Agriculture, Energy and Metal Information
Malaysia’s palm oil stocks reached a 10-month low at the end of March, driven by a significant increase in exports that offset a rebound in production, according to the industry regulator. The reduction in stocks in Malaysia, the world’s second-largest palm oil producer, is expected to provide support to benchmark futures, which recently rose to […]
India has forecasted above-average monsoon rainfall in 2024, which could potentially provide a significant boost to the country’s agricultural sector and broader economy. The monsoon, which delivers nearly 70% of the rain required for crop irrigation and reservoir replenishment, is crucial for India’s agricultural output, particularly for the nearly half of farmland that relies solely […]
South Korea’s Feed Leaders Committee (FLC) and Major Feedmill Group (MFG) have reportedly secured significant quantities of animal feed corn in private deals, bypassing the need for an international tender. FLC purchased around 65,000 metric tons of corn, while MFG acquired an estimated 68,000 tons in separate transactions. The corn, expected to be sourced from […]
India’s merchandise exports experienced a decline for the first time in four years during the 2023/24 fiscal year, as reported by official data. The drop, attributed to factors such as geopolitical tensions and export restrictions on foodstuffs like rice to manage domestic inflation, led to a decrease in goods exports to $437 billion, down from […]
Chicago Mercantile Exchange (CME) cattle futures witnessed a notable downturn to multi-month lows, attributed to technical selling, fund liquidation, and concerns over demand dynamics. The lingering impact of bird flu outbreaks in dairy herds has contributed to market jitters, with the spread of the virus raising uncertainties about its potential effect on both beef and […]
Brazil’s Centre-South region has achieved historic milestones in the 2023/24 crop, setting production records for sugarcane, sugar, and ethanol. The region processed a total of 654 million metric tons of sugarcane, marking a significant 19% increase from the previous crop, with near-perfect weather conditions contributing to this exceptional performance throughout the crop development and harvesting […]
In response to recent cancellations of Ukrainian corn orders, China is reportedly considering the cancellation of corn shipments from Europe, as part of efforts to alleviate supply pressure on the domestic market. The cancellations of Ukrainian-origin animal feed corn shipments, totaling several hundred thousand metric tons for April/May deliveries, have prompted China to explore measures […]
Euronext wheat futures demonstrated an upward trend, influenced by multiple factors such as the euro’s decline, apprehensions regarding potential conflict escalation, and adverse crop weather conditions. The May milling wheat on Euronext rose by 0.9% to reach 202.75 euros per metric ton, supported by the euro’s new five-month low against the dollar, which helped maintain […]
Analysts predict that U.S. soy processors set a new record for soybean crush in March, based on estimates ahead of the forthcoming National Oilseed Processors Association (NOPA) report. It is anticipated that NOPA members, responsible for approximately 95% of all U.S.-processed soybeans, crushed an estimated 197.787 million bushels last month, signifying a notable 6.2% increase […]
India’s palm oil imports experienced a significant decline in March, reaching their lowest level in 10 months, as soaring prices prompted refiners to substitute palm oil with sunoil. This shift resulted in sunoil imports reaching the second-highest level on record, according to a statement from the Solvent Extractors’ Association of India (SEA). The reduction in […]