Wheat sowing in India has picked up in the ongoing rabi season as the crop was planted in 4.28 per cent additional area equivalent to 8.34 lakh hectare more compared to the year-ago period, said data released by the Agriculture Ministry. Wheat is the main rabi crop, the sowing of which begins from October and […]
China boosted its soybean production by 13 per cent in 2019 amid a trade war with No. 2 supplier the United States, official data showed on Friday, helping it record a slight rise in total food crop output. Soybean production jumped to 18.1 million tonnes, the National Bureau of Statistics said, with the area devoted […]
FAO’s latest forecast for 2019 world cereal production is pegged at an all-time high of 2 714 million tonnes, up some 0.4 percent from the November figure and now almost 57 million tonnes (2.1 percent) above the reduced outturn in 2018. The month-on-month increase primarily reflects an upward revision to world coarse grains production, associated with higher-than-previously […]
India’s wheat production could jump to a second consecutive annual record in 2020 as the wettest monsoon in 25 years is set to help farmers in expanding the area under the winter-sown crop while also boosting yields, industry officials told Reuters. But that higher production would add to India’s already swelling inventories, potentially forcing the world’s second-biggest wheat producer to […]
The Cabinet on Wednesday increased the authorised capital of Food Corporation of India (FCI) to Rs 10,000 crore from the current Rs 3,500 crore. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved increasing the authorised capital of the FCI. “With the increase of authorised capital, additional equity capital […]
The International Grains Council (IGC) has raised its forecast for world total grains (wheat and coarse grains) production in 2019/20 by 5 million tonnes month-on-month to 2,162 million tonnes, mainly because of an upgrade for maize. Reflecting better than expected yields, but slightly smaller than predicted harvested area, the outlook for the US maize crop […]
Total area sown with winter crops (Rabi) in India reached at 251 lakh hectares so far, about 10 per cent lower than the 276.83 lakh hectares planted in the corresponding week last year. According to the latest rabi sowing data released by the Agriculture Ministry, there is a substantial shortfall in the planting of gram […]
The Indian government is considering cutting reserve price of rice by almost Rs 500 per quintal for bulk buyers to boost its sale through open market. India is sitting on a huge buffer stock of rice. FCI, the government’s nodal agency for procurement and distribution of foodgrains, has 23.1 million tonnes of rice and 37.3 […]
Wheat planting remained lower by 37 per cent at 9.69 lakh hectare till last week of the ongoing rabi (winter) season of the 2019-20 crop year, but the acreage under oilseeds was higher during the period, according to the agriculture ministry’s latest data. According to the latest data released by the ministry, farmers have planted […]
India’s farm exports are at a severe peril. First, a global oversupply in agricultural commodities has led to constantly declining agricultural commodity prices. To add to its woes, sustained and regular increases in the minimum support price (MSP) of agri commodities by the Indian government has over-priced the country’s agricultural commodities in the world market. […]
