Kharif production likely to decline by 53% due to heavy post-monsoon showers: NBHC

The country’s kharif food production could be much lower than the Centre’s first advance estimate of a marginal fall. Heavy post-monsoon showers are a key reason. The production of coarse grains, pulses, oil seeds and sugarcane is expected to decline in the summer season of 2019-20 due to late monsoon and erratic and heavy rains […]

Read more

USDA raises 2019-20 global oilseeds production forecast; also raises corn estimates

The United States Department of Agriculture (USDA) has raised its forecast for global 2019/20 oilseed production by 3.3 million tonnes to 574.6 million tonnes, with greater soybean, sunflower seed, and peanut production partly offset with lower rapeseed and cottonseed forecasts. China’s soybean production is projected up 1.0 million tons to 18.1 million tonnes reflecting higher […]

Read more

NCDEX ties up with NSE Indices to launch AGRIDEX, India’s first agri index

In a major move, the National Commodity and Derivatives Exchange (NCDEX) has launched India’s first agri index — ‘NCDEX Agridex’, for easy reference to price variations in agricultural commodities, reports Business Standard. Launched with a composition of 10 leading liquid contracts on the NCDEX platform at present, the index is now available as ‘indicative’. It will be made […]

Read more

IGC estimates 2019-20 world wheat production at 762.3 million tonnes; Soybean at 341 million tonnes

Despite a worsening outlook in the southern hemisphere due to sustained dryness, including drought in Australia, 2019/20 world wheat production is still expected to be higher this year than last, according to the monthly report of the International Grains Council (IGC). Global wheat production in 2019/20 is forecast at 762.3 million tonnes this month, compared […]

Read more

Strong monsoon rains in India not always good news for farmers

20130714-PS-Paddy-04.jpg

India, one of the world’s biggest agricultural producers, experienced its heaviest monsoon rains in 25 years this year. While rain would normally cheer the agricultural heartland, the monsoon was erratic and has left many crops damaged. India is the world’s biggest producer of sugar, cotton and pulses and the second-biggest producer of wheat and rice. […]

Read more