International Grains Council raises forecasts for 2019-20 world wheat, corn crops

The International Grains Council (IGC) has raised its forecasts for world wheat and corn production in the 2019/2020 season. The 2019-20 projections indicate a return to the bearish combination of rising production and stocks last experienced in 2017-18. The inter-governmental body, in a monthly update, increased its global wheat crop forecast by 3 million tonnes […]

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India urges basmati rice exporters to adhere to EU norms; exports set to grow

The Indian government has urged rice exporters to conform to the pesticides standards of the European Union (EU) for shipments to the bloc, Iceland, Liechtenstein, Norway and Switzerland. The European Commission had reduced maximum residues level for Tricyclazole to 0.01 parts per million (ppm) from 1 ppm for all crops effective January 1, 2018. Import […]

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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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India rejects US warning that it has violated cotton MPS scheme

India has expelled a counter warning issued by the US claiming that New Delhi’s Market Price Support (MPS) for cotton has broken the allowed levels of trade-distorting domestic support in the past seven years at the World Trade Organization (WTO). The US has alleged that India paid trade-distorting subsidies to its cotton farmers well in excess of the limit […]

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EU imposes definitive anti-dumping duties on Chinese corrosion resistant steel

The European Union (EU) Commission has imposed ‘definitive’ anti-dumping duties on corrosion resistant steel from China until 2022. A probe had already led to imposition of provisional duties in August last year. However, further investigation has now confirmed that Chinese producers were dumping the product in the EU market. This duties will range from 17.2% […]

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Global almonds output seen up 6 percent in 2017/18; India’s imports forecast to rise 9 percent

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Global almond production for 2017/18 is forecast 6 percent higher to a record 1.3 million metric tons (tons) shelled basis on record output in the United States, Australia, and the European Union, the U.S. Department of Agriculture (USDA) said. Similarly, global consumption is expected to continue expanding to a record 1.2 million tons, and global […]

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USDA forecasts global oilseeds production in 2017/18 higher at record 577 million tonnes

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Global oilseed production is forecast higher this month to a record 577 million tons, the U.S. Agriculture Department (USDA) said in its latest supply and demand report, which raised soybean crop prospects for the United States and Russia partially offset by reductions in India and Canada. Here are the details from its latest World Agriculture […]

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