China is set to decrease its soybean imports, according to the December World Agricultural Supply and Demand Estimates. The decline is not surprising, as horse producers’ margins have been tight which is in line with the […]
Amidst crop insecurity in Brazil, Soy records its first weekly rise in 1-1/2months.
Soy futures in the US have seen their first weekly gain in a half-month due to concerns over Brazil’s crop. On Friday, U.S. soybean futures closed higher in the near-term contract and lower in the deferred […]
The ICE Futures canola market was slightly higher Despite A backdrop of mixed oil outlooks
Despite a backdrop of mixed oil outlooks, the ICE canola market at WINNIPEG, Manitoba-experienced a slight increase On Wednesday. Malaysian palm oil and Chicago soyoil decreased, while European rapeseed increased. Crude oil remained unchanged despite OPEC+ […]
Soybean prices Decline As favorable weather condition benefits Brazil
Brazil’s favorable rainfall caused the Chicago Board of Trade soybean futures to fall, causing concerns about hot, dry weather reducing output in northern and central Brazil. However, the region of concern has decreased, and traders expect […]
Rabi rice sowing area decreased by 8.0%:
According to Department of Agriculture & Farmers Welfare, the area under Rabi rice is decreased by 8.0 percent to 841 thousand hectares as against 915 thousand hectares sowed during the same period last year. Tamil Nadu […]
Rice USDA’s November month Update
The 2023/24 global rice outlook this month is for higher supplies, consumption, trade, and nearly unchanged stocks. World supplies are raised 1.6 million tons to 692.6 million, mostly on higher beginning stocks for India. The country’s […]
Increased Brazilian Soybean Volumes to China in the Dry Bulk Market for 2023
Brazil’s soybean exports to China in the dry bulk market for 2023 have surpassed those of other countries on a monthly basis, with China buying more soybeans from Brazil. However, the freight market sentiment is under […]
Brazil’s soybean Production is at its slowest rate since 2020
In the 2023-24 agricultural season, Brazil’s soybean planting has seen an 11% increase compared to the previous year, although it still lags behind the levels achieved during the previous season. Notably, 57% of the land was […]
Indian Rabi wheat sowing area decreased by 13%.
According to Department of Agriculture & Farmers Welfare, the area under Rabi Wheat is decreased by 13 percent to 1804.5 thousand hectares as against 2065 thousand hectares sowed during the same period last year. Madhya Pradesh […]
China’s 2023 soybean Imports will reach a record 105 million metric tonne
The largest importer of soybeans in the world China is expected to continue importing at a high rate through the fourth quarter of 2023, setting a record for purchases. However, sales are expected to decline early […]
ISMA projects 8% drop in 2023-24 sugar production at 337LT
The Indian Sugar Mills Association (ISMA) released its preliminary projections for the 2023-24 sugar season (SS), forecasting sugar production at approximately 337 lakh tonnes (lt), a decline of around 8 per cent from the estimated 366 […]
The government increases the amount of wheat allotted for open market sales.
In order to lower prices, the government has chosen to release 0.3 million tonnes (MT) under the Food Corporation of India’s (FCI) open market sale system (OMSS) in its weekly e-auction starting next month, compared to […]
Increased by 2-7% in MSP for wheat and other winter crops.
Due to the early harvest of some kharif crops in particular areas, the government has announced an increase in minimum support prices (MSPs) of 2–7% for rabi crops. Wheat and masur (lentil), two important winter crops […]
The govt. announces 2nd tranche of its 15 LMT domestic sugar allotment for Oct 2023
The government released 15 lakh metric tonnes (LMT) of sugar for the second tranche of October’s domestic sales quota. The government had previously released the first tranche of the domestic sales quota, totaling 13 LMT, for […]
The government considers extending the ban on parboiled rice.
India, the leading exporter of parboiled rice, may increase its export tax in order to reduce local prices. There are actually numerous types of rice grown in India, including parboiled rice, which makes up around 30% […]
“Soybean Squeeze: India’s Crop Woes Cast Shadow on Agriculture
India’s soybean production for the ongoing Kharif season is expected to face a notable decline, dropping by approximately 4.3 percent to reach an estimated 11.8 million tonne, according to a recent report from the Soybean Processors […]
Wheat 2024 output target of 114 Mln.tonnes for coming rabi season.
In the upcoming rabi season, the Center has set a goal of producing 114 million tonnes of wheat, which is 1.3 million tonnes more than the output of 112.7 million tonnes (according to the third advance […]
Soybean Sowing Progress Update
In the ongoing kharif 2023 cropping season, soyabean has been planted on about 12,540 thousand hectares as of September 8, showing positive movement over the same period last year’s 12,406 thousand hectares. Farmers have increased the […]
Kharif rice sowing area increased by 2.7%:
According to Department of Agriculture & Farmers Welfare, the area under kharif rice is increased by 2.7 percent to 40,341 thousand hectares as against 39,281 thousand hectares sowed during the same period last year. Uttar Pradesh […]
IMD: September 2023 Monthly Forecast Outlook
IMD : September 2023 Monthly Outlook Rainfall – The country as a whole is most likely to be normal (91-109 % of the Long Period Average (LPA)). Below normal rainfall is most likely over most areas […]