International

WHEAT. Over the period under review (September 06-13), CBOT wheat prices lost 2.96%, reports UkrAgroConsult. The main bearish factors were the following: – rapid spring wheat harvesting in the USA (93% of the intended area compared to 85% – the five-year average); – publication of the September USDA WASDE report: raised world wheat production estimate […]

India, the world’s top sugar producer after Brazil, is considering a proposal to provide 45 billion rupees ($617 million) assistance to sugar mills to boost exports and cut domestic surplus next year. The government plans to provide a subsidy of 13.88 rupees per 100 kilograms of cane to sugar mills in the year starting Oct. […]

Indonesia has laid out new rules for commodities exporters to guarantee funding for shipments through Indonesian banks or branches of foreign banks in the country, the trade minister said on Tuesday, part of a bid to prop up the ailing rupiah. The Indonesian currency has fallen about 9 percent versus the dollar this year, caught […]

Pakistan has handed over the first consignment of 280 tonnes of wheat to Afghanistan at the Torkham border, officials say. In April this year, ex-prime minister Shahid Khaqan Abbasi announced a gift of 40,000 tonnes of wheat to the drought-stricken country during a visit to Kabul. National Logistic Cell (NLC) General Manager Mazhar Iqbal said […]

Russia’s agriculture minister has told his Moroccan counterpart that he expects the country to cut its import tax to 30 percent by the end of 2018 as Russia looks to develop new export markets. Morocco hiked its wheat import tax to 135 percent on May 11, and its rate for preferential trading partners — including […]

U.S. exports of wheat to China reached $351 million in 2017, making that country our fifth largest customer. Mexico is the largest customer of U.S. wheat, importing $855 million in worth in 2017, followed by Japan, accounting for an additional $713 million in wheat export business. As is the case with U.S. corn imports, China […]

UkrAgroConsult invites agribsusiness players to analyze the global trends of the agricultural market, learn to determine trends and patterns, forecast prices, anticipate and hedge risks in changeable market conditions. Trade conflict between the US and China radically changes the prospects for agricultural markets for the next few years. Since China has the lion’s share of […]

The government of Pakistan Tehreek-e-Insaf (PTI) is likely to increase wheat support price to encourage farmers to grow crop on more area to ensure food security in the country.   The proposal was floated by Minister for Petroleum Ghulam Sarwar Khan in a recent meeting of the Economic Coordination Committee (ECC) of the Cabinet held […]

Malaysia and Indonesia should work together to enhance the usage of palm oil in the global market and tackle the misunderstanding surrounding the commodity, particularly in Europe and the United States, Oil World Executive Director Thomas Mielke said.   He said the world’s top two palm oil producers should disseminate the real fact that palm […]

Saudi Grains Organization (SAGO) has completed measures to import 630,000 tons of wheat during 2018 from European Union countries, Australia, and South and North America, except Canada.   The fourth batch will arrive during November-December on board 10 ships through the Kingdom’s ports on the Arabian Gulf and the Red Sea, according to sources.   […]

MECHANISATION in rice production is cardinal in boosting yields in the wake of increased demand for the commodity, the Rice Federation of Zambia says. Association secretary Lubinda Mubuyaeta said in an interview that equipping farmers with better machinery will increase productivity. Mr Mubuyaeta said with the change in lifestyle, most people have incorporated rice as […]