Grains, Seeds, Vegoils & Meals
Dec 02 - Asian Crude Palm-Oil Ends Weak on Demand Worries (Dow Jones)
Asian crude palm-oil prices end lower on Friday as investors mostly stay on the sidelines on concerns of weak demand, as shown by monthly export estimates released Thursday by cargo surveyors Intertek and SGS. However, a decision by the Organisation of Petroleum Exporting Countries to trim crude-oil output will continue to influence palm-oil prices, traders say. Benchmark palm-oil futures for February on the Bursa Malaysia Derivatives Exchange end 3 ringgit (67 U.S. cents) lower at 3,076 ringgit ($689) a ton.
Dec 02 - Canadian wheat, canola crops weather snow, top last harvest
Canada's wheat and canola crops withstood wintry weather that stalled the autumn harvest, and production topped last year's output, according to Reuters' industry survey of 13 analysts and traders.Statistics Canada on Tuesday will issue its final crop production estimates for the 2016/17 marketing year. Click here to read full stories.
Dec 02 - Egypt's wheat reserves sufficient for four months - govt statement
Egypt's supply minister said on Thursday the country's reserves of wheat are sufficient for four months, of sugar for three months and vegetable oils for five months, according to a cabinet statement.The government has said it hopes to accumulate six months worth of reserves for strategic goods. Egypt had suffered from sugar shortages in recent months. Click here to read full stories.
Dec 02 - ADM sells stake in Australia's GrainCorp
U.S. agricultural commodities trader Archer Daniels Midland Co has sold its 19.9 percent stake in GrainCorp Ltd to underwriters UBS just three years after a failed bid to wholly acquire the Australian grain handler, ADM saidon Thursday.The sale to the Swiss bank was valued at A$387 million ($286.92 million), or A$8.53 a share, ADM said. Click here to read full stories.
Dec 02 - Argentina soy weather favorable with 46 pct of crop sown -exchange
Argentine growers have planted 46 percent of the 19.6 million hectares (48.4 million acres) expected to be sown with soybeans in the 2016-17 season with the country's central farm belt enjoying good growing conditions, the Buenos Aires Grains Exchange said on Thursday.Soybean planting advanced 12.3 percentage points over the previous seven days, the exchange said in its weekly crop report. Despite the quick advance in recent days, sowing was 8.4 percentage points behind the previous season's pace. Click here to read full stories.
Dec 02 - EU 2016/17 wheat exports reach 10.2 mln T, 247,000 T this week
European Union soft wheat exports in the 2016/17 season had reached 10.210 million tonnes by Nov. 29, up 9 percent from 9.337 million tonnes exported by the same period last season, official data showed on Thursday.In the latest reporting week, the EU exported 247,000 tonnes of soft wheat, on the basis of a revised week-earlier total of 9.963 million tonnes, the data showed. Click here to read full stories.
Dec 02 - Brazil 2016-17 soybean crop seen at record 103.1 mln tns
Isolated cases of dry weather in recent weeks over Brazil's main grain belt were not enough to spoil the market's optimism about the current 2016-17 crop that will begin harvesting an expected record crop in the coming weeks, a survey showed on Thursday.A Reuters survey of 18 forecasts yielded an average estimate of Brazil's soybean crop at a record 103.1 million tonnes, up slightly from the 102.8 million forecast by a similar poll in late October and surpassing last season's harvest by 7.6 million tonnes. Click here to read full stories.
Dec 02 - Malaysia's IOI Corp to give up some land in deforestation settlement
Malaysian palm oil giant IOI Group said it will abandon some 430 hectares (1,060 acres) of land in Indonesia in part settlement of a dispute over allegations of illegal deforestation and planting.It will continue to cultivate the rest of the land under dispute - about 11,000 hectares - but would not market the palm oil produced as having sustainability certification for a period of about 30 years, the company said in a joint statement with Amsterdam-based green group Aidenvironment. Click here to read full stories.
