International Grains Council cuts its forecast for 2020/21 global grains production

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The International Grains Council (IGC) cut its forecast for a record global grains production by 9 million tonnes to 2.21 billion tonnes in 2020/21. The council also trimmed its projection for consumption during the season. In its monthly update, the inter-governmental body cut its forecast for corn (maize) by 13 million tonnes, partially offset by […]

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China to overtake EU as the world’s largest wheat producer in 5 Years : IGC

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China could overtake the European Union as the world’s largest wheat producer over the next five years even as global wheat production will climb to record highs, buoyed mainly by increases in yields, according to the International Grains Council (IGC). World’s output of the grain is expected to climb to 822 million tons by 2025/26, […]

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World 2020 cereal production forecast reduced further; global output seen reaching new record

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FAO’s forecast for global cereal production in 2020 has been lowered for the third consecutive month, with downward revisions for all the major cereals. Nonetheless, global cereal production is still expected to reach a record high level of 2 742 million tonnes, 1.3 percent above the previous year’s outturn, the UN food agency said in its latest […]

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World’s third largest wheat producer US output to dip in 2020/21

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World’s third largest wheat producer the US output estimates for 2020/21 is expected to dip slightly this month,  according to the US Department of Agriculture (USDA). The country’s output of the grain is expected to drop by 5 million bushels 180,000 kg) to 120 million bushels.  However, exports are likely to increase by 10 million bushels […]

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Global grains production forecast cut by 7 million tonne month/month to 2.219 billion tonnes – IGC

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The forecast for world total grains (wheat and coarse grains) production in 2020/21 is cut by 7m t m/m (month-on-month), to 2,219m, with a 10m downward adjustment for maize only partly offset by upgrades for other grains, the International Grains Council (IGC) said in its latest monthly report. The reduced outlook for global maize production is mainly […]

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Food Corporation of India to offer fixed costs to arhatiyas (commission agents) for rice procurement in Punjab and Haryana

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The Food Corporation of India (FCI), the largest procurer of farm produce from the APMC mandis, has started a paying a fixed fee for commission agents (arhatiyas) in Punjab and Haryana, for rice purchases during the current kharif season, instead of an MSP-linked fee. The move could deflate the FCI’s procurement cost over the years, […]

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Global cereal output still expected to reach an all-time high despite downward revisions, says FAO

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The UN food agency on Thursday reduced the world’s 2020 cereal production for a second consecutive month, by nearly 13 million tonnes, largely on expectations of diminished world coarse grains production, but global cereal output was still forecast at a record 2 750 million tonnes, surpassing the 2019 output by 1.6 percent. The reduction in […]

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