Fear of imports and the inability to sell the stocks purchased by Food Corporation of India (FCI) led GOI to announce another 10 percent increase in the wheat import duty. A 15 percent tariff was imposed in August 2015 as flour millers in southern India had started importing wheat from Australia.
Cotton Prices Stable, but Market Panics For cotton’s MY 2014/15 (ending 30 September), the Cotton Corporation of India (CCI) purchased 8.7 million bales, 21 times more than the 400,000 bales in MY 2013/14. Experts estimate that the CCI will need to buy at least 12 million bales in MY 2015/16, although there is no fixed target yet. The increase in CCI’s purchases is being attributed to a drop in those by the biggest importer,...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
