The global coarse grain outlook for 2021/22 is for record production and use, and larger ending stocks, the U.S. Department of Agriculture (USDA) said in its latest WASDE report, adding that world corn production is forecast record high, with the largest increases for the United States, Brazil, China, Ukraine, and Argentina. “Global corn use is […]
The initial global wheat outlook for 2021/22 is for larger supplies, higher consumption, increased trade, and marginally higher stocks with supplies projected to increase 8.1 million tons to 1,083.7 million with production projected at a record 789.0 million tons, the U.S. Department of Agriculture said in its May WASDE report. “Higher production for Argentina, the […]
Indian edible oil refiners are reducing imports of palm oil for May and June 2021, as most states have imposed curbs on hotels and restaurants to arrest rising coronavirus infections. Industry people say this has drastically reduced institutional demand for cooking oil. Lower imports by India, the world’s biggest buyer of the edible oil, could limit a rally […]
Skyrocketing raw jute prices in the ongoing 2020-21 season may put an additional burden of Rs 2000 crore on the government exchequer to procure environment-friendly jute bags for food grain packaging. The Centre and various agencies annually procure 10-12 lakh tonnes of jute bags valued at Rs 5,500 crore for packing food grain and sugar. […]
Madhya Pradesh, which had imposed restrictions on the sale of soyabean seeds outside the state, has revoked its order following protests by the Maharashtra government. The Maharashtra government had lodged a complaint directly with the Centre against the ban. Dilip Zende, director, quality control, Department of Agriculture, Maharashtra, told Financial Express that the order by […]
Prices of sugar in the international market have picked up after estimates of declining production in Brazil, the world’s largest sugar supplier. Global sugar prices rose by 20 per cent in April 2021. This is likely to benefit sugar exports from India, sugar industry experts from India feel. Brazilian production is estimated to be almost […]
India’s market year (MY) 2021/22 cotton output was pegged at 29.5 million 480 pound bales (37.8 million 170- kilogram bales/6.4 MMT), four percent higher than last year, but planted on one percent lower area estimated at 12.9 million hectares, according to a report by the USDA. In April, cotton fiber and yarn prices decreased due […]
The Southwest monsoon will in all likelihood hit Kerala on time, according to the Extended Range Forecast (ERF) released by the India Meteorological Department (IMD) on Thursday. The normal date for the monsoon onset over Kerala is June 1. “IMD’s ERF suggests that the monsoon will arrive over Kerala on time, around June 1. This […]
Global soybean production and trade in 2021-22 (October-September) are seen at a record high because of rising demand for the oilseed, the International Grains Council said in a report. This is likely to lead to a spurt in international soybean prices. Global soybean prices have been rising since mid-2020 on robust demand from China, coupled […]
Global coffee prices continued their upward trend in April, as the monthly average of the ICO composite indicator rose to 122.03 US cents/lb, 1.4% higher than in March 2021 and 12% higher than in April 2020, representing the sixth consecutive month of increase and the highest monthly average in over three and a half years, […]
