Agriculture, Energy and Metal Information
India is poised to begin importing wheat after a six-year hiatus, as the government looks to replenish depleted reserves and hold down prices that have surged following three years of disappointing domestic harvests. According to sources, New Delhi is expected to abandon the current 40% tax on wheat imports this year, paving the way for […]
According to the state-backed Global Times newspaper, Chinese companies plan to request that authorities open an anti-dumping investigation into imports of some pork products from the European Union. The report, citing an unidentified “business insider,” provided no further details. China imported a total of 1.55 million metric tons of pork in 2023, with the EU […]
South Korea’s Korea Feed Association (KFA) has issued an international tender to purchase up to 138,000 metric tons of animal feed corn to be sourced from South America or South Africa only, according to European traders. The deadline for submitting price offers in the tender from the KFA’s Busan section is Tuesday, May 28. Traders […]
The Rosario grains exchange in Argentina has reported that cold temperatures across much of the country’s farming heartland over the weekend will help slow a severe leafhopper insect outbreak that has damaged the current corn crop. Argentina is the world’s third-largest corn exporter, but the present crop has suffered from an explosion in the leafhopper […]
Chicago wheat futures rose nearly 3% on Tuesday, reaching their highest level since last July, due to concerns over adverse weather impacting the harvest in top exporter Russia and tightening global supply. The most-active wheat contract on the Chicago Board of Trade (CBOT) climbed 2.9% to $7.17-1/4 per bushel, after earlier touching $7.20. Prices have […]
The United States and European nations are taking steps to acquire or manufacture H5N1 bird flu vaccines that could be used to protect poultry and dairy workers, veterinarians, and lab technicians who are at risk of exposure to the virus. This move by government officials is aimed at curbing the threat of a potential pandemic. […]
The Ukrainian Grain Traders Union (UGA) has revised down its forecast for Ukraine’s combined grain and oilseed harvest in 2024 to 74.6 million metric tons, from the previous outlook of 76.1 million tons. According to the UGA’s statement, the revised 2024 harvest estimate could include 25.5 million tons of corn, 19.1 million tons of wheat, […]
According to two sources with knowledge of the arrangement, Ghana’s cocoa regulator, COCOBOD, will borrow up to $1.5 billion by September to finance cocoa purchases for the 2024/25 season. This is a significant increase from the $800 million syndicated loan that COCOBOD secured for the current 2023/24 season. The world’s second-largest cocoa producer after Ivory […]
According to Egypt’s Planning Minister, the country is targeting a wheat planting area of 3.5 million feddans (1.47 million hectares) for the 2024/2025 fiscal year, up from 3.2 million feddans in the current 2023/2024 fiscal year. This represents a 9% increase in the planned wheat cultivation area. The increased wheat planting is part of Egypt’s […]
The Queensland state government in Australia has blocked a carbon capture and storage (CCS) project proposed by global commodities giant Glencore, citing the risk of irreversible harm to the groundwater resources used by farmers. Glencore’s pilot project aimed to pump 330,000 metric tons of liquefied carbon dioxide from a coal-fired power plant in southern Queensland […]