USDA reduces global wheat supply estimates, coarse grain output; rice supplies raised on Indian output

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The U.S. Department of Agriculture (USDA) reduced Global wheat supplies are reduced, primarily on lower production forecasts for Kazakhstan and Iraq. Projected 2018/19 world trade is fractionally higher as larger EU and Brazil exports more than offset reductions for the United States and Mexico, it said in its latest World Agriculture Supply and Demand Estimates […]

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Global cotton consumption growth projected to slow to 0.04% in 2018/19

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Global cotton consumption is projected to post its third straight year of growth — but just barely, with an expected increase of only 0.04%, the International Cotton Advisory Committee (ICAC) said in its latest forecast. Many of the top consuming countries are undergoing a slowing in consumption growth, including: East Asia — 6%, down from […]

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World cotton stocks may fall to 17.6 million tonnes in 2018-19: ICAC

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By the conclusion of the 2018/19 season, world cotton stocks are projected to drop to 17.6 million tonnes, reflecting a decrease of 5 per cent from the previous year and registering the fourth straight year of decline, the International Cotton Advisory Committee (ICAC) said in its latest report. Consumption is expected to remain steady but […]

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Chinese revision sees hike in global rice supplies

Global 2018/19 rice supplies are seen increasing by 17.7 million tons to 651.4 million, mostly due to revisions for China, the U.S. Department of Agriculture (USDA) said in its latest monthly report. USDA incorporated China’s rice production revisions from 2007/08 through 2017/18, which consequently raised its supplies over this multi-year period. “The cumulative increases in […]

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Bangladesh’s first LNG import terminal starts operations after docking delays

Bangladesh’s first LNG import terminal in Moheshkhali has started operations following delays caused by technical problems. Bad weather had blocked the floating storage and re-gasification unit (FSRU)’s efforts to dock properly. The FSRU had arrived on site in April 2018 to offload a maiden LNG cargo from Qatar and was initially slated for startup in […]

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