IGC trimmed their 17/18 world corn ending stocks.

Ram Gopal Yadav (7 years ago)

The International Grains Council trimmed their 17/18 world corn ending stocks number 6 MMT to 308 MMT on lower production and increased consumption. Their outlook for 18/19 ending stocks shows 265 MMT expected, down 43 MMT yr/yr.

Thailand looks to intergovernmental deals to boost rice exports

Ram Gopal Yadav (7 years ago)

The Thai government plans to boost rice exports by negotiating sales directly with other governments in a move intended to help struggling farmers ahead of a general election to be held by February next year. Indonesia and Malaysia import around 800,000 tons of Thai rice per year, while the Philippines imports 1 million tons. The Philippine government is due to hold a tender in March for the purchase of 250,000 tons of rice from the private sector, for which Thai companies are expected to bid.

India coffee exports during Jan 1 – Mar 21

Ram Gopal Yadav (7 years ago)

The Coffee Board of India has finalised its crop estimate for 2016-17 at 312,000 tn, down from 348,000 tn produced a year ago, and also down from the estimate of 316,700 tn. The board has estimated output for 2017-18 at a record high of 350,400 tn, up 12.3% on year.

Maharashtra govt procures 127,000 tn tur from 105,000 farmers so far

Ram Gopal Yadav (7 years ago)

The Maharashtra government has procured 127,000 tn of tur in the season so far from about 105,000 farmers. The state started procuring the commodity after market prices slipped below the minimum support price of 5,450 rupees per 100 kg. Prices fell because of a spike in arrivals of the new crop coupled with subdued demand from millers. The state has also procured 5,434 tn of moong, 58,600 tn urad, 26,200 tn soybean and 400 tn of gram.

Sugar cos offer 210 mln ltr ethanol to oil cos in second tender

Ram Gopal Yadav (7 years ago)

Oil marketing companies have received bids for supply of 210 mln ltr of ethanol, against the 1.17 bln ltr sought in the second tender for 2017-18 (Dec-Nov). Of the 210 mln ltr offered, supply of 170 mln ltr has been allocated so far. Other offers will be scrutinised and total supply will be finalised soon. In the first tender for the season, mills had offered to supply 1.55 bln ltr of ethanol, against the 3.13 bln ltr sought by oil retailers.

USDA arm sees ’18-19 Thai rice crop at record high

Ram Gopal Yadav (7 years ago)

Thailand’s rice output in 2018-19 (Jan-Dec) is likely to touch a record high of 21.0 mln tn, and up 3% from a year ago. The rise has been attributed to higher acreage following lucrative prices and sufficient reservoir volumes to support irrigation. Rice acreage for the current season is estimated at 11.0 mln ha against 10.7 mln a year ago. Despite a rise in output, exports in 2018-19 are seen unchanged on year at 10 mln tn.