Crop losses in Germany amounted to 10-12% The current season has been extremely challenging for the agricultural market. Some regions have seen record amounts of rainfall, while others, on the contrary, have suffered from abnormal drought. Among the latter was Germany, where according to analysts’ forecasts the loss of grain harvest amounted to about 10-12%. […]
La Niña is one of the factors of critical price volatility The global agricultural market is going through bad times, which adds to the volatility. For quite a long time there was record volatility in prices, which affected all the key crops, both grains, and oilseeds. The cost of products has reached maximum marks for […]
Safras&Mercado: Brazil’s soybean exports to grow significantly Analysts at Safras & Mercado have conducted a new study of the agricultural market and made their forecast for next year. According to the report, soybean exports from Brazil in 2023 will be 91.5 million tons, 19% more than expected for the current year. The oilseed is expected […]
Kenyan government forced to increase corn imports According to official sources, this year corn imports to Kenya will reach the highest values since 2017. For this purpose, white varieties of grain will be supplied to the country for three months, and a total of 540 thousand metric tons of products are planned to be purchased. […]
Wheat production in Algeria will increase compared to last season The relevant ministry has presented a report on the situation in agriculture. It is predicted that the production of wheat in Algeria could exceed 3 million tons. For comparison, last season local farmers harvested 2 million tons. In addition, experts highly estimate the stock of […]
The sunflower harvest in Europe will be a record Strategie Grains experts presented their forecast of oilseeds production for the European Union. According to the report, the sunflower harvest in the current season will reach a record of almost 11 million dollars. This figure will exceed the previous marketing year by 5%. The forecast was […]
U.S. agricultural exports to reach record highs The U.S. Department of Agriculture presented a forecast of sales of locally produced agricultural products for the current year. According to the report, exports will be $191 billion, which will be a record for the country. This figure is $7.5 billion higher than in the previous forecast. The […]
Corn planted area and consumption volumes: forecast for China Analysts of CNGOIC presented a new forecast for corn consumption in the Chinese market. Compared to the last report, it was reduced by 2.1 million tons. It is expected that consumption in PRC will be about 279 million tons. In addition, the sown area of corn […]
Iraq cuts rice production due to drought Weather conditions in Iraq proved to be highly harsh for local agricultural producers. The prolonged drought combined with high temperatures negatively affects the volume and quality of grain crops. First of all, the Amber variety of rice was under threat. The lack of sufficient rainfall in Iraq is […]
Grain harvest in the European Union: forecasts for the new season Analysts of Coceral revised the forecast of crop production for the current year for the EU countries. It is expected that the grain harvest will increase by more than 3 million tons and will amount to about 286 million tons. However, despite the improvement […]