Higher Import Duty Helps Boost Oilseed Prices The increase in the import duty on vegetable oils, which the government of India (GOI) imposed in mid-November 2017 as farmers complained that oilseed prices were below the Minimum Support Prices (MSPs), appears to be having the desired results. The prices of oilseeds, primarily soy and rapeseed mustard, have increased as have those of the oils. Rapeseed mustard oil prices jumped 6.3 percent within 15 days as soyoil rose about 5 percent in seven days, and both then stabilized at those levels.
Meanwhile, soybean seed prices increased 11 percent and continue to move up, and farmers are received more money for their stocks. They also stopped bringing the seeds to market, and the tight supply...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh has asked the USA for technical assistance to improve grain storage and strengthen quality testing of imported grains. Of major importance to Bangladesh is the “technology to improve grain preservation and grain s...
