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Brazilian soybean exports in 2018 may surpass a previous record forecast as demand from China remains strong in the final months of the year, when shipments normally dwindle, soy industry group Abiove said. Abiove had forecast in early October that Brazilian soybean sales would reach 77 million tonnes in 2018, which would be unprecedented. But […]
Italian pasta exports have doubled in the past 20 years, rising from 740,000 tonnes to two million tonnes, with durum wheat semolina emerging as the most popular variety, a new study has found. At the same time, the number of countries importing Italian pasta has grown by 34% to almost 200, according to the latest […]
The farmers Sunday urged the government to ensure starting of sugarcane crushing seasons on time besides increasing the support price of the crop as prices of agricultural inputs had increased. Talking to APP, a farmer, Rai Farooq said that government must take measures to ensure crushing of sugarcane on time as late crushing of the […]
Ministry of Agriculture plans to sow 154,100 hectares of winter cereal crops in 2018, including 140,400 hectares of wheat and 13,700 hectares of barley. Autunm sowing campaign covered 83,100 hectares or 53.9% of the campaign so far this year. At the same time, winter wheat was sown on 75,700 hectares of lands, winter barley – […]
The impact of the dry weather is having a massive impact on supplies. Australia has been one of the hardest hit countries. After two drought years in a row, Dan explained the milling wheat price is now at $450/t. The country is using its food-grade or milling wheat to maintain breeding stock and to feed […]
The Australian Bureau of Agriculture Resource Economics and Sciences (ABARES) is now forecasting the nations winter crop to be just 28 million tonnes. ABARE’s released a revised update on it’s predictions for the upcoming grains harvest, which has been prompted by lower than expected rainfall in September. With the Victorian crop predicted to be reduced […]
On October 18, Egypt purchased 470 KMT of milling wheat from Russia, Ukraine & USA to be delivered on December 11–20, 2018 at an average price of USD 252.56/MT C&F. The price in the previous tender equaled USD 253.24/MT C&F. The purchase included the following: Quantity, KMT Origin Shipper FOB ($) Freight ($) C&F ($) […]
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 US Department of Agriculture (USDA) released details about the ongoing and expanding feed and food grain trade with Columbia Wednesday [October 24] in a Foreign Agricultural Service report. The US is anticipated to be the primary source for some feed grains imported by Columbia, including corn, in the 2018/19 marketing year (MY), said the team who […]
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Egyptian state grain buyer GASC has announced its latest wheat tender for December 11-20 shipment, sources told Agricensus Thursday. It is seeking cargos between 55,000 mt and 60,000 mt of milling wheat, with the tender to close on Friday. In its previous tender, closed October 4, GASC bought three 60,000-mt cargoes of Russian wheat including […]
Sugar, it’s so quintessentially Cuban that even a young, machete-wielding Fidel Castro used to hack away at the cane stalks vital to the Caribbean island’s economy. Now, the long-time world leader in sugar production is importing the stuff for the first time, and in large amounts, from France after another bad harvest. Sugar used to […]
The Egyptian state buyer GASC purchased 30 KMT of sunflower oil and 26 KMT soybean oil in a tender held on October 24, 2018, reports UkrAgroConsult. According to market participants, the sunflower oil was bought from Glencore (30 KMT at a price of USD 702/MTm) and the soybean oil was bought from Watanya/Cargill (26 KMT […]
India and Afghanistan are pushing ahead with plans to open a new transportation corridor between the two countries via Iran’s strategic port of Chabahar despite US sanctions. New Delhi sees the port crucial to its connectivity ambitions, including access to CIS countries – a regional organization of 10 post-Soviet republics in Eurasia. For landlocked Afghanistan, […]
Bangladesh’s state tender to purchase and import 50,000 tonnes of wheat on Wednesday drew a lowest offer from trading house Swiss Singapore Overseas of $291.93 a tonne CIF liner out, officials at the state grains buyer said. Three other trading houses competed for the tender from Bangladesh’s Directorate General of Food. No purchase has yet […]