Agriculture

Chicago wheat prices bounced back on Wednesday, recovering from a more than two-month low, as bargain-buying supported the market. However, pressure from the ongoing U.S. harvest and improved weather in Russia are likely to limit the upside. The most-active wheat contract on the Chicago Board of Trade (CBOT) added 0.2% to $5.61-3/4 a bushel, as […]

Farmers in Nigeria’s northern Katsina state are being forced to abandon their farms due to deadly attacks by armed gangs, contributing to higher food prices and soaring inflation in the country. In the latest incident, 42-year-old maize and sesame seed farmer Hassan Ya’u and his fellow farmer Musa Nasidi narrowly escaped an attack by dozens […]

Denmark, a major pork and dairy exporter, has announced that it will be the first country in the world to introduce a tax on livestock carbon dioxide emissions starting from 2030. This move is part of the country’s efforts to reach its legally binding target of cutting greenhouse gas emissions by 70% from 1990 levels […]

In an Egyptian state purchasing tender for wheat held on Tuesday, the national grain buyer, the General Authority for Supply Commodities (GASC), received the lowest free-on-board (FOB) offer of $227 per metric ton (MT) for 60,000 tons of Russian wheat. The offer was presented by the trading company Olam. This was the lowest offer received […]

A heatwave expected to spread across Europe this week is set to take a heavy toll on summer crops in the southeast, but is good news for farmers on the other side of the region after prolonged rains flooded fields and hampered plant growth. Meteorologists forecast scorching temperatures in most parts of the European Union […]

French sugar cooperative Tereos expects to crush about 21 million metric tons of sugarcane in Brazil during the 2024/25 harvest, maintaining the record level from 2023/24.This is despite the drought in Brazil’s key sugarcane production area, the center-south region.Tereos will achieve this by retaining all its production rather than selling part of it, as it […]

Vietnam, the world’s second-largest coffee producer, has been hit hard by the worst drought in nearly a decade, raising concerns about higher global espresso prices.Domestic forecasts expect a 10-16% drop in Vietnam’s next coffee harvest due to the extreme heat that hit the Central Highlands region.However, some Vietnamese coffee farmers have found ways to maintain […]

India has imposed limits on the wheat stocks that traders can hold, as wheat prices have been rising in recent weeks due to supply concerns.The government may consider reducing or abolishing the 40% import duty on wheat to allow private traders and flour millers to import the grain, potentially from major exporters like Russia.This is […]

Forecast dryness in the Black Sea region, a major breadbasket, is likely to stunt sunflower and corn yields.Heavy rains in the U.S. Midwest after near-record temperatures threaten to impact crop output.These weather extremes are impacting major global growing regions, including Russia, China, India and the U.S.Global wheat prices recently hit a 10-month high due to […]

Russian Agriculture Minister Oksana Lut stated that the harsh frosts did not have a significant impact on Russia’s grain harvest volumes, as the country was able to reseed most of the affected farmland.Lut said the ministry maintains a forecast of 132 million metric tons for the grain harvest in 2024, with 86 million metric tons […]