Palm imports increase 7% during Nov-March; soft oil shipments down
SEA expects that record mustard production would help reduce the import of vegetable oils in the coming months
India’s palm oil imports increased 7.10 per cent but those of soft oils declined by 14.38 per cent in the first five months of the oil year 2020-21.
The Solvent Extractors’ Association (SEA) of India, the apex body of oil crushers, is of the view that the record mustard production in India would help reduce the import of vegetable oils in the coming months.
Govt launches electronic trade platform for aqua farmers, exporters
e-SANTA aimed at raising farmers’ income, improving traceability for exports
The government has launched e-SANTA, an end-to-end electronic trade platform, between aquaculture farmers and exporters. The platform is aimed at enabling farmers get better price by eliminating middlemen and helping exporters directly purchase quality products from farmers enhancing traceability, a key factor in international trade.
“e-SANTA will raise income, lifestyle, self-reliance, quality levels, traceability, and provide new options for our aqua farmers,” Commerce & Industry Minister Piyush Goyal said at the virtual inauguration of the portal.
‘Unusual’ movement in NCDEX soyabean futures on speculation over availability
Oilseed crushers seek Govt intervention; poultry, aqua sector protest against meal price spike
An unusual movement in soyabean futures on the National Commodities and Derivatives Exchange (NCDEX) has led to a hue and cry being raised with oilseed crushers complaining to the Centre.
On Tuesday, soyabean for delivery this month ended at ₹6,910 a quintal, while May and June futures closed at ₹6,727 and ₹6,570, respectively. NCDEX spot soyabean (Indore delivery) was quoted at 7,070 a quintal.