India's Impact on Palm Oil Market
Palm oil, the most consumed vegetable oil globally, plays an essential role in the food and cosmetics industries. In 2022/23, global consumption reached approximately 78 million metric tons, with India standing out as the largest importer of the product. According to analysis by Vipul Bhandari, Head of Desk at Hedgepoint EMEA, India […]
Corn exports remain below 2023 and market is concerned
The Foreign Trade Secretariat (Secex) announced this Monday (16) that the volume of unmilled corn (except sweet corn) exported so far in September 2024 reached 3,075,981.1 tons. In comparison, this number represents only 35.16% of the total exported in the same month in 2023, which was 8,746,381.3 tons. In addition, in the first 10 […]
Prometey closes grain silos due to war and climate
Prometey, one of the largest agricultural holdings in southern Ukraine, recently announced the closure of some of its grain silos and staff cuts due to economic hardships resulting from the Russian invasion and unfavorable weather, which have subsequently caused a significant drop in harvest. In a statement released on Monday, […]
La Niña Forecast: Delays and Impacts
The 2024 climate forecast indicates a 71% probability of La Niña developing between September and November. NOAA (National Oceanic and Atmospheric Administration) meteorologists expect that, although weak, La Niña will persist through the winter in the Northern Hemisphere. Meteorologists base their predictions on climate models […]
Ukraine says Russia hit bulk carrier
Ukraine accused Russia on Thursday of using strategic bombers to attack a civilian bulk carrier with missiles in the Black Sea near NATO member Romania. The incident further heightened tensions between Moscow and the Western military alliance. Ukrainian President Volodymyr Zelenskiy said the ship, carrying grain from Ukraine, had been carrying a missile.
Abiove slightly reduces projection for Brazilian soybean harvest
The Brazilian Association of Vegetable Oil Industries (ABIOVE) released the update of monthly statistics for the Brazilian soybean complex until July 2024, presenting important adjustments in the production, processing and export of the sector. Drop in soybean grain production According to the new projection, there was a slight reduction of 200 thousand tons […]
Argentine farmers increase soybean planting
Farmers in Argentina are opting to increase soybean planting this season, due to the impact of dry weather and fears of diseases transmitted by the leafhopper insect, which have harmed corn crops. The Rosario Grain Exchange released the information last Wednesday. The estimate for the planting area of […]
Cerrado Day: biome is the second most threatened in the country
The Cerrado, the second largest Brazilian biome, also ranks second among the most threatened when it comes to loss of biodiversity and ecosystem services. According to a study conducted by Mapbiomas, the Cerrado has lost 27% of its native vegetation in the last 39 years, which represents 38 million hectares deforested. Compared to the […]
Soybean prices stabilize after initial rise on CBOT
After a sharp increase earlier in the day, soybean prices began to stabilize on the Chicago Stock Exchange late Wednesday morning (11). At around 11:20 am (Brasília time), prices were down 0.25 to 0.50 points, with the November contract trading at US$ 9.96 and […]
