Agriculture

India has reached out to both global and domestic trade entities, urging them to abstain from acquiring new-season wheat from local farmers. This call aims to support the Food Corporation of India (FCI) in procuring substantial quantities to fortify its diminishing reserves, as per insider sources. As the world’s second-largest wheat consumer and grower following […]

Honduras experienced a 12% increase in coffee exports in March compared to the same period the previous year, as reported by a leading export authority on Monday. Shipments from the largest coffee exporter in Central America surged to 709,782.16 60-kilo bags in March, up from 633,984.23 bags during the corresponding month of the 2022/23 season, […]

In March, Ukraine’s grain exports dipped to approximately 5.2 million metric tons, down from 5.8 million tons in February, according to data from the agriculture ministry released on Monday. While the ministry did not provide a specific reason for the decrease, the UCAB Ukrainian farm business association attributed the decline to various factors. These included […]

The latest survey conducted by Indonesian land mapping authorities has revealed that the total area covered by palm oil plantations in the country has expanded to 17.3 million hectares (equivalent to 42.7 million acres), surpassing previous estimates, as confirmed by the government. In an effort to enhance data accuracy within the palm oil sector, the […]

Strategie Grains has once again revised down its projection for this year’s rapeseed production in the European Union, lowering the forecast to 18.1 million metric tons, marking a decrease from the previous estimate of 18.3 million tons. The downward adjustment is primarily attributed to an anticipated reduction in harvest volumes in France. The latest forecast […]

The U.S. Department of Agriculture (USDA) has released its initial weekly crop progress report for the 2024 growing season, evaluating 56% of the U.S. winter wheat crop as being in good-to-excellent condition. While this figure falls below the average trade expectations, it represents the highest rating for this time of year since 2019. Despite the […]

Chicago Board of Trade (CBOT) corn and wheat futures experienced a decline on Monday, influenced by reports of elevated stocks despite expectations of reduced plantings in 2024. The CBOT corn fell by 0.62% to $4.39-1/4 a bushel, with a Singapore-based trader noting that although corn acreage is expected to decrease, the market balance remains under […]

Ivory Coast’s President Alassane Ouattara is set to implement a significant increase in the official cocoa farmgate price, raising it to 1,500 CFA francs ($2.47) per kilogram from Tuesday, up from the current rate of 1,000 CFA, as reported by sources from five different export companies. The decision was purportedly made during a government meeting […]

Speculators continued to uphold a significant short position in Chicago corn futures, contrasting with recent data revealing fewer corn acres planted by U.S. farmers than anticipated. In the week ending March 26, money managers marginally increased their net short positions in CBOT corn futures and options to 251,730 contracts from 242,988 in the previous week, […]

Saudi Arabia’s state wheat buying agency, the General Food Security Authority (GFSA), has announced a tender to procure 595,000 metric tons of wheat scheduled for arrival in June and July. The tender calls for submissions of price offers by Friday, with results expected on Monday according to European traders. The GFSA seeks 10 consignments of […]