Grain news

Here are some recent news updates related to grains:

Global Grain Market

• The International Grains Council (IGC) has forecast a 1.4% increase in global grain production in 2022/23, driven by higher yields in the United States, Europe, and South America. (Source: IGC)
• The World Agricultural Supply and Demand Estimates (WASDE) report by the US Department of Agriculture (USDA) has projected a 2.1% increase in global wheat production in 2022/23, with the United States, China, and the European Union leading the growth. (Source: USDA)

US Grain Market

• The US Department of Agriculture (USDA) has announced a $20 million investment in the National Institute of Food and Agriculture (NIFA) to support research and development of new grain varieties and technologies. (Source: USDA)
• The US Grains Council (USGC) has reported a 10% increase in US corn exports in the 2021/22 marketing year, driven by strong demand from China and other Asian countries. (Source: USGC)

Wheat Market

• The European Commission has announced a €1.5 billion (approximately $1.7 billion) package to support European wheat farmers, including measures to reduce production costs and increase market access. (Source: European Commission)
• The Russian government has imposed a 25% export duty on wheat, effective from January 1, 2023, to support domestic food security and reduce inflation. (Source: Reuters)

Other Grain News

• The Australian Bureau of Statistics (ABS) has reported a 12% increase in Australian wheat production in the 2021/22 crop year, driven by favorable weather conditions. (Source: ABS)
• The Indian government has launched a program to promote the use of millets, including pearl millet, foxtail millet, and sorghum, as a sustainable and climate-resilient food option. (Source: Indian Ministry of Agriculture and Farmers Welfare)

These are just a few examples of recent grain news. If you're looking for more information or specific updates on a particular grain or region, feel free to ask!