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AgroBusiness Times

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Egypt preferred wheat from Ukraine and Russia in a tender

On December 6, Egypt purchased 350 KMT of milling wheat from Ukraine & Russia to be delivered on January 21 – 31, 2019 at an average price of USD 253.11/MT C&F. The price in the previous tender equaled USD 252.97/MT C&F, reports UkrAgroConsult. The purchase included the following:   Quantity, KMT Origin Shipper FOB ($) Freight ($) […]

Soybean Rally Gives U.S. Farmers Pause on Possible Shift to Corn

A soybean rally fueled by signs of easing U.S.-China trade tensions has added a wrinkle to the plans of some farmers to shift more acres to corn. On Tuesday, soybean futures closed at a premium of $5.375 a bushel to corn, the highest since June 18. The oilseed defied a slump in equities partly spurred […]

Brazil Heads Toward Early Soybean Harvest

Soybean planting in Brazil is 89% complete, according to Curitiba consultancy AgRural. That’s well ahead of last year at 84% and the five-year average of 78%. Considering the current planting pace, soybean harvest could start as early as the second half of December in the South American country – the earliest ever. Typically, soybeans are […]

Actava Trading – General Sponsor of the 16th International Conference “Black Sea Grain”

UkrAgroConsult continues preparation for the 16th International Conference ‘Black Sea Grain-2019’ and is glad to announce that Actava Trading DMCC became a General Sponsor of the Event. ‘Black Sea Grain-2019’ will take place on April 10-11, 2019 in InterContinental hotel, Kiev, Ukraine. Actava Trading is operating as a privately-owned, full service commodity brokerage house since […]

Gov. Bagudu reiterates commitment to promote fish farming

GOVERNOR  Atiku Bagudu of Kebbi State has reiterated the state government’s commitment to promoting fish farming in the state.  Bagudu restated the government’s commitment while declaring open a programme tagged, ‘Modern Training of Fish Farming’ in Birnin Kebbi on Tuesday.  The governor, who was represented by his Deputy, Alhaji Samaila Yombe, said that arrangements have […]

India’s 2019 wheat output could fall from record on scanty rains

India’s wheat production could fall in 2019 from record output this year as lower moisture levels and higher temperatures in key growing regions are threatening yields of the winter-sown crop, farmers and analysts told. A drop in output could lift local wheat prices and force the world’s second-biggest producer to reduce import taxes on the […]

Niger govt to spend N13bn on Bobi grazing reserve

Sani-Bello and Audu Ogbeh NIGER State government has said that its comprehensive development plan to bring Bobi grazing reserve in Marita Local Government Area of the State to life would cost not less than about N13 billion. The state government had recently developed a 10 years development plan for the 30,000 hectares grazing reserve located […]

Good roads great for Agriculture, Commerce – Agric Minister

The Minister of Agriculture and Rural Development in Nigeria, Mr, Audu Ogbeh says good access roads in the country can boost agricultural production, open up business opportunities and further unite the Country. Mr. Ogbeh stated this in an interview with Journalist in Otukpo Local Government Area in Benue state after an inspection of Federal roads […]

As CBN sends strong signal to economic saboteurs

Godwin Emefiele, CBN governor Governor of the Central Bank of Nigeria (CBN) Mr. Godwin Emefiele, while delivering the annual lecture of the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos recently , gave clue to the business community on what to expect from the regulatory environment next year. KELECHI MGBOJI in this report examines […]

Ogbeh inspects beans market owned by IDPs – Tribune Online

Chief Audu Ogbeh, Minister of Agriculture The Minister of Agriculture and Rural Development,  Chief Audu Ogbeh inspected  Beans market in Auta Ballefi, Nasarawa State, which is owned by internally displaced persons (IDPs) from Borno State, the North Eastern part of the country and assured farmers of Federal Government’s interventions to create enabling environment. The Minister stated […]

EU wheat production forecast lowered, corn crop figures boosted

That level would be much below last year’s crop when farmers harvested 300.2 m tons of grains.  It said it lowered its forecast for the EU wheat crop from 129.9m tons to 128.6m tons, which would also be lower than the 141.9m tons reached in 2017.  Coceral, which is the European association representing the trade in […]

US beef gains new market access in Morocco – Tribune Online

United States Trade Representative, Robert Lighthizer and US Secretary of Agriculture, Sonny Perdue, have announced that the government of Morocco has agreed to allow imports of US beef and beef products into Morocco. According to a press statement from the United States Department of Agriculture, 2018 is the first year that USbeef and poultry exporters […]

Stakeholder urges FG to give attention to other crop value chain

NATIONAL Coordinator of the Zero Hunger Commodity Associations, Dr Tunde Arosanyin, has called on the Federal Government to give adequate attention to other crop value chains as it has done in the rice subsector. Arosanyin made the call in an interview with journalists in Abuja. He stated that the successes recorded in the rice value […]

U.S. soybean farmers hail “positive” outcome from Xi-Trump meeting

 The American Soybean Association (ASA) on Monday welcomed the “positive” outcome from the weekend meeting between the U.S. and Chinese leaders in Argentina, calling for repairing the “damage done to our trade relations with China.” “This is the first positive news we’ve seen after months of downturned prices and halted shipments,” said ASA president John […]

How IDPs become major beans producers

…a tale of the unbroken spirit of IDPs farmers   One of the farming communities in Nasarawa State that is gradually being hedged in by urbanisation is Auta-Ballefi. Arguably, the community is one of the biggest beans market, thanks to the enormous contributions of Internal Displaced Peoples that settled there. The gateway community, which is […]