An Egyptian military agency has taken over the country's import of strategic commodities, a letter seen by Reuters showed, replacing a decades-old state institution to take over international buying tenders and also conduct direct purchases which have in recent weeks shaken the wheat market.As one of the world's largest wheat importers, Egypt had relied on the General Authority for Supply Commodities (GASC)…
Jordan's state grain buyer has purchased about 50,000 metric tons of animal feed barley in an international tender on Wednesday, European traders said.The barley was said to have been bought from trading house CHS at an estimated $259.00 a ton…
Raw sugar futures on ICE fell on Monday after oil prices slumped following comments from U.S. President Donald Trump that he would postpone any strikes on Iranian power plants and energy infrastructure.Falling energy prices can prompt cane mills…
Argentina is shipping out grains at a strong pace this season as record sunflower exports and booming corn sales help absorb one of the country's biggest harvests in years, the Rosario grains exchange said on Friday, though the conflict in the…
Global grains trader Bunge is exploring alternative shipping routes and working with customers to minimize any disruptions caused due to the conflict in the Middle East, a company spokesperson told Reuters.While the company did not immediately provide details on any alternative routes…
The Panama Canal and the U.S. Grains & BioProducts Council (USGBC) signed a Memorandum of Understanding (MOU) designed to strengthen their collaboration through the enhancement of global trade with U.S. agricultural products. Under the terms of the MOU…
Chicago soybean futures ticked down on light post-holiday trading volume on Friday, as competitively priced Brazilian beans and favorable South American weather pressured the commodity, analysts said.Wheat and corn futures also edged down, but corn received some support from the brisk pace of U…
Chinese state-run trading firm COFCO has booked a cargo of about 50,000 metric tons of new-crop Australian canola, two traders told Reuters, just days after Beijing imposed temporary levies on top supplier Canada.The purchase would mark China's first imports from Australia since 2020 when Australia…
Russian farming conglomerate Rusagro began exporting sunflower oil from the St Petersburg terminal (PNT) on the Baltic Sea as it seeks to overcome bottlenecks at Black Sea ports, according to LSEG data and four sources.Russia, the world's leading wheat exporter…
Benevolent weather and use of quality farm inputs such as seeds, fertilizers and chemicals will help Brazilian soybean growers reap an enormous crop in the 2024/25 season, according to agribusiness consultancies Celeres and StoneX on Monday…
Port ranks number one for refrigerated exports, supports $8.5 billion in ag exports.The Port of Oakland continues to be one of the most important gateways for U.S. agricultural products. The Port exported 235,899 TEUs (twenty-foot containers) of agricultural commodities as of October 2024…
Ukraine's waterborne food exports fell 17.1% to 2.9 million metric tons during May 1-15 from 3.5 million tons in the same period in April, Ukrainian agriculture ministry data showed. Ukrainian maritime food exports totalled 2.95 million tons from March 1-15…
“Global soya bean exports are forecast to grow by 8% between 2023 and 2025 based on data from the United States Department of Agriculture (USDA). Stronger import demand from China will be met by larger harvests in the US and Brazil and in the near term…
Global rice exports could fall by at least 4% in 2023 because of India’s restrictions on exports and El Niño’s impact on supply, says Filipe Gouveia, Shipping Analyst at BIMCO.“Replacing India’s rice exports is challenging, as India accounts for almost 40% of the world’s export of rice…
“Brazil remains on track for a record maize harvest this year, and exports could rise 8% in 2023. Brazil could thereby become the world’s largest maize exporter this year, which would partially offset weaker harvests in the US, Argentina, and Ukraine…
