Palm | Kelapa Sawit: canola

Tampilkan postingan dengan label canola. Tampilkan semua postingan

India's oilseed output up,rapeseed falls

Posted by Flora Sawita Labels: canola, India, Oil Seed, Production

India's oilseed output rose 2.2 percent to 26.01 million tonnes in the current crop year, a leading trade body said on Sunday, with the main winter-sown rapeseed crop hit by adverse weather conditions, and suggesting edible oil imports might rise.

Output of rapeseed dropped by 12.6 percent to 6.03 million tonnes in the year to June 2012, said the Central Organisation for Oil Industry and Trade, which usually gives its estimate for the full year in mid-March after the crop has been harvested.

The forecasts for both oilseed and rapeseed output are below farm ministry expectations but ahead of traders' forecasts for a 25 percent fall in rapeseed output made in February.

Traders then also suggested lower output could mean a rise of about half a million tonnes in imported oils for the year ending October 31.

The farm ministry last month pegged India's total oilseeds output at 30.5 million tonnes in 2011/12, down six percent.

Rapeseed output was pegged at 7.5 million tonnes.

Rapeseed, the main winter-sown oilseed crop, was hit by higher temperatures at the planting and in the final stages as well, traders said.

India, the world's top vegetable oil importer, grows nine oilseeds, with soyabean being the main summer-sown crop.

Rapeseed oil meets 15-17 percent of about 16.5 million tonnes of annual edible oil demand.

0 comments

India's palm imports to rise as rapeseed output slumps

Posted by Flora Sawita Labels: canola, Edible Oil, Imports, palm oil

Palm imports by the world's top buyer India will rise about 8 percent in the current marketing year ending October 2012, an industry official said on Monday, adding that a consortium of Indian companies were looking to buy land in South America for soybean production.

A slump in domestic vegetable oil crops and robust demand, will buoy palm oil buys this year, B.V.

Mehta, executive director of the Solvent Extractors' Association of India, told Reuters.

India's rapeseed crop could fall as much as 15 percent to between 5.8 million-6.2 million tonnes in 2011/12, he added, speaking on the sidelines at the annual Palm and Lauric Oils Conference & Exhibition Price Outlook 2012.

"It will increase," said Mehta on palm oil imports.

"I'm expecting this after looking at the Indian crop size and demand growth."

Indian imports of palm oil was about 6.5 million tonnes last year.

"Imports are likely to be up by half a million tonnes and mostly that will be taken care of by palm," he said.

Mehta said India's rapeseed production, which was 6.8 million tonnes in 2010/2011, had been hit by both warm and cold weather conditions in the current year, although output assessments were still ongoing.

Indonesia, which overtook Malaysia as the No 1 palm oil producer in 2007, has a palm export tax system that aims to boost downstream industries, secure domestic supplies and reduce volatility in cooking oil prices.

Last year, Southeast Asia's biggest economy changed the structure of its palm export taxes, raising the tax for crude palm oil shipments and cutting refined product (olein) taxes in an attempt to boost its downstream industries.

That turned margins negative for refiners in Malaysia and India.

Mehta added that Indian palm oil refineries have a capacity of 20 million tonnes, but are now running at 50 percent capacity due to higher imports of refined palm olein from Indonesia that recently slashed export taxes for the processed grade.

"Most of the refineries are now on the verge of closing," he said.

"It now makes more sense to import RBD only, rather than CPO." In 2010/2011, India's palm imports included 5.4 million tonnes of crude palm oil (CPO) and 1.1 million tonnes of refined products, Mehta said.

Without any government action to change import duties and export taxes, refined palm product imports could touch 2 million tonnes for the current year.

0 comments

Australia's wheat output seen down

Posted by Flora Sawita Labels: Australia, Barley, canola, Grain, Wheat

Australia's wheat output is likely to slide more than 15 percent in 2012/13 from a record-large crop this year as lower global prices may prompt farmers to shift to other crops such as canola and barley.

Wheat output is expected to fall to 25 million tonnes in the year to June 2013, down from an all-time high of 29.5 million tonnes which is estimated to have been produced this year, according to a Reuters survey of 10 analysts.

Australia is typically the world's fourth largest wheat exporter, and sales are unlikely to diminish in 2012/13 as 25 million tonnes still constitutes a better-than-average crop, analysts said.

But the amount of wheat farmers will want to plant is likely to fall, with global supply forecast to exceed record highs next year and weigh down prices.

The benchmark US wheat futures has lost 1.2 percent so far in March, giving up more ground after finish lower last month due to plentiful supplies.

"We expect a pullback in Australia wheat plantings this year as canola plantings are likely to be the big winner this season because of the margins," said Paul Deane, a senior economist with ANZ.

Adam Davis, a senior commodity analyst at Merricks Capital and who participated the survey, added:

"Barley prices are slightly less than wheat but yield is much higher and therefore a better cereal crop from a gross margin perspective in the southern states where they don't grow much high protein wheat."

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) will announce its forecast on wheat and other crops next week.

