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Soyameal exports double during last fiscal - The Hindu BusinessLine
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India s y-o-y export of oilmeal jumps 82% in March 2021
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Alleging speculative rise in soyabean prices, SEA demands SEBI probe
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SEA said that the poultry industry which is heavily dependent on soya meal to feed the birds has been driven to the wall and finding it difficult to survive in these Pandemic times. Needless to say soya meal exports will now be out of question as we are heavily out-priced in international markets.
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PUNE: Edible oil industry association Solvent Extractors Association (SEA) has alleged speculative increase in prices of soybeans. The rise in prices has been 26 per cent during one months making Indian soyameal out-priced in the international markets, said SEA.
SEA seeks SEBI’s intervention on NCDEX soya futures trend
April 16, 2021
Soy beans on wooden background - istock.com/Rouzes×
prices have reached ₹7,250 a quintal, which were just ₹5,750 a quintal a month ago
Seeking the SEBI’s (Securities Exchange Board of India) intervention to maintain the orderly development in soyabean contract on NCDEX futures market, the Solvent Extractors’ Association (SEA) of India has said that the market is now completely dominated by the speculators and moving upward every day.
In a letter to SEBI on Friday, Atul Chaturvedi, President of SEA of India, said both soya crushing and poultry industry are suffering in the process, and this has the potential of fuelling further food inflation in the country over the past few weeks, he said soyabean prices have reached ₹7,250 a quintal. They were just ₹5,750 a quintal a month ago. It is hard to fathom what has changed so dramatically in such a short period of time to warrant this unprece
March Palm Oil Imports Up 57% Year On Year March Palm Oil Imports Up 57% Year On Year In March, India imported 5,26,463 tonnes of palm oil last month, while shipments of soy oil eased by 3% to 2,84,200 tonnes.
India s palm oil imports increased in March
India s palm oil imports in March jumped 57% year on year as refiners upped purchases of the commodity in order to cut down on dearer sunflower oil imports, according to a statement issued by the trade body Solvent Extractors Association (SEA) on Wednesday.
In March, India imported 5,26,463 tonnes of palm oil last month, while shipments of soy oil eased by 3% to 2,84,200 tonnes, the statement further said.
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