Agriculture, Energy and Metal Information
Low water conditions on the Mississippi River have led to several barges running aground, significantly impacting the crucial grain export season as it begins. The U.S. Coast Guard reported that these low water levels are hindering export-bound shipments of grain and oilseeds from the Midwest, making U.S. exports less competitive in a global market already […]
Malaysia’s palm oil inventories are projected to rise to their highest levels in six months by the end of August, primarily due to weak export demand. A Reuters survey indicates that palm oil stocks may reach approximately 1.86 million metric tons, reflecting a 7.31% increase from the end of July. Crude palm oil (CPO) production […]
India’s recent push to increase corn-based ethanol production has transformed the country from Asia’s top corn exporter into a net importer for the first time in decades. This shift is causing significant challenges for local poultry producers and disrupting global supply chains. In January, India raised the procurement price for corn-derived ethanol to encourage a […]
India’s palm oil imports in August experienced a significant decline, dropping by 27% from the previous month to 791,000 metric tons. This decrease is attributed to ample existing stocks and negative refining margins, which prompted refiners to reduce their purchases of palm oil. As the world’s largest importer of vegetable oils, India’s lower demand may […]
China has announced an anti-dumping investigation into canola imports from Canada, following Canada’s recent imposition of tariffs on Chinese electric vehicles. This move has contributed to a rise in domestic rapeseed oil futures, hitting a one-month peak. Canada’s actions mirror those of the United States and the European Union, which recently implemented a 100% tariff […]
Turkey has unveiled a new agricultural production support payment model for the years 2025-2027, as detailed in a presidential decision published in the official gazette. This initiative aims to enhance predictability for farmers and includes key crops such as barley, safflower, sunflower (for oil), wheat, canola, lentils, grain corn, chickpeas, cottonseed, potatoes, onions, soybeans, and […]
According to a forecast by Argus Media, French soft wheat exports outside the European Union are expected to decline by 60% in the 2024/25 season, reaching their lowest level in 23 years. This significant drop is attributed to adverse weather conditions that severely impacted crop yields in France, the EU’s largest wheat producer. Argus estimates […]
Facing a significant rice shortage due to extreme weather conditions that devastated last year’s crop, Japan is investing in the development of heat-resistant rice varieties. Last summer’s high temperatures and drought led to a drastic reduction in rice yields, resulting in the lowest inventories in 25 years. The local government in Saitama is spearheading efforts […]
Egypt is undertaking its largest-ever wheat tender, seeking 3.8 million metric tons, nearly 20 times its usual volume, driven by food security concerns following an intelligence briefing to President Abdel Fattah al-Sisi. As one of the world’s largest wheat importers, Egypt relies on the grain for subsidized bread, crucial for maintaining social stability. In June, […]
GRM Overseas, India’s third-largest rice exporter, announced on Wednesday that it has acquired a 44% stake in Swmabhan Commerce, the parent company of instant coffee brand Rage Coffee. This strategic move marks GRM’s entry into the new-age consumer brand market, with plans to invest approximately 2 billion rupees (nearly $24 million) in various direct-to-consumer brands. […]