Archived Posts

News Flash: March 31, 2016

INDUSTRY


Edible oil import bill likely to rise 25% in FY17
The country’s edible oil import bill is likely to jump in 2016-17, due to rising prices and a burgeoning supply deficit from local sources. This import has risen 50 per cent over four years. In the past 13 years, output from domestic sources has moved in a narrow range of 5.5–7.25 million tonnes (mt), due to both negligible technological innovation and its use. Business-Standard

Should oilseed supplements be avoided in late-gestation dairy cattle diets?
Oilseed supplementation of dairy cattle diets may have negative effects during the late-gestational period. Canadian researchers are tracking nutritional approaches or ways that dairy cow feed or diet can be used to support or improve fertility, said Divakar Ambrose, lead researcher and professor in the department of agricultural, food and nutritional science at the University of Alberta. Feed Navigator

BIOFUEL


UK biofuel use in transport drops 17% y/y in 2015
UK biofuel consumption in road transport dropped by 17.1% last year compared to 2014, with biodiesel use slumping 30%, government statistics showed today. Bioethanol consumption recorded a smaller 2.1% decline and as a result became the leading biofuel with a 54% share, reversing the 2014 mix, when biodiesel contributed the largest share of biofuel consumption. Renewables

CANOLA


ICE weekly outlook: Canola watching USDA report
ICE Futures Canada canola contracts advanced during the week ended Wednesday, as weakness in the Canadian dollar and solid support from vegetable oil pushed prices higher. The front-month May contract started the period below technical resistance but soon climbed above $470 per tonne and at one point appeared ready to test the $480 mark. Canadian Cattlemen

CORN


Government of Pakistan approves commercialization of biotech corn and cotton and field trials of biotech wheat
The National Biosafety Centre (NBC) under The Ministry of Climate Change held meetings of the Technical Advisory Committee (TAC) and the National Biosafety Committee (NBC) to review long pending applications of multiple biotech crops for lab work, field trials and commercialization submitted by public and private sector institutions and companies. Major crops include wheat (field trials), cotton (commercialization) and corn (commercialization), etc. SeedQuest

‘New GM rules to ensure higher corn output’ Local corn farmers said on Tuesday the new rules on genetically modified (GM) crops recently rolled out by the government will allow them to boost their output and tap the export market. Business Mirror

PALM


Hot weather pushes up palm oil prices in Malaysia
The current El Nino has brought a host of problems, including contributing to the haze from Indonesian fires that blanketed Malaysia for nearly two months late last year. Lately, temperatures have been well above normal, and rainfall low, drying up reservoirs and causing drought in some areas. That’s likely to reduce the country’s rice harvest. CCTV

SOYBEAN


Coming soon: A new customer for high oleic soybeans
Differentiation can be a powerful tool to survive economic downturn. Farmers planting high oleic soybeans have a new customer to which they can market their product. Biosynthetic Technologies, a renewable chemical manufacturer of Irvine, Calif., will use soybean checkoff dollars combined with government funding to build a facility to make motor oil from high oleic soybean oil.  Ag Professional