Agriculture

India, the world’s top rice exporter, has seen its rice export prices fall to the lowest level in more than three months this week, driven by subdued demand and ample supplies. The price of India’s 5% broken parboiled variety declined to $528-$536 per ton, down from $538-$546 the previous week. Prices had hit a record […]

Yara International, one of the world’s largest fertilizer producers, saw its shares drop around 6% on Friday after the company reported first-quarter earnings that fell short of analyst forecasts. Yara’s earnings before interest, tax, depreciation, and amortization (EBITDA), excluding one-off items, declined by about 11% year-over-year to $435 million, lagging the $509 million expected by […]

Chicago Board of Trade (CBOT) wheat futures posted their biggest weekly gain since the start of the Russia-Ukraine war, rising for a seventh straight trading day on Friday. The most-active July contract climbed to $6.33-1/4 per bushel, the highest price since January 11. The rally was driven by concerns over the impact of dry weather […]

According to data from the Ukrainian agriculture ministry, the country’s grain exports in the 2023/24 July-June marketing season have reached almost 40.3 million metric tons as of April 26. This is compared to 41.1 million tons exported during the same period a year earlier. The exports this season have included 15.4 million tons of wheat, […]

Federal health officials have confirmed that pasteurization effectively kills the bird flu virus in milk and baby formula, providing reassurance about the safety of pasteurized dairy products even as the outbreak continues to spread. The U.S. Food and Drug Administration (FDA) reported that preliminary PCR testing showed pasteurization successfully eliminated the virus. This comes as […]

According to data released by Brazil’s sugar industry group UNICA, sugar production in the country’s center-south (CS) region rose 30% in the first half of April compared to the same period a year ago, reaching 710,000 metric tons. This amount was higher than the market expected, with a survey by S&P Global Commodity Insights forecasting […]

Argentine corn farmers are facing concerns over a warmer than usual Southern Hemisphere winter, which is expected to undermine their efforts to reduce the population of leafhopper insects that have been damaging the corn crop, according to the Rosario grains exchange (BCR). Argentina is a major global corn exporter, but local corn yields have been […]

According to the Cotton Association of India (CAI), the country’s cotton stocks are expected to fall by nearly 31% in the 2023/24 marketing year, reaching their lowest level in more than three decades. This significant drop is due to lower production and rising domestic consumption. The CAI stated that cotton stocks at the end of […]

According to the South African government’s Crop Estimates Committee (CEC), the country’s farmers are expected to harvest 18.5% less maize in the 2023/2024 season compared to the previous year. The CEC’s latest summer crop forecast estimates the 2024 maize harvest at 13.39 million metric tons, down from the 16.43 million tons harvested in the previous […]

Chicago wheat futures traded slightly higher on Thursday, reaching their highest level since early January, as concerns persist over dry weather in top exporter Russia. The most-active wheat contract on the Chicago Board of Trade (CBOT) was up 0.9% at $6.18-3/4 per bushel by 1138 GMT, after hitting a high of $6.23-1/2 earlier in the […]