Agriculture, Energy and Metal Information
China is expecting to see another bumper summer grain harvest this year, a spokesperson from the National Bureau of Statistics (NBS) announced on Monday. The positive outlook comes despite recent heatwaves that have hit some regions in northern China, causing some impact on agricultural production. “China expects to see another bumper summer grain harvest this […]
The proposed $34 billion merger between U.S. grains merchant Bunge and Glencore-backed Viterra is set to be decided by European Union antitrust regulators by July 18, according to a European Commission filing. Bunge and Viterra, a major agricultural trading firm, announced the merger a year ago in an effort to rival global giants like Archer-Daniels-Midland […]
U.S. farmers in the world’s largest corn-producing nation are stubbornly holding onto their corn supplies despite low prices, creating an economic standoff with grain buyers. South Dakota farmer Eric Kroupa received numerous calls from grain dealers and ethanol plants asking to buy the corn stored in his bins when prices neared 4-1/2-month peaks last month. […]
In a retaliatory move against the European Union’s recent decision to impose anti-subsidy duties on Chinese electric vehicle imports, China has opened an anti-dumping investigation into imported pork and its by-products from the EU. The investigation, announced by China’s commerce ministry on Monday, will focus on pork intended for human consumption, such as fresh, cold […]
Argentina’s wheat planting has shown a sharp increase in the last week, thanks to dry weather in much of the South American country, according to the Buenos Aires Grains Exchange (BdeC). Argentina is a key wheat exporter, and the grains exchange reported that the country’s 2024/25 wheat sowing has advanced 20.6 percentage points during the […]
Ivory Coast’s cocoa regulator, the Coffee and Cocoa Council (CCC), is planning to implement a major reform of the domestic cocoa marketing system within the next year. The goal of this reform is to eliminate middlemen in the supply chain, preventing risks and overpayment. The reform will target the independent intermediary buyers who act as […]
In a move that escalates tensions between China and the European Union, Chinese firms have formally applied for an anti-dumping probe into pork imports from the EU. This latest development opens a new front in the ongoing bilateral trade disputes between the world’s two major economic powers. The state-backed Global Times reported that the move […]
The latest data from France’s farm office, FranceAgriMer, shows that crop condition ratings for French soft wheat remained steady last week, while farmers neared the end of maize planting. The report indicates that 62% of the soft wheat crop was estimated to be in good or excellent condition as of June 10, unchanged from the […]
Agricultural commodity merchant Louis Dreyfus Company (LDC) is expanding its palm oil refining business in Indonesia, which will include the construction of a new glycerine plant and higher production of biodiesel, according to a senior company official. Rubens Marques, LDC’s chief executive for South and Southeast Asia, told Reuters that the company is “investing significantly […]
The Chinese agriculture ministry has warned that searing temperatures and drought in parts of the country are adversely impacting summer crop planting. According to the ministry, temperatures in some wheat-growing provinces like Hebei, Henan, and Shandong are forecast to reach record highs of up to 44 degrees Celsius (111.2 degrees Fahrenheit) this week, accelerating soil […]