil and crude sunflower oil each, to ease domestic prices. The duty-free import of 20 lakh MT per year was earlier applicable for two financial years -- 2022-23 and 2023-24 -- for crude soybean oil and crude sunflower oil. Now it is applicable only for crude sunflower see

MP FPOs stock soyabean hoping govt lifts ban on futures & options trade

Madhya Pradesh is the leading soybean-producing state with over 40 per cent share in the country's total production of around 13 million tonnes

India likely to import 64% less soyabean; nil soyabean meal in FY23: SOPA

The total availability of soyabean is estimated at 147.55 lakh tonnes this season, higher than 126.27 lakh tonnes in the previous season

India likely to import 64% less soyabean in 2022-23: Industry body SOPA

India's soyabean import is pegged lower by 64 per cent at 2 lakh tonnes in the 2022-23 season on prospects of higher domestic production, industry body SOPA said on Wednesday. The country had imported 5.55 lakh tonnes of soyabean during the 2021-22 season (October-September), it said. According to the Soybean Processors Association of India (SOPA), the domestic production of soyabean is estimated to increase to 120.40 lakh tonnes in the 2022-23 season when compared with 118.89 lakh tonnes last season. Even the carry-over stock remains higher at 25.15 lakh tonnes as against 1.83 lakh tonnes in the previous year. The total availability of soyabean is estimated at 147.55 lakh tonnes this season, higher than 126.27 lakh tonnes in the previous season, the industry body said in a statement. Out of the total soyabean, about 100 lakh tonnes would be available for crushing this season as against 84 lakh tonnes in the previous 2021-22 season. About 13 lakh tonnes are estimated to be retain

SOPA demands Centre to immediately curb illegal import of GM soyabean

The Soybean Processors Association of India (SOPA) on Tuesday demanded the government take immediate action against the illegal import of genetically modified (GM) soyabean. Currently, the import of GM products is prohibited. "However, it has come to our knowledge that some unscrupulous companies are importing GM soybean, in contravention of every rule and regulation," SOPA Executive Director D N Pathak said in a letter to the Union Agriculture Ministry. A vessel carrying 17,741 tonnes of GM soyabean is currently discharging the cargo at Mumbai port, he claimed, and requested the ministry to take "immediate action". "If immediate action is not taken, and such imports are permitted, it will open the flood gates for illegal imports of GM soybean which will destroy our soybean cultivation," Pathak said. The soybean may find its way even to the farmers, causing irreparable damage to Indian soybean cultivation, he added. Soyabean is one of the major oilseeds that India is focusing on

US hopes India to address small trade barriers in soyabean exports

The US is expecting India to address small trade barriers and facilitate the export of non-genetically modified (non-GMO) soyabean and speciality soyabean products, a senior US diplomat said

Govt notifies norms for allocation of TRQ for crude soybean, sunflower oils

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

Govt allows duty-free import of 2 mn MT of crude soyabean, sunflower oil

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

Palm oil prices surge on Indonesia ban in risk to global food inflation

Indonesia said on Friday that the shipment halt will start from April 28 and last until the government deems a domestic shortage resolved

Stock of this agri products company has zoomed 85% in two months

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 output may rise 14% to 11.9 mn tn this year: SOPA

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.

Centre set to allow import of GM soymeal to check rising feed prices

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

Surge in soybean prices rattles trade and poultry industry alike

SOPA says surge driven by excessive speculative activity in exchanges

Soybean meal prices doubled; govt should permit import at zero duty: AIPBA

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

Demand for soybean meal in bird feed industry hit due to bird flu scare

The demand for domestic consumption of the protein- rich feed is likely to reduce by 100,000 tonne in January, the official said

Commodity picks: 28 September, 2020

Wheat is trading at Rs 1,786 per quintal in Delhi

Rain coverage healthy so far despite dark clouds of Covid-19: CRISIL DRIP

State-wise, rains have been above normal in major crop-producing states except Rajasthan

Groundnut, soyabean propel kharif sowing in Gujarat to more than 75%

Oilseeds like groundnut and soyabean and other crops led by cotton are largely sown in Kutch and Saurashtra regions of Gujarat

Kharif sowing: Farmers hope monsoon will help make up for lockdown losses

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