Agriculture

The Indian government has announced that its wheat purchases from farmers in the current 2024 season have surpassed the previous year’s procurement level of 26.2 million metric tons. According to a government statement, state-run agencies have so far bought 26.25 million tons of new-season wheat from domestic farmers. This increased procurement is aimed at replenishing […]

Heavy rains and flooding have continued to disrupt field work and impact crop operations in Brazil’s southernmost state of Rio Grande do Sul, according to the state’s crop agency, Emater. As of this week, soybean farmers have harvested 91% of their area, up from 85% the previous week. However, this still lags the historical average […]

The condition of French soft wheat declined slightly last week, remaining at a four-year low, while maize planting slowed, according to data from the French farm office FranceAgriMer. This comes as rain returned to crop belts, reversing the warm, sunny spell that had helped crops and soil dry out after a damp growing season. As […]

Malaysian palm oil futures rose on Thursday, driven by a weakening Malaysian ringgit and expectations of improved demand as the tropical oil started trading at a discount to rival soft oils. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed up 24 ringgit, or 0.62%, at 3,892 ringgit ($827.73) […]

Chicago Board of Trade (CBOT) wheat futures have surged to their biggest premium over corn since 2022, stoking demand for cheaper alternatives that could help reduce large global corn supplies. The benchmark CBOT wheat contract Wv1 soared to a premium of $2.39-1/2 per bushel over corn Cv1 on Tuesday, the largest difference since October 10, […]

Chicago wheat futures climbed on Thursday, trading close to a 10-month high hit in the previous session, as expectations of lower wheat production in top exporter Russia continued to buoy the market. The most-active wheat contract on the Chicago Board of Trade (CBOT) was up 0.2% at $6.94-1/2 a bushel, as of 0229 GMT, having […]

China, the world’s biggest agriculture importer, has set targets to drastically reduce its reliance on overseas buying over the next decade as part of its push for food security. However, experts say these goals will be exceedingly difficult to meet due to the country’s limited land and water resources. The Chinese government envisions achieving 92% […]

Indonesian state purchasing agency Bulog is believed to have purchased around 210,000 metric tons of rice in an international tender for up to 300,000 tons, which closed this week, according to European traders. The rice is expected to be mainly sourced from Vietnam, Cambodia, Pakistan, and Myanmar. The precise volume purchased is still unclear, but […]

Australia has reported its first human case of avian influenza, with a child in the southeastern state of Victoria becoming infected with the H5N1 strain while in India. Authorities say the child has made a full recovery, and there is a very low chance of further transmission, as the flu does not easily spread between […]

Chicago wheat futures rose on Wednesday to their highest levels since last July, as adverse weather led to further downgrades of harvest estimates in Russia, the world’s biggest wheat exporter. This, coupled with concerns over potential crop damage in Ukraine and a decline in crop condition ratings in the United States, has fueled a rally […]