China 2021/22 cotton imports are forecast to fall more than 4.3 million bales from the previous year to 8.5 million, down 300,000 bales this month and significantly less than previous projections, the US Department of Agriculture said in its latest monthly report. It said this was mainly because massive earlier imports were still in bonded […]
Global wheat production is down this month primarily on smaller crops in India and the European Union, only partially offset by an increase for Russia, the U.S. Department of Agriculture said in its latest monthly report. It also lowered global consumption forecast and said ending stocks were also being revised down mostly on lower supplies […]
Global 2022/23 oilseed production is forecast at nearly 647 million tons, slightly lower compared to May, as reduced sunflowerseed in Ukraine and rapeseed in the European Union more than offset gains for soybeans in Ukraine and Zambia and rapeseed in Australia, the U.S. Department of Agriculture (USDA) said in its latest monthly report. Oilseed exports […]
India has no immediate plans to lift a ban on wheat exports, but will continue with deals which are done directly with other governments, Commerce Minister Piyush Goyal told Reuters. The world’s second biggest producer of wheat banned private overseas sales of the grain on May 14 after a scorching heat wave curtailed output and […]
Soybean oil prices have soared to a record high on Indonesia’s decision to effectively ban exports of palm oil. The loss of shipments from Ukraine, the world’s top supplier of sunflower oil, and drought in the world’s top soybean oil exporter Argentina had already sparked a sharp rise in global vegetable oil prices. The tightening vegetable oil supplies come […]
Rice quotes have remained remarkably stable amid sufficient supplies and no disruptions to major exporters even while global grain markets have been significantly affected by the Russian invasion of Ukraine and the near-complete cessation of Ukraine grain exports. Ukraine is a major wheat and corn exporter, and the war has resulted in a sudden shift […]
Global rice supplies forecast is raised by 4.9 million tons to 701.6 million, mainly on higher production for India, which is projected at a record 129.0 million tons, up 4.0 million, the USDA said in its latest monthly report, adding it was based on the Indian government’s Second Advanced Estimates of Production and a favourable […]
Global coarse grain production for 2021/22 is forecast 1.5 million tons higher to 1,498.9 million, the USDA said in its latest forecast, adding that this month’s foreign coarse grain outlook is for larger production, lower trade, and greater ending stocks relative to last month. “Foreign corn production is forecast modestly higher with increases for India […]
The 2021/22 global outlook this month is for higher production, decreased trade and consumption, and larger ending stocks, the U.S. Agriculture Department said in its latest forecast. It said global output is raised mainly on an increase for Australia, where an updated ABARES estimate raised production 2.3 million tons to a record 36.3 million. “World […]
India’s wheat harvest is expected to rise to 110 million tonnes in the crop year 2021-22 (July-June), from 108 million tonnes a year ago, as higher yields offset a drop in the planting area during the current crop season, according to a S&P Global Platts survey of 11 analysts and traders. The bigger harvest is […]
