Agriculture, Energy and Metal Information
Malaysia’s palm oil inventories are expected to inch higher for a second consecutive month in May, according to a Reuters survey. The increase is underpinned by higher output despite a recovery in exports. The survey of 10 traders, planters, and analysts shows that palm oil stocks in the world’s second-biggest producer were seen at 1.75 […]
Leading South Korean animal feed maker Nonghyup Feed Inc. (NOFI) has purchased an estimated 133,000 metric tons of animal feed corn in an international tender, according to European traders. The corn is expected to be sourced from South America or South Africa and was bought in two consignments. Both consignments were purchased at an estimated […]
According to five dealers, India’s palm oil imports rose by 12.4% in May compared to the previous month, reaching the highest level in four months. This increase was driven by a recent correction in prices, which led to higher purchases. India is the world’s biggest importer of vegetable oils, and higher palm oil purchases could […]
The Victorian state government has reported the detection of highly pathogenic avian influenza (HPAI) at a third poultry farm near Melbourne, Australia. However, this latest outbreak is not caused by the same strain that has spread globally and raised concerns about potential human transmission. According to the authorities, the third farm is located within a […]
Faced with slumping prices for both corn and soybeans, American farmers in the Midwest are opting to increase their soybean plantings this spring in an effort to minimize losses on their crops. Mark Tuttle, a farmer in northern Illinois, is among those who have planted more soybeans and less corn on his farm. With prices […]
China, a major global buyer of agricultural commodities, has taken its first steps towards more sustainable sourcing of farm products, led by its state-run food group COFCO International. COFCO International recently landed its first cargo of deforestation-free soybeans at the port of Tianjin, marking a milestone in China’s shift towards greener agricultural imports. The 50,000 […]
An Egyptian company has sent the Russian government a feasibility study for the construction of a grain hub in Egypt that could store and process Russian grains. The proposal was made by Egyptian Trade Minister Ahmed Samir, who told Russian news agency RIA that the hub could be built in Port Said, Damietta or Sokhna. […]
According to analysts at Rabobank, Australia’s 2024/25 wheat harvest is expected to be slightly bigger than last year’s, thanks to an increase in the planted area. However, the country’s barley and canola outputs are likely to fall compared to the previous season. Rabobank’s projections indicate that Australia will harvest 27.4 million metric tons of wheat […]
Consultancy Strategie Grains has cut its forecast for this year’s rapeseed output in the European Union by 180,000 metric tons to 17.94 million tons, which is now 10% below last year’s harvest. The downward revision is due to wet weather in France, the EU’s largest rapeseed grower, and late frosts in central European countries. Heavy […]
Rain in parched areas of Western and South Australia, and more expected in the coming days, could add as much as a million tons to the country’s wheat harvest, according to analysts. The larger wheat production would help boost global supply after crop losses in Russia pushed Chicago futures prices to 10-month highs. Australia is […]