Wheat and barley crop forecast for the current and next seasons The European Commission revised its wheat crop forecast for the 2021/2022 season. According to the new data, the volume of residues will decrease compared to previous expectations, but the production will increase to 126.2 million tons. Previously it was 124.8 million tons. This represents […]
How Canadian barley benefited from the China-Australia conflict Problems in diplomatic relations between Australia and China have significantly affected trade between the countries. As a result, Beijing practically refused to supply Australian grain, although before it was the largest importer. This situation has played into the hands of other agricultural producers, for example, Canadian barley […]
Global sunflower production: an overview of different countries Analysts predict that sunflower production in the world will reach record levels. In the 2021/2022 season, it is estimated at 55 million tons, helped by the expansion of cultivated areas — in total they amount to 27 million hectares. Most of them fall on the territory of […]
How global corn exports will change in the 2021/2022 marketing year IGC analysts made a forecast for the global market of agricultural products. It is expected that corn exports will decrease by 2.9 million tons in the 2021-2022 marketing year and will amount to almost 184 million tons. The U.S. will supply about 62.5 million […]
Government wants to restore sunflower oil imports to pre-pandemic volumes The Indian government announced plans to increase imports of sunflower oil in the season 2021/2022. As for the current period, here it is projected to reduce the supply of products in the country. A total of 1.8 million tons of oil will be imported, which […]
What a good wheat harvest depends on Last year, Romania experienced a decrease in wheat yields. The reason was the drought, which caused serious damage to the agricultural industry of the country. This season, however, experts promise a favorable forecast. Local farmers expect a good wheat harvest, which will contribute to greater exports to other […]
Wheat trade on the world market: overview of the situation FAO analysts have made a forecast for the agricultural market. They promise that wheat trade in the current season will exceed the previous period. This figure will be at the level of 467 million tons, which is 5.9% higher than that recorded in the previous […]
FAO has published an agricultural report, which forecasts how the world market of oilseeds and grains will develop in 10 years. Analysts of the international organization say that until 2030 there will be an increase in soybean production, about 1.1% per year. This will be mainly due to an increase in cultivated areas. Latin America […]
Agribusiness company Bunge expects high profits this year The agribusiness company Bunge has changed its profit forecast. The company’s earnings guidance was driven by an increase in vegetable oil sales, which boosted revenue by 14%. The company estimates that adjusted profit for the current year will be more than $8.5 per share. At the same […]
Prospects for spring wheat harvest do not make the leading producers happy This year the weather has not been favorable to spring wheat producers in the USA. As a result, they are expecting disappointing prospects for the harvest, it will reach the lowest values for the last 33 years. Canada and Russia, which together with […]