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The 2018 UK wheat crop is down 5.1% on last year, while barley production fell by 7.9%, according to provisional Defra figures. It is estimated that the total wheat crop is just under 14.1m tonnes, below the five-year average for 2013-2017 of 14.8m tonnes. The total barley crop is forecast to be 6.6m tonnes, again […]
Egypt’s need of sugar increases annually by 50,000 tons because of the population, Head of Sugar Division at the Federation of Industries Hassan Fendi said. Fendi clarified that this demand requires the establishment of a complete sugar industry line every three years to produce 150,000 tons annually to fill the current and future gap. The […]
Al Dahra, a UAE-based international conglomerate, specialising in the agribusiness, has signed an agreement to acquire acquiring the assets of PKB Korporacija and its subsidiaries in Serbia for Euro 150 million ($172 million), through an asset sale model transaction. The acquisition is being undertaken as a result of Serbia’s objective to privatise PKB Korporacija, and […]
While the new U.S.-Canada-Mexico trade deal brought some signs of relief to American farmers, most of the heartland economy is still suffering from the blow of Donald Trump’s trade war with China. Take for instance April Hemmes, who grows soybeans and corn on 1,000 acres in Iowa. She locked in prices for half of her […]
AUSTRALIAN barley’s dominant position in the Chinese market is set to continue and Australia’s substantial share of the Chinese wheat market also remains strong, although facing competition from North American suppliers. That was the message COFCO International Australia chief executive officer, Yebin “Bruce” Li, presented to the Grain Industry Association of Western Australia (GIWA) forum in […]
Palm oil producers have asked the government to reconsider and review the imposition of a 5% sales tax on fresh fruit bunches (FFB) for the palm oil industry as they are already paying several other types of taxes. The producers, through the Malaysian Palm Oil Association (MPOA) highlighted in a statement that the industry is […]
On October 18, Egypt purchased 180 KMT of milling wheat from Russia to be delivered on December 1–10, 2018 at an average price of USD 253.24/MT C&F. The price in the previous tender equaled USD 244.32/MT C&F, reports UkrAgroConsult. The purchase included the following: Quantity, KMT Origin Shipper FOB ($) Freight ($) C&F ($) […]
Farmers in drought-stricken parts of Australia are celebrating after the heavens opened up this week, inundating parched lands with more than a month’s rain in one day following the country’s driest September on record. Eastern Australia has been suffering from an extended dry period — in some regions stretching across several years — leaving farmers […]
A day after farmers protested for higher crop prices on the Delhi-Uttar Pradesh border, the BJP-led government on Wednesday approved MSP for rabi crops ensuring at least 50 per cent profit over production cost, including a Rs 105 hike for wheat. The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi approved […]
In a notice to millers, Tafadzwa Musara, chairman of GMAZ, said the country’s flour stocks are critically low and it was important that major bread bakers been given priority. Zim’s major bakers GMAS’s notice listed nine bakers, which, according to the National Bakers Association of Zimbabwe (NBAZ), account for 95% of the bread supply to […]
The latest foodservice price index from CGA and Prestige Purchasing also said the hot summer means key prices are likely to rise soon. In meat and poultry, prices have continued to decline since spring, falling by 2.1% in August month on month and 5% year on year. After a dry summer, more price rises are […]
“It is safe to say we can secure a bumpy grain harvest this year,” Minister of Agriculture and Rural Affairs Han Changfu told Xinhua in an interview. China is expected to reap at least 600 billion kg of autumn grain this year, Han said, adding that the output and inventory of wheat and rice will […]
FAO’s latest forecast for global cereal production in 2018 has been raised by 3 million tonnes since the previous report in September, to 2 591 million tonnes; still 63 million tonnes (2.4 percent) below last year’s record high. World wheat production in 2018 is forecast at 722.4 million tonnes, nearly unchanged from the previous month […]
Global agricultural food commodity prices fell in September due to growing inventories of key staples. The FAO Food Price Index declined 1.4 percent from August and is now 7.4 percent below its level during September 2017. The FAO Cereal Price Index dropped 2.8 percent, led by maize as expectations of a very large crop in […]
India raised the price at which it buys new-season wheat from local farmers by 105 rupees or 6 percent, the farm minister said on Wednesday as Prime Minister Narendra Modi tries to defuse discontent among farmers ahead of elections in 2019. The revised purchase price of 1,840 rupees ($25.09) per 100 kg for 2019 compares […]