USDA raises Indian cotton exports to 4 million bales for Marketing Year 2019/20

The latest data compiled by United States Department of Agriculture (USDA) estimates India’s Marketing Year (MY) 2019/20 cotton exports at 4 million 480-lb bales. This translates into 5.1 million 170-kilogram bales of cotton or 870,000 tonnes. As prospects for global supplies outweigh the global demand, Indian cotton ex-gin prices are marginally higher than the Cotlook […]

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India’s rice exports fall 26.5% in Apr-July 2019 on subdued demand and weak rupee: APEDA

India’s rice exports in April-July declined 26.5 per cent from a year ago to 3.14 million tonnes, a government body said, as demand for non-basmati rice was subdued from African buyers. The country’s non-basmati rice exports plunged 37 per cent during the period to 1.7 million tonnes, the Agricultural and Processed Food Products Export Development […]

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IGC revises down global grain production forecast

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 […]

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INTERVIEW – India could benefit from U.S.-China trade tensions if it builds capacities

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By Biman Mukherjee Though US and China recently agreed to resume their trade talks at the recent G-20 summit, analysts say tensions between two of the world’s largest economies are likely to persist in coming months. India may be in a unique position in Asia to actually benefit from the trade situation. Indoasiancommodities.com interviewed Prof […]

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Trade tensions and higher stocks add uncertainty to global cotton market

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The world cotton market faces continued uncertainty due to the escalating US-China trade war, with prices under additional pressure due to a projected increase in global stocks, the International Cotton Advisory Committee (ICAC) said in its latest monthly report. It said there is some hope that American and Chinese representatives might be able to de-escalate […]

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