Agriculture

China, a major global importer of agricultural products, is projected to sustain near record-high levels of cereal and oilseed imports in 2024. Despite recent cancellations, driven by lower global prices and domestic output challenges, China’s wheat imports from Australia have surged significantly in the first two months of the year. The country’s robust demand for […]

China is anticipated to introduce new regulations this year concerning the labelling of genetically-modified (GM) crops used in food items, as reported by government-backed publication The Paper on Wednesday. The move to regulate the use of GM crops in food aligns with China’s strategic efforts to facilitate the commercial cultivation of higher-yielding GM varieties to […]

Ukraine’s grain exports in March have reached 3.2 million metric tons, a slight decrease from the 3.5 million tons exported during the same period last year, according to data from the agriculture ministry released on Wednesday. The country’s total grain exports for the 2023/24 marketing season from July to June have declined to approximately 32.9 […]

Grain trade association Coceral revised down its soft wheat output forecast for the European Union and the United Kingdom by 5.4 million metric tons for the 2024 harvest, attributing the reduction to damage caused by excessive rainfall in the region. The latest projection places the expected soft wheat harvest at 134.1 million tons, a decline […]

Brazil has reinforced its position as China’s primary corn supplier, surpassing the United States in the first two months of the year, while also witnessing an uptick in soybean exports, according to recent Chinese customs data released on Wednesday. In the Jan-Feb period, China imported 4.1 million metric tons of corn from Brazil out of […]

A recent onslaught of heavy rains across crucial grains regions in Argentina poses a significant threat to the country’s current soy and corn crops, potentially causing damage and impacting production levels, as highlighted by a local grains exchange and weather experts on Wednesday. Argentina, a key global exporter of soybean oil, meal, and corn, has […]

China has greenlit 27 genetically modified corn seed varieties and 3 GM soybean varieties in an effort to enhance the cultivation of high-yielding crops. The approvals, issued by the Ministry of Agriculture and Rural Affairs, include seed varieties from key players like Dabeinong and China National Seed Group. This move signifies China’s shift towards expanding […]

Chicago soybean futures experienced a slight uptick on Wednesday, driven by traders unwinding short positions, although gains were tempered by the robust Brazilian harvest. The most-active soybean contract on the Chicago Board of Trade inched up by 0.1% to $11.87 a bushel, with short covering providing support ahead of the upcoming U.S. Prospective Plantings and […]

Ukraine has exported 1.33 million metric tons of grains through the Romanian Black Sea port of Constanta in the first two months of the year, according to the port authority. As one of the world’s major grain exporters, Ukraine has increasingly utilized Constanta as a key export route following Russia’s invasion in February 2022. The […]

The European Union has reached a provisional agreement to continue providing Ukrainian food producers with tariff-free access to EU markets until June 2025. The decision aligns with the European Commission’s proposal to suspend duties and quotas on Ukrainian farm produce, with provisions for an “emergency brake” on poultry, eggs, sugar, oats, maize, groats, and honey. […]