Chicago | Reuters — U.S. soybean futures fell 1.9 per cent to a one-week low Friday morning on reports of big harvest yields and heavy farmer sales on the cash market, traders said. Wheat futures weakened as traders said ample global supplies were likely to blunt the impact of India’s decision to slash its import […] Read more
Tag Archives india — page 25
U.S. grains: Soy futures follow cash market lower
Unpredictable lentil crops could unsettle market
CNS Canada — Lentil producers have been stuck on a roller coaster this season, and the ride isn’t slowing down going into harvest. “It’s been a very hard year to predict because we have record amounts of acres planted, an incredible start to the season, and then of course the well-publicized weather problems leading to […] Read more
India inactive in Canadian chickpeas ahead of harvest
CNS Canada — The Canadian chickpea market is in a transitionary phase ahead of harvest, one market participant says, as a key player sits out. “We’re still kind of in that phase where there’s a lot of orders trying to get filled, positions trying to get squared,” said David Newman of Commodious Trading near Victoria. […] Read more
Wet wheat weather watched worldwide
CNS Canada — Generous rainfall has benefited but also boosted the risk of disease on wheat crops in much of Canada and the U.S., and has also cut into grain quality in parts of Europe. However, according to Drew Lerner of U.S. forecast agency World Weather Inc., conditions during the harvest season will be the […] Read more
Flax industry fighting to regain lost acres
CNS Canada — After losing ground to pulses this year, a flax industry group is working on ways to be competitive going forward. “It’s the year of the pulses, and certainly growers are taking advantage of good prices for pulses,” said Don Kerr, president at the Flax Council of Canada, referring to the United Nations […] Read more
India might extend wheat import tax beyond March
New Delhi | Reuters — India is likely to extend a wheat import tax beyond March to shield its domestic farmers from cheap imports, particularly as wheat from the new-season harvest will become available by the end of this month, government sources said Monday. After consulting the food, farm and trade ministries, the finance ministry […] Read more
India, Middle East countries in talks on oil-for-food scheme
New Delhi | Reuters — India is in talks with some Gulf nations to buy oil to fill its strategic reserves and sell food in return, seeking to use its position as the world’s third-largest oil importer to both secure energy supplies and boost exports. Indian Oil Minister Dharmendra Pradhan told reporters the idea was […] Read more
Monsanto threatens to exit India over GM royalty row
New Delhi | Reuters –– Monsanto, the world’s biggest seed company, threatened to pull out of India on Friday if the government imposed a big cut in royalties that local firms pay for its genetically modified cotton seeds. Mahyco Monsanto Biotech (India), a joint venture with India’s Mahyco, licenses a gene that produces its own […] Read more
India to accept Canadian pork
Canadian pork and pork products may now be exported to India under a new agreement for market access announced Friday. Canada, whose overall agrifood exports to India are mainly in pulse crops such as lentils and peas but also include oilseeds, canola oil, cereal grains, dairy goods, apples and cattle, expects to move $2 million […] Read more
India’s pulses under stress, need well-timed rain
CNS Canada –– India, the world’s largest producer of pulses, needs moisture before crops hit the reproductive cycle at the end of January, or existing losses will become amplified, a weather analyst says. The driest areas in India are important pulse-producing regions in northeastern Andhra Pradesh and neighbouring Uttar Pradesh, said Drew Lerner of World […] Read more
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