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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USDA raises world Wheat supply forecast by 800,000 tonnes

Despite a reduction in Australian production, world wheat supplies for 2018-19 have increased by 800,000 tonnes, according to the latest US Department of Agriculture (USDA) world supply report. A bumper Canadian crop and additional Russian carry-over stocks have levelled out the gap in grain production as Australian production suffers the effects of drought. Canada’s wheat […]

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Uncertainty looms over India’s Basmati rice industry on Iran, EU pesticide residue norms – ICRA

India’s Basmati rice exports face uncertainty thanks to a tightening of pesticide residue parameters by the European Union and U.S. sanctions on Iran that could impact trade between Tehran and New Delhi, ratings agency ICRA said in a report. Basmati exports grew by 23 percent and 14 percent in the 2018 financial years and 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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