NEWS

news

EU farmers to compete Russian wheat with certified sustainable production

russian-wheat

European exporters are finding it harder to compete against bumper supplies from low-cost producers in the Black Sea region. Europe’s grain farmers may have to focus on quality over quantity to better tackle fierce competition from the likes of Russia, Bloomberg reports.  To appeal to new customers, European Union growers will start cutting back on pesticides and turn toward more …

Read More »

Archer Daniels Midland elected new director

DY_gmFPU0AA9jbh

Archer Daniels Midland Company announced at its 95th Annual Stockholders’ Meeting the election of its board of directors, including new director Michael S. Burke. Burke is chairman and CEO of AECOM, which designs, builds, finances and operates infrastructure assets in more than 150 countries. Prior to his current position, Burke served as AECOM’s senior vice president of corporate strategy; chief …

Read More »

U.S. expects record-low winter wheat

2D915149-61E3-4DEA-B618-FEDCE4429CD0_w1200_r1_s

U.S. farmers are expected to harvest their smallest winter wheat crop in more than a decade amid an ongoing drought that has devastated fields across the nation’s breadbasket and a global surplus of the grain that has depressed prices, according to USDA report.  U.S. soybean supplies are seen falling in the upcoming marketing year as domestic usage and exports are …

Read More »

Trade rows spell gain, and pain, for U.S. grain exporters

Harvest-rsgreen89

Global grain marketers have seized upon trade tensions between the United States and several of its top export markets, including China, to turn around struggling trading units following one of the toughest years ever for the industry, Reuters repoted.  After five years of bumper harvests worldwide the depressed crop prices, trading margins are on the rebound. For Archer Daniels Midland …

Read More »

Five million in urgent need of food aid in West Africa 

Misra (6) receives a cup of water during meal time at a ChildFund-supported early childhood development center in Fentale District, Ethiopia. May 8, 2017.
Photo by Jake Lyell for ChildFund.

Five million people living in the Sahel, including 1.6 million children threatened by acute malnutrition are in urgent need of food aid, according to the UN. The UN officials called on world policymakers to act quickly to save people in the region . Five million people in West Africa’s Sahel region will need food aid in the coming months following …

Read More »

The African agri-tech sector booming  

fc41565c80923815f6c47ee9e794a596c65fd9e_jpg_autocropped

  According to the Agrinnovating for Africa Report 2018, with the number of startups operating in the market growing 110 per cent over the past two years, and over US$19 million invested into the agri-tech sector in that period. Investments in agriculture technology in Africa have seen $19-million invested in the past two years. Agri-tech startups have grown 110% in the period. …

Read More »

Dryness hits Australian GrainCorp yearly profit

wheat_0

Australia’s largest listed bulk grain handler GrainCorp Ltd slashed its interim dividend amid a plunge in first-half profit, and warned it faces more challenges from unrelenting dry weather. The big dry in Queensland and northern NSW has slashed GrainCorp’s harvest and shrivelled its half year profit by almost two thirds. GrainCorp’s profit for the six months to March 31 was …

Read More »

Double hammer blow of Argentina’s soy production

soja

In Argentina, the excessive wetness could cut soy yields by 5 percent to 15 percent, on top of the huge losses caused by hot, dry conditions that started in November and lasted through March. Soy harvesting machines are getting stuck in the mud as they try to move over water-logged fields in Argentina, threatening the country’s main cash crop as …

Read More »

U.S. grain and milling firm Bartlett to merge with logistics company Savage

Company-Header

Utah-based supply chain provider Savage Companies announced it has agreed to merge with Missouri-based grain and milling firm Bartlett and Company. The merger will create one of America’s biggest private agribusiness companies. Bartlett and Company, which says it is a top exporter of U.S. grain to Mexico, will merge with logistics provider Savage Companies, the firms said, in the latest …

Read More »

Brazilian soybean exports seizing a Chinese opportunity

indir

The slowdown in U.S. soybeans exports, combined with record crops in Brazil and a production shortfall in Argentina created an opportunity for Brazil to expand its footprint in China. For the 2017/18 marketing year, Brazilian soybean exports are projected at a record-high 2.7 billion bushels. For many reasons, Brazilian exports of soybeans to China are surging. First, following a record …

Read More »