INMET issues new storm danger warning for 10 states
The National Institute of Meteorology (Inmet) issued this Sunday (21) a new orange alert for intense rain in 10 Brazilian states. The orange alert is the second on the scale used by Inmet, which varies between yellow (potential danger), orange (danger) and red (great danger), says a note from “Agência Brasil”. Furthermore, the warning […]
Soybean export prices fall in Brazil in February due to lower Chinese demand
Brazilian soybean export prices fell in mid-January 2024 due to weak Chinese demand, the start of the harvest season and other local factors, market sources told AgriCensus. In the week before the January 15 report, soybean prices fell more than 60 cents per month.
Argentina: Expectation of record soybean harvest
Soybean production in Argentina is forecast to significantly increase to almost 150% in the 2023/24 marketing year. Favorable weather conditions, including abundant rainfall during the planting season, contributed to this growth, as the United States Department of Agriculture (USDA) reported and World Grain reported. The Service’s report […]
Indonesia's PalmCo postpones IPO and focuses on biodiesel investment
In a recent development in the commodities sector, the Government of Indonesia has postponed the Initial Public Offering (IPO) plans of PalmCo, a prominent palm oil producer. The information was released by Reuters, citing an official from the parent company, state-owned agricultural group Perkebunan Nusantara (PTPN or Persero). The Ministry of State Companies […]
Winter and disruptions in the Red Sea create congestion
Winter weather-related disruptions at northern European ports, coupled with the diversion of ships from the Red Sea, are causing congestion at container terminals, AP Moller-Maersk reported in an update to customers. Additionally, Maersk and other shipping groups diverted vessels from the Sea […]
India extends tax cut on edible oil until 2025
The Indian government has extended the reduction in taxes on edible oil imports for another year, until March 2025. This initiative aims to control food inflation, according to information from Reuters on January 16. Originally, reduced taxes on imports of crude palm oil (CPO), crude sunflower oil and […]
Rising costs of transporting corn and soybeans in the Gulf – USA
In the third quarter of last year, there was an increase in the total costs of transporting corn and soybeans through the US Gulf route compared to the previous quarter. This change was detailed in a report from the United States Department of Agriculture (USDA). In contrast, costs on the Pacific Northwest route […]
Soybean harvest reaches historic milestones in Mato Grosso
The soybean harvest in Mato Grosso, until last Friday (12/01), reached an expressive 6.46% of the total predicted area, registering a notable weekly advance of 3.33 percentage points, according to data provided by the Instituto Mato-Grossense de Agricultural Economics (Imea). This weekly progress represents the highest value ever recorded by Imea for this period, marking a trend […]
Russian rapeseed oil exports grow by 70% in 2023
In 2023, Russia recorded a significant milestone in rapeseed oil exports, reaching 1.7 million tons. This impressive number represents an increase of 72% compared to the previous year, as highlighted by the Russian Ministry of Agriculture. This expansion in exports reflects robust growth in global demand, especially from China, which […]
