Agriculture

Ghana’s cocoa production has reached 429,323 metric tons, or less than 55% of the average seasonal output, as the harvesting nears completion at the end of June, according to data from the country’s marketing board, Cocobod. Disastrous harvests in Ghana and Ivory Coast, the world’s biggest producer, have driven up global cocoa prices since the […]

Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC), has made a significant wheat purchase, buying 770,000 metric tons of mostly Russian wheat in an international tender. This marks GASC’s biggest single purchase since 2022, following a dip in Russian wheat prices. The purchase comprised 50,000 metric tons of Bulgarian wheat and 720,000 […]

Farmers in the Rostov region, Russia’s breadbasket, are struggling to salvage their harvest as the region battles a heatwave, frosts, and floods. Rostov accounts for 11% of Russia’s total grain harvest, and the agriculture ministry has said it is monitoring the region closely to make further adjustments to an already soft 2024 crop forecast. The […]

The Biden administration’s drive to increase U.S. wheat plantings after the Ukraine war is faltering as wheat prices hover around four-year lows and exportable supplies continue to flow from the Black Sea region, curbing demand for American grain. Wheat acreage expanded last year as prices soared to a near record high after Russia’s 2022 invasion […]

Federal and state investigators in Colorado are investigating an outbreak of the highly pathogenic H5N1 avian influenza virus at a commercial poultry farm, which has resulted in four confirmed human cases and one suspected case among poultry workers. The U.S. Centers for Disease Control and Prevention (CDC) has deployed a nine-member field team to support […]

Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) is seeking to buy a total of 115,208 metric tons of food-quality wheat from the United States and Canada through a regular tender that will close on Thursday. Japan, the world’s sixth-biggest importer of wheat, maintains a tight grip on imports of its second-most important staple after […]

Indian farmers have accelerated the planting of summer-sown crops, such as paddy, soybean, cotton, and corn, following above-average monsoon rainfall in July. This comes after a deficit in June that had delayed the start of the sowing season. According to government data, by July 12th, farmers had planted summer crops on 57.5 million hectares (142 […]

Asian wheat importers have stepped up their purchases in recent weeks, taking cargoes from the Black Sea region as they returned to the market after a long gap. This is driven by a fall in global wheat prices to their lowest level in four months. According to two Singapore-based traders, regional millers producing flour and […]

Shares of the diversified German trading group BayWa plummeted as much as 35% on Monday after the company commissioned an external inquiry into whether it can restructure its finances. The Munich-based trader of farming supplies and produce, which has been grappling with rising borrowing costs, late on Friday referred to its “tense financing situation” and […]

Chicago wheat futures fell 2% on Monday, driven by good prospects for both harvest size and progress in the United States and the Black Sea region, including Russia, according to European traders. The Chicago Board of Trade’s most active wheat contract (Wv1) was down 2.0% at $5.39-3/4 a bushel as of 0839 GMT. Traders cited […]