Agriculture

Olam Agri, the agribusiness arm of Singapore’s Olam Group, has increased its offer to acquire Australia’s Namoi Cotton NAM.AX, as an international bidding war escalates between the Singapore-based firm and Dutch company Louis Dreyfus Co (LDC). Olam Agri will now offer Namoi shareholders A$0.70 per share, a three-cent increase from Louis Dreyfus’ previous bid, valuing […]

The Malaysian government has unveiled plans to introduce “orangutan diplomacy” in its relations with major palm oil-importing countries, offering the endangered animals as trading gifts in an effort to allay concerns about the environmental impact of palm oil production. Plantations and Commodities Minister Johari Abdul Ghani said Malaysia would offer gifts of orangutans to trading […]

The Zimbabwean government has released a crop assessment report that forecasts a staggering 72% drop in staple maize production for the 2023/24 season, worsening the country’s already dire food situation due to an El Nino-induced drought. Zimbabwe is one of the three southern African countries to have declared the ravaging drought a national disaster, following […]

In a significant move, China has approved the safety of a gene-edited wheat variety for the first time, marking a cautious step towards the commercial growing of genetically-modified crops to bolster the country’s food security. China has previously ramped up approvals of genetically-modified corn and soybean seeds that are higher-yielding and resistant to insects and […]

According to traders, the lowest free-on-board (FOB) offer presented at an Egyptian state purchasing tender for wheat on Wednesday was $255 per metric ton for Russian wheat. Several suppliers submitted offers at this price. The tender was issued by Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC), which is seeking wheat in […]

Chicago wheat futures fell on Wednesday, as forecasts called for welcome rain in the grain belts of Russia and the United States. Corn and soybeans also saw selling pressure, following the downward trend in wheat. The most-active wheat contract on the Chicago Board of Trade (CBOT) fell 0.8% to $6.37-1/2 a bushel. Corn declined 0.2% […]

China and France have signed deals that will allow China to import pig origin protein feed and pork offal from France, effective immediately. This move is expected to boost French pork exports to China by around 10%. The announcements come after a meeting between Chinese President Xi Jinping and French President Emmanuel Macron in Paris, […]

India’s decision to allow duty-free imports of chickpeas is unlikely to help bring down local prices, as even record imports would be unable to compensate for the significant drop in domestic production, industry officials told Reuters. Chickpea prices in India hit a record high of 65,103 rupees ($779.75) per ton last week, rising nearly 33% […]

Dutch global commodity merchant Louis Dreyfus Company (LDC) has raised its offer to acquire the remaining stake in Australia’s Namoi Cotton NAM.AX, topping a rival bid from Singapore-based Olam Agri. LDC, which already owns around 17% of Namoi, has proposed to buy the rest of the Australian cotton producer for A$0.67 per share, valuing the […]

Russia’s Agriculture Ministry has reduced the grain export quota of one of the country’s largest grain traders, Rodnie Polya (formerly known as TD RIF), for the current marketing year by almost 1.2 million tons. The quota has been cut to 2.78 million tons amid a row with authorities over phytosanitary issues, which have led to […]