Global 2022/23 wheat production lowered on smaller crops in India, EU; rice output seen higher

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Global wheat production is down this month primarily on smaller crops in India and the European Union, only partially offset by an increase for Russia, the U.S. Department of Agriculture said in its latest monthly report. It also lowered global consumption forecast and said ending stocks were also being revised down mostly on lower supplies […]

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Wheat procurement this year likely to hit a 13-year low; drops by 54% to 18.65 million tonnes

The government’s wheat procurement in the current year has fallen by more than 54% year-on-year to 18.65 million tonnes (mt) till last week. Government’s purchase of wheat by the Food Corporation of India (FCI) and other agencies at the Minimum Support Price may not touch 19 mt against 43.34 mt purchased last year during rabi […]

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India’s food grain output estimated at record 314 million tonnes for 2021-22 crop year (July-June)

India’s foodgrain production will rise 1.2% on year to a new record of 314.51 million tonnes (MT) for the 2021-22 crop year (July-June), according to the third advance estimate released by the agriculture ministry. In the second advance estimate released in February, the production was seen at 316.06 MT. Wheat production estimate for the current […]

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India to seek exception from World Trade Organisation (WTO) for exports of grain 

India is likely to push for “special carve-outs” in the World Trade Organization (WTO) rules in its ministerial meeting starting June 12. The “carve out rule” allows a country to ship out grains from its official reserves under exceptional circumstances to help address a global food shortage.  At present, WTO rules make it difficult for […]

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