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agro International news
Global palm oil output will climb by nearly 2.5 million tonnes in 2019, although growth will slow in top producer Indonesia, industry analyst James Fry said on Friday. “Crude palm oil production will revive outside Indonesia in 2019, but Indonesian growth will slow,” Fry said in a presentation at an industry conference on the Indonesian […]
The New York-based company reported results for the quarter and nine-month period ending September 30 on Wednesday [October 31]. Net income for the quarter was $365m, up from $92m for the third quarter of 2017, Bunge reported. For the first nine months of the year, net income was $332m, up from $220m. Total segment earnings […]
The Ministry of Agrarian Policy and Food of Ukraine reports that Ukraine has exported 65.7 thou. tons of flour by October 31, 2018. This figure is 57.6 thou. tons less than it was exported in last year’s comparative period. Since the start of MY2018/19, wheat flour shipments amount to 65.3 thou. tons, whereas other types […]
Soybeans were poised to post their biggest daily contractual gain on Thursday on hopes that a four-month trade war between the two wealthiest nations could be near an end. Soybeans rose 4% in a matter of minutes to hit a high of $8.73/bu after President Trump said he had made good progress in resolving a […]
UkrAgroConsult is glad to announce the first confirmed Speakers of the 16th International Conference ‘Black Sea Grain-2019’, which is scheduled for April 10-11, 2019 in InterContinental hotel, Kyiv, Ukraine. Among confirmed speakers: – Sergey Feofilov, Director General, UkrAgroConsult (Ukraine) – Dan Basse, President, AgResource (USA) – Erik Norland, Executive Director, CME Group (UK) – Elizaveta […]
FAO has raised its forecast for global cereal production in 2018 to 2 601 million tonnes, primarily due to higher estimates for wheat production in Canada and China. Nonetheless, the new forecast remains 2.1 percent below the record level achieved in 2017. Global rice output this year is expected to surpass last year’s all-time high […]
On Gerrid Gust’s farm in Saskatchewan, favorable weather this year brought a bumper crop of high-protein durum wheat, the best in the past few years. The grain used to make spaghetti isn’t fetching the usual premium price, though. It’s stuck in storage because of restrictions on pasta by Italy, the world’s top consumer, and popular […]
International food commodity prices dipped in October, as falling dairy, meat and vegetable oils prices more than offset a surge in sugar prices, the United Nations said today. The FAO Food Price Index, a measure of the monthly change in international prices of a basket of food commodities, averaged 163.5 points in October, down 0.9 […]
Warm and dry weather in the United States and Ukraine allows to speed up the harvesting of corn. The U.S. over the past week caught up with the backlog in cleaning and threshed 63% of the area that corresponds to the average 5-year average. However, the rainfall next week may slow the rate of harvest. In Ukraine, […]
The demand for American wheat has hit an eight-year low, according to recent data released by the U.S. Department of Agriculture (USDA). “The decrease to Mexico, our biggest wheat importer last year, was 22 percent, which equals the largest year-to-year reduction in exports that we’ve seen over the past seven years,” said Anton Bekkerman, professor […]
Bunge, the 200-year-old grain and oilseeds trader, is planning to establish a board committee to explore a sale of the company, in a deal with two activist shareholders including an agricultural investor with an even older grain trading pedigree. New York-listed Bunge was on Tuesday finalising settlements with the Continental Grain company and DE Shaw, […]
AUSTRALIAN wheat production estimates have been slashed considerably in recent weeks, according to a number of reports. Both the Rabobank winter crop outlook and International Grains Council October report have scaled back production to below 30 million tonnes for the season. Rabobank’s forecast for Australian winter crop production was set at 29.3 million tonnes, while […]
A continuing lack of rain in Europe has slowed sugar beet harvesting as farmers struggle to lift the crop from parched soil, which could further shrink yields this year. An unusually warm and dry start to autumn has exacerbated summer drought conditions in parts of Europe and has dashed hopes in some crop belts that […]
Overhead costs for soybean farmers in Brazil’s largest growing state rose 1.8% versus 2017, as higher domestic freight costs and a recent strengthening in the real drove prices higher, Mato Grosso’s agricultural economic institute (IMEA) said late Monday. Overheads came in at BRL3,168.89/ha ($844.3/ha), up 1.8% on the year, while variable costs came down 0.7% […]
Indian sugar millsNSE -1.68 % have traded 8.3 lakh tonnes of sugar, if the 50 lakh tonne that they have to export during 2018-19 sugar season with Uttar Pradesh accounting for more than half of the contacts, said traders at a conference organised by All India Sugar Trades Association (AISTA). “It is our estimate that […]