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 […]
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 […]