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agro International news
Some Asian flour mills are looking to lock in wheat supplies until well into the middle of 2019, potentially shaking off a years-long trend for hand-to-mouth buying as global output is set to drop for the first time in six years. World wheat supplies are forecast to tighten in the second quarter of 2019 as […]
The Turkish Statistical Institute (TUIK) has released new projections for the year of 2018 regarding agricultural production. These projections indicate a 4.2 % decline in grain and other agricultural products, a 3 % decline in vegetables and a 1.7 % decline in fruit production. Grain production is expected to drop to 65.5 million tons whereas […]
Four years after taking office, Indonesian President Joko Widodo’s goal of food sovereignty continues to be a work in progress. The president, known locally as “Jokowi,” believes Indonesians should be able to produce as much rice, corn and soy as the country needs. But the government’s decision to import 100,000 tons of corn for animal […]
Saudi Arabia’s state grain buyer SAGO said on Thursday it was seeking 475,000 tonnes of hard milling wheat in an international tender. The wheat should be of 12.5 percent protein content and is for delivery during January to March, 2019, a statement by SAGO said. The tender deadline is Friday, Nov. 16. SAGO Governor Ahmad […]
The amount of US corn inspected for export in the week ended November 8 totaled 1.134 million mt, down 11.5% from the previous week, data from the Department of Agriculture showed Tuesday. The most recent reporting period’s total was 179.5% higher than the year-ago week, according to the USDA’s weekly Federal Grain Inspection Service report. […]
The government had 33.1 mln tn of wheat in its central pool as of Nov 1, up from 23.9 mln tn in the year-ago period, according to data released by Food Corp of India. The nearly 10-mln-tn rise in stocks is primarily because of robust procurement this year. In the season started April, the government […]
The US Department of Agriculture has slashed its estimate for global oilseeds production in 2018-19 to 599.6 mln tn, lower by 4.4 mln tn from its previous forecast, the agency said in its November report. The world oilseed crop is seen declining due to lower output estimates for soybean, cottonseed, peanuts and mustard seed. However, […]
The government has approved proposals from nine states for the procurement of pulses and oilseeds on the basis of minimum support price (MSP) in the kharif marketing year beginning October, Agriculture Minister Radha Mohan Singh has said. “We have given permission to nine states to procure pulses and oilseeds under the price support scheme,” he […]
Persistent dry weather and pest attacks are poised to cut India’s sugar output from a record this year even after farmers in the world’s second-largest producer increased plantings. Production may total 28,9 million tonnes in the year that began Oct. 1. That compares with the reduced estimate of 32 million tonnes made last month by […]
Bangladesh is scrapping an international tender to import 50,000 tonnes of wheat, citing higher prices, two officials from the state grains procurement agency said on Sunday. Agrocorp International made the lowest offer of $297.20 a tonne, including CIF liner out, in the tender, which was issued late last month by the Directorate General of Food, […]
It was a huge week for EU corn imports as 582,658 mt arrived in the bloc in the week to November 11, the biggest single week of imports since March 2017, data from the European Commission showed Monday. Big buying in the Netherlands (297,623 mt) and Spain (129,712 mt) drove this week’s volumes, with Ireland […]
AGRI-GIANT Wilmar International’s net profit for the third quarter jumped 10.7 per cent to US$407.4 million from a restated US$368.1 million a year ago led by better showing in tropical oils and oilseeds and grains businesses. An added boost to the bottom line came from higher share of results of affiliates and a slight improvement […]
Malaysia’s total palm oil stocks in October 2018 rose 7.63 per cent to 2.72 million tonnes from 2.52 million tonnes in September. Crude palm oil (CPO) stocks increased 13.94 per cent to 1.61 million tonnes during the month from 1.41 million tonnes in the preceding month. Stocks of processed palm oil decreased slightly by 0.4 […]
WIDESPREAD rain over the central regions of Western Australia in the past month have arrested the slide in winter crop grain yields and added at least 500,000 tonnes to the Grain Industry Association of Western Australia’s (GIWA) latest estimate for WA production. GIWA is now predicting the state will produce 15.653 million tonnes (Mt) […]
Egypt’s strategic reserves of wheat are enough to cover the country’s needs for 4.3 months, the supply minister was quoted as saying on Sunday by state news agency MENA. The country has enough sugar to cover its needs for 5.3 months and enough vegetable oil for 3.3 months, Ali Moselhy said in an address in […]