Agriculture

Indian rice exporters are grappling with significant tax demands from the customs department, posing a threat to rice shipments from India, according to information shared by four exporters with Reuters. The customs department has issued notices to exporters requesting payment of duty differentials on rice exported over the past 18 months, a rare tax demand […]

The Crop Estimates Committee (CEC) of South Africa has projected a 19.3% decline in maize production for the 2023/2024 season compared to the previous year. According to the latest summer crop forecast released on Tuesday, the expected maize harvest for 2024 is estimated at 13.26 million metric tons, a significant drop from the 16.43 million […]

Major confectionery companies like Hershey and Mondelez are adapting their Easter offerings amidst soaring cocoa prices, which are posing challenges to their profitability and consumer acceptance of higher prices. With cocoa prices tripling in the past year due to bean disease in West Africa, chocolate makers are facing pressure on their profit margins and are […]

According to data released by the European Commission on Tuesday, soft wheat exports from the European Union during the 2023/24 season from July to March 23 totaled 22.8 million metric tons, marking a 2% decrease compared to the same period in the previous season when exports reached 23.2 million tons. EU barley exports stood at […]

Egypt’s General Authority for Supply Commodities (GASC) announced on Monday an extension of the deadline for offers in its recent sugar tender for 50,000 metric tons of raw cane sugar to March 30, moving from the initial deadline of March 23. The tender, initiated on March 17 on behalf of the Egyptian Sugar & Integrated […]

The U.S. Department of Agriculture (USDA) announced on Monday that samples of milk collected from ill cattle in Kansas and Texas have tested positive for avian flu, but reassured the public that the nation’s milk supply remains safe. The detections in milk samples and a dairy cow highlight the broad impact of the virus, commonly […]

Chicago wheat futures saw an uptick on Tuesday, hovering near a three-week high, driven by apprehensions surrounding potential disruptions in exports from major supplier Russia due to a dispute between shippers and regulators regarding grain quality. While wheat prices reached their highest level since March 4 at $5.67 a bushel on Monday, concerns over export […]

Agribusiness consultancy AgRural revealed that Brazil’s soybean harvest progress for the 2023/24 season had reached 69% of the planted area by last Thursday, marking a 6-percentage-point increase from the previous week. Although slightly below the 70% mark recorded at the same period in the previous year, harvesting is currently focused in the Matopiba region and […]

The European Union’s winter grain crops are reported to be in mediocre condition across significant regions, despite favorable spring weather, according to the EU crop monitoring service MARS in a recent update on Monday. The report highlighted that extensive areas in western, northern, and eastern Europe have been adversely impacted by excessively wet conditions since […]

A dispute with Russian federal authorities has halted the processing and shipment of approximately 400,000 metric tons of grain destined for buyers, according to the owner of one of Russia’s major grain exporters, TD RIF, as reported by Reuters. The conflict arose after Rosselkhoznadzor, Russia’s agricultural watchdog, raised concerns about the quality of Russian grain […]