IGC revises down global grain production forecast

The International Grains Council (IGC) has cut its 2019/20 forecast for total grain production, which comprises wheat and coarse grains, to 2148 million tonnes, down 8 million tonnes from the June estimate. The inter-governmental body lowered its 2019/20 global wheat crop forecast by 6 million tonnes to 763 million tonnes, reflecting diminished crop outlooks in […]

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Australia’s winter crop forecast to jump 20 per cent after last year’s drought – ABARES

Australia’s winter crop will jump 20 per cent after a drought-ravaged season last year, national forecaster ABARES said in a statement. It forecast this year’s winter crop to reach 36.4 million tonnes. “Above average May rainfall in South Australia, Victoria and southern New South Wales made for favourable planting and growing conditions in these regions. […]

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World cereal markets remain well balanced in 2018/19, says FAO

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Current world cereal production estimate for 2018, incorporating Chinese historical production revisions, stands at 2 655 million tonnes (including rice in milled terms), the U.N. food agency said in its latest monthly report. Although this figure is 46 million tonnes higher than the previous month’s estimate, world cereal production is still down 1.8 percent (48.8 […]

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India’s wholesale inflation rises to 2.93% in February 2019

Inflation based on wholesale prices rose to 2.93% in February over the previous month due to hardening of prices of primary articles, fuel and power, according to latest government data. According to India’s commerce ministry’s latest release, the price of betel leaves, maize, arhar, bajra, barley, jowar, poultry chicken, moong, masur, wheat, paddy, urad, pork, […]

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Dry seasonal conditions cut Australia’s summer crop prospects; wheat output down to 11-year low

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Drier and warmer than average seasonal conditions in cropping regions in Queensland and northern New South Wales during December and January have reduced prospects of summer crop production in 2018–19 after wheat output fell to 11-year low, the Australian Bureau of Agricultural and Resource Economics (ABARES) said in a report. The final wheat harvest total […]

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Australia says winter crop output to fall by 12% in 2018-19; wheat down 10%

Australia’s total winter crop production is expected to drop by 12 per cent to 33.2 million tonnes, with wheat crop down by 10 percent, as production declines in all eastern states, according to the latest crop report. According to the Department of Agriculture and Water Resources (ABARES) well below average production is expected in New […]

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