Agriculture

Brazil’s Soybean Planting Progress for 2024/25 Season

As of last Thursday, Brazil’s soybean planting for the 2024/25 season has reached only 0.9% of the total expected area, according to agribusiness consultancy AgRural. This marks an increase from 0.06% the previous week but is still significantly lower than last year’s 1.9%. The state of Parana is leading the planting efforts, benefiting from recent […]

Coceral Lowers EU Grain Crop Estimates for 2024

Coceral, the grain trade association, has significantly revised its estimates for the 2024 grain crop in the European Union and Britain, lowering the forecast from 296 million tons in June to 280.3 million tons. This represents a nearly 5% decrease compared to 2023, largely attributed to adverse weather conditions affecting crop yields across the region. […]

Four Russian Grain Regions in State of Emergency Due to Heavy Rains

Russia’s Krasnoyarsk region has declared a state of emergency due to heavy rains that have adversely affected winter crops during their critical sprouting phase. This declaration brings the total number of Siberian grain-producing regions under emergency conditions to four, including Tomsk, Novosibirsk, and Kemerovo, which had previously announced similar measures. Collectively, these four regions contribute […]

India Considers Easing Curbs on Non-Basmati Rice Exports

India is contemplating the relaxation of restrictions on non-basmati rice exports, according to Food Secretary Sanjeev Chopra. This consideration comes as the country’s rice inventories have significantly increased. In 2023, India imposed various export curbs to stabilize local prices, a strategy that has continued into 2024, particularly ahead of the general elections scheduled for April […]

EU Increases Farmer Payments Following Protests

The European Commission announced on Friday that EU member states can enhance the financial support they provide to farmers. This decision comes in response to farmers’ protests earlier this year, which highlighted issues such as low incomes, cheap food imports, and burdensome regulations. Starting in October, member states will be allowed to pay higher advances […]

Wheat Prices Rise Amid Black Sea Tensions

Chicago wheat futures increased on Friday, nearing a two-month high, driven by concerns over escalating tensions in the Black Sea region due to Russia’s ongoing conflict with Ukraine. The most active wheat contract on the Chicago Board of Trade (CBOT) rose by 1.9% to $5.89-1/2 per bushel. This uptick follows Ukraine’s accusation that Russia used […]

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