India will receive normal monsoon rains for a second consecutive year, which will help maintain food supplies even as parts of the country are again facing a near lockdown. Leading weather forecaster Skymet predicted that the rains during the June-September monsoon would be around 103% of the historical average. Bountiful monsoons helped India achieve a record […]
Grain markets are keeping a close eye on the upcoming WASDE Report that’s set to be released by the USDA at 11 am Central Time on Friday. The report is released monthly, and provides annual forecasts for supply and use of U.S. and world wheat, rice, coarse grains, oilseeds, and cotton, kmaland.com reported. IAC Desk
The UN Food and Agriculture Organization (FAO) expects world cereal production in 2021 to increase for the third consecutive year and has raised its preliminary global wheat production forecast on better than-earlier-anticipated crop conditions in several countries. Global wheat production is forecast to reach a new high of 785 million tonnes in 2021, up 1.4 […]
India is heading for its fifth consecutive bumper wheat harvest in the upcoming marketing year thanks to favourable weather conditions in the major wheat growing areas, the U.S. Department of Agriculture (USDA) has said in a report. Assuming normal weather conditions through the harvest (April-May), it forecast marketing year (MY) 2020/2021 (April-March) wheat production at […]
The International Grains Council (IGC) forecast global grain production would climb to a record 2.287 billion tonnes in the 2021/22 season, but expects the larger supply to be entirely absorbed by higher consumption. In its first full assessment for the 2021/22 season, the inter-governmental body projected a balanced market, with stocks at the end of […]
Myanmar’s rice exports will likely suffer in wake of the military coup in February that has caused widespread political instability, according to the U.S. Department of Agriculture (USDA). The country’s rice exports in January had grown strongly because of demand from China ahead of the Lunar New Year holidays in February. However, from February, domestic […]
India’s rice production during 2020/21 is estimated at a record 121 million metric tonnes, up 2% from last year, according to the US Department of Agriculture (USDA). The rise in output came due to record yields and a slight increase in the field area. Favourable monsoon rains contributed significantly to the production. Rice is mainly […]
India has displaced Thailand to become the largest export of rice to the price sensitive Sub-Saharan Africa region, as the latter’s output dropped due to drought, the US Department of Agriculture (USDA) said in its latest world agriculture estimate report. “Between 2015 and 2020, Sub-Saharan Africa imports have grown by more than one-fourth. Thailand and […]
Global wheat production in 2021 is likely to increase and hit a new record of 780 million tonnes, according to FAO’s preliminary forecast, as expectations of a rebound in production in the European Union more than offset weather-impacted production prospects for output in the Russian Federation. Maize production in South Africa is expected to reach […]
Asia’s cereal imports are expected to be at record levels in 2020/21, mainly led by robust feed demand in China, according to a report of the Food and Agriculture Organization (FAO). Thanks to a recovery in China’s domestic pork production following an outbreak of African Swine Fever, imports of maize are expected to hit a […]
