Due to Food Corporation of India (FCI)’s active sale of grains on the open market during this fiscal year and minimal procurement over the previous two years, wheat inventories in the central pool dropped to a […]
Brazil’s Surging Soybean Exports to China Signal Market Shift
In the opening months of 2024, China’s soybean import landscape experienced a seismic shift, with imports from Brazil skyrocketing by over 200% compared to the previous year. Data from China’s General Administration of Customs (GACC), released […]
IMD predicts snowfall in Himalayas, rain in plains; wheat crop may suffer
The India Meteorological Department (IMD) stated in a statement on Sunday that two western disturbances are anticipated to bring showers, thunderstorms, and gusty winds to the plains and snowfall to the higher elevations of the Himalayas […]
Food grain production to decline 6% in 2023-24, says govt; wheat output projected at record 112 MT
The agricultural ministry announced on Friday that the production of food grains in the 2023–24 crop year (July–June) is predicted to decrease by 6% to 309.34 million tonne (MT), from 329 MT in the previous crop […]
Brazil Experiences Double Soybean Exports to the United States
In 2023, Brazil reached a record-high soybean export of 3.74 billion bushels, a 29% increase from the previous year. This surge coincided with Brazil’s record-high level of production. The United States experienced a 14% decline in […]
India to start wheat procurement in March.
India plans to begin wheat procurement on March 1st and aim to acquire 114 lakh metric tons (LMT) of wheat this season. While the administration is still hopeful that problems with the protesting farmers will be […]
Brazil And Argentina Retain Their Worldwide Soybean Market Share
Brazil and Argentina are expected to maintain their positions in the global soybean market this year. Although Brazil’s harvest is projected to slightly decrease from last year’s record crop, Argentina is forecasted to double its soybean […]
Govt extends 20% export tax on parboiled rice until further order.
The Indian government decided on Wednesday to keep the 20% export tax on parboiled rice in effect past March 31. In August of last year, the government levied a 20 percent tariff on the export of […]
Summer Maize sowing area increased by 2%:
According to Department of Agriculture & Farmers Welfare, the area under Summer maize is increased by 2 percent to 2,308 thousand hectares as against 2,262 thousand hectares sowed during the same period last year. Bihar, stands […]
Summer rice sowing area decreased by 2.7%:
According to Department of Agriculture & Farmers Welfare, the area under Summer rice is decreased by 2.7 percent to 3,929 thousand hectares as against 4,037 thousand hectares sowed during the same period last year. Telangana stands […]
Brazil’s Soybean Harvest for 2023–2024 Is 11%, Up from 5% Last Year
Recent rainfall in northeastern and northern Brazil has increased soil moisture but also hindered the drying out and harvesting of soybeans. As of late last week, 11% of Brazil soybeans had been harvested, up from 5% […]
Bharat rice to hit market, with price tag of Rs 29/kg.
According to sources, the government has decided to stop price increases by selling grain that has been subsidized through retail outlets as part of the Bharat rice project starting next week. In the coming days, a […]
Brazil leads China’s imports of soybeans in 2023: Customs
China imported 69.95 million metric tonne of soybeans from Brazil in 2023, a 28.6% increase from 2022. In December, imports from the South American nation were 4.98 million mt. Even in months when imports of soybeans […]
India right now has no intentions to import wheat.
India, the second-largest producer of wheat in the world, has no intention of importing the grain, and its farmers are expected to harvest a bumper crop that would increase stocks, the trade minister announced on Saturday. […]
FCI Wheat Prices Surge ₹61/quintal Ahead of New Crop Arrival
Food Corporation of India’s e-auction records prices that increase by ₹61/quintal in a month, compared with the minimum support price, amid expectations of an upcoming wheat crop. The spike in the average selling price, which reached […]
Rabi crop acreage down, Pulses hit worst
The Rabi cropping season of 2023–2024 is almost completed. This year area under Rabi crops is down by 1.23% as compared to the previous year’s Rabi season, with pulses having the lowest acreage this year among […]
Indian rice exporters expect to face challenges due to policy risks, high prices in 2024
Indian rice exporters predict a challenging year in 2024, characterized by unclear policies and high local prices, which would impede the country’s efforts to normalize rice exports. S&P Global Commodity Insights states that the market is […]
Chana/ Gram Sowing Progress hovers below 5-year average sowing
As per recent release (as on 29th Dec 2023), the Department of Agriculture and Farmers Welfare states that Chana sowing is down by 8.3% to 9704.6 thousand ha. from 10579.7 thousand ha. at the same corresponding […]
The stock of rice and wheat in FCI exceeds the buffer norm.
The government-owned Food Corporation of India (FCI) will keep selling rice and wheat on the open market since it possesses more of both grains than is needed in accordance with the buffer rule. However, based on […]
China restricts imports of soybeans
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 […]