Agriculture

Italy’s Eni is in exclusive negotiations with investment firm KKR regarding the sale of a minority stake in its biofuel unit, Enilive. This deal could value Enilive at approximately €11.5 to €12.5 billion ($12.5 to $13.6 billion), including debt. KKR is considering acquiring between 20% and 25% of Enilive, which aligns with Eni’s strategy to […]

In its weekly crop progress report released on Monday, the U.S. Department of Agriculture (USDA) rated 67% of the nation’s corn crop in good-to-excellent condition, reflecting a decline of one percentage point from the previous week. Analysts had anticipated no change, with a Reuters poll of 13 analysts projecting an average rating of 68%. Conversely, […]

The European Union’s crop monitoring service, MARS, has revised its forecasts for average grain yields in 2024, with the most significant reductions seen in maize and sunflower yields due to hot and dry weather in southeastern Europe. The report highlights contrasting weather conditions affecting grain and oilseed crops across the EU, with excessive rainfall in […]

Brazilian chemical company Unigel is seeking compensation from state-run Petrobras for losses incurred at two leased fertilizer plants, as revealed in a legal letter obtained by Reuters. These plants are crucial to President Luiz Inacio Lula da Silva’s strategy to reduce Brazil’s reliance on imported fertilizers, but they have been non-operational since the latter half […]

Brazil’s Agriculture Ministry announced on Sunday that it has ruled out three potential new cases of Newcastle disease in poultry after conducting additional tests on samples from birds in the vicinity of the first confirmed case last week. Newcastle disease is a viral infection affecting both domestic and wild birds, leading to respiratory issues and […]

Iraq has restarted rice cultivation after a two-year ban due to water scarcity, now testing a new strain of rice that requires less water than traditional varieties. Deputy Minister of Agriculture Mahdi Sahar al-Jubouri announced that the country has allocated 150 square kilometers (58 square miles) for rice farming this season, anticipating a yield of […]

Indonesian state purchasing agency Bulog has announced an international tender to acquire approximately 320,000 metric tons of rice, according to European traders on Monday. The deadline for submitting price offers is set for July 31, after which Bulog will initiate price negotiations that may take several days. If domestic harvests fall short, Indonesia could import […]

Brazil, the world’s largest coffee producer, is expected to see its coffee output reduced by 4 million bags due to poor crop development linked to dry weather, according to consultancy Safras & Mercado. The new forecast estimates production for the 2024/25 season (July-June) at 66.04 million 60-kg bags, down from the previous estimate of 70.37 […]

The condition of French soft wheat crops has sharply declined, reaching an eight-year low, with harvesting lagging significantly behind the usual pace, according to data from FranceAgriMer. As of July 15, only 52% of soft wheat was rated in good or excellent condition, down from 57% the previous week and 80% a year ago. This […]

Last week, polar winds hindered short-cycle wheat planting in Argentina’s agricultural heartland. However, producers are optimistic that expected rains this weekend will allow sowing to resume, according to the Buenos Aires Grains Exchange. As of now, wheat planting for the 2024/25 crop has reached 96% of the projected 6.3 million hectares, marking an increase of […]