Brazil’s favorable rainfall caused the Chicago Board of Trade soybean futures to fall, causing concerns about hot, dry weather reducing output in northern and central Brazil. However, the region of concern has decreased, and traders expect […]
India Chairs International Sugar Organization 2024
India has been appointed as the Chair of the International Sugar Organization (ISO) for the year 2024, as announced during the 63rd council meeting held in London. As the largest consumer and second-largest producer of sugar […]
Rabi rice sowing area decreased by 8.0%:
According to Department of Agriculture & Farmers Welfare, the area under Rabi rice is decreased by 8.0 percent to 841 thousand hectares as against 915 thousand hectares sowed during the same period last year. Tamil Nadu […]
Year-Round Availability: Center Considers Sugar Stock Declaration
To ensure continuous availability throughout the year, the center may implement a requirement for sugar stock declaration. The government is exploring a system to compel mills, stockists, and wholesalers to declare their sugar stocks, aiming to […]
Rice USDA’s November month Update
The 2023/24 global rice outlook this month is for higher supplies, consumption, trade, and nearly unchanged stocks. World supplies are raised 1.6 million tons to 692.6 million, mostly on higher beginning stocks for India. The country’s […]
Increased Brazilian Soybean Volumes to China in the Dry Bulk Market for 2023
Brazil’s soybean exports to China in the dry bulk market for 2023 have surpassed those of other countries on a monthly basis, with China buying more soybeans from Brazil. However, the freight market sentiment is under […]
Brazil’s soybean Production is at its slowest rate since 2020
In the 2023-24 agricultural season, Brazil’s soybean planting has seen an 11% increase compared to the previous year, although it still lags behind the levels achieved during the previous season. Notably, 57% of the land was […]
Indian Rabi wheat sowing area decreased by 13%.
According to Department of Agriculture & Farmers Welfare, the area under Rabi Wheat is decreased by 13 percent to 1804.5 thousand hectares as against 2065 thousand hectares sowed during the same period last year. Madhya Pradesh […]
China’s 2023 soybean Imports will reach a record 105 million metric tonne
The largest importer of soybeans in the world China is expected to continue importing at a high rate through the fourth quarter of 2023, setting a record for purchases. However, sales are expected to decline early […]
ISMA projects 8% drop in 2023-24 sugar production at 337LT
The Indian Sugar Mills Association (ISMA) released its preliminary projections for the 2023-24 sugar season (SS), forecasting sugar production at approximately 337 lakh tonnes (lt), a decline of around 8 per cent from the estimated 366 […]