International

Malaysia is going to revise the structure of its customs duty on palm oil exports to be charged next year. These measures are taken in order to make the product more competitive, strengthen foreign demand for it, and reduce surplus inventories, reports UkrAgroConsult. In addition, Malaysia intends to reduce high palm oil stocks by expanding […]

The Economic Coordination Committee of the Cabinet (ECC) approved on Tuesday the modalities of ministry of National Food Security and Research for export of 0.5 million tons surplus wheat and wheat products of the public sector. The meeting of ECC was presided over by Minister for Finance Asad Umar here. During the meeting Ministry of […]

Cocoa prices ended 2018 with strong gains, leading generally firmer agricultural markets, but the year marked falls for most major commodities as increasing global economic uncertainty hit metals and oil. Worries about slackening growth in China, the world’s second-largest economy, and trade talks between Washington and Beijing will be the main focus in the new […]

In January-November 2018, Ukraine exported 2.36 million tons of rapeseed for the amount of USD 977.93 million, which is 18.6% more than in the relevant period last year. The State Fiscal Service of Ukraine (SFSU) informs that the major importers of the oilseed crop in the reporting period are as follows:     Belgium — USD […]

IT was a record breaking week for the Kwinana zone last week with 7.7 million tonnes of grain delivered so far for the harvest season. The zone received about 350,000 tonnes last week pushing it past the previous grain receival record of 7.5mt. This takes total receivals to 15.7mt up to last Friday. “Yields have […]

COFCO International Ltd is partnering with Archer Daniels Midland Company (ADM), Bunge Limited, Cargill Incorporated and Louis Dreyfus Company (LDC) to standardise data and digitise global agricultural shipping transactions. Together, the companies are looking to increase transparency and efficiency for customers through digital technologies, such as blockchain and artificial intelligence. “We are pleased to join […]

Wheat output in India, worlds’ second largest producer after China, is likely to increase in the current Rabi season as farmers looks to bring more area under the cereal crop in the key producing states. The sowing this season has progressed earlier than the last year in most states including Uttar Pradesh, Punjab, Haryana and […]

China is allowing rice imported from the U.S. for the first time ahead of trade talks between the two nations, Reuters reported Friday. Trade talks are scheduled for sometime next month, according to China. President Trump and his Chinese counterpart Xi Jinping had announced that they would be halting the implementation of more tit-for-tat tariffs […]

India is likely to cut import tax on palm oil, a government source said on December 28, in line with New Delhi’s trade agreements with Southeast Asian countries. Earlier this year, India, the world’s top buyer of vegetable oils, raised the import tax on crude palm oil to 44 percent from 30 percent and lifted […]

Chicago Board of Trade (CBOT) soybean futures closed down over one percent on Wednesday, mostly on concerns about demand amid few signs of new demand from China. According to U.S. Department of Agriculture (USDA), China purchased more than 2.7 million metric tons of U.S. soybeans in the past two weeks. Traders had expected that China […]

In 2019, the US-China trade war will continue to be the main focus for the Asian soybean market. China — the world’s largest buyer of soybeans — is also the biggest importer of US soybeans. In 2017, China imported 55% of the US soybean exports, representing 27% of the total soybeans produced in the US. […]

The European Commission raised its estimate of 2018/19 usable maize (corn) production in the European Union to 67.5 million tonnes (mln t) from 62.9 mln t previously. In supply-and-demand data released on its website the Commission cut its estimate of 2018 common wheat (soft wheat) production to 128.5 mln t from 129.2 mln t previously. […]

Jordan cancels wheat tender – government source Source link

Malaysia said it is currently reviewing its palm oil export duty structure to ensure market competitiveness, according to a minister, which could help boost demand and reduce the country’s stockpiles that are at their highest in nearly 18 years. “We are currently reviewing our present export duty structure to ensure a level playing field in […]

Wheat has been planted in 253.52 lakh hectare so far in the ongoing rabi season, slightly lower than the previous year, the agriculture ministry said Friday. Besides wheat, sowing of other rabi crops such as rice, pulses, coarse cereals and oilseeds also lagged. Rabi crops’ sowing begins from October and harvesting from March. Wheat is […]