Coarse grain production: FAO forecasts According to the FAO, coarse grain production will reach a record level in the 2023-2024 season. The organisation published this forecast in its latest report. The global feed crop harvest will be around 1.5 billion tonnes. FAO has raised its expectations by 12 million tonnes compared to its previous analysis. […]
EU rapeseed imports to rise, production to fall The Strategy Grains consultancy predicts a reduction in the area under several crops in the EU. This will affect the region’s rapeseed imports. The EU will have to increase purchases from Australian and European exporters. Experts predict a reduction in rapeseed areas, mainly in Eastern Europe. Analysts […]
Corn crop depends on adequate rainfall The US Midwest has experienced dry weather for most of 2023. However, despite analysts’ concerns, farmers in Nebraska have managed to harvest a good corn crop. The Department of Agriculture reported a high yield of 177.3 bushels per acre. American farmers harvested 15.3 billion bushels, a record for the […]
Australian agricultural output set to fall after record 3 years In Australia, yields of most crops have reached record levels over the past 3 years. However, agricultural output could fall in the 2023-2024 season. ABARES forecasts that winter crop production will fall 33% to over 46 million tonnes. Summer crop production will fall by 27% […]
The growing of grain legumes by farmers has been increasing in Canada for many years The cultivation of grain legumes is increasing in Canada. Experts say they are more profitable than other crops. According to the Ministry of Agriculture, the production of lentils in the country has exceeded that of peas by a factor of […]
Heat-tolerant wheat could soon be available Gene editing has widespread agricultural applications. It helps reduce climate change’s effects on plants and increase crop production. Rising ambient temperatures are a severe problem for crop yields. Scientists are working to develop new wheat varieties through DNA modification. These include heat-tolerant wheat, allowing the plant to grow in […]
High soybean harvest in Argentina could offset production decline in Brazil Gro’s AI forecasting model analyses and predicts agricultural market trends. According to its assumptions, Argentina’s soybean harvest will likely be high in the 2024 marketing year. Higher production in that country will be able to offset the decline in Brazil. For its analysis, Gro […]
Global wheat supplies will increase due to increased production Gro, a machine learning-based forecasting model, has analysed the global agricultural market. According to the analysis, wheat supplies will increase in 2024 after four years of decline. Wheat is the most in-demand crop on the global market and is strategically important to the food system. Grain […]
Rice production in South Korea is declining In 2023, South Korea’s rice production fell by 1.6% compared to 2022. According to the FAS report, the decline in crop yield was due to measures introduced by the government. In the most recent period, the authorities introduced incentives for farmers to reduce rice area. Korea’s final production […]
Benson Hill plans to expand its seed range in the coming years Benson Hill plans to introduce new soybean varieties in 2024. The biotechnology company is using an innovative artificial intelligence-based breeding platform. The company has made good progress in seed development and testing over the past year. As a result, analysts expect the company […]