At Gold Silver Reports, we deliver reliable agri commodity tips covering wheat, sugar, cotton, and other agricultural commodities. Get daily market updates, intraday and positional trading calls, and expert insights to make smarter decisions in the agricultural commodity market.
Gold Silver Reports — As per the latest crop survey data release by Neilson agency during the SEA of India mustard conclave that the total mustard seed production in the current year is estimated at 71.09 lakh tonnes plus 1.20 lakh tonnes of toria crop. This is almost 2 lakh tonnes higher than the Mustard Oil Producers Association (MOPA) estimates of 69.25 lakh tonnes .
Gold Silver Reports — India is considering a cut in import duty on sugar from the current 40% owing to increasing inflation and downward revision of production targets by sugar mills, government officials said. India is the world’s biggest aggregate consumer of the sweetener and often imports the commodity when local output falls, to prevent prices from soaring.
Gold Silver Reports – According to market sources, the USDA will issue their Prospective Plantings Report on March 31st. This is their first acreage estimate based on farmer surveys and there is always a lot of speculation at this time of the year as to what the report may say.
Gold Silver Reports — US officials have indicated that there is likely to be possible stagnation in Indonesias palm oil exports, with importers seeing better value in rival vegetable oils. The US Department of Agricultures Indonesia bureau, in its first forecasts for palm oil output in the worlds top producing country in 2017-18, pegged it at a record 36.5m tonnes, a rise of 2.5m tonnes year on year.
Gold Silver Reports — Bargain buying was seen in jeera market on the account of recovery in exports demand along with seasonal demand by processors companies. The sources stated that most of the exporters have witnessed strong buying at lower levels. However, as per market sources, the total jeera production in the current year are projected at 54000 tonnes against 42000 tonnes reported last year.
Gold Silver Reports — According to the Agricultural Policy Secretary for the Brazilian Ministry of Agriculture, the GDP of the Brazilian agricultural sector is projected to be R$ 548 billion in 2017 or 3.2% more than 2016. Higher grain production and increased fruit and food production, are contributing to the increase. In 2017, the overall revenues from Brazils main grain crops are expected to increase 6.3% while livestock revenues are expected to decline 2.5%.
Gold Silver Reports — MY2017/18 rice production is expected to recover to historical levels with forecasted production of approximately 19.5 million metric tons.This would be a 5 percent increase from MY2016/17 as reservoirs are well above critically low levels that hindered MY2016/2017 rice production.