The US Department of Agriculture estimates 2019/20 India wheat production at 100.0 million metric tons, up slightly from the previous year because of ideal growing conditions which boosted yields. Area harvested is estimated at 29.8 million hectares, down slightly from 2018, the USDA said in a report, adding that yield is estimated to reach record […]
Global wheat production is forecast at a record 777 million tons, rebounding 46 million from last year, the U.S. Department of Agriculture said in its latest report. Production among the top exporting countries is projected up a combined total of 34 million tons as nearly all are expecting larger crops, it said, adding that the […]
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 […]
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 […]
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 […]
Agriculture prices are projected to fall 2.6 per cent this year but are estimated to rebound in 2020 due to lower crop production and higher costs for energy and fertilisers, the World Bank said in its April Commodity Markets Outlook. Agricultural and food prices are expected to remain stable over the medium term. However, sharp […]
The government is likely to raise the import duty on wheat from the current 30 per cent to 40 per cent to rule out any possibility of cheaper imports amid the harvesting of the new crop. The import duty increase will force flour millers to buy wheat from FCI, which is set to offload stocks […]
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 […]
The International Grains Council (IGC) forecast that grains stocks would fall further in the 2019 season with an anticipated increase in both wheat and corn production insufficient to satisfy record demand. IGC see total stocks of grain falling by 29 million tonnes this season to 575 million tonnes following a 44 million tonne drawdown in […]
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 […]