Dec 02 - Tunisia reports H5 bird flu in wild birds - OIE
Tunisia has reported an outbreak of the highly contagious H5 bird flu virus among wild birds in the north of the country, the World Organisation for Animal Health (OIE) said on Wednesday, citing information from the Tunisian agriculture ministry.The outbreak was confirmed after testing of 30 wild birds found dead last month in the Ichkeul Natural Park, it said. Click here to read full stories.
Dec 02 - Bursa Malaysia CPO Benchmark Hits 4-Year High on Tight Supply (Dow Jones)
The Bursa Malaysia benchmark palm oil contract opened at its highest level since May 2012 as concerns about tight supply in the market continues to drive crude palm oil prices higher. Production in palm oil has been hit particularly in Malaysia as dry conditions associated with El Nino at the start of the year stressed oil palms and reduced the amount of fruit the trees are bearing. The Bursa Malaysia benchmark three-month contract is trading up 13 ringgit at 3091 ringgit a ton. It earlier hit a high of 3106 ringgit a ton.
Dec 02 - Friesland Campina propose 375 €/tonne en décembre (France Agricole)
La coopérative néerlandaise augmente de 45 €/t le prix du lait garanti par rapport à novembre 2016. Cette brusque hausse s’explique par une correction des prix des derniers mois, estimés trop faibles.
Un prix garanti à 375 €/tonne de lait : de quoi faire rêver plus d’un éleveur français ! C’est pourtant bien le prix réel que la coopérative néerlandaise Friesland Campina garantit pour le mois de décembre à ses livreurs. Une hausse de 45 € par rapport à novembre. « L’augmentation est principalement due à une correction de 35 € liée à de trop faibles estimations du prix de référence au cours des derniers mois », détaille-t-elle dans le communiqué diffusé le 28 novembre 2016.
284€/t de moyenne annuelle
La croissance du prix s’explique également par la réduction globale de la production de lait face à une demande stable. La coopérative espère que les prix des commodités continueront à progresser. Cette année, le prix garanti moyen de Friesland Campina sera de 283,8 €/t, contre 306,8 en 2015. Le prix moyen payé était alors de 345 €.
Dec 01 - Asian Crude Palmoil Ends Higher on Crude Oil Deal (Dow Jones)
Asian crude palm-oil future prices end higher on Thursday supported by overnight gains in crude oil prices. A landmark deal was reached late Wednesday by the Organization of the Petroleum Exporting Countries to trim crude oil output that has lifted the overall market sentiment. David Ng, an analyst at Philip Futures in Kuala Lumpur expects palm-oil prices to trade between 2950 ringgit a ton and 3100 ringgit a ton. February contracts trading on the Bursa Malaysia Derivatives Exchange are up 9 ringgit at 3,082 ringgit per ton.
Dec 01 - Russia faces big grain crop, stocks in 2017 – consultancy
Russia is expected to have another big grain crop in 2017, adding to a record crop this year and increasing pressure on prices, SovEcon, a leading agriculture consultancy, told a conference on Wednesday.In the first major industry estimate for the 2017 grain crop SovEcon said Russia's harvest next year could amount to 112.5 million tonnes, the second largest since the collapse of the Soviet Union after this year's record 119.5 million tonnes. Click here to read full stories.
Dec 01 - USDA October soybean crush seen at 175.4 mln bushels
The U.S. Department of Agriculture's monthly report on oilseed crushings will likely show that about 5.262 million short tons, or 175.4 million bushels, of soybeans were processed in October, a Reuters poll of eight analysts showed on Wednesday.Their estimates ranged from 173.5 million to 178.0 million bushels. The median forecast was 175.5 million bushels. Click here to read full stories.
