India's share in the global M&A is increasing significantly. Baring
2009, the Indian M&A market it has growth anywhere between USD 45-55
billion. From where we were around 0.5% five years back, today we are
almost close to 1.5-1.7% of the global M&A market which itself is
growing at a rapid pace.
Ruchi Group of Industries, which recently launched margarine, is planning to introduce more healthy options of edible oils in future, Dinesh Sahara added. Talking about exports, he said, the company is expecting to ship about 1.7-1.8 million tonne soya meal compared to 1.5 million tonne last year. "We are expecting this rise in exports mainly due to higher global demand as the crops in South America was affected following drought," he said. On the soya bean production in the country this kharif season, he said, this year there is likely to be a record crop at about 10.5 to 11 million tonne and the arrivals will peak in mid-October. "The late rainfall did not have any major impact either on the crop yield or the size and this will boost the overall soya bean meal exports to about 5 million tonne this crop year (October-September) from 4.5 million tonne last year," Sahara said.
Rape seed or mustard crop is also likely to be 10-15 percent higher than last year at about 6.5 million tonne in this season mainly due to good rainfall and better soil condition in the producing areas, he said. Last year, the overall mustard output was at 5.34 million tonne. However, due to decline in production of groundnut and cotton seed the import is likely to be at 9.8 million tonne this oil year (November-October), which is yet to end, Dinesh Shahra said. The overall demand, which is also growing at 5 percent yearly, will also add to the rise in imports, he added. "In the next oil year we expect the overall imports to be half a million more than the current year," he said. Ruchi Soya stock price On December 10, 2013, at 10:13 hrs Ruchi Soya Industries was quoting at Rs 34.25, up Rs 3.40, or 11.02 percent.
MORE LINKS:
Just 2/250: Ruchi Soya, ITC fastest homegrowns
Ruchi Soya Industries Ltd (RCSY.BO)Ruchi Soya Industries Ltd
Ruchi Tax Consultancy
Ruchi Soya net jumps over 2-fold to Rs 78.6 cr
Details of PAN and status of Income Tax return
Ruchi Soya Q4 net profit zooms over 2-fold to Rs 78.6 cr
Ruchi Khurrana
Ruchi Saini
Ruchi Group of Industries, which recently launched margarine, is planning to introduce more healthy options of edible oils in future, Dinesh Sahara added. Talking about exports, he said, the company is expecting to ship about 1.7-1.8 million tonne soya meal compared to 1.5 million tonne last year. "We are expecting this rise in exports mainly due to higher global demand as the crops in South America was affected following drought," he said. On the soya bean production in the country this kharif season, he said, this year there is likely to be a record crop at about 10.5 to 11 million tonne and the arrivals will peak in mid-October. "The late rainfall did not have any major impact either on the crop yield or the size and this will boost the overall soya bean meal exports to about 5 million tonne this crop year (October-September) from 4.5 million tonne last year," Sahara said.
Rape seed or mustard crop is also likely to be 10-15 percent higher than last year at about 6.5 million tonne in this season mainly due to good rainfall and better soil condition in the producing areas, he said. Last year, the overall mustard output was at 5.34 million tonne. However, due to decline in production of groundnut and cotton seed the import is likely to be at 9.8 million tonne this oil year (November-October), which is yet to end, Dinesh Shahra said. The overall demand, which is also growing at 5 percent yearly, will also add to the rise in imports, he added. "In the next oil year we expect the overall imports to be half a million more than the current year," he said. Ruchi Soya stock price On December 10, 2013, at 10:13 hrs Ruchi Soya Industries was quoting at Rs 34.25, up Rs 3.40, or 11.02 percent.
MORE LINKS:
Just 2/250: Ruchi Soya, ITC fastest homegrowns
Ruchi Soya Industries Ltd (RCSY.BO)Ruchi Soya Industries Ltd
Ruchi Tax Consultancy
Ruchi Soya net jumps over 2-fold to Rs 78.6 cr
Details of PAN and status of Income Tax return
Ruchi Soya Q4 net profit zooms over 2-fold to Rs 78.6 cr
Ruchi Khurrana
Ruchi Saini
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