Crude oil price surge pushes up prices of
Increasing crude oil prices have pushed up prices of edible oils 7% in the past fortnight as countries across the globe have stepped up use of bio-diesel in order to bring down fuel prices.
Brazil sets records for 2020/21 sugar prod
With a month to go in the 2020/21 sugar production year (April 2020 to March 2021), Conab is estimating that Brazil will set records for sugar production and sugar exports. Brazil's sugar production in 2020/21 is estimated at 41.8 million tons, which would be an increase of 40% compared to last year. Sugar exports in 2020/21 are also expected to be record high.
As more buyers queue up for Indian rice, 2
As more buyers from South America, Eastern Africa and South East Asia start queuing up for the Indian rice, the exports of the cereal — both basmati and non-basmati — are seen scaling new highs this fiscal.
Brazil’s poultry exports to Saudi Arabia
While Brazilian imports of poultry to Saudi Arabia have remained stable, demand for coffee from the South American country has seen a large slump in the Kingdom, according to official figures.
World coffee market will move to deficit i
For world agricultural markets in general, 2021 may turn out a year of two halves with firm prices in the first half and softness in the second. But coffee could be an exception because of supply shortfall and demand revival operating together.
Sugar refiner says container shortage limi
A shortage of shipping containers in India, the world’s second-biggest sugar producer, is hurting shipments even as overseas demand stays robust, according to an industry official.
China’s purchases of U.S. soybeans s
China's soybean imports from the United States in 2020 rose by 52.8% from a year earlier, customs data showed last week, though the stepped-up buying likely fell short of what was needed to fulfill last year's trade deal between the countries.
Brazil breaks record for coffee exports
Brazil, the world's largest producer and supplier of coffee, exported 44.5 million bags (of 60 kilograms) of this bean in 2020, a volume 9.4% higher than in 2019 and a record number for the country, despite the pandemic.
GRAINS-U.S. soybeans, corn, wheat rally; b
U.S. soybean futures rose 1.7% on Thursday, underpinned by the strong demand highlighted in the U.S. Agriculture Department’s monthly supply and demand report on Tuesday, traders said.
