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, […]
What the rise in world corn prices has led to The rise in world corn prices soared to 2013 levels, turning the entire market upside down. India significantly benefited in this regard, showing record volumes of corn exports. Due to such activity experts changed their assumptions about risk of inflation increase in some Asian states. […]
Algeria is expected to have a low grain harvest: the reasons The weather in Algeria is not favorable to local farmers. The country is experiencing a drought, which has primarily hit the agricultural industry. It is expected that the harvest of crops will decrease by 35-40% compared to last season, when 5 million tons were […]
Egypt will be able to reduce imports in the current and next seasons Egypt plans to reduce imports of wheat in the season 2021/2022. It should be noted that in the current period, the country has reduced the supply of foreign grain, and is not yet going to increase them. The government is hoping for […]
What the huge profits in the agricultural sector are related to Despite all the turmoil, 2020 was a good year for the agricultural industry. Thanks to an increase in grain prices on the world market, the profitability of farmers’ labor increased significantly, which stimulated them to expand their allotments. Huge profits are expected this year […]
What factors affect India’s wheat exports In the 2020/2021 season, India showed record grain shipments, although several years before that it had shown modest results. In 2020, the state sold 2.1 million tons, and in 2019 the figure was 219,690 tons. However, luck did not smile on the country for long — analysts predict that […]
Why demand for grains and oilseeds is growing Rabobank published a report on the state of world trade in crops. According to him, a number of regions will see high demand for grains and oilseeds. This primarily concerns the increase in consumption in Asia and Africa. In turn, North and South America, as well as […]
Production of agricultural products should grow significantly: forecast Despite the fact that the situation with coronavirus in India has been deteriorating for several months, experts expect that agricultural production in the current season will reach record levels. Several factors are prerequisites for this forecast. The first one was the active work of local farmers, who, […]