The International Grains Council (IGC) cut its forecast for a record global grains production by 9 million tonnes to 2.21 billion tonnes in 2020/21. The council also trimmed its projection for consumption during the season. In its monthly update, the inter-governmental body cut its forecast for corn (maize) by 13 million tonnes, partially offset by […]
FAO’s forecast for global cereal production in 2020 has been lowered for the third consecutive month, with downward revisions for all the major cereals. Nonetheless, global cereal production is still expected to reach a record high level of 2 742 million tonnes, 1.3 percent above the previous year’s outturn, the UN food agency said in its latest […]
Gurgaon-headquartered Origo Commodities, counted among the country’s front ranking agritech startups, has planned to significantly expand its commodities securitization drive in the next fiscal. Speaking with indoasiancommodities, Sunoor Kaul, Co-Founder & Director of the firm said the company is quite enthused with the results of its pilot project conducted in October this year and is […]
When the coronavirus broke upon us early this year, there were genuine worries that the protocol of lock downs would disrupt global food supply chains and spark widespread hunger. Thankfully, those concerns are now receding. Global supply chains are well supplied with staples like wheat, maize and rice, says a USAID report. While prices of rice are […]
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 […]
To boost ethanol production in the country, the government is considering extending subsidised loans to grain-based distilleries. Both the petroleum and food ministries are of the view that ethanol production cannot be dependent on a single feedstock of sugarcane, if the country has to achieve the target of 20 per cent ethanol blending with petrol […]
Prices of many main summer-sown crops are ruling below their minimum support prices (MSPs) at mandis in several parts of India. Kharif crops like jowar, bajra, maize, moong and soyabean were ruling at prices between 8 per cent and 38 per cent below their MSPs during the first fortnight of October. Kharif harvesting season of […]
Punjab’s Agriculture Department has launched a campaign to bring 2 lakh hectares of land under maize cultivation up from the current 1.08 hectares. The department hopes that it will lead to production of 7,60,000 metric tonnes of maize. The Punjab Agriculture Department has also launched a programme to compensate some farmers in paddy dependent districts […]
Global cereal markets are expected to remain adequately supplied in 2020/21 despite this month’s downward revisions to production and inventories, the Food and Agriculture Organization (FAO) said in its latest monthly report. With trade in cereals seen expanding in 2020/21, global cereal markets continue to demonstrate their resilience amidst the challenges and uncertainty caused by […]
The global benchmark price index for food commodities rose in September, led by vegetable oils and cereals, according to a report from the Food and Agriculture Organization of the United Nations. The FAO Food Price Index averaged 97.9 points during the month, up 2.1 percent from August and 5.0 percent higher than its value in September 2019. […]
