NAFED issues international tender to buy, import 100,000 tonnes of corn

NAFED has issued an international tender to purchase and import up to 100,000 tonnes of corn (maize), European traders revealed to Reuters. The corn should be sourced from Ukraine, they said. The tender closes on December 3 with offers having to remain valid up to December 24. NAFED, the National Agricultural Cooperative Marketing Federation of […]

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Minimum Support Price hikes add to the woes of India’s farm exports

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India’s farm exports are at a severe peril. First, a global oversupply in agricultural commodities has led to constantly declining agricultural commodity prices. To add to its woes, sustained and regular increases in the minimum support price (MSP) of agri commodities by the Indian government has over-priced the country’s agricultural commodities in the world market. […]

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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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