Dec 01 - California seeks long-term water savings as drought lingers
California water regulators on Wednesday recommended tighter oversight of agricultural irrigation and a permanent ban on over-watering urban lawns, a first step toward developing a long-term conservation plan amid ongoing drought.The proposal comes as nearly two-thirds of the state heads into a fifth year of severe drought despite a wet fall and heavy rains last winter that have ameliorated conditions in many areas Click here to read full stories.
Dec 01 - Biofuel producers blast EU for slashing crop-based fuel use
European biofuel producers said a proposal by Brussels to nearly halve the level of crop-based biofuel used in the European Union by 2030 was a U-turn in policy that would threaten jobs and boost animal feed and crude oil imports.The European Commission proposed in a draft law reforming the EU energy market to cap crop-based or so-called first generation biofuels' share of fuels used in transport to 3.8 percent in 2030 from 7 percent in 2021. Click here to read full stories.
Dec 01 - U.S. farm income seen down 17.2 pct in 2016 at 7-year low - USDA
U.S. net farm income is expected to drop for a third consecutive year in 2016, sinking 17.2 percent to $66.9 billiondue largely to weak returns for livestock, dairy and poultry farms, the U.S. Department of Agriculture said on Wednesday.The updated forecast from the agency's Economic Research Service (ERS) was down from its August forecast of $71.5 billion and down 46 percent from record profits for the sector of $123.7 billion in 2013. Click here to read full stories.
Dec 01 - Ukraine reports outbreak of H5 bird flu in backyard birds - OIE
Ukraine reported an outbreak of a highly contagious bird flu virus among backyard birds in the southern part of the country, the World Organisation for Animal Health (OIE) said on Wednesday, citing a report from the Ukrainian government.After veterinary services were informed of an increase in mortality among birds in the village of Novooleksandrivka near the Black Sea, samples were taken from the dead birds and showed a positive result for highly pathogenic H5 avian influenza, the Ukrainian authorities said. Click here to read full stories.
Dec 01 - Pilgrim's Pride to near antibiotics goal early with chicken deal - CEO
Pilgrim's Pride Corp, the world's second-largest chicken producer, will approach a goal it set to curb antibiotics use ahead of schedule due to its planned acquisition of a smaller rival, the company's chief executive said on Wednesday.CEO Bill Lovette said on a conference call that about 24 percent of the chicken Pilgrim's produces will be raised without any antibiotics "some time just after the first quarter of 2017." Click here to read full stories.
Dec 01 - S.Africa's RCL Foods to lay off half of workforce as cheap imports bite
South Africa's RCL Foods will lay off more than half of its workforce after cheaper poultry imports reduced its sales, the head of the firm's Consumer Division said on Wednesday.The poultry industry in South Africa has been battling for survival amid stiff competition from producers in Brazil, the European Union and the United States with industry experts predicting up to 4,000 job losses this year. Click here to read full stories.
Nov 30 - Thai rice exports pick up, will meet 2016 target - commerce ministry
Thailand's rice exports have improved and the country is currently on track to meet its 2016 rice export target of 9.5 million tonnes, the commerce ministry said in a statement on Wednesday. As of Nov. 28, Thailand, the world's second-biggest rice exporter, had exported 9.18 million tonnes, up 8.7 percent from the same period last year, the ministry said. The exports were worth around $4.16 billion, up 3.55 percent from last year.
Nov 30 - Labour abuses found at Indonesian palm plantations supplying global companies -Amnesty
Global consumer companies, including Unilever, Nestle, Kellogg and Procter & Gamble, have sourced palm oil from Indonesian plantations where labour abuses were uncovered, Amnesty International said on Wednesday.Children as young as eight worked in "hazardous" conditions at palm plantations run by Singapore-based Wilmar International Ltd and its suppliers on the Indonesian islands of Kalimantan and Sumatra, Amnesty said in a report. Click here to read full stories.
Nov 30 - Egypt's GASC gets offers from nine suppliers at wheat tender
Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), received offers from nine suppliers at its international wheat purchasing tender on Tuesday, Cairo-based traders said. The lowest offer was $188.74 a tonne free-on-board (FOB) for 60,000 tonnes of Russian wheat, they said. Click here to read full stories.
