India’s function as a key provider to the worldwide features market has diminished over the previous three years attributable to sturdy home demand and the Authorities’s insurance policies to maintain home provides throughout the nation, the US Division of Agriculture (USDA) has mentioned. “From commerce yr (TY) 2020-21 to 2023-24, corn exports are estimated to … Read more
The Indian authorities has introduced the open market sale scheme (OMSS) coverage underneath which the reserve value of wheat has been fastened at ₹2,300 per quintal and rice at ₹2,800 per quintal. This time, the Authorities has mentioned transport prices shall be added to the reserve value, in contrast to final yr when there was … Read more
The worldwide wheat market is prone to come below additional stress on resurgence in cash managers’ bearish outlook, although worth actions are susceptible to important updates similar to Russian wheat harvest, say analysts. Analysis company BMI, a unit of Fitch Options, has forecast second-month wheat futures on the Chicago Board of Commerce to common at … Read more
A International CEO Conclave 2024, organised by the Wheat Merchandise Promotion Society (WPPS), has mooted a complete roadmap for the way forward for the wheat business. The 2-day conclave, which resulted in New Delhi on June 26, really useful innovation, sustainability and collaboration as the way in which ahead for the sector. “By embracing these suggestions, … Read more
Amid stories of plans to facilitate import of wheat to bolster home availability in India, the federal government on Thursday mentioned that there is no such thing as a such plan because the nation has ample inventory of the grain to fulfill home necessities. Nonetheless, many specialists mentioned that the choice will stay on desk, … Read more
i India’s foodgrain output within the present crop 12 months (July 2023-June 2024) has been estimated at 328.85 million tonnes (mt), a tad decrease from 329.69 mt within the earlier 12 months as pulses and maize manufacturing dipped by over 6 per cent. Nonetheless, manufacturing of rice, wheat and nutri-cereals corresponding to millets and jowar … Read more
India’s wheat manufacturing this 12 months is seen greater than the previous two years however farmers holding again their produce anticipating greater costs is affecting millers and merchants. “Although the Ministry of Agriculture has pegged wheat manufacturing at 112.01 million tonnes (mt), we anticipate it to be 105 mt. That is 5-6 mt greater than … Read more
Wheat procurement within the nation reached 119.26 lakh tonnes (lt) till April 23, in opposition to 159.23 lt year-ago, official information present. Although there’s a drop in Punjab, as a lot as 31.64 lt was purchased in final six days from April 19 for the Central Pool inventory, which signifies that the procurement is again … Read more
US Commerce Consultant Katherine Tai has highlighted checking out WTO disputes with India as a win for the agriculture and rural communities in her testimony earlier than the Senate Committee on Finance on President Joe Biden’s 2024 Commerce Coverage Agenda the place some considerations had been raised on India’s wheat subsidies allegedly hurting American farmers. … Read more
Conducive climate situations in each India and Pakistan are serving to them to realize file wheat output this yr, however India is healthier ready than the neighbour to deal with local weather change impression because it has developed many indigenous heat-resistant and short-duration seed varieties, in keeping with agri-scientists. Additionally learn: Pakistan to ‘significantly’ contemplate … Read more