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Australia’s grain producers have scoffed at a move by China to launch an anti-dumping investigation into billions of dollars in barley imports from Australia saying they fear it is politically motivated after Canberra signed security and infrastructure deals to counter Beijing’s influence in the Pacific. “Frankly, Australia wouldn’t be dumping barley in China because it’s […]
The International Sugar Organization on Thursday sharply reduced its forecast for an expected global sugar surplus for the 2018/19 season, cutting production outlooks for Brazil, India, Pakistan and the European Union. The inter-governmental body, in a quarterly report, forecast there would be a global surplus of 2.17 million tonnes in 2018/19 (October/September), down from a […]
Brazil’s record soy exports to China could grow further, an Agriculture Ministry official told Reuters, as the Asian nation’s trade war with the United States boosts its demand for South American beans. Odilson Ribeiro e Silva, vice minister of international affairs, traveled to China this month and said he hopes the high demand will also […]
With the country reeling under the massive financial and administrative cost of carryover wheat stocks — currently close to nine million tonnes — for the last few years, policymakers are coming under pressure to divert a part of the area under wheat cultivation to other crops like pulses, canola and sunflower to diversify the crop […]
UkrAgroConsult is glad to welcome a Sponsor of the XVI International Conference “Black Sea Grain-2019” Filhet-Allard Maritime, France. Filhet-Allard Maritime – is marine insurance enterprise operating in the major global shipping and commodities markets for many decades. Company’s services include insurance of all aspects of the world’s transport risks: hull and machinery (merchant, fishing, […]
Malaysian palm oil futures on Thursday struggled to recover from a more than three-year low hit in the previous session, as rising inventories in the world’s second-biggest producer weighed on the market and physical demand showed no signs of improvement despite a hefty price correction. The benchmark palm oil contract for January delivery on the […]
Like many analysts, those at the U.S. Department of Agriculture are predicting a steep drop in U.S. soybean acres next spring. Unlike many analysts, they are not forecasting a rebound in those acres in the years that follow. In its base line projections used for budgeting purposes, the USDA is forecasting 82.5 million acres of […]
Maize imports, ethanol plant closures and the looming potential of a no-deal Brexit are putting pressure on wheat prices, according to grain traders. Maize imports are up by one-third and have broken the 540,000t mark since July, HMRC figures show. In the first three months of this year’s season (July-September 2018) the UK imported 544,000t […]
ARGENTINA’s wheat exports are set to double over the next decade, potentially challenging Australia’s competitiveness in key markets, according to a new report from the Australian Export Grains Innovation Centre (AEGIC). AEGIC chief economist Professor Ross Kingwell said Argentina was already a world powerhouse of grain exports with wheat poised to take a greater role. […]
This was stated by Xiaoxia Dong, General Secretary of the Chinese State Alliance of milk producers, the Director of the magazine “Dairy industry of China”. The expert spoke during the international conference “The Future milk exporters in the global market”, reports The DairyNews from the exhibition EuroTier. According to Xiaoxia Dong, the consumption of dairy […]
One of Australia’s leading grain exporters, GrainCorp, announced a drop of 43.7 percent to full year profits on Thursday, citing an ongoing drought in the country’s east. For the annual period until September 30, revenue was down 232 million U.S. dollars, or 7 percent, from 3.3 billion U.S. dollars to 3.07 billion U.S. dollars, with […]
International grain markets are making significant moves to ensure they have a sustainable suppliers or customers as some American grain exporters await revamped trade deals. Brazil, for example, is investing to increase its 2018-19 soybean acreage to 36.2 million hectares (89.45 million acres). The goal is to produce up to 120 million tons of soybeans […]
As per the latest data compiled by Food Corp of India, the government had 33.1 mln tn of wheat in its central pool as of Nov 1, up from 23.9 mln tn in the year-ago period,. This was almost 10 million tonnes from last due to strong procurement this year.In the season started April, the […]
Some Asian flour mills are looking to lock in wheat supplies until well into the middle of 2019, potentially shaking off a years-long trend for hand-to-mouth buying as global output is set to drop for the first time in six years. World wheat supplies are forecast to tighten in the second quarter of 2019 as […]
The Turkish Statistical Institute (TUIK) has released new projections for the year of 2018 regarding agricultural production. These projections indicate a 4.2 % decline in grain and other agricultural products, a 3 % decline in vegetables and a 1.7 % decline in fruit production. Grain production is expected to drop to 65.5 million tons whereas […]