Agriculture

Indonesia, the world’s largest producer of palm oil, is preparing to increase the share of palm oil blended into biodiesel from 35% to 40% (B40) in 2025, according to the energy ministry. This change could elevate biodiesel consumption to approximately 16 million kilolitres (KL) next year, up from an estimated 13 million KL in 2024. […]

Brazil’s soybean meal exports are anticipated to reach a record 2.40 million metric tons in July, according to data from the grains exporter association Anec. This figure, if confirmed by the end of the month, would surpass the previous monthly high of 2.27 million tons set in May 2023. Anec has revised its forecast for […]

The first day of the annual U.S. crop tour revealed that spring wheat yields in southern and east-central North Dakota are expected to reach record levels, with an estimated average yield of 52.5 bushels per acre. This surpasses last year’s day-one estimate of 48.1 bushels and significantly exceeds the five-year average of approximately 42.2 bushels, […]

India is poised to import a record 1.92 million metric tons of edible oils for July delivery, driven by significant purchases of palm oil and soyoil as refiners capitalize on favorable prices amid expectations of an impending hike in import duties. This marks an increase of nearly 26% from the previous month. As the world’s […]

The upcoming October-to-March main cocoa crop in Ivory Coast is progressing positively in most major growing regions, aided by favorable weather conditions last week, according to farmers on Monday. Although the country is currently in its rainy season, which typically lasts from April to mid-November, recent weeks have seen below-average rainfall. Farmers noted that while […]

Italy’s Eni is in exclusive negotiations with investment firm KKR regarding the sale of a minority stake in its biofuel unit, Enilive. This deal could value Enilive at approximately €11.5 to €12.5 billion ($12.5 to $13.6 billion), including debt. KKR is considering acquiring between 20% and 25% of Enilive, which aligns with Eni’s strategy to […]

In its weekly crop progress report released on Monday, the U.S. Department of Agriculture (USDA) rated 67% of the nation’s corn crop in good-to-excellent condition, reflecting a decline of one percentage point from the previous week. Analysts had anticipated no change, with a Reuters poll of 13 analysts projecting an average rating of 68%. Conversely, […]

The European Union’s crop monitoring service, MARS, has revised its forecasts for average grain yields in 2024, with the most significant reductions seen in maize and sunflower yields due to hot and dry weather in southeastern Europe. The report highlights contrasting weather conditions affecting grain and oilseed crops across the EU, with excessive rainfall in […]

Brazilian chemical company Unigel is seeking compensation from state-run Petrobras for losses incurred at two leased fertilizer plants, as revealed in a legal letter obtained by Reuters. These plants are crucial to President Luiz Inacio Lula da Silva’s strategy to reduce Brazil’s reliance on imported fertilizers, but they have been non-operational since the latter half […]

Brazil’s Agriculture Ministry announced on Sunday that it has ruled out three potential new cases of Newcastle disease in poultry after conducting additional tests on samples from birds in the vicinity of the first confirmed case last week. Newcastle disease is a viral infection affecting both domestic and wild birds, leading to respiratory issues and […]