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The Philippines lost a total of 250,730 tonnes of paddy rice due to the strong typhoon that hit its northern provinces over the weekend, according to initial official estimates, exceeding a worst-case forecast by 60 percent. A man trapped in raging flood waters caused by Typhoon Mangkhut is pictured before his rescue in Tarlac, Philippines, […]
It is no secret that global wheat production will fall this year due to unfavorable weather across the European Union, Black Sea—Kazakhstan, Russia and Ukraine—and Australia. However, government policies are further constraining the global wheat supply, increasing costs and uncertainty for global wheat buyers. Currently, there are two countries that have changed their export policies—Argentina […]
Asian flour millers are expected to seek rare wheat shipments from Argentina in coming months as a second year of drought in traditional supplier Australia curbs supplies. At present, Asian wheat importers, including the world’s biggest buyer Indonesia, are buying most of their wheat from the Black Sea region. But Russia and Ukraine are expected […]
The Egyptian state buyer GASC purchased 11.5 KMT of sunflower oil and 20 KMT soybean oil in a tender held on September 13, 2018, reports UkrAgroConsult. According to market participants, the sunflower oil was bought from Aston (11.5 KMT at a price of USD 736,00/MT) and the soybean oil was bought from Watanya/Cargill (20 KMT […]
Poultry consumption in Vietnam, India, Indonesia and the Philippines (VIIP) has outperformed global growth in the past five years and is expected to continue growing through 2022, according to Rabobank’s industry report “Foodservice is the new growth driver” launched yesterday. The report found the growing demand for poultry is primarily driven by its relatively lower […]
The rice crisis has shown the inability of the National Food Authority (NFA) to stabilize the rice supply. Thus, the NFA should be abolished. ’We don’t need the NFA anymore,’’ Senator Sherwin Gatchalian said Friday even as President Duterte still has to announce the replacement of beleaguered NFA chief Jason Aquino. Gatchalian said the NFA […]
AUSTRALIAN grain growers will have greater access to the rapidly-expanding Indonesian feed grain market after successful negotiations between the Australian and Indonesian governments. The Indonesia-Australia Comprehensive Economic Partnership Agreement will now give grain growers a 500,000 tonne duty-free tariff rate quota for Australian feed grains imported into Indonesia, including feed barley, wheat and sorghum. GrainGrowers […]
American farmers have harvested about 5 percent of the total 2018 corn crop, the USDA’s latest Weekly Weather and Crop Bulletin says. That number is on par with last year’s progress at this time. On a state level, farmers in Texas are the furthest along. Growers in the state have completed 63 percent of their […]
Iraq will cut irrigated areas it uses to plant wheat by half in the 2018-2019 growing season as droughts grip the country, a major grain buyer in the Middle East. “The shortage of water resources, climate change and drought are the main reasons behind this decision, our expectation is the area will shrink to half,” […]
Asian flour millers are expected to seek rare wheat shipments from Argentina in coming months as a second year of drought in traditional supplier Australia curbs supplies. At present, Asian wheat importers, including the world’s biggest buyer Indonesia, are buying most of their wheat from the Black Sea region. But Russia and Ukraine are expected […]
Singapore — South Korea’s ethanol imports rose 23.4% month on month to 27,972 mt in August, data released Thursday by the Korea Customs Service showed. Imports of undenatured ethanol rose 25.83% on month to 13,030 mt in August. Brazil was the biggest supplier of undenatured ethanol in the month, accounting for 52.46% of the total, […]
Japan’s agriculture ministry has suspended exports of pork and wild boar following confirmation of the country’s first outbreak of swine fever in 26 years. The case was identified at a hog farm in Gifu. Swine fever, also known as hog cholera is different from the now prevalent African Swine Fever in China, though both diseases […]
Brazil’s policy of setting minimum freight rates has already cost traders around $1 billion in lost revenue and could cost farmers a further $4 billion, according to Frederico Humberg, CEO of Brazil-based trader AgriBrasil. Speaking at the Global Grains conference in Sao Paulo, Humberg told delegates that a final decision on legal objections to the […]
Brazil, one of the world’s largest granaries, will see a 6.2-percent decline in its harvest of cereal, legumes and oilseeds this year compared to last year, the Brazilian Institute of Geography and Statistics (IBGE) said on Tuesday. The projected drop is equivalent to 14.8 million tons, with a forecast total production of 225.8 million tons, […]
Japan will sell imported wheat to domestic millers at an average price of 55,560 yen ($498) per tonne in October to March, up 2.2 percent from the previous six-month period, the Ministry of Agriculture, Forestry and Fisheries said. The move reflects higher wheat prices in its main suppliers and higher shipping rates due to oil […]