India, celebrated as the ‘Spice Bowl of the World,’ has seen a dramatic rise in spice exports over the past decade, highlighting the country’s pivotal role in the global spice market with turmeric as a flagship […]
Rice and Maize Kharif Sowing Update
Kharif rice sowing area increased by 19.9%: According to Department of Agriculture & Farmers Welfare, the area under kharif rice is increased by 19.9 percent to 11,484 thousand hectares as against 9578 thousand hectares sowed during […]
Canada Principal Field Crop Acreage, 2024
Canadian farmers reported planting more Lentils, Dry Peas, Soybeans, and Oats, but fewer acres of Wheat, Canola, Corn and Barley, according to the June 2024 Field Crop Survey. Provincial reports indicated slower seeding progress compared with the five-year […]
Spice Market Shake-Up: How Domestic Prices and Global Crops are Reshaping Cumin Exports from India
Recent statistics have uncovered a remarkable shift in India’s cumin exports, with a notable 21% decline in the initial eleven months of the 2023-24 fiscal year. Surprisingly, this downturn is not driven by reduced demand but […]
Cumin Seed Prices Stage Remarkable Recovery, Reflecting Market Dynamics and Supply-Driven Trends
In a notable turn of events, cumin seed prices have undergone a substantial rebound in the agricultural produce market committees (APMCs) of Gujarat, marking a significant recovery from a recent period of decline. The average price […]
Canada Crop Sowing Progress
Saskatchewan crop report period 7 May to 13 May 2024: Producers have made substantial progress in seeding over the last week. Seeding is currently 32% complete in the province, up 20% from last week. This is behind […]
USDA’s Latest Report Highlights Trends in Soybean Market for 2023-‘24
The USDA’s most recent report, issued on April 11, expects 13 billion pounds of soybean oil to be utilized for biofuel production in 2023-‘24, consistent with earlier projections, with no alterations to the anticipated price of […]
Govt’s wheat stocks fall to 16-year low, 30-32 MT of procurement target for the season
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 […]