IGC raises world total grains production in 2020/21 by 9 mln tons m/m to 2.224 bln tons

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The International Grains Council (IGC) has raised the forecast for world total grains production, including upgrades for wheat and maize, in 2020/21 by 9 million tons month-on-month to 2.224 billion, an increase of 2% y/y (year-on-year). “Because of increased consumption, projected total grain carryover stocks at the end of 2020/21 are 2m t lower m/m, at […]

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Maharashtra’s farmer group urges SEBI not to consider ban on soybean futures trading

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A leading farmers’ association in Maharashtra, Shetkari Sanghatana, has urged capital markets watchdog SEBI (Securities and Exchange Board of India) not to consider the demand of Soybean processors lobby to momentarily put a ban on the futures trading in soybean on NCDEX. Speaking with indoasiancommdoties, Anil Ghanwat, President of the Shetkari Sanghatana strongly maintained that the demand […]

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World’s top palm oil producer Indonesia projected to reach record output

Favourable weather and surging prices of palm oil are projected to drive world’s top producer Indonesia’s output and exports this year to a record 45.5 million tons during this marketing year, according to the US Food and Department of Agriculture (USFDA). “As the economy rebounds and social distancing and travel restrictions are eased, soybean and soybean meal […]

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Soybean meal exports from India rise almost 600% in January 2021

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South America’s adversity has turned out to be India’s blessing. Because of planting delays and the rains that have disrupted soyabean plantation and delayed harvest in south American countries like Brazil and Argentina, Soybean meal exports from India rose nearly six fold to 3.36 lakh tonnes during January because of higher demand in global markets. […]

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Strong demand from China, tight supplies propels 50% rise in US soybean prices

Brisk demand from China and tight supplies has propelled a 50% rise in US soybean prices since mid-August, according to the United States Department of Agriculture (USDA). After falling back a tad from late-November highs, prices in December continued to rise. Cash prices pushed past $13/bushel in early January in tandem with futures prices that rose […]

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Yearend – Brazil, Australia iron ore shipments set record; China spearheads other commodities

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The total volume of iron ore dispatched to global destinations from Australia and Brazil was 29.7 million tonnes in December, the highest since June 2019, according to a survey from Mysteel. Iron ore shipments from ten Australian ports bound for global destinations hit 21.7 million tonnes, and the tonnage shipped from Brazil’s nine ports to reach […]

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