Browsing tag
agro International news
Germany, in most years one of the EU’s largest grain exporters, is expected to become a net importer after a hot, dry summer damaged crops, said a report from the U.S. Department of Agriculture’s Global Agricultural Information Network (GAIN). “The drought has heavily affected grain, rapeseed and forage production in Germany,” said the report. “As […]
The Senate is currently stepping up efforts to convert the quantitative restriction (QR) on rice into tariffs, a move that is expected to bring rice prices down and ease inflation. Economic managers have been banking on the scrapping of the rice quota to make rice more affordable, particularly to the poor, who spend at least […]
Because of climate change, Vietnam’s Kien Giang province is struggling to maintain its place as the country’s biggest rice producer, a distinction it has held for nearly two decades. The province is well positioned to produce rice. Located on the coast, in an area in the Mekong Delta with some of the country’s richest soil, […]
A total of 38.51 million mt of sugarcane was crushed in Central-South Brazil in the first half of September, down 10.9% from 43.31 million mt crushed during the second half of August, and down 15.3% from 45.47 million mt crushed during the year-ago period, trade association UNICA data showed Tuesday. The volume crushed was about […]
The President of Global AgriTrends says despite the current disruption in the global trade of US pork the long-term outlook remains optimistic In retaliation for import duties imposed by the Trump administration China has raised its duties on US pork to 62 percent and Mexico has imposed 20 percent duties on US ham. “Trump, Trade […]
Philippine corn production for marketing year 2017/18 is forecast to drop to only 7.98 mt as production area is seen to decline to less than 2.6 million hectares. The latest corn situation and outlook report from the Philippine Statistics Authority showed that the country’s corn hectarage and yield fell by 2.3% and 1.1% year-on-year respectively […]
Abu Dhabi-based Al Dahra Holding said on Monday it will invest a further $500m in various sectors in the Romanian market after acquiring the largest farm producer there. Al Dahra, which has been expanding aggressively in eastern Europe in the last five years, said it had bought Romania’s Agricost and Braila Island “recently”, but did […]
The drought has heavily affected grain, rapeseed, and forage production in Germany. As a result, Germany is expected to strongly increase imports of soybeans/soybean meal and to become a net grain importer. The US is set to become top source of soybeans to Germany. The drought was officially declared, “a weather incident of national extent,” […]
WHEAT. Over the period under review (September 13-20), CBOT wheat futures gained 8.8%, reports UkrAgroConsult. The major bullish factors were the following: – switching to a new contract; – weakening of the US dollar index; – weekly data on wheat contracting in the USA; – worsening of weather conditions in Australia – frost joined the […]
Indonesia’s imports of wheat for flour are expected to reach 8.5 million tonnes this year, an industry body said, up from 8 million tonnes in 2017, despite increasing prices of the grain. Indonesian demand for noodles, biscuits and snacks like martabak, a local version of a pancake, has climbed steadily in recent years as a […]
Serbia’s 2018 wheat output rose 29.3% on the year to 2.942 million tonnes, the country’s statistical office said on Tuesday, citing preliminary data as of September 1. The harvested area increased to 648,083 hectares in 2018, from 557,702 ha last year, the statistical office said in a statement. The statistical office said in June it […]
Togo’s gross grain output for the 2017/18 season exceeded 1.3 million metric tons, according to data from the Inter-States committee for the fight against drought in Sahel. This is 2.7% more than the output recorded in 2016/17 which was 1.27 million tons. The slight increase is mainly attributable to good weather conditions last year, in […]
If combines aren’t already rolling near you, chances are they will be soon, according to the latest USDA Crop Progress report. USDA has the 2018 U.S. corn harvest at 16% complete for the week ending September 23, moving ahead from 9% the prior week. That’s a bit faster than normal, with 2017’s progress reaching 10% […]
China’s grain imports fell sharply in August, customs data showed on Sunday, a month after Beijing imposed hefty tariffs on shipments from the United States, one of its top suppliers. China brought in 60,000 tonnes of sorghum in August, down 78.5 percent from 259,892 tonnes a year ago, according to figures published by the General […]
According to market participants, the Egyptian state buyer GASC has issued a tender to purchase 10 KMT of sunflower oil and 30 KMT of soybean oil for US dollars as well as 5 KMT and 10 KMT of these commodities, respectively, for Egyptian pounds, reports UkrAgroConsult. The vegetable oils are to be delivered on October […]