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Indian cotton exports have witnessed a remarkable surge in the 2023-24 season, driven by competitive pricing and increased demand from global markets like Bangladesh, China, and Vietnam. With projections now reaching 22-25 lakh bales, this uptrend underscores India’s growing prominence as a key player in the global cotton trade. Highlights Cotton Exports Surge: Exports of …

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Indonesia’s palm oil exports fell 25.4% m/m in February, according to Intertek Testing Services.

In week ending March 14, according to the USDA’s weekly inspections report. US Corn, Soybean, Wheat Inspections by Country: March 14 Following is a summary of USDA inspections for week ending March 14 of corn, soybeans and wheat for export, from the Grain Inspection, Packers and Stockyards Administration, known as GIPSA.

SINGAPORE, March 20 (Reuters) – Chicago soybean futures edged higher on Wednesday as unwinding of short positions by traders supported the market, while wheat firmed on worries over supplies from the Black Sea region. Corn lost ground. FUNDAMENTALS * The most-active soybean contract on the Chicago Board of Trade (CBOT) added 0.1% to $11.86-1/2 a …

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China left benchmark lending rates unchanged at a monthly fixing on Wednesday, in line with market expectations, after the central bank kept a key policy rate steady last week amid some signs of improvement in the broad economy.

The EU is preparing to introduce tariffs on grain imports from Russia and Belarus. This will be the first restriction on food products after the full-scale invasion of the Russian Federation into Ukraine, reports RBC-Ukraine with reference to information from the Financial Times. According to Financial Times, it is expected that the EU Commission will …

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Brazil’s soybean harvest for the 2023/24 cycle had reached 63% of the planted area as of last Thursday, agribusiness consultancy AgRural said on Monday, up 8 percentage points from the previous week. The figure was also above the 62% seen at the same time a year earlier. Harvest in the Matopiba region and Rio Grande …

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Market participants said that the US Department of Agriculture (USDA) is likely to bolster acreage projections, especially if there is warm weather in the weeks ahead, which could encourage farmers to till additional fields. US corn planted acreage is projected to slip by 3.8% to 91 million acres this year, and wheat acreage should fall …

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INR 83.00-0.03EUR 1.08684POUND 1.27217JPY 151.276CHF 0.8884AUD 0.65391CNY 7.1991Gold 2158.75Silver 24.949BRENT CRUDE 87.17DOLLEX 103.843M USD SOFR 5.3336M USD SOFR 5.279571Y USD SOFR 5.09686Range for the day: 82.80 – 83.10Rupee open around 83.00 levels and shall trade with a weaker bias as the dollar gains ahead of FOMC meeting due today. On the other hand, weakening Yuan …

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