Agriculture

According to the Malaysian Palm Oil Council (MPOC), crude palm oil prices are expected to remain supported by tighter production conditions and strong demand from top buyers India and China. MPOC chief executive Belvinder Kaur Sron told the business daily The Edge Malaysia that Malaysia’s benchmark palm oil prices are seen trading within a range […]

According to Russia’s Union of Grain Exporters, Russia has become the top exporter of peas to China, accounting for almost half of the country’s total imports and overtaking Canada in less than two years after gaining access to the $1 billion market. The union’s data shows that in the 2023/24 agricultural season, Russia exported 1.13 […]

The U.S. Department of Agriculture (USDA) has reported that the percentage of corn and soybean crops in good-to-excellent condition has increased, topping analyst expectations despite heavy storms and flooding in the western Midwest. According to the USDA, 68% of both the corn and soybean crops are currently in good-to-excellent condition, the highest for this time […]

According to France’s farm ministry, the country’s main wheat crop is expected to fall by 15% this year to its lowest level since 2020. The ministry’s first projection puts soft wheat production at 29.65 million metric tons, which would be only the third time in 20 years that output has been below 30 million tons, […]

Sicily, the Mediterranean island, is facing a severe drought that has nearly dried up its only natural lake, Lake Pergusa. This lake has long served as a vital resting station for birds migrating between Africa and Europe. The Italian government has declared a state of emergency over the crisis, which has devastated crops and desiccated […]

India’s tea prices have been soaring and are expected to remain high as heatwaves and floods during the peak harvesting season have slashed output in key producing regions. This is a welcome development for the beleaguered Indian tea industry, which has been struggling with rising production costs amid stagnant tea prices in the past decade. […]

According to agribusiness consultancy AgRural, Brazilian farmers in the country’s key center-south region had harvested 63% of their second corn crop for the 2024 cycle as of last Thursday. This represents a significant increase from the previous week’s figure of 49%, and is well above the 26% seen a year earlier. The rapid progress in […]

The Philippines is looking to boost its cooperation on rice with Vietnam in order to ensure food security for its growing population. This was expressed by Philippine Agriculture Secretary Francisco Tiu Laurel during his recent visit to Vietnam’s Mekong Delta province of An Giang, a key rice-producing region. Vietnam is the world’s third-largest exporter of […]

According to the Brazilian grains traders lobby Anec, corn exports from Brazil are expected to pick up pace in July, reaching an estimated 3.4 million metric tons. This would represent a 2.4 million ton increase compared to June. The rise in corn exports comes as the soy export season is losing momentum. Soybean shipments are […]

According to a Reuters survey, palm oil inventories in Malaysia are projected to increase for the third consecutive month in June. The survey polled 12 traders, planters, and analysts. The key findings are: Palm oil stocks in Malaysia were estimated to reach 1.83 million metric tons, up 4.53% from May-end. Exports of palm oil products […]