SOYABEAN
The food Indians buy is changing, and so is the scrutiny of what companies promise
India's Food Safety and Standards Authority of India has issued over 150 notices to various food and beverage companies. These notices address misleading advertisements, false claims, and labeling violations concerning multiple products. Regulatory actions involve well-known brands like ITC, AWL Agri Business, Dabur, and Hindustan Unilever. Additionally, serious food-safety violations have been flagged against companies like Priyagold and Dodla Dairy.
Sony Marathi ropes in 13 brand partners for 'Kon Honar Crorepati' hosted by Madhuri Dixit
Sony Marathi has onboarded 13 brand partners for the upcoming season of Kon Honar Crorepati, hosted by Madhuri Dixit. The show is set to premiere on October 12, 2026, at 9 pm. ChatGPT and PNG Jewellers will be the co-presenting sponsors for this season's theme, Aata Khel Badalnaar. Various brands, including Fortune+ Soyabean Oil, Avaada, and Sunder Super Coconut Cookies, will join as partners.
Food industry warns of supply shock over Super El Nino
India's food industry is alerting to a potential supply shock projected for the year 2027. Experts indicate that a Super El Nino may disrupt crop production and elevate food inflation. Growing concerns arise over the impact on sugar and oilseed production, particularly in states with severe drought conditions. The livestock sector is also preparing for increased feed costs due to these challenges.
Retail prices of cooking oils may fall after duty cut: Industry body IVPA
Cooking oil prices could ease after the government cut import duties on crude and refined sunflower, soybean and palm oils, industry body IVPA said. The cuts come ahead of the festive season, when demand typically rises. However, the impact on retail prices will also depend on global prices, freight, currency and domestic inventories.
Maharashtra drought deepens, crop output crisis mounts
State agriculture minister Dattatray Bharane has confirmed a large contraction in the production of cotton and soybean, while the agriculture department has initiated an early crop assessment to calculate compensation as farmers are removing wilted crops from fields.
Rohit Sharma’s TV debut draws eight sponsors for Sony’s family game show
Rohit Sharma’s entertainment debut,Family Full House with Rohit Sharma, has signed eight sponsors ahead of its premiere on Sony Entertainment Television and Sony LIV. Skoda, PhonePe and Google Search AI Mode are among the top sponsors, as Sony looks to leverage Sharma’s popularity and the family-game format for brand integrations.
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Pulses, oilseed prices rise as rain deficit hits crops
Key pulse and oilseed prices have risen sharply compared to last year. Scanty rains are affecting the current kharif crop and raising rabi season output concerns. Tur and chana prices have increased significantly, while soyabean and groundnut have seen larger jumps. Forecasts of El Nino are also impacting chana prices for the upcoming rabi season. Despite output worries, industry veterans state the supply situation remains stable.
In 1931, Henry Ford began investing in soybean research; 10 years later, he unveiled a plastic-bodied car that never reached mass production
Henry Ford explored using soybeans for industrial materials, leading to an experimental plastic car. This lightweight vehicle featured 14 molded panels attached to a steel frame. Ford envisioned agricultural products replacing some metals in manufacturing. World War II halted production before this innovative car could be mass-produced. The project remained an unusual chapter in Ford's long history of experimentation.
Cooking oil imports up 5% in first 10 months
India’s soyoil imports hit a record in August as refiners stocked up for the festival season, while palm oil purchases reached a six-month high. Overall edible oil imports climbed to an 11-month high of 1.57 million tonnes, with heavy buying also causing congestion at major ports.
El Nino effect: Monsoon deficit hits 15%; Key pulses and oilseeds at risk
India's monsoon rainfall deficit stands at fifteen percent, impacting nearly half of its districts. This shortage threatens summer-sown crops like pulses and soybeans, potentially reducing yields. Several states are implementing water rationing measures to conserve resources for winter crops. High temperatures are exacerbating the moisture deficit across key agricultural regions.
