Agriculture

Turkey’s remarkable ascent as a major exporter of durum wheat has provided relief to pasta enthusiasts worldwide, mitigating price pressures and solidifying the country’s position as a vital source of this essential ingredient in Mediterranean cuisine. Anticipated to become the world’s second-largest durum exporter in the 2023/24 season, Turkey has played a pivotal role in […]

Nutrien Ltd., the world’s leading potash fertilizer producer, is contemplating divestments in South America, restructuring management, and reevaluating its acquisition strategy in Brazil following significant losses in the region. Facing challenges in South America’s competitive fertilizer market, Nutrien is exploring the sale of assets in Argentina, Chile, and Uruguay to streamline its operations and focus […]

Ghana and Ivory Coast, long-standing cocoa powerhouses responsible for over 60% of global cocoa supply, are grappling with dire harvests, leading to expectations of cocoa bean shortages and a surge in chocolate prices. New York cocoa futures have more than doubled this year, setting record highs amid an ongoing trend fueled by a combination of […]

The U.S. Department of Agriculture (USDA) announced on Thursday that American farmers are expected to reduce corn plantings in 2024 more than initially anticipated, while increasing soybean seedings. The decision comes amidst low crop prices and elevated input costs, prompting growers to seek cost-cutting measures. With global supplies on the rise due to expanding South […]

Brazil’s leading coffee exporter, Cooxupe, disclosed a significant decline in its 2023 coffee shipments attributed to challenges stemming from low prices and logistical constraints. According to the co-op’s annual report, Cooxupe shipped 4.5 million 60-kg bags of arabica coffee in 2023, marking a notable decrease from the 6.8 million bags dispatched in 2022. The decline […]

In the deserted kibbutz located within Israel’s evacuation zone near the Lebanese border, Lior Shelef remains as a vigilant reservist in a protection force, overseeing the farm operations amidst escalating security threats. Despite the persistent risk posed by Hezbollah rockets inching closer, Shelef continues caring for the cows and chickens, even as the livestock grapple […]

Industry officials in China anticipate that the country’s pig herds will continue to be in surplus this year, despite government efforts to address oversupply through revised sow targets. The world’s largest pig breeder has been grappling with challenges such as low hog prices, mounting debt, and reduced demand, prompting pig enterprises to sell farms and […]

Argentina’s main agricultural regions are set to benefit from dry weather conditions in the upcoming week, facilitating the commencement of soy and corn harvests following a period of heavy rainfall, as reported by the Buenos Aires Grains Exchange on Wednesday. The favorable weather outlook is expected to support the progress of soy and corn harvesting […]

The forecast for Brazilian soybean production has been revised upward to reach 156.5 million metric tons this year, as reported by an agribusiness consultancy following a comprehensive survey of fields across the country. Agroconsult initially projected production at 152.2 million tons during its expedition that commenced in January, citing climate uncertainties impacting output potential in […]

Analysts in the grain market are forecasting a decline in U.S. corn plantings from last year’s decade-high levels, with farmers potentially favoring soybeans due to perceived better profitability prospects. Despite expectations for a shift towards soybeans, predicting U.S. farmers’ planting intentions has been challenging in recent years, particularly given the fluctuating crop prices compared to […]