Second Advance Production Estimates Project Record Food Grain Production The government of India (GOI) released the Second Advanced Estimates for Agricultural Production on 27 February 2018, which projected the country’s total food grain production in 2017/18 at 277.49 MMT, 2.94 MMT more than the fixed target and up from 275.11 MMT in 2016/17.
As stated by the government, the increased production is the result of a near normal monsoon in 2017/18 as well as the implementation of its programs, including the higher Minimum Support Price (MSP) that was announced. Within the pulses production (see table above), gram (chickpea) production is estimated at 11.10 MMT, up 18.33 percent from 9.38 MMT in 2016/17, and urad (black lentil) prod...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
