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Iran has emerged as the biggest buyer of US soybeans in August in the aftermath of trade tensions between China and the US, according to Baltic and International Maritime Council. According to a recent report by BIMCO, the world’s biggest international shipping association, Iran has emerged as the biggest importer of US soybeans in […]
Ethiopia provides a clear example of agricultural underperformance, as the country’s wheat production has consistently lagged other African nations. In 2012, Ethiopia’s wheat yields were 29 percent below neighboring Kenya, 13 percent below the African average, and 32 percent below the global average. To help address these shortcomings, Ethiopia’s Agricultural Transformation Agency introduced the Wheat […]
AUSTRALIA is expected to export 11.5 million tonnes (Mt) of wheat in 2018-19, down 12 per cent from the 13Mt forecast last month, according to the November World Agricultural Supply and Demand Estimates (WASDE) report released overnight by the USDA. Much of the fall has come from a drought-driven 1Mt reduction to Australia’s production […]
Mongolia can now fully secure its domestic demand for wheat and potatoes, the country’s Ministry of Food, Agriculture and Light Industry said Monday. Mongolia harvested a total 409,600 tons of wheat and 160,900 tons of potato this autumn, respectively up 172,600 tons and 44,500 tons compared with the previous year, the ministry said in a […]
A report by Egypt’s Ministry of Agriculture says that Egypt has imported 10.1 million tonnes of wheat from nine countries in Eastern Europe and Asia since January. One of the world’s largest wheat importers, Egypt imported nearly 7.1 million tonnes from Russia, the report said. In second place came Ukraine at 100,000 tonnes. Egypt cultivates […]
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The Grain Millers Association of Zimbabwe (GMAZ) has secured enough wheat for the festive season and has started moving the cereal into the country from neighbouring Mozambique. GMAZ recently acquired 30 000 tonnes of wheat from international markets and the first consignment arrived at Forbes Border Post from Beira over the weekend. The association’s chairman […]
This is harvest season in the rich farmlands of the eastern Dakotas, the time of year Kevin Karel checks his computer first thing in the morning to see how many of his soybeans Chinese companies have purchased while he was sleeping. Farmers here in Cass County have prospered over the past two decades by growing […]
The country’s rice self-sufficiency level declined to 93.44 percent from 95.01 percent, the Philippine Statistics Authority said. According to the PSA, the country’s Import dependency ratio (IDR) of rice increased to 6.56 percent last year from 4.99 percent in 2016. Rice imports went up by 39 percent to P18 billion in 2017.In terms of volume, […]
Farmers in the country have commenced sowing of wheat in the country, key rabi food grain, with total area rising 58.7% on year to 914,000 ha as of Thursday, according to data released by the agriculture ministry. The acreage was also higher than the normal area of 143,000 ha for the period, based on the average […]
A Japanese company has broken ground for a $70 million vegetable oil plant in the New Orleans area. A news release from the Jefferson Parish Economic Development Commission on Friday says Fuji Vegetable Oil Inc. plans to process palm oil, palm kernel oil, sunflower oil, and coconut oil at the plant. The complex will also […]
Since the mid-2000s, North Dakota farmer Paul Thomas has planted more of his land with soybeans as China’s demand for the oilseed grew. The shift culminated this year when Thomas planted 1,600 of his 5,000 acres with soybeans, the most ever. But Thomas and many farmers like him plan to return to the old U.S. […]
Mongolia harvested 409.6 thousand tons of wheat, 160.9 thousand tons of potato, 93.6 thousand tons of vegetables, 117.8 thousand tons of fodder plants and 19.3 thousand tons of oil plants. Wheat harvest increased by 172.6 thousand tons, potato by 44.5 thousand tons, vegetables by 14.5 thousand tons, fodder plants by 57.3 thousand tons and oil […]
Global palm oil output will climb by nearly 2.5 million tonnes in 2019, although growth will slow in top producer Indonesia, industry analyst James Fry said on Friday. “Crude palm oil production will revive outside Indonesia in 2019, but Indonesian growth will slow,” Fry said in a presentation at an industry conference on the Indonesian […]
The New York-based company reported results for the quarter and nine-month period ending September 30 on Wednesday [October 31]. Net income for the quarter was $365m, up from $92m for the third quarter of 2017, Bunge reported. For the first nine months of the year, net income was $332m, up from $220m. Total segment earnings […]