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agro International news
A couple of days ago we offered an update on US beef import statistics and outlook for next year, writes Steiner Consulting Group, DLR Division, Inc. The official export data for October was released by USDA-FAS on Thursday (6 December) afternoon and what follows is a brief recap of the main highlights and some of […]
The Australian Government Department of Agriculture and Water Resources (ABARES) has forecast that wheat production for the 2018/2019 marketing year will reach 16.95 million mt, the lowest since the 2007/2008 crop, according to a report released Tuesday. Compared with last year’s forecast, the 2018/2019 wheat production estimate has now been reduced by 20.2% due to […]
AUSTRALIAN grain production has been scaled back by 200,000 tonnes for the 2018-19 season, according to a recent report. The International Grains Council Report, published late last month, forecast a total Australian grain production figure of 27.7 million tonnes for the season, down on the October figure of 27.4 million tonnes. Australian wheat production for […]
The prime minister’s pet scheme to ensure higher income for farmers through robust procurement in coordination with states is moving at a snail’s pace, with just about 11% of the target achieved in the first two months, officials said. Food Corporation of India (FCI) and National Agricultural Cooperative Marketing Federation of India Ltd (Nafed), which […]
China intends to announce this month the first batch of U.S. soybean purchases where most, if not all, will be destined for state reserves, according to government officials. The final decision will be made by the State Council or cabinet, said the people, who declined to be identified as the matter is confidential. Details to […]
For a second year in a row China has set a record for rice production, this time with a yield of more than 18 tons on a hectare. This is almost three times the average in neighboring Japan, where farmers favor flavor over quantity and do not have 1.4 billion people to nourish. The record […]
The Finance Ministry of Indonesia has made an official statement about the imposition of zero duty on palm oil exports from the country instead of currently charged USD 50/MT. No levies from palm exporters will be collected when domestic prices for crude palm oil are USD 570/MT or lower, but USD 25/MT will be charged […]
U.S. Trade Representative Robert Lighthizer and U.S. Secretary of Agriculture Sonny Perdue announced that the government of Morocco has agreed to allow imports of U.S. beef and beef products into Morocco. 2018 is the first year that U.S. beef and poultry exporters have access to Morocco’s market under the terms of the U.S.-Morocco Free Trade […]
WINTER crop harvest yields continue to rise above expectations in Western Australia where total tonnages exceed projections as more area is harvested. Despite the impact of recent storms, spot fires and rainfall events, the earlier impact of frosts, a dry September, and the confined strip of very dry conditions across the north and eastern Albany […]
Indonesia’s wheat flour imports declined by 40% in 2017-18 to 50,000 tonnes of wheat equivalent, according to a Dec. 4 Global Agricultural Information Network report from the U.S. Department of Agriculture (USDA). The decline is mainly due to the continued weakness of the rupiah against the U.S. dollar. “Domestic flour will continue to dominate the […]
It was a record breaking October for grain movement and export. October exports of all grains hit 4.737 million tonnes, up 14 percent over the same month in 2017. It is always tricky to write a column with a deadline just as major news-making events are evolving. American President Donald Trump and Chinese President Xi […]
On December 6, Egypt purchased 350 KMT of milling wheat from Ukraine & Russia to be delivered on January 21 – 31, 2019 at an average price of USD 253.11/MT C&F. The price in the previous tender equaled USD 252.97/MT C&F, reports UkrAgroConsult. The purchase included the following: Quantity, KMT Origin Shipper FOB ($) Freight ($) […]
A soybean rally fueled by signs of easing U.S.-China trade tensions has added a wrinkle to the plans of some farmers to shift more acres to corn. On Tuesday, soybean futures closed at a premium of $5.375 a bushel to corn, the highest since June 18. The oilseed defied a slump in equities partly spurred […]
Soybean planting in Brazil is 89% complete, according to Curitiba consultancy AgRural. That’s well ahead of last year at 84% and the five-year average of 78%. Considering the current planting pace, soybean harvest could start as early as the second half of December in the South American country – the earliest ever. Typically, soybeans are […]
UkrAgroConsult continues preparation for the 16th International Conference ‘Black Sea Grain-2019’ and is glad to announce that Actava Trading DMCC became a General Sponsor of the Event. ‘Black Sea Grain-2019’ will take place on April 10-11, 2019 in InterContinental hotel, Kiev, Ukraine. Actava Trading is operating as a privately-owned, full service commodity brokerage house since […]