Corn prices in India
As the diwali festival approaches the markets are getting stabilized and little slow. Arrivals are slow in almost all the markets. On Nov 10, 2004 the prices of local corn were reported as under
Nandigama (AP) $110 per MT
Bangalpre (Kar) $ 115 per MT
Hassan (Kar) $ 101 per MT
The same markets were little higher on Nov 09, 2004
Nandigama (AP) $114 per MT
Hassan (Kar) $ 103 per MT
The minimum and maximum prices for yellow corn on Nov 09, 2004 were as under:
Siddipet (AP) $91 per MT
Mahuva (Guj.) $ 134 per MT
For the yellow variety the prices were as under:
Dahod (Guj.) $ 117 per MT
Jamkandi (Kar) $ 125 per MT
Bt cotton in India - a success story
While going through some news reports, read an interesting article on how Bt cotton has given a boost to Indian cotton production.
As per Mr.Sharad Pawar, Bt cotton from Monsanto has been a significant contributor to India record cotton production this season. In some areas the cotton production is higher by 30 - 35% benefiting farmers to a great extent. Also the quality is much better than last years.
He also mentioned that the Bt cotton success can be replicated in other GM crops which are being developed in India. "The results certainly encourage us to look at other GM crops," he said.
As against the average 16-17 million bales production, India is this year expecting record production of about 20 million bales, said Mangala Rai, director general of Indian Council of Agricultural Research (ICAR).
It is good to know that the highest authority in Agriculture is positive about the and this will certainly help promoting the technology which is beneficial for the farmers and the environment.
China's Corn Crop - Just sufficient enough to feed itself
China is expected to produce 122 MMT of corn in 2004, up 5.3% over last year, a report from Chinese Ministry of Agriculture and China National Grain and Oils Information Center states.
Compared with other grains, a deficit between domestic corn production and demand is estimated at 7.5 million tons in the 2004-05 marketing year, the report said.
The corn price is expected to be stable and even trend lower due to an expected bumper crop worldwide, Xinhua added.
Compared with anticipated shortfalls in rice, wheat and soybean production, the shortfall in corn is expected to be the smallest, said the report, without providing estimates for shortfalls in the other crops.
China's grain production has been declining over the past five years, largely due to low prices and reduced acreage. But demand for grains has been steadily growing as a result of rising incomes and rapid economic development.
The government has drawn down its grain reserves continuously to fill the shortfalls in supply, which had prompted a run-up in grain prices late last year. The government doesn't release data on grain reserves to the public.
Government incentives to encourage grain production earlier this year seem to have worked, with several reports of projected higher output.
In addition, China slowed its grain exports this year. In the first nine months, it exported only 1.9 million tons of corn, down 82.4% over the same period last year. Rice exports fell 58.5% in the same period to 777,112 tons, while wheat shipments fell 50.9% to 658,731 tons.
Also, China imported near 5 million tons of wheat in the first nine months, up sharply over last year.
No comments:
Post a Comment