As govt plans to buy soyabean at MSP, industry demands increase in import duties of cooking oils
The central government will procure soyabean at Minimum Support Price in Maharashtra, Karnataka, and Telangana to support farmers. Meanwhile, the edible oil industry is urging a 15% increase in import duties on cooking oils to counteract cheap imports and stabilize domestic prices.
India likely to import 64 pc less soyabean; nil soyabean meal in 2022-23: SOPA
India's soyabean import is pegged lower by 64 per cent at 2 lakh tonnes in the 2022-23 season on prospects of higher domestic production, industry body SOPA said on Wednesday.
US hopes India to address small trade barriers in soyabean exports
"We believe India has its own space in soyabean and we cannot upset the local production. However, we can demonstrate high-quality soyabean from the US that can be beneficial for Indian food processors," Mark Rosmann, US foreign agriculture service (FAS) in charge of India, Nepal and Sri Lanka, told PTI on the sidelines of an event.
Progressive sowing of kharif soyabean stands at 26% of previous year's total acreage, says top industry body
"The sowing window is open till mid-July so we are not worried about the pace of sowing," said DN Pathak, executive director, SOPA. The total kharif acreage under soybean in 2021 kharif season was 120 lakh hectare, while this year, the sowing as on date has been done on 31.68 lakh hectares.
Soyabean Prices crash by 50% in a month
The sharp fall in prices has angered farmers across Maharashtra and Madhya Pradesh. Some farmers have started sharing soyabean price trends on social media. The industry has claimed that it was not the farmers but the stockists and the hoarders who had benefitted from the high rates.
Soyabean futures fall on rumours about soyameal imports
The soyabean September contract hit the lower circuit on Tuesday morning, with trade closing at Rs 7,618/quintal as the market believes that the country may import soyameal.
Soyabean shows strength, may soon test Rs 3,800-3,820 zone
Soyabean October futures at the NCDEX have gained around 6 per cent in the last one month.
Soyabean price falls 7% in Feb after rising 15% last month
The minimum support price of soyabean for 2018-19 is Rs 3,399 per quintal.
Soyabean prices up about 7% as MP scheme ends tomorrow
Soyabean traded firm across major markets in the country with a 1-3 per cent rise on Wednesday.
Soyabean on an upward curve, headed for Rs 3,600 target
Soyabean prices at NCDEX made a high of Rs 3,488 last week before closing at Rs 3,442 on Friday.
Soyabean may see strong comeback, global rally to help
Soyabean contracts have been on a downward trend since February and have corrected 20%.
Soyabean futures decline on weak global cues
In a similar manner, soyabean for delivery in most- active October month receded by Rs 20, or 0,56 per cent to Rs 3,575 per quintal, having an open interest of 53,530 lots.
Allow import of genetically-modified soyabean from US, industry tells government
The US is keen to export soyabean to India to increase its earnings from agricultural exports to the country, which stood at $1.33 billion in 2015.
Soyabean oil edges up on retailers demand
Soyabean oil prices firmed up by Rs 50 per quintal at the wholesale oils and oilseeds market today on mild demand from retailers.
Groundnut, soyabean oils slide on sluggish demand
Prices of groundnut and soyabean oils fell by Rs 50 per quintal at the wholesale oils and oilseeds market today following subdued demand.
Bearish soyabean investors loose as market price rise
Local punters who built bearish bets on the soyabean futures contract on farm bourse NCDEX were left licking their wounds on Tuesday.
Palmoline, soyabean slide on weak global cues
Prices of palmolein and soyabean oil fell by Rs 100 per quintal on the wholesale oils and oilseeds market today largely on weak global trend.
Soyabean futures tumble on brisk selling
Soyabean prices drifted by Rs 87.50 to Rs 3,865 per quintal in future trade today on heavy selling by traders.
Soyabean futures rise on spot demand, global cues
Soyabean futures prices today moved up by Rs 41 to Rs 3,158 per quintal as participants enlarged their positions on the back of pick-up in demand in the spot market.
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