International

Record procurement of rice is on the cards in India for the federal food security this season as arrivals have jumped in states where Assembly polls were held recently. While procurement has marginally trailed this year in traditional states like Punjab and Uttar Pradesh, the pre-poll announcement of bonus has bolstered arrival of paddy in […]

Tunisia’s state grains agency has issued an international tender to purchase up to 100,000 tonnes of durum wheat, European traders said on Tuesday. The grain can be sourced from optional origins. The tender deadline is Jan. 9, they said.The durum is sought in four 25,000 tonne consignments. The tender sought shipment between Feb. 15 and […]

Interview with Sergey Feofilov, Founder and CEO of the company UkrAgroConsult, Ph.D. in Economics UkrAgroConsult: In December, we traditionally sum up the results of the past year. How reliable did your forecasts for 2018 prove to be and what are the expectations for the coming year? Sergey Feofilov: The forecast success rate is good. Of […]

Government made a $2,5 million payment after Holbud threatened to cut off the deal citing Harare’s delay in meeting its financial obligations. Holbud delivered 30 000 metric tonnes of wheat worth $12,2 million. The UK based supplier last week raised concern over Zimbabwe’s delay in paying for the wheat that docked in Beira nine days […]

Export of soya bean oil and palm oil from Bangladesh to India has remained almost stalled since September last year, after bullish three months, as India has tightened the duty-free import of the products from Bangladesh. Exporters said that Bangladesh was supposed to get duty-free benefits for export of edible oil to India under the […]

China’s corn ending inventories have declined by over 20% since the state stockpiling program was abolished in 2016, found the analysts. Rabobank expects inventories to further drop in the coming years, potentially to critically low levels. Options to boost China’s corn supply Market-driven corn price increases will incentivize acreage rebound, but can only be part […]

India’s soymeal exports are expected to have declined 24% on month to around 200,000 tn in December, primarily due to appreciation in the rupee against the dollar, an official with The Soybean Processors Association of India said today. “We were expecting exports of around 300,000 tn in December but the demand (for Indian soymeal) fell last […]

Cargill saw its net earnings drop by 20% in its second quarter, partly due to lower hog volumes in China and challenges in the US dairy and poultry industries. The Minnesota-headquartered company recorded net earnings of $741 million for the three months ended 30 November 2018. Second-quarter revenues decreased 4% to $28 billion as the […]

INDIA has extended its ban on the import of peas which includes Australia’s Kaspa peas. The Government of India gazette reports that India’s Ministry of Commerce and Industry has extended bans on the import of peas a further three months until the end of March 2019. One commentator said it appeared the government did not […]

CME Group, a worldwide derivatives marketplace, on Jan. 3 reported that its annual average daily volume (ADV) for agricultural commodities in 2018 increased 9% over the previous year, rising from 1.35 million contracts to a record 1.48 million. For December 2018, ADV for agricultural commodities averaged 1 million contracts, down 5% from December 2017. Corn […]

Mustard oil mills across the country crushed 550,000 tn of the oilseed in December, up 29.4% on year, according to data compiled by Mustard Oil Producers Association of India. On a month-on-month basis, crushing increased 22.2% from 450,000 tn in November. Crushing was higher due to improved demand from oil millers and mustard meal exporters.  Reports […]

The country witnessed a robust growth in wheat import during last five fiscal years’ period, mainly for changing food habit of the countrymen. With around 5.5 million tons of barely purchased, Bangladesh has emerged as a leading wheat importer in the world with its import volume hitting a record high in the last fiscal year, […]

A zero duty will be applied to imports of rapeseed, cotton, sunflower and palm meals in China from January 1, 2019. These products can be used as a substitute for soybean meal in the livestock sector and compound feed industry, reports UkrAgroConsult. For most part, this decision was made in order to decrease the use […]

Malaysia is going to revise the structure of its customs duty on palm oil exports to be charged next year. These measures are taken in order to make the product more competitive, strengthen foreign demand for it, and reduce surplus inventories, reports UkrAgroConsult. In addition, Malaysia intends to reduce high palm oil stocks by expanding […]

The Economic Coordination Committee of the Cabinet (ECC) approved on Tuesday the modalities of ministry of National Food Security and Research for export of 0.5 million tons surplus wheat and wheat products of the public sector. The meeting of ECC was presided over by Minister for Finance Asad Umar here. During the meeting Ministry of […]