Agriculture, Energy and Metal Information
The European Commission has announced a proposal to delay the implementation of its landmark anti-deforestation law, which aims to ban the import of commodities linked to deforestation, by an additional year. This decision comes in response to requests from various industries and governments worldwide. The law, known as the EU Deforestation Regulation (EUDR), has been […]
Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC), has finalized one of its largest direct wheat supply agreements, ensuring monthly shipments from November to April. According to sources, the deal involves supplying around 510,000 metric tons of wheat each month, totaling up to 3.12 million tons, primarily sourced from Black Sea origins. […]
On Tuesday, U.S. East Coast and Gulf Coast dockworkers initiated their first significant strike in nearly 50 years, disrupting approximately half of the nation’s ocean shipping. The strike, prompted by stalled negotiations over a new labor contract, affects the transportation of essential goods, including food and automobiles, across numerous ports from Maine to Texas. Analysts […]
In the 2024/25 season, Morocco is set to import more soft wheat from Russia than from France, according to Omar Yacoubi, head of the Moroccan grain traders’ association (FNCL). Morocco requires approximately 5 million metric tons of soft wheat due to a poor domestic harvest caused by drought. Yacoubi noted that France’s declining wheat harvest […]
In July, U.S. renewable diesel production capacity experienced its largest monthly decline on record, according to data from the Energy Information Administration (EIA). The capacity to produce biomass-based renewable diesel fell by approximately 299 million gallons per year, dropping to around 4.60 billion gallons annually. This marks only the second decline since the EIA began […]
U.S. farmers are experiencing the highest stocks of corn and soybeans in four years as they begin harvesting what are anticipated to be record crops for both commodities. According to the U.S. Department of Agriculture (USDA), corn and soybean stocks as of September 1 were up 29% from the previous year. Corn stocks reached 1.76 […]
Russia, the world’s leading wheat exporter, is significantly expanding its Baltic Sea ports as part of a strategy to increase agricultural exports by 50% by 2030. This move aims to reduce reliance on traditional Black Sea routes, which have become risky due to ongoing conflicts with Ukraine. In the 2023/24 season, Russia exported at least […]
World coffee and sugar prices soared to new highs on Thursday as drought conditions in Brazil, the leading producer of both commodities, continue to create uncertainty in the market. Brazil is experiencing one of its worst droughts on record, leading to farmland fires in sugar-producing regions and severely affecting arabica coffee during its critical flowering […]
The prolonged expectation of Brazil entering one of the longest between-crops periods due to severe drought and farmland fires has prompted a significant shift in the sugar market. Speculators, who had been betting against sugar prices, have begun to cover their short positions, resulting in a nearly 20% surge in raw sugar futures—the largest weekly […]
A severe drought in Brazil has disrupted grain transportation through the Madeira River, a vital waterway connecting key agricultural regions to export ports. The regional port terminals association, Amport, reported that river depths at critical points have fallen to around two meters (6.6 feet), rendering navigation commercially unfeasible. The Madeira River is crucial for shipping […]