IGC revises up world wheat, corn output forecast; India likely to post bumper production

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Total grain production in the 2018/19 marketing year will be 10 million tonnes higher than expected, and global stocks 6 million tonnes more than previously anticipated, as wheat production is expected to rise globally, according to the International Grains Council (IGC). Total wheat production is expected to be 737 million tonnes this year, 8 million […]

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Genetically modified variety of corn could be cultivated in India shortly

The U.S. DowDuPont Inc, world’s second-largest chemical producing company, will conduct final field trial of genetically modified (GM) variety of corn in India once the regulatory system is ready to permit commercial cultivation of such food crops. India has so far permitted commercial cultivation of BT cotton and has imposed  a moratorium on Bt Brinjal. The […]

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Outlook for global grains production raised; spike in US, Ukraine outweigh cuts in EU, Australia – IGC

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The International Grains Council (IGC) has raised its forecast for total grains production in 2018-19 to 2,063 million tonnes, up from 2,059 million tonnes in July but down from 2,092 million tonnes forecast for 2017-18. Total grains consumption is forecast at 2,129 million tonnes, up from 2,128 million tonnes in July and compared with 2,107 […]

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Combined wheat output in Russia, Ukraine and the EU seen at five-year low on poor weather conditions

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Combined wheat production in the European Union, Russia, and Ukraine is forecast down 12 percent from last year to the lowest level in 5 years, the U.S. Department of Agriculture (USDA) said on Friday. It said in its latest monthly production report that the EU wheat crop is down 9 percent from last year on […]

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China regulator gives go-ahead for corn, cotton options

China’s securities regulator has given the green light to launch corn options on the Dalian Commodity Exchange (DCE) and cotton options on the Zhengzhou Commodity Exchange (ZCE), as part of the government’s drive to promote more complex agricultural trading instruments in the world’s biggest commodity market, Chinese media reported. The two exchanges did not, however, […]

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