IGC raises world Grains harvest to second largest on record

Commodity Online |Oct 03,2017 The International Grains Council (IGC) has raised its forecast for total grains production in 2017-18 to 2.069 billion tonnes, up from 2.049 billion tonnes in August, but down from 2.133 billion forecast for 2016-17.Total consumption was raised to 2.096 billion tonnes from 2.089 billion tonnes.“World total grains (Wheat and coarse grains) [...]

2017-10-05T17:05:40+00:00 October 3rd, 2017|Uncategorized|

World cotton output may rise 10% in 2017-18: ICAC

Financial Express |Oct 03,2017 Global cotton output is likely to rise 10 per cent to 25.4 million tonnes in 2017-18 marketing year on expected production increase in India and the US, a global body has said. The production may go up mainly because of expansion in acreage by 3 million hectares to over 32 million [...]

2017-10-05T17:04:39+00:00 October 3rd, 2017|Agri Commodities|

Kharif output to be healthy, says report

The Hindu Businessline |Oct 03,2017 Despite the government estimating a lower kharif production due to uneven distribution of rains, the summer crop output is expected to be “healthy”, as last year was a bumper year in terms of acreage and output.According to Crisil, the projected decline in kharif production is due to a sharp increase [...]

2017-10-05T17:03:53+00:00 October 3rd, 2017|Agri Commodities|

Poor MSP growth led to farm distress, says Crisil

The Hindu Businessline |Oct 03,2017 Tepid growth in minimum support prices (MSP) of different agricultural products since the National Democratic Alliance (NDA) government took over was one of the major reasons for the current farm distress, according to an independent research report released on Tuesday.“While the average annual growth [in MSP] between agriculture year 2009 [...]

2017-10-16T14:36:41+00:00 October 3rd, 2017|Uncategorized|

Tight stock situation likely to boost Sugar price in near term

Commodity Online |Oct 03,2017 Even an increase in the domestic Sugar production, prices are likely to remain firm due to tight stock situation, according to ICRA.Monsoon was very favorable in Maharashtra and North Karnataka in the production of cane, and an expected increase in sugar production which reached new high of around 10 million tonnes, [...]

2017-10-05T16:59:05+00:00 October 3rd, 2017|Agri Commodities|

Late rain spells trouble for kharif crop, bounty for rabi

The Hindu Businessline |Oct 03,2017 Even as the South-West Monsoon withdraws from North-West India, continuing rains to the south of the Vindhyas are seen spoiling the harvest of kharif crops such as maize, pulses and cotton, while boosting the prospects for the upcoming rabi season.Farmers in parts of Telangana, Karnataka and Maharashtra are likely to [...]

2017-10-05T16:58:16+00:00 October 3rd, 2017|Agri Commodities|