· Untimely Rain Causes Massive Crop Damage In Madhya Pradesh
o Farmers lost around 10-40 per cent of the standing and newly harvested wintercrops, said government sources.
o Vidisha and Rajgarh are the two central districts worst hit by the unseasonal rain that destroyed Rabi crops like wheat, gram, and pulses. The extent of the damage could be as high as 40 per cent in these two districts, said officials.
o In Mandsaur and Neemuch in western Madhya Pradesh, the extent of damage was around 20-30 per cent. In Bhopal, Ujjain, Ratlam and Raisen, the damage could range between 15 and 20 per cent while it could be around 10-15 per cent in Shajapur, Sehore, Narmadapuram, Agar-Malwa, Barwani and Guna.
· Unseasonal rains over central and west India to cease now
o We had some unseasonal spell of rains and thundetrshowers from central and west parts. Gujarat, South Rajasthan, Madhya Pradesh and Maharashtra did see some rains. Now, with the system moving away, and rains taking a break, temperature profile will see a change.
o In fact, rains are expected to take a break starting today only with only minor weather activity expected around Uttar Pradesh. By and large, the spell is over and thus, in the wake of the system, temperatures are all set to see a rise.
o Most places had seen temperatures dropping down by 3-4 degrees, but now, temperatures will see an increase to quite an extent. Now, rains will shift towards Odisha and adjoining areas.
· Chicago wheat May 2023 contract down US21.75 cents per bushel to 665.75c/bu;
· Kansas wheat May 2023 contract down 23c/bu at 777.25c/bu;
· Minneapolis wheat May 2023 down 21c/bu to 817.5c/bu;
· MATIF wheat May 2023 down €3.25/t to €263.50/t;
· Black Sea wheat March 2023 down US$1/t to $294/t;
· ASX May 2023 wheat contract up A$1/t to $400/t;
· ASX January 2024 wheat contract up A$2.50/t to $410/t;
· WASDE March 2023:Wheat
o Despite an increased global production forecast, smaller beginning stocks are the key reason for seeing global ending stocks lower this month.
o Global ending stocks are pegged at 267.2Mt, down 2.1Mt from last month.
o Lower beginning stocks are down to revised data for China.
o Therefore, excluding China, global ending stocks are higher month-on-month by 2.9Mt, at 127.6Mt.
o Global production for 2022/23 has been revised higher on increases in Kazakhstan, Australia and India.
o The USDA did not change production estimates for Russia, Ukraine, Canada, the US, and the EU.