Nov 30 - China grain output to fall 2.5 pct to 2020 on farmland rehabilitation - planner
China's grain production will fall by 15 million tonnes, or about 2.5 percent, in the five years to 2020, as the government withdraws severely polluted or degraded farmland for rehabilitation, a state planner official said on Wednesday.Under the proposal, some five million hectares of land - about four percent of the country's total arable land - will be taken out of production and either rehabilitated or turned over to forest or grasslands, said Wu Xiao, head of the rural economy division at the National Development and Reform Commission. Click here to read full stories.
Nov 30 - EU soybean crushings in coming months at record high -Oil World
The European Union's soybean crushings for the year to August 2017 are likely to reach record high volumes but Europe's growing soybean harvest will limit import demand, the head of oilseeds analysts Oil World forecast on Tuesday."The main reason for the increased soybean crushings is the tighter supply of soft oilseeds, especially following a poor EU rapeseed crop this summer," said Thomas Mielke, chief executive of Hamburg-based Oil World. Click here to read full stories.
Nov 30 - Set for record crop, Australia wheat suppliers challenge Black Sea rivals
Australian wheat suppliers are poised to regain market share in Asia as the world's No.4 exporter harvests what is likely to be a record crop, threatening to rein in shipments to the region from rival Black Sea producers.Australia has in recent years surrendered some of its share of major wheat markets such as Indonesia, with sellers from Russia and Ukraine offering cheap cargoes. Click here to read full stories.
Nov 30 - Russia to send 100,000 tonnes of wheat in humanitarian aid to Syria
Russia plans to send 100,000 tonnes of wheat in humanitarian aid to Syria this year, government officials said on Tuesday.A source at the agriculture ministry has said Russia has been considering sending around 100,000 tonnes of wheat to Syria from government stocks. Click here to read full stories.
Nov 30 - Pilgrim's Pride to acquire organic chicken line in $350 mln deal
Pilgrim's Pride Corp, the world's second-largest chicken producer, will buy smaller rival GNP Company in a $350 million deal that will increase its organic and antibiotic-free product offerings, the companies said on Tuesday.The all-cash deal helps Pilgrim's, which is mostly owned by meatpacker JBS SA, keep up with a consumer shift toward products perceived to be more natural and healthy. Click here to read full stories.
Nov 30 - Asian Crude Palmoil Ends Higher on Hopes of Oil Production Cut (Dow Jones)
Asian crude palm-oil prices end higher Wednesday on expectations of a cut in oil production at a meeting of the Organisation of Petroleum Exporting Countries. "This will prove positive for energy prices, which in turn will benefit palm-oil," says David Ng, an analyst at Philip Futures. February contracts traded on the Bursa Malaysia Derivatives Exchange are up 23 ringgit to 3,073 ringgit per ton.
Nov 29 - Asian Crude Palmoil Under Pressure but Remains Near High Levels (Dow Jones)
Asian crude palm oil prices came under some pressure Tuesday, but remained at historically high levels supported by low production and reduced stocks. Fitch says in a note that, assuming demand components outside of biodiesel show steady growth, global CPO demand will likely increase by 3 million to 4 million tons in 2017, while output should rebound by around 6 million tons in 2017 after a weak 2016 to outpace demand, as dry weather conditions due to El Nino have dissipated. "The higher output should gradually replenish inventories during 2017, but given current low inventory levels, the effect of higher production on prices should be more visible in 2H17." It adds that overall, it expects CPO prices at around US$660/ton in 2017, slightly lower than current levels of US$670/ton, but better than the 2016 average price of US$635/ton. The Bursa Malaysia palm oil benchmark 3-month palm oil contract ended down 26 ringgit a ton at MYR3051 a ton.
