The Solvent Extractors' Association and the government of Nampula province signed a three-year statement of interest on a sustainable oilseed and vegetable oil corridor through the port of Nacala.
AgribusinessWith bottled soybean oil in shorter supply, traders have asked for a price rise; Commerce Minister Khandaker Abdul Muktadir said the government will decide only after checking the situation.
AgrotechThe US gene-editing firm and the Indian crop company will develop and license edited traits in Brassica juncea, India's main edible oilseed, where yields lag leading producers.
One- and two-litre bottles of soybean oil are missing from Dhaka grocers and loose oil sells Tk 15 a litre above the set price; retailers and the Consumers Association of Bangladesh say supply is being held back to force a rise.
World Bank Pink Sheet figures show the June-August average price of palm oil down 1.9 per cent and soybean oil down 2.5 per cent on the previous three months. At Khatunganj in Chattogram, the country's largest edible-oil wholesale market, both have risen by about Tk 300 a maund in six weeks, which t
Market ManagementRefiners had been preparing to raise retail prices by about 8% as landed costs climbed 8-11%; the lower import duties give them room to hold prices through the festive months instead.
Market ManagementAhead of the festive season, India cut basic customs duty on crude soybean and palm oil to 5%, scrapped it on crude sunflower oil and lowered duties on refined oils, as retail prices run 8-16% above last year.
Market ManagementThe latest outlook puts the US soybean yield at 52.8 bushels an acre and production near 4.5 billion bushels, with exports of 1.69 billion bushels and a $12.00 season-average price.
CropsMost of Bangladesh's edible oil is imported. To cut that bill, farmers across the Khulna region are growing sunflowers under the government's PARTNER project on saline land that used to lie fallow after the aman rice harvest.
CropsLoam soil, a November sowing and 8 to 10 kg of seed a hectare: BARI Surjomukhi-2 yields 2.0 to 2.3 tonnes a hectare in rabi, with 42 to 44 per cent oil in the seed. Varieties, care, costs and returns in one guide.
