Agriculture

European Commission President Ursula von der Leyen arrived in Uruguay on Thursday to finalize a long-awaited trade agreement between the European Union and South America’s Mercosur bloc. This comes even as France expresses strong opposition to the deal, labeling it “unacceptable.” Key Highlights:Political Context: Von der Leyen’s visit coincides with a political crisis in France, […]

Russian winter crops are currently in a poor state, necessitating partial replacement with spring crops, according to Deputy Prime Minister Dmitry Patrushev. The outlook for the upcoming harvest remains uncertain as over 37% of winter crops are reported to be in poor condition or have not sprouted, a stark contrast to just 4% last year—marking […]

Multinational grains traders in Brazil are advocating for changes to the Amazon soy moratorium, an agreement that prohibits the purchase of soybeans from farms on deforested land in the Amazon rainforest. This initiative has raised alarms among environmental advocates, who fear it could undermine efforts to protect one of the world’s critical ecosystems. Key Highlights:Background […]

Analysts from the ProZerno center have revealed alarming data regarding the condition of winter crops in Russia for the 2025 harvest, indicating that over 37% are either in poor condition or have not sprouted, marking an unprecedented low. Key Highlights:Poor Crop Condition: The data, sourced from the state weather forecasting agency, shows that only 31% […]

Australia has raised its wheat production forecast for the 2024/25 season by 100,000 metric tons, bringing the total estimate to 31.9 million tons. This adjustment is attributed to strong yields in the eastern and western regions, which are expected to offset losses in the south due to adverse weather conditions. Key Highlights:Production Increase: The updated […]

Brazilian soybean growers are preparing for a remarkable crop in the 2024/25 season, buoyed by favorable weather and high-quality agricultural inputs, according to agribusiness consultancies Celeres and StoneX. Key Highlights:Projected Output: Celeres forecasts Brazil’s soybean production to reach 170.8 million tons, nearly 1 million tons above previous estimates, driven by an expansion in soybean planting […]

In a significant move to tackle inflation, Russia, the world’s largest wheat exporter, announced a drastic reduction of its wheat export quota for 2025 by two-thirds. The government also increased wheat-export duties and eliminated import quotas for certain staple foods. Key Highlights:Export Quota Reduction: Russia’s export quota for the period from February 15 to June […]

Coffee prices reached a 47-year high on Friday before settling lower, driven by tightening supplies and concerns over next year’s crop in Brazil, the world’s largest coffee producer. The market is reacting to this year’s drought, which has significantly impacted production. Key Highlights:Price Movements: Arabica coffee futures on the ICE exchange fell by 1.5%, settling […]

Argentina’s soybean crop for the 2024/25 season is reported to be in excellent condition following beneficial rainfall across the country’s primary farming regions in recent weeks, according to the Buenos Aires grains exchange. Key Highlights:Moisture Levels: The exchange’s weekly crop report indicates that 98% of the soybean-planted area now has adequate to optimal moisture levels, […]

The Mostakbal Misr Agency for Sustainable Development in Egypt reportedly did not make any purchases during its inquiry for wheat and vegetable oil on Thursday, according to multiple sources. Key Highlights:Lack of Offers: Traders indicated that no price offers were submitted, and companies are seeking clarification regarding purchasing and payment terms from the agency.Despite this, […]