Rice
The government of India, has estimated India’s rice production for 2014-15 (Oct 14 – Sep 15) at around 103.04 million tons, down about 3% from an estimated 106.65 million tons in 2013-14. The decline is attributed to late arrival of monsoon in June 2014, delaying the main Kharif crop planting process in many key rice growing areas.
Coffee
Coffee farmers in Vietnam, the world’s top supplier of Robusta, will be restricting sales to secure higher prices from a smaller harvest. According to the sources, farmers sold 29 percent of the crop by January, compared to 36 percent a year earlier and a five-year average of 40 percent; Output in the 12 months started Oct. 1 will drop 7 percent to 1.6 million metric tons from a record the previous year. Smaller crops in Vietnam, Brazil and Indonesia may push up London futures by 20 percent to $2,300 a ton in the second quarter.