Analysts said plentiful rains in the main crop growing regions boded well for wheat, barley and canola - crops that are planted in the season starting in April.

World wheat stocks at the end of the 2011/12 season look set to eclipse the previous record set more than a decade ago, according to the International Grains Council (IGC), raising its forecast for production to an all-time high.

The IGC, in a monthly update, increased its forecast for world wheat production by five million tonnes to a record 695 million, partly reflecting higher estimates for Kazakhstan, India and Australia.

Global crop prices will retreat sharply this year as farmers around the world expand production to bring stability back to commodity markets and ease fears of food inflation, the US government has forecast.

After two years of razor thin stocks, world crop supplies, led by wheat, are recovering.

0 comments

India's rapeseed output seen down

Posted by Flora Sawita Labels: canola, India, Production

India's rapeseed output is expected to fall 8.5 percent to 6.3 million tonnes in 2012 on lower acreage of the oilseed crop, a trade body survey showed on Monday.

Reuters reported on February 1 that the county could see a drop in the rapeseed crop, meaning that vegetable oil imports by the world's top buyer could rise by about a half a million tonnes in the import year ending October 31.

The drop could primarily be because of a decline in output in Rajasthan, the western Indian state that produces about half of the country's output.

Rajasthan is likely to harvest 2.9 million tonnes in 2012, down 17.1 percent from the last year's output, the survey of the Solvent Extractors' Association of India showed.

The country's rapeseed area dropped by 9.2 percent to 6.5 million hectares, it said, mainly due to unfavourable weather at the beginning of the planting season.

Rapeseed, India's main winter oilseed crop, is planted in October and harvested in February.

"Rapeseed planting was hit by warmer conditions that prevailed at initial phase in October and November," said B.V.

Mehta, executive director of the Mumbai-based trade body.

0 comments

ICE canola hits near 2-week top on S.America worries

Posted by Flora Sawita Labels: Canada, canola, Futures Edible Oil, South America

ICE Canada canola futures rose to a nearly two-week high on Monday as disappointing weekend rains in Argentina renewed worries about soybean crops.

* Milder temperatures on the Canadian Prairies and a bump in canola prices seen spurring some farmer deliveries. Commercial hedge pressure pressured late - traders.

* March canola futures rose $7.00 to $526.90 a tonne on volume of 6,760 contracts. Touched $528.10, highest price for the contract since Jan. 11.

* May added $8.10 to $531.60 on volume of 2,857 contracts.

* March-May spread traded 1,912 times, settling at a May premium of $4.70.

* Chicago March soybeans gained 30-1/2 US cents to US$12.17-1/2 per bushel. March soyoil gained 0.99 cent to 51.42 US cents per lb.

* MATIF February rapeseed ticked up 0.3 percent.

* The Canadian dollar was trading at $1.0085 against the US dollar or 99.16 US cents at 1:14 p.m. CST (1914 GMT), up from Friday's close at $1.0132 to the US dollar, or 98.70 US cents.

* US crude oil futures gained 1.3 percent to US$99.58 per barrel.

* New ICE Canada grain contracts off to slow start.

* Scattered rains give patchy relief to Argentine corn.

* Consultant AgRural trims Brazil soy forecast.

0 comments

ICE canola hits near 2-week top on S.America worries

Posted by Flora Sawita Labels: Canada, canola, Futures Edible Oil, South America

ICE Canada canola futures rose to a nearly two-week high on Monday as disappointing weekend rains in Argentina renewed worries about soybean crops.

* Milder temperatures on the Canadian Prairies and a bump in canola prices seen spurring some farmer deliveries. Commercial hedge pressure pressured late - traders.

* March canola futures rose $7.00 to $526.90 a tonne on volume of 6,760 contracts. Touched $528.10, highest price for the contract since Jan. 11.

* May added $8.10 to $531.60 on volume of 2,857 contracts.

* March-May spread traded 1,912 times, settling at a May premium of $4.70.

* Chicago March soybeans gained 30-1/2 US cents to US$12.17-1/2 per bushel. March soyoil gained 0.99 cent to 51.42 US cents per lb.

* MATIF February rapeseed ticked up 0.3 percent.

* The Canadian dollar was trading at $1.0085 against the US dollar or 99.16 US cents at 1:14 p.m. CST (1914 GMT), up from Friday's close at $1.0132 to the US dollar, or 98.70 US cents.

* US crude oil futures gained 1.3 percent to US$99.58 per barrel.

* New ICE Canada grain contracts off to slow start.

* Scattered rains give patchy relief to Argentine corn.

* Consultant AgRural trims Brazil soy forecast.

0 comments

Canadian canola futures fall (14 Jan 2012)

Posted by Flora Sawita Labels: canola, Futures Edible Oil

ICE Canadian canola futures fell to a three-week low on Thursday after the US Department of Agriculture said the United States will have far more corn and soyabeans left at the end of this marketing year than expected.

Canola rallied later in the session to settle with only modest losses after farmer panic selling dried up and with exporters pricing sales - trader.

