Topic
surplus
Commodities Global Palm Oil Prices Seen Surging on Narrow Production Surplus
Global palm oil prices are set to rise as the 2026-27 season production surplus narrows from 2025-26, with BMI lifting its 2026 CPO price forecast to MYR4,453/tonne. Indonesia's B50 biodiesel mandate and El Nino risks tighten export supply, while Rabobank sees elevated prices through 2031. Buyers face sourcing challenges and tighter fundamentals.
Commodities Andhra CM Naidu orders tobacco companies to resume buying as surplus piles up
Andhra Pradesh Chief Minister N Chandrababu Naidu has directed tobacco companies to immediately resume purchases from farmers facing a massive surplus. With production at 142 million kg against indents of 95.5 million kg, the Chief Minister warned that prices must not fall below the state's Minimum Support Price (MSP) of ₹200 per kg and criticised slow procurement by major manufacturers ITC Ltd, Godfrey Phillips India Ltd, and VST Industries.
Commodities India's Paddy Acreage Deficit Narrows to 13% on 35% Surplus Rains in Early July
Aided by a 35% surplus of rain in the first five days of July, India's paddy acreage deficit narrowed to 13% as of July 5 from 25% on June 25. However, overall kharif crop acreage remains 21% lower year-on-year. Cotton, soybean, and pulses continue to show significant shortfalls.
Commodities Telangana rice surplus challenge grows as paddy output triples in a decade
Since 2014, Telangana's paddy output has nearly tripled, reaching 1.70 crore tonnes in 2024-25, driven by irrigation expansion and MSP procurement. The resulting surplus, now exceeding 20 lakh tonnes, has prompted a policy paper from PJTAU's C-SAS recommending crop diversification, export development, and procurement rationalisation to manage the growing stockpile.