The Indian government plans to lower the price of wheat it is selling under the open market sales scheme (OMSS) due to lack of buyer demand. Of the 6.5 million tonnes allocated for the OMSS, the government has only sold 3 million tonnes. Pressure to open up storage space is high as growers are set […]
Tag Archives | Wheat
USDA Declares Drought Disaster in Much of Wheat Belt
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Wheat-growers in the Great Plains of the United States are set to collect record insurance payments for crops lost during the 2012 drought. The Department of Agriculture declared several counties natural disaster zones and has paid nearly $11 billion in indemnities to farmers whose wheat crops suffered last year. http://www.reuters.com/article/2013/01/09/us-usda-drought-idUSBRE90812X20130109
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African Development Bank Funds $63m Initiative to Improve Agricultural Productivity on Contitnent
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Additionally, the African Development Bank will fund a US$63 million project aimed at supporting research efforts for strategic African crops such as maize, rice, wheat, and cassava. The project will run until 2016 and will be jointly implemented by three Africa-based CGIAR centers: IITA, Africa Rice Center, and the International Center for Agricultural Research in […]
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Floods, Fungi Fan Food-Price Jitters Over Argentine Wheat
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Heavy rains in Argentina have damaged wheat crops, reducing the harvest from 11.5 to possibly just 9.5 million tonnes this year. Quality was also affected as added moisture and delayed harvest time spurred the growth of fungi which is causing the crop to rot in the fields. The situation is a point of concern for […]
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World Food Situation
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Wheat production is low on a global scale due to droughts and flooding in major exporting countries like the United States, Canada, Ukraine, and Argentina. FAO reports that current global reserves are near the level they were in 2008. With food prices projected to increase, the ability to strengthen smallholder participation in value-added supply chains […]
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Wheat Gains for Second Day as Drought May Erode U.S. Supplies
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The drought in the United States continues on and now threatens the hard, red winter wheat crop. Warmer temperatures may cause faster maturation, putting the crops at risk if temperatures do eventually drop to colder levels typical of winter months. Scientists from Iowa, a top grain growing state, said the drought demonstrates the strong need […]
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Controlling Post Harvest Losses Increases Yield
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Pakistan’s agriculture department is promoting the use of relay-cropping to wheat farmers to help curb losses. The technique calls for farmers to sow their wheat within the standing cotton crop so that they meet the recommended sow date. According to a local official, wheat yields sown after November 20th see a 20kg decrease per acre. […]
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FAO Slashes Grain F’casts, World Food Prices Stay High
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The FAO predicts the balance of world cereal supply and demand will be tighter in 2012-2013 than in 2011-2012 due to climate effects. The US drought continues with over half the country suffering at least moderate conditions. Prices are projected to be high, though India stands to benefit. On Saturday, the Food Corporation of India will […]
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India to Unload More Excess Wheat Stocks
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The FAO predicts the balance of world cereal supply and demand will be tighter in 2012-2013 than in 2011-2012 due to climate effects. The US drought continues with over half the country suffering at least moderate conditions. Prices are projected to be high, though India stands to benefit. On Saturday, the Food Corporation of India will […]
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Export Pro-Actively to Deal With Grain Glut
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One independent commodity analyst predicts the Government of India will hold more than 106 million tonnes of wheat and rice by July 2013 and urges for “aggressive export” to alleviate subsequent problems, including price inflation and risk of loss. The article argues that current inflated wheat prices are caused not by export activity, but rather […]
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