Pandemic tears through India’s agriculture commodity demand; exports show resilience

India’s agriculture industry is in a wait-and-watch mode amid the worsening pandemic situation, as localised lockdowns have stagnated market demand, while any subsequent stricter restrictions in the coming days are expected to slow down trading activity and disrupt supply operations. Even though agriculture and allied activities are exempted from government restrictions so far, several markets […]

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International Grains Council sees record global grain production in 2021/22 season

The International Grains Council (IGC) forecast global grain production would climb to a record 2.287 billion tonnes in the 2021/22 season, but expects the larger supply to be entirely absorbed by higher consumption. In its first full assessment for the 2021/22 season, the inter-governmental body projected a balanced market, with stocks at the end of […]

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Self sufficiency ‘achieved’ in grain seeds: China

China’s grain output has exceeded 650 million metric tonnes for six consecutive years and the country has basically achieved self-sufficiency in terms of grain seeds, political adviser Wan Jianmin said during an interview to chinadaily.com.cn before the opening of the fourth session of the 13th National Committee of the Chinese People’s Political Consultative Conference that will […]

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India notifies modified scheme on ethanol production to assist distilleries

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The Indian government notified a “modified” scheme to provide financial assistance to distilleries producing first-generation ethanol from feedstocks, including cereals. The assistance will be given for capacity expansion, setting up of new ethanol distilleries or converting molasses-based distilleries to dual feedstock. In a statement, the government said sugar mills, distilleries or entrepreneurs are required to submit an application in a prescribed […]

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Global grains production forecast cut by 7 million tonne month/month to 2.219 billion tonnes – IGC

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The forecast for world total grains (wheat and coarse grains) production in 2020/21 is cut by 7m t m/m (month-on-month), to 2,219m, with a 10m downward adjustment for maize only partly offset by upgrades for other grains, the International Grains Council (IGC) said in its latest monthly report. The reduced outlook for global maize production is mainly […]

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