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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World cereal production to increase in 2019, but stocks to still decline slightly in 2019/20, says FAO

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Early prospects point to a likely rebound of 2.7 percent in global cereal production in 2019, following a decline registered in 2018, the U.N. food agency said in its latest report. “Based on the conditions of crops already in the ground and on planting intentions for those still to be sown, and assuming normal weather […]

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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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Eggs, chicken to turn costlier in India as feedstock prices rise

Eggs and chicken are set to become more expensive as the prices of poultry feed ingredients soyabean and maize are firming up due to a shortfall in supplies, companies and traders said. Traders expect maize production in the rabi season to drop further because of drought conditions in Maharashtra, Karnataka and Telangana. However, the situation […]

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IGC trims 2018-19 world grains production forecast

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With small adjustments for wheat, maize and sorghum, the International Grains Council (IGC) has lowered its forecast for world total grains production in 2018/19 to 2,079 million tonnes, declined by 2 million tonnes from its earlier forecast and down 1 per cent year-on-year. In its latest monthly report, the inter-governmental body trimmed its forecast for […]

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