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Australia and Indonesia concluded negotiations for the Indonesia-Australia Comprehensive Economic Partnership Agreement or IA-CEPA on Friday, which will allow Australian farmers to export 500,000 mt/year of tariff-free feed grains to Indonesia. Under the new agreement, Australia will gain access to the Indonesian feed grain market, with the ability to export duty-free feed barley, feed wheat […]
Soymeal demand in China remained strong last week, pushing stock levels lower to 1.22 million mt as market seasonality overshadows the impact of the swine flu outbreak, the China National Grain and Oil Information Centre (CNGOIC) said Thursday. Soymeal stocks are down 40,000 mt over the week, with stock levels 30,000 mt lower than the […]
Zimbabwe is running out of wheat because the central bank won’t provide foreign currency needed to pay for a consignment of the grain, the Grain Millers’ Association of Zimbabwe said. The country only has 28,028 metric tons of wheat stored, compared with a three-monthly requirement of 114,000 tons, Lynette Veremu, general manager of the association, […]
In the light of ongoing outbreaks of African Swine Fever (ASF) in Eastern Europe and in China, the Philippine government has temporarily banned pig and pork imports from China, Latvia, Poland, Romania, Russia and Ukraine. Agriculture Secretary Emmanuel Piñol has ordered the immediate suspension of the processing, evaluation of the application and issuance of sanitary […]
I hadn’t realised, until I received a Labour Party press release, that Michael Gove murders badgers. I don’t mean that he goes out at night with a shovel and strangles them with his bare hands (I do doubt it), or that he sends his terrier of a wife, Sarah Vine, to invade their setts and […]
A no deal Brexit risks creating a dangerous two tier food system that divides the rich and the poor, with the less well-off forced to accept lower standards, warns a major new report from a leading UK think-tank Current high welfare standards could be compromised by cheaper imports Curbs to migration could drive up […]
ZIMBABWE was by yesterday left with less than a month of wheat stocks after a United Kingdom-based supplier held back a 30 000-tonne consignment at Mozambique’s port of Beira until payment is confirmed following delays by the Reserve Bank of Zimbabwe (RBZ) to remit $12,5 million to close the deal. It is understood that some […]
Just 2 weeks left to to register for the VI International Conference “Black Sea Oil Trade-2018”! Take your chance to join a leading meeting point of the Black Sea and global oilseed market operators. The conference will be held on September 20, 2018 in Hilton, Kyiv, Ukraine. CONFERENCE AGENDA IS AVAILABLE HERE. Agribusiness operators from […]
On September 5, Egypt purchased 60 KMT of milling wheat from Russia to be delivered on October 21 – 30, 2018 at an average price of USD 235.00/MT C&F. The price in the previous tender equaled USD 241.23/MT C&F, reports UkrAgroConsult. The purchase included the following: Quantity, KMT Origin Shipper FOB ($) Freight ($) C&F […]
India, which was a major importer of palm oil and coconut oil from Malaysia and Indonesia and Sri Lanka to meet its vegetable oil requirements, has now started exporting coconut oil to these countries in a big way. For the first time, India also started exporting large quantities of dry coconut to US and European […]
Argentina has suffered a currency crisis since the beginning of the year, and the Argentinian peso devalued over 100% against the U.S. dollar since then. This is sparking increased export taxes for Argentina’s agricultural commodities. As a consequence of higher interest rates in the U.S. and the European Union, the country’s debt skyrocketed to record […]
Amid the current account deficit, the government and private sector work hand in hand to expand the export market of palm oil by sending trade mission delegations to Pakistan. “We will depart to Karachi, Pakistan,” the Indonesian Palm Oil Producers Association (GAPKI) deputy chairman Togar Sitanggang said in Jakarta on Tuesday. After the Indonesian government, […]
Rice farming is known to be a major contributor to climate change, but new research suggests it is far bigger a problem than previously thought. Techniques intended to reduce emissions while also cutting water use may in fact be boosting some greenhouse gases, meaning the impact of rice cultivation may be up to twice as […]
The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) estimates a nation-wide outbreak of the wheat rust strain Ug99 could cost Australia up to $1.4 billion over 10 years. ABARES Executive Director, Dr Steve Hatfield-Dodds, said the results of a report released today highlight the importance of keeping Australia’s $6 billion wheat industry […]
As part of the determined action to improve Egypt’s food security and wheat supplies, the government is setting a program to achieve food security, raise wheat storage capacity, ensure availability of wheat consumption and increase the efficiency of distribution. The program aims to achieve self-sufficiency in the basic food commodities and reduce Egypt’s dependence on […]