Agriculture, Energy and Metal Information
According to the state news agency (INA), Iraq has procured 1.5 million metric tons of wheat so far this year, as the country aims to be more self-sufficient in wheat production. Haider Nouri Al-Karaawi, the general manager of the state-run Grain Board of Iraq, told INA that the procurement has been carried out in all […]
Russia’s IKAR agricultural consultancy has reduced its forecasts for the country’s wheat crop and exports, citing concerns about the impact on production. Specifically, IKAR has cut its forecast for Russia’s wheat crop to 86 million metric tons, down from its previous estimate of 91 million tons. The consultancy has also lowered its outlook for Russian […]
Indonesia may further extend its rice handout program by six months until December, despite easing local rice prices, outgoing President Joko Widodo announced on Monday. The Southeast Asian country has been providing 10 kilograms of rice monthly to more than 20 million low-income families since March 2023 to help them cope with high prices of […]
Chicago wheat prices hit new nine-month highs on Monday due to concerns that frosts could damage crops in top exporter Russia. However, the prices fell back later in the session on selling pressure as rain was forecast in the dry Russian grain belts. The most-active wheat contract on the Chicago Board of Trade (CBOT) initially […]
Malaysia, the world’s second-largest palm oil producer, reported a rise in palm oil stocks at the end of April, the first increase in six months. This surge in inventories is attributed to a jump in production, despite a drop in exports. According to data from the Malaysian Palm Oil Board (MPOB), the industry regulator, Malaysia’s […]
According to the Ukrainian agriculture ministry, farmers in the country have sown around 10 million hectares of spring grain crops as of May 10, 2024. The sown area includes: 4.3 million hectares of spring grains5.2 million hectares of oilseedsSpecifically, the ministry data shows: 2.8 million hectares of corn779,900 hectares of spring barley244,900 hectares of spring […]
Bunge, the global agribusiness and food company, has temporarily suspended activities at its soybean crushing unit and port terminal in the city of Rio Grande, Brazil, effective from Thursday. The decision was made due to forecasts of possible flooding in the region in the coming days, the company said in a statement to Reuters. Rio […]
Chicago wheat futures rose to a nine-month high on Friday, driven by concerns over frost damage to crops in top exporter Russia. Corn and soybean prices also edged higher amid challenging weather conditions in major growing regions. According to the Russian agriculture ministry, wheat regions hit by frosts this month will need to be re-sown, […]
According to the Iranian Student News Agency, a deputy at the Iranian Agriculture Ministry has stated that Iran will not import any wheat until March 2025, as the country will rely on its domestic wheat production. Alireza Mohajer, the deputy agriculture minister, said that between March 2023 and March 2024, Iran’s domestic wheat production has […]
According to Russia’s state news agency TASS, the country’s agriculture ministry has stated that the regions hit by frosts in May will re-sow the crops that were killed by the cold weather. Three of Russia’s key grain-growing areas – Lipetsk, Voronezh, and Tambov, which are part of the country’s fertile Black Earth region – have […]