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Agriculture constitutes the largest sector of Pakistan’s economy and the majority of the population depends on it. It contributes about 24 percent of gross domestic product (GDP), accounts for half of the country’s employed labor force, and is the largest source of foreign exchange earnings. It feeds the whole rural and urban populations of Pakistan. […]
India’s cabinet is set to raise the state-mandated prices for winter-sown crops such as wheat later on Wednesday, two government sources said, as Prime Minister Narendra Modi tries to tackle rising discontent among farmers amid a price slump. The government announces minimum support prices (MSPs) for most crops yearly to set a benchmark, although state […]
According to the European Commission, in the current marketing year the EU reduced compared to the corresponding period of the previous season, the export of wheat by 32%, from 5.7 to 3.9 million tons, but increased its imports by 24% (from 758 to 938 thousand tons. Export of soft wheat in comparison with the previous […]
WHEAT IMPORTS by flour millers are expected to be little changed this year with demand for wheat products tempered by the commodity’s high price on world markets. “I can project that imports will be flat this year at 2.6 million metric tons (MT) same as last year’s total,” Philippine Association of Flour Millers, Inc. executive […]
More than 9.5 million tons of wheat worth 120 trillion rials ($750 million) have been purchased from local farmers across the country by the government in the current Iranian year, registering a 5.5% rise both in weight and value compared with last year. This was stated by an advisor to the agriculture minister and executive […]
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Sych Maryna – grain market analyst at “UkrAgroConsult” The harvest of major grains in Russia is entering the final straight, and weather conditions continue adjusting the country’s grain crop potential. The wheat harvest is already roughly 87% complete. At the same time, UkrAgroConsult still sticks to its June forecast for the Russian wheat crop. However, as the wheat […]
Saudi Arabia, the world’s largest importer of feed barley, will restore a private sector role in the trade after two years during which it was handled solely by the state, Minister of Environment, Water and Agriculture Abdel Rahman Al-Fadli was quoted as saying on Sunday. Saudi Arabia used to import its feed barley through the […]
Drought and hot weather this summer has devastated crops, with one expert calling it the worst for a century A roasting hot summer offering little rain has had a hugely detrimental impact on the Danish agriculture industry as farmers bring home the harvest for the year. It has already become clear that the unseasonable weather […]
Iran’s government is to purchase “slightly less” than 10 million mt this year from domestic farmers, an increase of about 10% last year, said Mohammad Bagher Nobakht, vice president of Iran and head of planning and budget organisation. The Government Trading Corporation of Iran said in July that the nation will not require wheat imports […]
Parched soils have hampered late-summer rapeseed sowing in Europe, raising the prospect that farmers will shift toward attractively priced wheat for next year’s harvest, analysts said. Barley, which like wheat has seen a price rally amid tightening global supplies, could gain extra area too as farmers turn to cereals and cut back on both rapeseed […]
Mohammad Baqer Nobakht, the head of Iran’s Budget and Planning Organization, said in a tweet that near 10 million tons of wheat are estimated to be purchased at guaranteed prices by the end of this year’s harvest season, 10 percent more than last year’s figure. As reported by Tasnim news agency, the official expressed hope […]
The outlook for the European sugar sector is not good at the moment, according to the director-general of the European Association of Sugar Manufacturers (CEFS). “It is really a difficult period of time with a lot of uncertainties, ” Marie-Christine Ribera told EUobserver in an interview. The Brussels-based lobby group’s main concern – and that […]
Negotiators from Canada and the United States went down to the wire but were able to reach an agreement on a new free trade pact that will include Mexico, the governments announced late Sunday night. The United States-Mexico-Canada Agreement (USMCA) updates and replaces the nearly 25-year-old North American Free Trade Agreement (NAFTA), which President Donald […]
The world’s largest sugar exporting nations are calling on their governments and the World Trade Organisation to step in and wind back India’s plan to kickstart exports to bolster its ailing domestic industry. Last week India announced a $1 billion scheme, in addition to a round of domestic industry assistance announced earlier this year, which […]