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agro International news
Torrid exports early in the crop year mean Agriculture Canada’s forecast of full year wheat exports of 22.3 million tonnes is in reach. Canada exported 5.44 million tonnes of wheat in the first 15 weeks of the crop year, which is likely a record amount for this time of year, helping to keep Canada’s overall […]
On November 22, Egypt purchased 240 KMT of milling wheat from Romania, USA & Russia to be delivered on January 10 – 20, 2018 at an average price of USD 252.97/MT C&F. The price in the previous tender equaled USD 252.56/MT C&F. The purchase included the following: Quantity, KMT Origin Shipper FOB ($) Freight ($) C&F […]
French oilseed crusher Avril has put into operation the country’s first biofuel plant, which will only produce biodiesel, reports UkrAgroConsult. Biodiesel is usually blended with conventional fuels, but the company stresses that using “pure” biodiesel will cause lesser damage to the environment. It is added that Oleo 100 biofuel will only be made of rapeseed […]
Over the period under review (November 08-15), NYMEX WTI crude oil prices lost 7% reaching USD 56.46 per barrel on Thursday, reports UkrAgroConsult. OPEC reported that in October, countries of the cartel increased crude oil production by 127 thousand barrels per day. Saudi Arabia and the United Arab Emirates showed the largest growth, while Iran […]
Sugar production in Britain is expected to fall to 1,05 million tonnes this season, down from the prior season’s 1,37 million tonnes, Associated British Foods (ABF) said. British Sugar — the only British producer of sugar from domestic beet — said in its annual results statement that the decline was due to late drilling in […]
Malaysian palm oil futures touched their lowest in more than three years on Wednesday, shedding gains from the previous session, as a plunge in crude oil prices dented sentiment. Palm oil prices are influenced by movements in crude oil, as the edible oil is used as feedstock to make biodiesel. The benchmark palm oil contract […]
The U.S. government on Tuesday forecast world sugar production will fall about 9 million tonnes in 2018/2019 to 185,9 million tonnes, while global consumption swells to new records. It is reported by Reuters with reference to USDA report. In its biannual report the U.S. Department of Agriculture (USDA) said the decline in global production was […]
Poland’s corn production in 2018-19 is forecast to fall 20% compared to the previous year due to drought conditions in key growing areas, according to a Nov. 20 Global Agricultural Information Network report from the U.S. Department of Agriculture. USDA projects the country’s corn output at 3.2 million tonnes, down from 4.0 million tonnes in […]
Brazil, traditionally the world’s top sugar producer, is poised to cede the crown to India for the first time in 16 years. Production in the Asian country this season may rise 5.2 percent to a record 35.9 million metric tons on increasing acreage and improving yields, the U.S. Department of Agriculture’s Foreign Agricultural Service said […]
HARVEST has progressed across Australia’s cropping regions, with many growers surprised by the good quality of grain coming out of paddocks. Victorian Farmers Federation grains president Ross Johns, based in Warracknabeal, said while recent rain had delayed harvest in some parts of the state, “rain is always good, whenever it falls.” Despite the challenges of […]
United States farmers finishing their harvests are facing a big problem – where to put the mountain of grain they cannot sell to Chinese buyers. For Louisiana farmer Richard Fontenot and his neighbours, the solution was a costly one: Let the crops rot. Mr Fontenot ploughed under 1,000 of his 1,700 soybean acres this fall, […]
Vietnam is on course to smash estimates for its 2018 calendar year corn imports, as a recent spate of South American buying boosts a strong import programme from earlier in the year, according to data analysed by Agricensus. However, rumours that imports heading to Vietnam are feeding a smuggling route into China have been dismissed […]
According to the report released yesterday by the European Commission, after a sharp decline in exports of wheat last week, the EU has remained a net importer of grain in the current marketing year. The Total import of wheat, barley and corn for the first time since the beginning of the season exceeded exports due to […]
China’s National Development and Reform Commission (NDRC) said it had set the minimum purchasing price for wheat in 2019 at 112 yuan ($16.14) per 50 kg, or 2,240 yuan a tonne. The price is down from this year’s 2,300 yuan per tonne and the second year in a row that the government has reduced its […]
The government has procured 16.51 million tonnes of rice so far in the current 2018-19 marketing year and the total quantity is likely to surpass the target, a senior Food Ministry official said Tuesday. The rice procurement target set for this year was 37 million tonnes. The government had procured 38.18 million tonnes during the […]