Mandi prices of several agricultural commodities for which the government has just announced a 5-9% increase in minimum support prices (MSPs) for the 2022-23 season are currently ruling above the MSP. Only the prices of pulses have been subdued, ruling below the benchmark price. Mandi prices of oilseeds, especially soyabean, whose MSP was hiked 9% […]
Global wheat production is down this month primarily on smaller crops in India and the European Union, only partially offset by an increase for Russia, the U.S. Department of Agriculture said in its latest monthly report. It also lowered global consumption forecast and said ending stocks were also being revised down mostly on lower supplies […]
India’s foodgrain production will rise 1.2% on year to a new record of 314.51 million tonnes (MT) for the 2021-22 crop year (July-June), according to the third advance estimate released by the agriculture ministry. In the second advance estimate released in February, the production was seen at 316.06 MT. Wheat production estimate for the current […]
World trade in cereals in the 2021/22 marketing year is likely to witness a 1.2 percent decline compared to the previous year, the FAO said in its latest Cereal Supply and Demand Brief The decline is associated with maize and other coarse grains, while trade volumes for rice are predicted to grow by 3.8 percent and […]
World food commodity prices decreased in April after a large jump the previous month, led by modest declines in the prices of vegetable oils and cereals, the Food and Agriculture Organization of the United Nations (FAO) reported today. The FAO Food Price Index averaged 158.5 points in April 2022, down 0.8 percent from the all-time high reached […]
India’s exports of non-basmati rice touched $6.11 billion in the 2021-22 financial year (April-May), tripling in three years from $2.01 billion in the 2019-20 financial years, becoming the top foreign exchange earner among all commodity exports, a government statement said. According to trade data, India exported rice to over 150 countries, the statement said, adding […]
The government has set the foodgrain production target at a record level of 328 million tonnes for the 2022-23 crop year on the back of good monsoon rains. The target is 3.8 per cent higher than previous year’s output. As per the second advance estimate of the agriculture ministry, foodgrains production is estimated to be […]
The forecast for China rice imports for 2021/22 (July/June) marketing year has been raised by 500,000 tons to 5.2 million tons, the highest since 2018/19, mostly on higher demand for broken rice from India, the USDA said. So far, imports from July 2021 through February 2022 have totaled 3.5 million tons, up 36 percent compared […]
Rice quotes have remained remarkably stable amid sufficient supplies and no disruptions to major exporters even while global grain markets have been significantly affected by the Russian invasion of Ukraine and the near-complete cessation of Ukraine grain exports. Ukraine is a major wheat and corn exporter, and the war has resulted in a sudden shift […]
Global wheat production in 2022 is forecast to be 784 million tonnes, a 1.1 percent increase from 2021, the UN food agency FAO said, adding that the latest estimates took into account the war in Ukraine which is expected to hit output hard. “That estimate factors in expectations that at least 20 percent of Ukraine’s […]
