Agriculture

Iraq has restarted rice cultivation after a two-year ban due to water scarcity, now testing a new strain of rice that requires less water than traditional varieties. Deputy Minister of Agriculture Mahdi Sahar al-Jubouri announced that the country has allocated 150 square kilometers (58 square miles) for rice farming this season, anticipating a yield of […]

Indonesian state purchasing agency Bulog has announced an international tender to acquire approximately 320,000 metric tons of rice, according to European traders on Monday. The deadline for submitting price offers is set for July 31, after which Bulog will initiate price negotiations that may take several days. If domestic harvests fall short, Indonesia could import […]

Brazil, the world’s largest coffee producer, is expected to see its coffee output reduced by 4 million bags due to poor crop development linked to dry weather, according to consultancy Safras & Mercado. The new forecast estimates production for the 2024/25 season (July-June) at 66.04 million 60-kg bags, down from the previous estimate of 70.37 […]

The condition of French soft wheat crops has sharply declined, reaching an eight-year low, with harvesting lagging significantly behind the usual pace, according to data from FranceAgriMer. As of July 15, only 52% of soft wheat was rated in good or excellent condition, down from 57% the previous week and 80% a year ago. This […]

Last week, polar winds hindered short-cycle wheat planting in Argentina’s agricultural heartland. However, producers are optimistic that expected rains this weekend will allow sowing to resume, according to the Buenos Aires Grains Exchange. As of now, wheat planting for the 2024/25 crop has reached 96% of the projected 6.3 million hectares, marking an increase of […]

China is experiencing a surplus of soybeans, driven by record-high purchases that have significantly boosted stockpiles. This oversupply comes at a time when demand for animal feed remains low, leading to expectations that prices for products like soyoil and soymeal will continue to decline. As the peak marketing season for U.S. soybeans approaches (September to […]

According to the International Cocoa Organisation (ICCO), a major cocoa producing region in Ghana, the world’s second-largest cocoa grower, is 81% infected with swollen shoot disease. Ghana’s Western North region, the country’s third-largest cocoa region by output, has been severely impacted by the outbreak. The ICCO cited data from Ghana’s Cocoa Health and Extension Division […]

China’s exports of the key fertilizer ingredient urea have slowed to a trickle during the first half of 2024, with shipments plunging 86.2% from a year ago. This sharp decline is a result of Beijing’s intervention aimed at cooling domestic prices, which is threatening to squeeze global supply. China is the world’s largest producer of […]

According to Egypt’s supply minister Sherif Farouk, the country’s strategic reserves of wheat are sufficient for 6.9 months. This statement was made to the state news agency on Thursday. The minister also provided information on Egypt’s strategic reserves of other essential commodities: Sugar reserves are sufficient for 19.3 monthsVegetable oil reserves are sufficient for 5.6 […]

Chicago soybean futures hit their lowest level in nearly four years on Thursday, pressured by favorable crop weather in the U.S. Midwest. Meanwhile, wheat prices rose slightly, buoyed by strong global demand. The most-active soybean contract on the Chicago Board of Trade (CBOT) fell 0.6% to $10.34-3/4 a bushel, after reaching $10.31-3/4, its lowest level […]