Oil & Oilseeds

India’s the edible oil imports witnessed a whopping surge during the oil year ended October 2009, though lot more domestic oil seeds were left uncrushed due to free import duty.

Rice production in Indonesia is expected to hit 64 million tons, according to country’s agriculture ministry.

Not only SEA, that predicted a sharp fall in kharif crop but also CME, which forecasted a decline of 28% in 2008-09 in groundnut production due to 17% lower acreage and fall in yield driven by poor rains and then the floods particularly in Andhra Pradesh, has impacted the production.