Agri Commodity News & Calls Update -11th February 2016

Agri Commodity News

China Cotton Yield Is Falling, Impacted Production

Cotton yield in China in falling with the rate of 9.3 percent every year, said National Bureau of Statistics. Due to the fall in the yield and acreage, cotton production in China is likely to lag by 5.74 lakh tons in 2015, said NBS. Cotton acreage in country fell by around 10% to 37.99 lakh hectares in 2015.

Thailand Rice Production is Likely to Down in MY-2015-16

Thailand MY2015/16 rice production is revised down to 15.9 million metric tons which is a decline of 18 percent from last year. This is due to an acreage reduction in off-season rice which is adversely affected by limited irrigation availability. Rice exports totaled 9.8 million metric tons in 2015, down 11 percent from the previous year due mainly to a reduction in parboiled rice exports.

Monthly Brazil Rice Stocks Decline About 4%

Brazil rice stocks stood at around 110,388 tons in January 2016, down about 4% from around 115,126 tons in December 2015 and down over 50% from around 240,544 tons in January 2015, according to the country’s national grain supplying agency Conab.

China Remained Major Importer of Indian Cotton Yarn

India exported around 988 lakh Kg of cotton yarn in December 2015 which was distributed in 76 countries. The value of the volume was USD 26.60 crores (approx Rs. 1760 crores). During December, China stood as major cotton yarn export destination of India.

get free trial on mobile

!! Get Bullion Premium Trading Tips Now !!

Leave a Comment

Get 2 Days Free Trial On Mobile