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 […]
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. […]
The excessive rains this year are likely to affect the soyabean production by around 20 lakh tonne in the country and stand at 89.9 lakh tonne, according to an assessment by the Soyabean Processors Association (SOPA). The soyabean output in 2019 is likely to fall nearly 18% from a year ago. The estimated total production […]
The United States Department of Agriculture (USDA) forecasts India’s cotton production for 2019/20 at 29.5 million 480-pound bales, up nearly 2 per cent from last month and up 11 per cent from the previous year. The increase is based on improved weather conditions in the major cotton areas of Gujarat and Maharashtra. Harvested area is […]
After discounting availability of soybeans and considering strong domestic demand for animal feed, the out-year Indian oilmeal export forecast is lowered 6.2 percent to 3 million tonnes, as per the latest update from United States Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS). The export basket will include 2 million tonnes of soymeal, a little […]
World soybean demand in 2019-20 marketing year (October-September) is projected at 148.86 million tonnes, up 1 per cent year on year, due to increased Chinese purchases, according to the latest report by the US Department of Agriculture (USDA). The world’s top soybean importer, China is expected to buy 85 million tonnes of soybeans in 2019-20, […]
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 […]
Farmers have reduced area under cotton sowing this season in favour of some oilseeds in which they foresee better earnings. Cotton prices, despite a much lower crop as estimated by trade and industry, have not given them much returns in the last season. Lower cotton acreage and lower availability at a time when crude oil prices are falling is likely to raise […]
In a major boost to the farmers’ income, the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the increase in the Minimum Support Prices (MSP) for all Kharif crops for 2019-20 Season. The move will lead to increased investment and production through assured remunerative prices to the farmers, an official […]
Global soybean production in 2019-20 is forecast to reach 355.4 million tonnes, a 2 per cent year-on-year decline, as US soy harvest is estimated to decline due to low prices, high carry-over, weather issues, and uncertainty over trade with China, according to the US Department of Agriculture (USDA). In 2019-20, Brazil and US will continue […]
