Inflation should be around 2% by 2025 despite violence in Israel, says ECB's Villeroy
Inflation is still expected to reach the European Central Bank's (ECB) target of around 2% by 2025. This occurs even as violence in Israel affects commodity prices, as ECB official François Villeroy de Galhau said on Tuesday. fair. In an interview with radio franceinfo, Villeroy expressed concern about the evolution […]
ADM and Syngenta team up on oilseed project to meet growing demand for raw material for biofuels
ADM, a global agribusiness giant, has teamed up with Syngenta Group, a Swiss seed and crop protection producer. The objective of the partnership is to increase the availability of next generation oilseeds. These seeds will have low carbon intensity and improved varieties. All of this aims to meet the growing demand for raw materials for biofuels. […]
Elicit Plant is ready to launch a biostimulant to increase sunflower productivity in Europe
French agritech start-up Elicit Plant is about to launch a new product in Europe. The base of this product is phytosterol, and its purpose is to increase sunflower productivity. However, phytosterols are plant-derived lipids that activate plants' physiological defense mechanisms in response to environmental stress. During […]
Europe's olive oil supply is running out after drought
Olive oil supplies in Europe are almost exhausted. This is due to extreme weather that has affected harvests for the second year in a row, as reported by The Guardian. The forecast is for more shortages. Europe – the world's biggest producer – said it is having to import supplies from […]
Russia lifts ban on most diesel exports
Russia's government said on Friday it had lifted a ban on pipeline diesel exports via ports, removing most of the restrictions put in place on September 21. Therefore, restrictions on gasoline exports are still in effect. Diesel is the main petroleum product exported by Russia, with around 35 […]
Monitoring is essential in El Niño harvest
The planted area will reach a record 45.62 million hectares. This represents an increase of 2.5% compared to the previous year. Furthermore, the initial harvest forecast is 163.25 million tons, an increase of 4.5% in relation to the previous harvest. Therefore, El Niño will affect the climate. It will change […]
China's updated soybean standard will take effect from December
The United States Department of Agriculture (USDA) announced in a report that it will implement China's updated soybean standard on December 1. The State Administration for Market Regulation (SAMR) and the Standardization Administration of the People's Republic of China (PRC) published the final version of the National Standard for Soybeans (GB1352-2023) in […]
Canadian government will analyze the Bunge-Viterra merger
The Canadian government is reportedly reviewing the planned acquisition by global agribusiness giant Bunge of Glencore-backed Viterra, according to the country's transport minister, cited by Reuters. Likewise, if the merger goes ahead, it will create one of the largest agribusiness companies in the world, according to the September 27 report. As part […]
More severe El Niño in 2024 could impact energy prices
The consultancy Rystad Energy presented projections indicating a possible more intense El Niño in 2024. This raises concerns about the price of electricity in Brazil and South America. This climatic phenomenon has the potential to modify the rainfall regime. This can directly impact hydroelectric plants. Consequently, it may result in greater triggering […]
