Agriculture

The Biden administration is closely monitoring labor negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) as a potential strike looms at East and Gulf Coast ports, which handle about half of the nation’s ocean imports. With the current contract set to expire on September 30, talks have reportedly stalled […]

Argentina’s grain and oilseed production could reach up to 143 million metric tons in the 2024/25 season, potentially boosting exports to their highest levels in four years, according to the Rosario grains exchange. If normal weather conditions prevail, exports of key crops such as soy, corn, and wheat could rise to 101.5 million tons, the […]

Russian wheat export prices have seen a slight uptick, with the price of 12.5% protein new crop wheat scheduled for free-on-board (FOB) delivery in October rising to $217 per metric ton, an increase of $1 from the previous week. Analysts, including Dmitry Rylko from IKAR consultancy, expect prices to strengthen more significantly in November due […]

As of last Thursday, Brazil’s soybean planting for the 2024/25 season has reached only 0.9% of the total expected area, according to agribusiness consultancy AgRural. This marks an increase from 0.06% the previous week but is still significantly lower than last year’s 1.9%. The state of Parana is leading the planting efforts, benefiting from recent […]

Coceral, the grain trade association, has significantly revised its estimates for the 2024 grain crop in the European Union and Britain, lowering the forecast from 296 million tons in June to 280.3 million tons. This represents a nearly 5% decrease compared to 2023, largely attributed to adverse weather conditions affecting crop yields across the region. […]

China is currently experiencing a significant surplus of milk due to declining birth rates and a sluggish economy, which have led to reduced demand for dairy products. Despite efforts by the government to boost the dairy sector, including promoting consumption and encouraging farm expansions, the results have been counterproductive. Milk consumption per capita in China […]

Russia’s Krasnoyarsk region has declared a state of emergency due to heavy rains that have adversely affected winter crops during their critical sprouting phase. This declaration brings the total number of Siberian grain-producing regions under emergency conditions to four, including Tomsk, Novosibirsk, and Kemerovo, which had previously announced similar measures. Collectively, these four regions contribute […]

Grain shipments from Argentina are facing significant challenges as major inland river ports near Rosario report near-record low water levels in the Parana River. This drop is attributed to a severe drought upstream in Brazil, leading to increased shipping costs and extended transport times for soy and corn exports. The Parana River, which is crucial […]

Rio Tinto has announced the launch of seed farms in Australia to investigate the viability of Pongamia seed oil as a feedstock for renewable diesel. The mining giant has partnered with Midway, a local woodfiber processor, to manage the planting and maintenance of these farms. Pongamia, a tree native to Australia, produces seeds that can […]

India is contemplating the relaxation of restrictions on non-basmati rice exports, according to Food Secretary Sanjeev Chopra. This consideration comes as the country’s rice inventories have significantly increased. In 2023, India imposed various export curbs to stabilize local prices, a strategy that has continued into 2024, particularly ahead of the general elections scheduled for April […]