Higher Wheat Procurement Could Be Problematic In the first three weeks of the wheat procurement drive, state and central agencies have acquired more than 20 MMT at the set price of Rs.17,350/MT ($262/MT), which is higher than last year.
Procurement is up in Uttar Pradesh and Haryana against last year but fairly slow in other states due to delayed harvest and damage in some belts. The total procurement was 30.824 MMT in wheat’s MY 2017/18, but the government of India (GOI) expects it to reach 33 MMT or higher this year (MY 2018/19) based on estimated production of 97.11 MMMT. As of 1 April 2018, the wheat stocks in the central pool stood at 13.231 MMT, much higher than anticipated as the pickup by states was much lower, versus 8.05...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
