International Grains Council cuts its forecast for 2020/21 global grains production

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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 […]

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World 2020 cereal production forecast reduced further; global output seen reaching new record

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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 […]

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Origo’s commodities securitization drive to pick momentum, confident of creating a new asset class

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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 […]

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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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India plans to provide soft loans to grain-based distilleries to increase ethanol capacity

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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 […]

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Punjab to encourage farmers to switch to maize cultivation instead of less remunerative paddy

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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 […]

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Global cereal markets to remain well supplied in 2020/21, says FAO

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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 […]

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Global food commodities index rises as prices of several staples reach multi-month highs

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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. […]

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