Oil Seeds & Feed News Today

Mustard prices experienced stable to declining trends during the week ending on May 4, 2024, amid reduced demand. The mustard market is expected to remain within a limited range with fluctuations. Higher harvest and edible oil import policies are impacting market dynamics.

In Haldia, mustard oil is priced at Rs. 1070/10kg and rice bran crude at Rs. 790/10kg. Goyal Kota witnessed mustard prices at Rs. 5350/quintal. There is anticipation of strong global soybean supplies with harvesting in Argentina experiencing delays due to rains.

Soybean prices in India retracted on Wednesday due to market fluctuations. This volatility is attributed to international market trends and domestic supply-demand dynamics, impacting Indian commodities market and the agriculture sector at large.

Malaysian palm oil futures broke a two-day streak due to decreasing soyoil prices and ongoing concerns about palm exports, signaling potential impacts on the Indian commodities market.

Global demand increases wheat prices, while harsh weather affects major production zones, leading to prolonged losses in soybeans and corn markets.

In Haldia, mustard oil is priced at Rs. 1065/10kg. Goyal Kota witnessed the opening of mustard seeds at Rs. 5325/quintal today. Malaysian palm oil futures climbed for the second consecutive session, ending at a high not seen in over a week on Tuesday.

Malaysian palm oil futures see a rise due to sustained soyoil gains and poor weather in Brazil, Russia and palm-producing Indonesia, leading to a over-one-week high closing for a second session.

In Haldia, mustard oil is priced at Rs. 1070/10kg and rice bran refined at Rs. 835/10kg. Volumes of Indian refined sunflower oil are forecasted to experience an 8-10% decrease in the fiscal year 2025 due to a reduced demand for sunflower oil.

Sunflower oil refiners are predicted to experience an 8-10% volume drop. However, operating margins may recover by FY25 due to tightening global supply and increasing domestic prices.

In Haldia, mustard oil is priced at Rs. 1070/10kg. Goyal Kota saw an opening price of Rs. 5250/quintal for mustard seed today. Chicago soybean futures surged to their highest levels on monday since late March due to flooding in Brazil's main soybean-producing state.