Agriculture

Turkey’s state grain board TMO has issued an international tender to sell and export 100,000 metric tons of durum wheat, according to European traders. The deadline for submitting price offers in the tender is April 30. The durum wheat will be loaded between May 20 and June 12 in the Turkish ports of Mersin and […]

According to Brazil’s government agency Conab, the country’s new sugarcane crop for the 2024/25 season (April-March) is projected to be only slightly smaller than the record previous one, despite an expected decline in agricultural yields. Conab forecasts the total sugarcane crop to reach 685.86 million metric tons, which is 3.8% less than the 2023/24 season. […]

According to a survey by S&P Global Commodity Insights, mills in Brazil’s center-south region are projected to have produced approximately 689,300 metric tons of sugar in the first half of April, marking a 27% increase compared to the same period last year. S&P sugar analyst Bianca Guimaraes anticipates robust figures for the first half of […]

According to Tropical Research Services’ Steve Wateridge at the World Cocoa Conference in Brussels, farmers who cultivate approximately 40% of the world’s cocoa are currently benefiting from record prices for their crops. As a result, they could potentially increase output significantly as early as next season. Wateridge emphasized that farmers outside the top cocoa producers […]

Chicago wheat experienced a decline on Wednesday, retracting from two-month highs reached on Monday, as substantial exports of Russian wheat impacted market sentiment. The most-active wheat on the Chicago Board of Trade fell by 0.4% to $5.99-3/4 a bushel at 0908 GMT, remaining below the $6 level after reaching a two-month high of $6.03-1/2 on […]

Agricultural commodities trader Bunge Global BG.N disclosed a smaller-than-expected decline in first-quarter profit on Wednesday, with favorable oilseed processing results in Europe and Asia offsetting the impact of weaker grain trading margins. Despite the challenging market conditions, the world’s largest oilseed processor reaffirmed its 2024 outlook for annual adjusted earnings of $9 per share, down […]

According to analyst APK-Inform citing agriculture ministry data, Ukraine’s grain exports in the 2023/24 July-June marketing season had reached nearly 40 million metric tons as of April 24, compared to 40.7 million tons in the previous year. The overall volume included 4.9 million tons of various grains exported in April alone. The exports for this […]

India is encountering challenges in replenishing its wheat stocks, with purchases down approximately 25% compared to last year’s levels, primarily due to untimely rains and higher open market prices, which have incentivized farmers to sell to private traders. The country’s wheat inventories have declined to their lowest levels in 16 years following two consecutive years […]

Argus Media has revised its projection for this year’s wheat production in Ukraine, a major exporter of the grain, down to 19.93 million metric tons. This figure represents a decrease of approximately 230,000 tons from the previous forecast and an 11% drop compared to the previous year, primarily attributed to a reduction in the planted […]

Archer-Daniels-Midland (ADM) announced on Monday that Chief Financial Officer Vikram Luthar will step down from his position effective September 30. Luthar’s resignation comes in the wake of accounting issues within ADM’s Nutrition division, which subsequently led to two government investigations and necessitated the revision of six years’ worth of financial data. Following the disclosure of […]