Agriculture

According to the Russian agricultural consultancy Sovecon, the forecast for Russia’s 2024 wheat crop has been revised upwards to 84.1 million tonnes from a previous estimate of 80.7 million tonnes. This represents a significant increase in the expected wheat production for Russia, the world’s largest wheat exporter. The revised forecast suggests that Russia’s wheat output […]

McDonald’s in Australia has been forced to cut back its breakfast service hours due to a shortage of eggs caused by bird flu outbreaks in the country. The fast-food giant has announced that it will now stop serving breakfast at 10:30 a.m., 1.5 hours earlier than the usual midday cutoff. According to McDonald’s, the decision […]

India’s annual monsoon rains have covered the entire country on Tuesday, six days ahead of the usual time of arrival, according to the state-run weather department. However, the rain totals so far this season are still 7% below the average. Typically, the monsoon rains start in the southwestern coastal state of Kerala around June 1 […]

The condition of the U.S. corn crop deteriorated slightly in the latest week, while national soybean ratings held steady, according to data released by the U.S. Department of Agriculture (USDA) on Monday. This follows floods that swamped portions of the northwestern Midwest region. The USDA reported that 67% of the corn crop was rated as […]

India’s palm oil imports rose by 3% in June from the previous month, reaching the highest level in six months, as robust demand from refiners for upcoming festivals and the oil’s discount to rival oils drove higher purchases. According to estimates from five dealers, India’s palm oil imports in June jumped to 788,000 metric tons, […]

Saudi Arabia’s main state wheat buying agency, the General Food Security Authority (GFSA), has purchased around 235,000 metric tons of hard wheat in an international tender, according to the agency. The purchase was considerably below the 595,000 tons sought in the tender. The origins offered were the European Union, Black Sea region, North America, South […]

Scientists tracking the spread of a new subtype of H5N1 avian flu are increasingly concerned that gaps in surveillance may keep them several steps behind a new pandemic, according to Reuters interviews with more than a dozen leading disease experts. Many of them have been monitoring the new subtype of H5N1 avian flu in migratory […]

Mexico’s incoming government, under President-elect Claudia Sheinbaum, will discard a core goal of outgoing President Andres Manuel Lopez Obrador’s administration to reduce imports of yellow corn and achieve self-sufficiency in its production, according to the incoming agriculture minister, Julio Berdegue. Berdegue told Reuters that Mexico will instead focus on maintaining self-sufficiency in white corn, which […]

China, the world’s biggest soybean importer, is likely to import record volumes of soybeans in July. This is driven by lower prices and the prospect of former U.S. President Donald Trump returning to power and reigniting trade tensions between Beijing and Washington, which was once China’s top supplier of the oilseed. Traders and analysts have […]

Malaysian palm oil futures ended higher for a third consecutive session on Friday, snapping a three-week decline. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 26 ringgit, or 0.67%, to close at 3,916 ringgit ($830.54) per metric ton. For the week, the contract rose 0.4%, marking its first […]