Spain will have to increase grain imports due to the drought For the second season, Spain is suffering from a severe drought that has seriously affected agricultural production and stocks. The authorities have therefore decided to significantly increase grain imports to meet domestic demand. To implement this plan, a new delivery mechanism has been put […]
Experts expect oilseed harvest to increase Strategie Grains forecasts that the European Union oilseed harvest for the 2023-2024 marketing year will increase by 1 million tonnes compared to last season. The harvest is expected to reach around 20 million tonnes, supported by favourable weather conditions in the territories of major producers Poland, France and Germany. […]
How low demand for soybeans in China will affect the soybean cultivation in Brazil Since the 2000s, China has become one of the largest importers of soybeans in the global agricultural market. Interest in the crop has encouraged exporters in American continent to increase soybean production. However, USDA analysts expect low demand for soybeans from […]
El Niño affects winter crops and wheat The US Department of Agriculture has published a report on global agricultural market developments. According to the report, winter crop production in Australia will fall. Last year’s harvest was a record high for the country. Analysts are also forecasting a drop in wheat production of around 30%. This […]
EU oilseed cultivation to reach more than 33 million tonnes The FAS has presented its forecast for the agricultural sector for the 2023-2024 marketing year. Oilseed cultivation in the EU is expected to increase by 4%. It will amount to just over 33 million tonnes. This result will be mainly due to weather conditions. A […]
Rice shortage could reach a 20-year high in 2022-2023 season Fitch Solutions has released an agricultural market forecast for the 2022-2023 season. It predicts a rice shortage in the global market. This deficit will be the largest in the last 20 years. The shortfall will be around 8.7 million tonnes. This figure was only higher […]
Growing new rye varieties will reduce the carbon footprint Aggressive agricultural technologies are causing irreparable damage to the environment. Many countries are rethinking their approach to using such technologies and making changes to farming practices. Growing rye and wheat crops are showing promising results. Experts have managed to reduce carbon emissions. Scientists at a German […]
Saudi Arabia improves grain storage processes Food security is a critical issue for Saudi Arabia. And the government is implementing various projects to address it. In this context, grain storage and the provision of the necessary conditions required special attention. A new facility was commissioned in May 2023. It increasing the total storage capacity by […]
Corn stocks to exceed 2 billion bushels US farmers expect a record harvest in 2023, which will boost US corn and soybean stocks. The increase in stocks will affect prices for these crops in 2024. Despite good expectations for corn and soybeans, the outlook for wheat is less optimistic. Grain stocks in the country have […]
Which crops are considered strategically important to Canada Cereal crops and their production are an important industry for Canada. It provides people with stable jobs and boosts the country’s economy. Over three years, crop production has added 69 billion Canadian dollars to the budget. The figure shows the economic impact in general terms. It considers […]