Agriculture

Wheat buyers in Asia, Africa, and the Middle East, who account for two-thirds of global wheat imports, have been caught off guard by the sharp 30% surge in wheat prices since April. This unexpected rally has left these major importers with relatively little supply on hand, as they had been buying cargoes just one or […]

The European Union has agreed to impose steep tariffs on imports of cereals, oilseeds, and derived products from Russia and Belarus, effective July 1st. The move is intended to halt imports of these commodities from the two countries into the EU market. Under the new measures, the tariffs will be set at 95 euros ($102.76) […]

Ukraine’s grain exports have seen a significant jump in May, climbing to 5 million metric tons compared to just 3 million tons by the same stage last year, according to data from the country’s agriculture ministry. The overall grain exports for the 2023/24 July-June marketing season have reached 46.4 million tons as of May 29, […]

Jordan’s state grain buyer has issued an international tender seeking to purchase up to 120,000 metric tons of milling wheat from optional origins. The deadline for price offers is June 4. The new tender announcement comes after Jordan made no purchase in its previous tender for 120,000 tons of wheat on Tuesday. In the latest […]

The devastating floods that have struck southern Brazil have taken a heavy toll on the region’s agricultural community, with many farmers like Edite de Almeida and her husband Joao Engelmann facing massive losses. After three days of relentless rains, the floodwaters rose above Almeida’s head, forcing the family to flee their home and release their […]

India is poised to begin importing wheat after a six-year hiatus, as the government looks to replenish depleted reserves and hold down prices that have surged following three years of disappointing domestic harvests. According to sources, New Delhi is expected to abandon the current 40% tax on wheat imports this year, paving the way for […]

According to the state-backed Global Times newspaper, Chinese companies plan to request that authorities open an anti-dumping investigation into imports of some pork products from the European Union. The report, citing an unidentified “business insider,” provided no further details. China imported a total of 1.55 million metric tons of pork in 2023, with the EU […]

South Korea’s Korea Feed Association (KFA) has issued an international tender to purchase up to 138,000 metric tons of animal feed corn to be sourced from South America or South Africa only, according to European traders. The deadline for submitting price offers in the tender from the KFA’s Busan section is Tuesday, May 28. Traders […]

The Rosario grains exchange in Argentina has reported that cold temperatures across much of the country’s farming heartland over the weekend will help slow a severe leafhopper insect outbreak that has damaged the current corn crop. Argentina is the world’s third-largest corn exporter, but the present crop has suffered from an explosion in the leafhopper […]

Chicago wheat futures rose nearly 3% on Tuesday, reaching their highest level since last July, due to concerns over adverse weather impacting the harvest in top exporter Russia and tightening global supply. The most-active wheat contract on the Chicago Board of Trade (CBOT) climbed 2.9% to $7.17-1/4 per bushel, after earlier touching $7.20. Prices have […]