World cereal production to increase in 2019, but stocks to still decline slightly in 2019/20, says FAO

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Early prospects point to a likely rebound of 2.7 percent in global cereal production in 2019, following a decline registered in 2018, the U.N. food agency said in its latest report. “Based on the conditions of crops already in the ground and on planting intentions for those still to be sown, and assuming normal weather […]

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Exports of certain commodities to Maldives exempted from restrictions in FY20

Exports of specified quantity of essential commodities to Maldives have been exempted from any kind of domestic restrictions or prohibition in the current fiscal, PTI reported, citing an official notification. “Export of potatoes, onion, rice, wheat flour, sugar, dal and eggs has been permitted to Maldives under bilateral trade agreement between India and Maldives during […]

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International Grains Council raises forecasts for 2019-20 world wheat, corn crops

The International Grains Council (IGC) has raised its forecasts for world wheat and corn production in the 2019/2020 season. The 2019-20 projections indicate a return to the bearish combination of rising production and stocks last experienced in 2017-18. The inter-governmental body, in a monthly update, increased its global wheat crop forecast by 3 million tonnes […]

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India’s wheat production estimated at 25.16 million tonnes

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The government of India has estimated the country’s wheat production at 25.16 million tonnes in the 2018-19 Rabi crop sowing season. The estimate came in a meeting of the Federal Committee on Agriculture (FCA). The FCA, which was tasked with overseeing strategic measures to ensure food security in the country, reviewed harvests of Rabi crops […]

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Egypt’s GASC to pay for wheat within 180 days instead of immediately

Egypt, the world’s largest wheat importer, will go back to paying its grain suppliers within 180 days instead of immediately, a government source and traders said. Egypt’s state grain buyer GASC had said in January it would start immediate on-site payment after obtaining financing from Islamic Trade Finance Corp. for its international purchasing tenders. Before […]

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