Pulses Demand, Supply and Prices India has been importing large quantities of pulses/lentils over the years. That slowed in the last year, however, as domestic production has increased because of higher Minimum Support Prices (MSP). Khariff pulses production is expected to rise from 6 MMT in 2013/14 to an estimated 9.22 MMT in 2018/19. Meanwhile, the rabi production grew from 11.03 MMT in 2011/12 to 15.89 MMT in 2017/18 with 15.1 MMT the target for 2018/19. The combined total for both seasons is about the same as India’s overall demand of approximately 24 MMT.
India’s self-sufficiency in pulses has prompted the Food Safety and Standards Authority of India (FSSAI) to order the testing of imports for glyphosate, an herbicide,...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
