Agri Picks Report: Geojit
According to Geojit, The US Department of Agriculture's Foreign Agricultural Service has raised its estimate for India's 2019-20 (Aug-Jul) cotton ending stock to 17.7 mln bales (1 US bale = 218 kg) from 16.8 mln bales projected last month.
July 29, 2020 / 11:42 AM IST
Geojit's report on Agri Picks
The US Department of Agriculture's Foreign Agricultural Service has raised its estimate for India's 2019-20 (Aug-Jul) cotton ending stock to 17.7 mln bales (1 US bale = 218 kg) from 16.8 mln bales projected last month. The Cotton Association of India has raised its estimates for carryover stocks in the country for 2019-20 (Oct-Sep) to 5.6 mln bales (1 bale = 170 kg), compared with 5.0 mln bales projected in the previous month. The West Bengal government will write to the Centre, seeking excess rice and wheat for free distribution till the end of June next year, a senior state government official said. The Soybean Processors' Association of India today requested the government to revoke the suspension of Merchandise Exports from India Scheme benefit on soymeal exports to boost overseas shipments, it said in a release. Export of tea by Sri Lanka fell nearly 2.1% on year to 23.6 mln kg in June, according to data released by the Tea Exporters Association of Sri Lanka. The government has procured 5,218 tn moong harvested in the 2019-20 (JulJun) rabi season as of Saturday under its price support scheme, a government official said.
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