Agriculture

France’s agricultural ministry has announced that the area dedicated to the main wheat crop is set to increase for the upcoming harvest, following a dry end to autumn that prevented a repeat of the rain-affected sowing experienced last year. However, the total area planted will still be below the average of recent years. Key Highlights:Wheat […]

Russian agricultural consultancy Sovecon has revised its 2025 wheat crop forecast down by 3 million metric tons, now estimating production at 78.7 million tons. This adjustment is attributed to crop conditions that Sovecon describes as the worst in decades. Key Highlights:Forecast Details: The updated figure represents the smallest wheat crop since 2021, when production reached […]

The U.S. soybean crush experienced a decline in November, falling from an all-time high set the previous month and not meeting most trade estimates, as reported by the National Oilseed Processors Association (NOPA) on Monday. Key Highlights:Crush Figures: NOPA members, representing approximately 95% of U.S.-processed soybeans, crushed 193.185 million bushels in November.This figure was below […]

Euronext wheat futures surged on Monday, reaching a seven-week high following a significant wheat purchase by Saudi Arabia, which is seen as a sign that competition from Russia may be diminishing. Key Highlights:Market Performance: March wheat futures, the most actively traded on Paris-based Euronext, closed up 1.5% at 233 euros ($244.84) per metric ton, peaking […]

Ukrainian wheat prices are projected to increase in December and January, driven by robust export demand, according to the Ukrainian agricultural producers’ union (UAC). Key Highlights:Export Volume: December’s wheat export contracts from Ukraine total 1.1 million metric tons.As of early December, 136,000 tons of Ukrainian wheat have already been exported.Price Projections: UAC forecasts a price […]

Brazil is poised to achieve record levels in chicken meat and pork production and exports in 2025, according to recent projections from the meat lobby ABPA. Key Highlights:Chicken Production Growth: Brazil’s chicken meat production is anticipated to reach 15.3 million metric tons in 2025, marking a 2.7% increase from the previous year.Exports are expected to […]

Russia is poised to boost the planting of oilseeds in the coming year as farmers seek more profitable alternatives to low-margin crops like wheat, according to Dmitry Rylko, head of the IKAR consultancy. Key Highlights:Shift in Crop Planting: The area dedicated to oilseeds could rise by 1 million hectares, potentially reaching 19 million hectares or […]

Brazil’s top coffee roasters, including JDE Peet’s, are poised to raise prices domestically starting next year due to a surge in raw bean prices driven by adverse weather conditions. This increase is expected to impact consumers both in Brazil and internationally. Key Highlights:Price Increases: JDE Peet’s, which produces brands like Jacobs, L’Or, and Douwe Egberts, […]

In a bid to manage high inflation and potential supply issues, Russia, the world’s largest wheat exporter, has announced a nearly 32% increase in its wheat export duty. This decision, made public on Friday, comes as the country grapples with the poor condition of winter crops. Key Highlights:Duty Increase Details: The export duty has risen […]

The European Union and South America’s Mercosur bloc have finally reached a tentative agreement on a long-awaited free trade deal, concluding 25 years of negotiations. However, significant obstacles remain as the deal faces scrutiny and opposition from various member states. Key Highlights:Agreement Announcement: European Commission President Ursula von der Leyen and Mercosur leaders announced the […]