Modest technical selling seen adding to canola's weakness.

Most-active March canola futures lost $3.60, or 0.7 percent, to $520.30 a tonne on brisk volume of 17,175 contracts.

March canola touched low of $508.70, the weakest price in three weeks.

May gave up $3.20 to $524.50 on volume of 3,976 contracts.

March-May spread traded 2,859 times, settling at a May premium of $4.20.

Chicago March soyabeans lost 20-1/2 US cents to US $11.82-1/2 per bushel.

March soyaoil lost 0.43 cent to 51.46 US cents per lb.

MATIF February rapeseed lost 0.9 percent.

The Canadian dollar was trading at $1.0196 against the US dollar or 98.08 US cents at 1:32 pm CST (1932 GMT), down slightly from Wednesday's North American session close at $1.0193 to the US dollar, or 98.11 US cents.

US crude oil futures lost 1.8 percent to US $99.10 per barrel on report that Iran embargo is delayed.

0 comments

Canadian canola futures fall (14 Jan 2012)

Posted by Flora Sawita Labels: canola, Futures Edible Oil

Canola rallied later in the session to settle with only modest losses after farmer panic selling dried up and with exporters pricing sales - trader.

Modest technical selling seen adding to canola's weakness.

Most-active March canola futures lost $3.60, or 0.7 percent, to $520.30 a tonne on brisk volume of 17,175 contracts.

March canola touched low of $508.70, the weakest price in three weeks.

May gave up $3.20 to $524.50 on volume of 3,976 contracts.

March-May spread traded 2,859 times, settling at a May premium of $4.20.

Chicago March soyabeans lost 20-1/2 US cents to US $11.82-1/2 per bushel.

March soyaoil lost 0.43 cent to 51.46 US cents per lb.

MATIF February rapeseed lost 0.9 percent.

US crude oil futures lost 1.8 percent to US $99.10 per barrel on report that Iran embargo is delayed.

0 comments

Canadian canola futures rise

Posted by Flora Sawita Labels: 2011 News, Canada, canola

ICE Canadian canola futures gained on Friday, supported by early buying due to optimism about the euro debt crisis and strength in soybeans, but finished with a slight 0.2 percent weekly loss.

Thin volume of about 15,200 contracts traded, mostly in inter-month spreading.

Some speculators still on sidelines after MF Global collapse - trader.

Some position adjusting seen ahead of Statistics Canada crop production report on Tuesday, December 6.

January canola futures gained $2.40 to $502.30 per tonne on volume of 6,917 contracts.

March rose $2.40 to $502.20 a tonne on volume of 5,461 contracts.

January-March spread traded 4,341 times, settling at a January premium of 10 cents.

July-November spread traded 602 times, ending at $21.40 July premium.

Chicago January soybeans gained 7-3/4 US cents to US $11.35-3/4 per bushel.

January soyoil added 0.55 cent at 50.25 US cents per lb.

MATIF February rapeseed gained 0.4 percent.

The Canadian dollar was trading at C$1.0185 against the US dollar or 98.18 US cents at 1:12 pm CST (1912 GMT), down from Thursday's close at $1.0143 versus the US dollar, or 98.59 US cents.

US crude oil futures gained 0.8 percent to US $100.96 per barrel.

Canada weekly canola crushings up 0.8 percent.

European Central Bank opens door to action ahead of December 9 summit.

0 comments

Palm oil not that visible on grocer shelves

Posted by Flora Sawita Labels: canola, grapeseed, olive oil, palm oil, soybean, Trader Joe's

I'm now on vacation in Los Angeles, California.

This morning, I sauntered into a local chain grocer called Trader Joe's, famed for catering to shoppers who care deeply for certified organic food.

California is the first state in the US to ban trans fat from its food and palm oil would deem ideal to fulfill this health requirement.

While a handful of food manufacturer have started to recognise the versatility and nutritional benefits of palm oil, outright retail of palm cooking oil on supermarket shelves is almost non-existent. As I walked past the aisle displaying shelves of cooking oil, my eyes scanned through all the lables.

There were plenty of extra virgin olive oil, canola, grapeseed and sunflower. But, there was no soybean or palm oil.

Soybean and palm oil are not freely available as cooking oil in the US because they are very much incorporated in processed food like cookies, cakes, pastry, chewing gum, chocolate, and many more.

If you have a a frank talk with scientists in snack food companies, they'll tell you that palm oil is one of the rare 'cheap and good products' that is still available today.

0 comments

Palm | Kelapa Sawit

About Us

Follower

Popular Posts

Blog Archive

About This Web

India's oilseed output up,rapeseed falls

India's palm imports to rise as rapeseed output slumps

Australia's wheat output seen down

India's rapeseed output seen down

ICE canola hits near 2-week top on S.America worries

ICE canola hits near 2-week top on S.America worries

Canadian canola futures fall (14 Jan 2012)

Canadian canola futures fall (14 Jan 2012)

Canadian canola futures rise

Palm oil not that visible on grocer shelves

Label