Archived Posts

News Flash: February 11, 2016

INDUSTRY


Cos must explore Africa for producing pulses, oilseed: Govt
In a bid to address domestic shortages, Indian companies should consider investing in Africa for production of pulses and oilseeds, Agriculture Minister Radha Mohan Singh said today. India is dependent on import of pulses and edible oils due to a huge supply-demand gap. It imports 4-5 million tonnes (MT) of pulses and 13-14 MT of edible oils annually. Business Standard

BIOFUEL


Think Crude’s Cheap? Biodiesel’s Going for Free in Some Places Biodiesel’s become so cheap in the U.S. that some refiners are being paid to use it. Midwest refiners are paying as little as 64.5 cents a gallon for the fuel after factoring in a $1-a-gallon tax subsidy and other credits. Add further incentives offered by California into the mix and some customers are effectively getting biodiesel for free in the Golden State. Bloomberg

CANOLA


Canadian canola growers believe TPP will mean more exports
The Canola Council of Canada is encouraged by the signing of the Trans-Pacific Partnership (TTP) that will bring more jobs to Canada and bring tariffs on canola oil one step closer to being eliminated. Currently, Japan and Australia have a free trade agreement on canola oil, leaving Canada behind because of tariffs of approximately 15 percent. Crop Protection News

CORN


Russia set to ban US corn, soybean imports
Russia’s agriculture watchdog said Wednesday that it is going to ban imports of corn and soy from the United States starting next week over “unsafe” and “infected” product. Russian officials held a phone conversation with their US counterparts Tuesday during which “expressing serious concern over continued shipments of grain product that is unsafe…” the Rosselkhoznadzor agency said in a statement. Daily Mail

PALM


Crude Palm Oil Futures Rise 1.21% on Pick-up in Demand
Crude palm oil prices were up by 1.21 per cent to Rs 473.80 per 10 kg in futures trading today as participants created speculative positions following rising demand in the spot markets amid firming trend overseas. At the Multi Commodity Exchange, crude palm oil for delivery in February rose Rs 5.70, or 1.21 per cent, to Rs 473.80 per 10 kg, in a business turnover of 485 lots. Economic Times

SOYBEAN


Is Soy Good or Bad for You?
Now, a new study in the Journal of Clinical Endocrinology & Metabolism, showing that soy fights some of the harmful effects of BPA exposure, adds to the evidence that “superfood” may be a more accurate descriptor. For the study, researchers with the Harvard T.H. Chan School of Public Health looked at 239 women who had undergone at least one in vitro fertilization cycle, and analyzed their conception rates in relation to both their diet and their BPA exposure. U.S. News