Agriculture

India’s decision to allow duty-free imports of chickpeas is unlikely to help bring down local prices, as even record imports would be unable to compensate for the significant drop in domestic production, industry officials told Reuters. Chickpea prices in India hit a record high of 65,103 rupees ($779.75) per ton last week, rising nearly 33% […]

Dutch global commodity merchant Louis Dreyfus Company (LDC) has raised its offer to acquire the remaining stake in Australia’s Namoi Cotton NAM.AX, topping a rival bid from Singapore-based Olam Agri. LDC, which already owns around 17% of Namoi, has proposed to buy the rest of the Australian cotton producer for A$0.67 per share, valuing the […]

Russia’s Agriculture Ministry has reduced the grain export quota of one of the country’s largest grain traders, Rodnie Polya (formerly known as TD RIF), for the current marketing year by almost 1.2 million tons. The quota has been cut to 2.78 million tons amid a row with authorities over phytosanitary issues, which have led to […]

Argentina’s corn farmers are facing a dangerous new enemy due to the effects of global warming – a small yellow insect just 4 millimeters long known as the leafhopper. The world’s third-largest corn exporter has been forced to slash millions of tons from its harvest projections for the current crop due to a rare plague […]

Chicago wheat, corn, and soybeans prices retreated from their recent multi-month highs on Tuesday as markets assessed the impact of changing weather conditions in major production zones worldwide. The most active wheat contract on the Chicago Board of Trade (CBOT) fell 0.9% to $6.43-1/4 per bushel, while CBOT soybeans edged down 0.3% to $12.44-3/4 per […]

Ivory Coast’s cocoa exporters, represented by the association GEPEX, have asked to meet with the country’s Coffee and Cocoa Council (CCC) regulator to discuss financial support to cushion the current market turmoil. Due to bean shortages, some contracts between GEPEX – which represents multinational exporters including Barry Callebaut, Olam, and Cargill – and the CCC […]

Malaysian palm oil futures closed higher on Monday, tracking gains in rival soyoil prices. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was up 0.49% at 3,863 ringgit ($815.50) per metric ton at closing. The rise in palm oil prices was influenced by the 0.76% gain in Dalian’s most-active […]

According to European traders, the Algerian state agency ONAB is believed to have bought an unknown volume of animal feed corn in a tender for up to 160,000 metric tons that closed last week. However, no purchase was reported for the 70,000 tons of soymeal that was also sought in the tender. The tender, which […]

Russian wheat export prices continued to rise last week as volatile weather conditions made crop forecasts difficult. The price of 12.5% protein Russian wheat scheduled for free-on-board (FOB) delivery in June was $216 a metric ton, up from $212 a ton the previous week, according to the Sovecon agriculture consultancy. The volatile weather in Russia […]

According to data from the Ukrainian agriculture ministry, the country’s grain exports in the 2023/24 marketing season had reached almost 42 million metric tons as of May 6. This is compared to 42.6 million tons exported as of May 8, 2023. The exports so far this season have included 16 million tons of wheat, 23.3 […]