Grain markets are keeping a close eye on the upcoming WASDE Report that’s set to be released by the USDA at 11 am Central Time on Friday. The report is released monthly, and provides annual forecasts for supply and use of U.S. and world wheat, rice, coarse grains, oilseeds, and cotton, kmaland.com reported. IAC Desk
The UN Food and Agriculture Organization (FAO) expects world cereal production in 2021 to increase for the third consecutive year and has raised its preliminary global wheat production forecast on better than-earlier-anticipated crop conditions in several countries. Global wheat production is forecast to reach a new high of 785 million tonnes in 2021, up 1.4 […]
The procurement process of rabi crops will start from April 1 in Haryana with Chief Minister Manohar Lal Khattar directing authorities to ensure transfer of full payment directly into farmers’ bank account. Presiding over a review meeting regarding procurement process of rabi crops here, the Chief Minister directed the concerned officials to make all necessary […]
The International Grains Council (IGC) forecast global grain production would climb to a record 2.287 billion tonnes in the 2021/22 season, but expects the larger supply to be entirely absorbed by higher consumption. In its first full assessment for the 2021/22 season, the inter-governmental body projected a balanced market, with stocks at the end of […]
Australia’s wheat exports to China are soaring despite frictions over trade and diplomacy between the two countries. China’s wheat imports from Australia in the first two months of the year rose by 479.3% more than the volumes in the same period a year ago, according to The South China Morning Post. Demand for wheat has surged […]
The International Grains Council has revised (IGC) its estimate for the world’s total grain output up by 2% on year to 2.22 billion tonnes during 2020/21. The total output will be boosted by record production of wheat, maize, and barley. Global rice output is seen 1% higher at 504 million tonnes. Higher consumption of grains […]
Haryana’s Deputy Chief Minister Dushyant Chautala said the state government has made all the arrangements at the mandi-level for the procurement of rabi crops at the minimum support price (MSP). The procurement of rabi crops will begin in two phases, he said. Chautala, who also holds the Food, Civil Supplies and Consumer Affairs Department, said […]
The global wheat stocks-to-use ratio is anticipated to decline in 2020/21 despite record production, with consumption up more than 10 percent from the prior year on more use in China and India, the U.S. Department of Agriculture said in its latest monthly update. Global stocks are up only marginally from 2019/20. Approximately half of stocks […]
Global wheat production in 2021 is likely to increase and hit a new record of 780 million tonnes, according to FAO’s preliminary forecast, as expectations of a rebound in production in the European Union more than offset weather-impacted production prospects for output in the Russian Federation. Maize production in South Africa is expected to reach […]
While the Covid-19 outbreak disrupted crop plantings and raised the spectre of hunger in poorer nations including parts of India, the year ahead is looking brighter because of a stronger global outlook for cereals. The most important food staple, their consumption in 2020/21 is expected to rise by 2% above the level of 2019-20 to […]
