Agriculture

Ghana, the world’s second-largest cocoa producer, is looking to delay the delivery of up to 350,000 tons of cocoa beans to the next season due to poor crop yields, according to five sources who spoke to Reuters. This is a further worsening of the outlook for the global chocolate industry. Chocolate makers around the world […]

Russian grain exporters are looking to increase their supplies of pulses and cereals to India and China, as they seek to offset the potential impact of Turkey’s decision to halt wheat imports from June 21 to October 15, according to the Russian agriculture ministry. Following talks between Agriculture Minister Oksana Lut and Russian grain exporters, […]

In the latest international purchasing tender held by Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC), the lowest free-on-board (FOB) offer presented was $243 per metric ton for 60,000 tons of Ukrainian wheat, according to traders. The offer was submitted by LDC, one of the major global agribusiness firms. GASC is seeking […]

Paraguay’s exports of soybeans are picking up pace, with shipments reaching 1.13 million metric tons in May, up around 34% from the previous month, according to data shared with Reuters. This uptick in exports comes as the landlocked South American nation sees improved global demand and stronger prices for the oilseed. Earlier in the year, […]

According to Arkady Zlochevsky, the head of Russia’s grain union, frosts in Russia have affected between 15% and 30% of the country’s winter grains, varying by region. This figure is much higher than the estimates provided by the Russian Ministry of Agriculture, which has put the percentage of damaged areas at around 1%. Zlochevsky explained […]

According to the Malaysian Palm Oil Board (MPOB), Malaysia’s palm oil stocks rose 0.5% from the previous month to 1.75 million metric tons in May, the highest level since February. The increase in end-May palm oil stocks, the world’s second-largest producer after Indonesia, could potentially weigh on benchmark palm oil futures, which were down about […]

According to agribusiness consultancy AgRural, Brazil’s second-corn harvest for the 2024 cycle had reached 10.4% of the planted area in the key center-south region as of last Thursday. This is the fastest pace of progress in more than a decade. The “safrinha” second-corn crop represents about 75% of Brazil’s national corn production each year. It […]

Russian wheat export prices ended a six-week consecutive rise last week, dropping along with global markets following Turkey’s decision to refuse wheat imports until mid-October. The price of 12.5% protein Russian wheat scheduled for free-on-board (FOB) delivery in late June was $242 per metric ton, down $6 from the previous week, according to the IKAR […]

According to analyst firm APK-Inform, Ukraine’s grain harvest in 2024 is forecast to decrease by 12% year-on-year to 52.76 million metric tons. This projection is in line with the Ukrainian agriculture ministry’s estimate of 52.4 million tons. The consultancy’s breakdown of the 2024 harvest includes: Wheat: 19.99 million tonsCorn: 26.77 million tonsBarley: 4.51 million tonsAPK-Inform […]

Turkey has announced that it will halt wheat imports from June 21 until at least October 15 in order to protect domestic farmers from price fluctuations, ensure the domestic procurement of raw materials, and create a favorable market for producers. The decision by the Turkish Ministry of Agriculture was made in accordance with foreign trade […]