Agriculture

According to estimates presented by Mexico’s agricultural ministry, the country’s 2024 corn harvest is set to be severely impacted by a prolonged drought, with overall production expected to decline by 9%. The ministry report forecasts Mexico’s 18-month corn season to produce around 25.15 million metric tons, including 21.89 million tons of white corn, which is […]

The Rosario grains exchange in Argentina has predicted that the country’s upcoming 2024/25 wheat harvest could approach the record set in the 2021/22 season, pegging its estimate at 21 million metric tons. According to the exchange, the planting of the wheat crop itself could also set a record, with an estimated area of 6.92 million […]

China is facing a searing heatwave this week, with temperatures expected to reach as high as 42 degrees Celsius (107.6°F) in northern Hebei province on Wednesday. This comes as countries across Asia brace themselves for another summer of extreme weather conditions. The National Meteorological Centre (NMC) in China has warned of the impact of the […]

Australia’s largest sugar producer, Wilmar Sugar and Renewables, has temporarily halted operations at one of its sugar mills after unions agitating for better pay said workers would lay down tools. The Inkerman Mill in the Burdekin region was the only one of Wilmar’s eight mills that had begun its cane crushing season, with the others […]

A quarterly survey by Rabobank has found that rising input costs and dry weather in parts of Australia during the winter crop planting season have reduced confidence levels among the country’s farmers. Australia is a major global exporter of agricultural goods, and farm confidence had rallied earlier in the year after rains doused most of […]

Ghana, the world’s second-largest cocoa producer, is looking to delay the delivery of up to 350,000 tons of cocoa beans to the next season due to poor crop yields, according to five sources who spoke to Reuters. This is a further worsening of the outlook for the global chocolate industry. Chocolate makers around the world […]

Russian grain exporters are looking to increase their supplies of pulses and cereals to India and China, as they seek to offset the potential impact of Turkey’s decision to halt wheat imports from June 21 to October 15, according to the Russian agriculture ministry. Following talks between Agriculture Minister Oksana Lut and Russian grain exporters, […]

In the latest international purchasing tender held by Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC), the lowest free-on-board (FOB) offer presented was $243 per metric ton for 60,000 tons of Ukrainian wheat, according to traders. The offer was submitted by LDC, one of the major global agribusiness firms. GASC is seeking […]

Paraguay’s exports of soybeans are picking up pace, with shipments reaching 1.13 million metric tons in May, up around 34% from the previous month, according to data shared with Reuters. This uptick in exports comes as the landlocked South American nation sees improved global demand and stronger prices for the oilseed. Earlier in the year, […]

According to Arkady Zlochevsky, the head of Russia’s grain union, frosts in Russia have affected between 15% and 30% of the country’s winter grains, varying by region. This figure is much higher than the estimates provided by the Russian Ministry of Agriculture, which has put the percentage of damaged areas at around 1%. Zlochevsky explained […]