India bought canola oil for delivery in August for the first time in nearly five years, as local prices hit a three and a half-year high, making overseas purchases lucrative, industry officials told Reuters.
India imports canola oil after 5 years as local prices surge
Indian rapeseed meal exports soar as China replaces Canadian canola supply
China placed Canadian canola oil, meal under a 100 per cent tariff in March
China is set to make record purchases of rapeseed meal from India following Beijing's move to impose a 100 per cent retaliatory tariff on Canadian canola imports, senior industry officials said.
China boosts Indian rapeseed meal purchases after tariff on Canadian canola imports
China has bought 52,000 tons of Indian rapeseed meal in the past three weeks after Chinese authorities imposed a 100 per cent retaliatory tariff on Canadian canola imports, industry sources said.
India faces warmer February, winter crops at risk
India is set to see above-average temperatures in February after a warmer than normal January, the weather office said on Friday, posing a risk to key winter-sown crops such as wheat, rapeseed and chickpeas.
Modi’s inflation-blowing farm pivot may not be enough to win key Indian state
Indian Prime Minister Narendra Modi has taken several pro-farmer but inflation-stoking measures in recent months, such as easing curbs on rice and onion exports, but that may not prove enough for him to sway an election on Wednesday in a key state.
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