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 […]
Global oilseed production is forecast to decline slightly in 2019/20 in contrast to the steady rise observed over the past several years, the U.S. Department of Agriculture said in its latest report. Soybean production is projected to fall as reduced plantings and harvest in North America more than offset increases in all other regions, it […]
Climate change is adversely affecting the production of key crops such as wheat and rice, with some countries faring far worse than others, according to researchers. The research, published in the journal PLOS ONE, shows that climate change has already affected production of these key energy sources. The world’s top 10 crops-barley, cassava, maize, oil […]
India is set to grow soybeans on more land in the 2019 crop year as higher prices for the oilseed push some farmers to switch from cultivating competing commodities such as cotton and pulses, a top official of the Soybean Processors Association of India (SOPA) told Reuters. Increased production of India’s main summer-sown oilseed could […]
By Ritwik Sinha Against the backdrop of the bruising US-China trade spat, Indian exporters are hopeful that Beijing will allow direct access to Indian commodities and products soon. China, one of India’s biggest bilateral trade partners, is currently engaged in a bitter tariff war with the Trump administration, forcing it to redraw its international trade […]
India’s monsoon is likely to be a robust and healthy one this year provided there isn’t a surprise El Nino phenomenon, India Meteorological Department (IMD) said. Monsoon rains, the lifeblood for India’s farm-dependent $2.6 trillion economy, arrive on the southern tip of Kerala state around June 1 and retreat from the desert state of Rajasthan […]
The 2018/19 global oilseed outlook includes lower production, crush, and increased stocks compared to last month, the U.S. Department of Agriculture (USDA) said in its latest monthly report. Global oilseed production is down 0.2 million tons, with lower soybean production more than offsetting higher rapeseed and cottonseed, it said, adding that soybean production was reduced […]
India’s soybean output is likely to rise significantly by 38 per cent this year on a sharp increase in average yield across the country, following favourable climatic condition in major cultivating states including Madhya Pradesh, Maharashtra and Rajasthan. Data captured through the latest assessment of farmers, traders and other stakeholders by the apex industry body the Soybean Processors’ Association […]
