Latest USDA world forecast shows wheat and corn output higher, rice lower

IMG_1908.jpg

The U.S. Department of Agriculture released its latest World Agriculture Supply and Demand estimates with following details: Wheat – Global production is up this month with higher estimates for Australia, Canada, and Russia only partly offset by a downward revision for Iran. Global consumption is raised this month on higher feed and residual use more […]

Read more

Record Australia wheat exports seen on bumper crop, strong global demand

A second consecutive record wheat crop, strong global demand, and reduced competition are set to propel Australia’s wheat exports to record volumes, the USDA said in its latest report of world agriculture, making it the third-largest exporter, eclipsing the United States and Canada, which both have smaller crops, tighter stocks, and high prices. After three […]

Read more

China’s corn production at record level; U.S. too expecting second largest corn harvest ever

corn-field.jpg

In its monthly World Agricultural Production report, USDA’s Foreign Agricultural Service (FAS) indicated that, “USDA estimates China marketing year (MY) 2021/22 corn production at a record 273.0 million tonnes,  5 per cent above the 5-year average of 260.3 million tonnes. Yield is estimated at a record 6.5 metric tons per hectare, highest in five years average. World Agricultural Production. USDA- Foreign Agricultural Service stated that, “The major factors shaping […]

Read more

Vietnam demand seen driving 2020/21 global cotton consumption higher

Robust growth in Vietnam’s cotton yarn and product exports is projected to drive 2020/21 cotton consumption to a record 7.3 million bales, 700,000 higher than the previous year’s downfall from COVID-19, the U.S. Agriculture Department (USDA) said in its latest monthly report. Yarn exports in 2020/21 have already exceeded the previous year’s record by more […]

Read more

World 2021/22 coffee production forecast down 11 million bags on Brazil’s woes

Coffee-beans-scaled.jpg

World coffee production for 2021/22 is forecast down 11.0 million bags from the previous year to 164.8 million, due primarily to Brazil’s combined effect of Arabica trees entering the off‐year of the biennial production cycle and a weather‐related shortfall, the U.S. Department of Agriculture (USDA) said in its annual coffee report. As a result of […]

Read more

Indians drive into online grocery shops to buy everything from mithai to masalas

Screenshot-2021-06-13-at-10.51.11-AM.jpeg

Indian consumers have been increasingly buying grocery online in a trend that is now being dubbed irreversible since the coronavirus pandemic piloted the country’s first lockdown last year, shuttering supermarket and neighbourhood mom-and-pop stores. The convenience of a few clicks on laptops or smartphones from the safety of home that gets groceries delivered to the […]

Read more