Drop in the fertilizer purchasing power index
The Fertilizer Purchasing Power Index (IPCF) for September, prepared by manufacturer Mosaic, ended the month at 1.05. This represents a drop of 5% compared to August, when the index was at 1.11. This scenario is considered favorable for the purchase of fertilizers. The lower the indicator, the better the relationship […]
Palm Oil Prices Rise: Ringgit Appreciates
Palm oil prices have seen significant increases in recent months, with the main factor being the appreciation of the Malaysian ringgit against the US dollar. According to Ignacio Espinola, senior grains analyst at Hedgepoint Global Markets, Asian currencies have started to gain strength after a period of depreciation. This movement is a result of the […]
Third consecutive week of growth in vegetable oils
Vegetable oils posted their third consecutive week of gains on major exchanges, according to data reported by StoneX. Soybean oil, despite a reduction in biofuel use in the U.S. in July, according to the EIA, provided significant support to the country’s overall demand in August, according to the USDA. […]
Malaysian palm oil stocks hit record high
Malaysia’s palm oil stocks increased significantly in September, reaching an eight-month high. Although there was a modest increase in exports and a reduction in production, the sharp drop in local consumption was the driving factor that outweighed these effects. The Malaysian Palm Oil Board […]
Wheat futures on adverse weather in US and Argentina
Wheat futures rose in overnight trading on concerns about adverse weather in the southern U.S. Plains and parts of Brazil. Little to no rain was reported in southwestern Kansas, as well as areas in […]
Russia harvests 85Mt of wheat so far, revises forecasts
Russia is the world’s largest wheat exporter. The country has already harvested around 85Mt of wheat and 120 million tons of grain in gross weight. This harvest covers 90% of the planted area. The information was released by the Minister of Agriculture, Oksana Lut, last Tuesday. Officially, Russia had predicted a […]
National cocoa receipt falls 23%
In the first nine months of 2024, the cocoa processing industry recorded a drop of 23.3% in the volume of national almonds received. There were 124.9 thousand tons received, compared to 162.9 thousand tons in the same period of 2023, according to data compiled by SindiDados – Campos Consultores and released by the National Association of Industries […]
Indonesia's biodiesel boost will reduce palm oil supply
Indonesia, the world’s largest palm oil producer, could reduce the supply of vegetable oil in the global market due to the implementation of higher biodiesel mandates, an industry analyst said on Tuesday. The country currently has a mandatory blend of 35% of palm oil-based biofuel in diesel (B35). […]
Forest fires cost agriculture R$2.5 billion
Forest fires in Brazilian states such as São Paulo and Goiás have already caused estimated losses of more than R$2.5 billion, affecting approximately 390 thousand hectares and severely impacting agribusiness, especially sugarcane mills. ORPLANA presented this data during the webinar “Forest fires: prevention, combat and impacts on agribusiness”. The Brazilian Association […]
