USDA raises 2019-20 global oilseeds production forecast; also raises corn estimates

The United States Department of Agriculture (USDA) has raised its forecast for global 2019/20 oilseed production by 3.3 million tonnes to 574.6 million tonnes, with greater soybean, sunflower seed, and peanut production partly offset with lower rapeseed and cottonseed forecasts. China’s soybean production is projected up 1.0 million tons to 18.1 million tonnes reflecting higher […]

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Global pepper output to tank for first time after several years: Nedspice Report

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Netherlands-based Nedspice estimates global pepper production to decline this season by 74,000 tonnes for the first time after several years, mainly driven by unfavourable weather in Vietnam, reports Financial Express. However, the mismatch between global supply and demand of the spice will continue to put pressure on the price with supply seen higher by almost […]

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ADB trims growth forecasts as Asia’s biggest economies slow; India lowered to 5.1%

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The Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as growth in the People’s Republic of China (PRC) and India is weighed down by both external and domestic factors. In a supplement to its Asian Development Outlook 2019 Update released in September, ADB now expects gross domestic product […]

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India’s real GDP growth in FY20 likely to be below 5%: IHS Market report

India’s real GDP growth in the 2019-20 fiscal is expected to be slightly below 5 per cent as the impact of stimulus measures will take time to filter through to the economy, IHS Markit has said. The latest GDP data for the July-September quarter showed a significant further moderation in the pace of economic growth […]

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Global coffee consumption may exceed production in 2019–20: ICO

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Global coffee consumption will exceed production in the 2019 to 2020 coffee year, creating a global deficit of about 502,000 bags, the International Coffee Organization (ICO). “Despite a slowdown in growth, consumption is predicted to overtake production during the course of the year,” the report said. World production in coffee year 2019/20 is projected to […]

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Fund-starved Maharashtra sugar industry pin hopes on the state’s new coalition government

The ailing Maharashtra cooperative sugar sector sees its fortunes reviving with the prospective installation of the three-party government in Maharashtra, which has the support of the Sharad Pawar-led Nationalist Congress Party (NCP), says a Business Standard report. A request for working capital support that the mills had made to Maharashtra State Co-op Bank Ltd, the apex bank in the state for cooperative lenders, […]

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