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 […]
Brazil plans to expand soybean planting by 4% Brazil predicts that soybean crops will increase by 4%. Local farmers plan to achieve this result by expanding acreage for the crop. And the country has seen an increase in soybean acreage for the 15th consecutive year. This allows Brazil to remain the world’s largest producer of […]
How the North Korean government fights food shortages North Korea remains one of the most closed countries in the world with dictatorial rule. The state’s economy is extremely weak, the population is impoverished and lacks access to many of the resources that are an integral part of people’s lives in other countries. The situation is […]
Low water levels in the Paraná River: implications for exporters There may be problems with shipments of soybeans in Argentina. The reason is the low water level in the river through which ships with agricultural products pass. Reduced water level in the Paraná River increases the risk that the transport will run aground. Therefore, traders […]
Demographic change as an impetus for increasing the allotment Demographic changes in the world are shaping new trends in the agricultural market. This can be clearly seen in Nigeria, where the segment of oilseeds and oilseed products has seen an interesting trend. The fact is that the country has a growing young population. There are […]
How the prices of grains and pulses will behave: forecast Last year the agricultural market suffered a serious shock. The surge in demand from China caused the prices of grains and pulses to increase several times. This trend is continuing now, and analyst Chaslau Koniukh predict that the rise in prices will continue over the […]
The EU market has become more accessible to American farmers The U.S. and the European Union finally managed to reach an agreement on the amount of reciprocal duties. It was decided to suspend tariffs on agricultural products for 5 years. Now more American products, including wheat and soybeans, will appear on the EU market. This […]
European Commission predicts a higher yield than last season The European Commission has revised its wheat crop and stock forecasts for the 2021/2022 season. The organization lowered expectations for the volume of soft wheat production for all EU countries. Initially, the forecast was at the level of 126.2 million tons, and now it is 125.8 […]
High wheat and rice yields: what Chinese farmers can expect China has harvested a record high yield of crops, which is an excellent sign to replenish the country’s reserves. According to a statement from the Ministry of Agriculture, the authorities plan to keep this year’s grain production at 650 million tons. According to official data, […]