Nov 29 - Russian wheat export prices rise for 10th week in a row
Russian wheat export prices rose for the 10th week in a row last week supported by strong demand for cereals with high protein content, an agricultural consultancy said on Monday.Black Sea prices for Russian wheat with 12.5 percent protein content for December supply were at $184 a tonne on a free-on-board (FOB) basis at the end of last week, up $1 from a week earlier, Russian agricultural consultancy IKAR said. Click here to read full stories.
Nov 29 - Gunvor to pull out of agricultural futures trading
Global commodity trading group Gunvor is set to withdraw from agricultural futures trading which the group does not view as a core activity, the company said on Monday.Gunvor's head of agriculture Oliver Abela is retiring and the agricultural desk, which trades grains and oilseeds futures contracts, will be phased out as it is regarded as a minor activity compared to Gunvor's massive crude oil, oil products and energy trading operations. Click here to read full stories.
Nov 29 - Speculators lift bullish cotton stance to record - CFTC
Speculators hiked their bullish stance in cotton contracts on ICE Futures U.S. to a record high in the week to Nov. 22, as they boosted a bearish bet in cocoa futures and options to the largest since mid-2012, U.S. government data showed on Monday.The dealers again dialed back net long positions in arabica coffee and raw sugar contracts, the weekly Commodity Futures Trading Commission data said. Click here to read full stories.
Nov 29 - Japan orders major poultry cull after first bird flu outbreak in nearly two years
Japan has started culling more than 300,000 chickens and ducks after the discovery of a highly contagious form of bird flu on farms in the north of the country, local officials said.The bird flu outbreaks are the first in nearly two years in Japan and news of the cullings boosted shares in some infection-control product makers. Click here to read full stories.
Nov 29 - Synlait Milk lifts payout forecast as global dairy prices rise
New Zealand's Synlait Milk said on Tuesday it has increased its forecast payout to farmers by 20 percent to NZ$6.00 per kilogram of milk solids (kgMS) for the 2016/17 season, helped by slowing supply."We've kept a close eye on the global dairy market and the trending increase in dairy prices can't be ignored," Chairman Graeme Milne said in a statement. Click here to read full stories.
Nov 28 - Asian Crude Palmoil Reaches Highest Level Since Sep 2012 (Dow Jones)
Asian crude palm oil prices reached their highest level since September 2012 supported by ongoing concerns about ongoing low production in Malaysia and a sharp fall in stock piles of the commodity. Analysts expect palm oil to remain high into 2017, when prices are expected to fall off as production continues to recover from the dry conditions at the start of 2016 and stock piles rebuild. The Bursa Malaysia benchmark three-month contract closes up 44 ringgit a ton at 3076 ringgit a ton. It earlier hit a high of 3079 ringgit a ton.
Nov 28 - French grain maize harvest 98 pct complete by Nov 21 - farm office
French farmers had harvested 98 percent of this year's grain maize crop by Nov. 21, compared with 95 percent a week earlier, farm office FranceAgriMer said on Friday.The latest harvest progress was in line with the 98 percent level seen a year ago, FranceAgriMer added in its weekly crop report. Click here to read full stories.
Nov 28 - Indonesia to halt corn imports by 2018 at latest - minister
Indonesia plans to stop imports of corn by 2018 "at the latest", the agriculture minister said on Monday, amid government efforts to promote domestic production of the grain as part of a broader push for food self-sufficiency.Indonesia's corn imports had risen on demand for its use in animal feed, but government restrictions have cut imports sharply in recent years and bolstered imports of wheat as an alternative. Click here to read full stories.
Nov 28 - Ukraine harvests 61.6 mln T grain from 95 pct area
Ukraine has harvested 61.6 million tonnes of grain from 13.6 million hectares, or 95 percent of its sowing area, as of Nov. 25, Ukrainian agriculture ministry said on Friday.The average yield rose to 4.52 tonnes per hectare from 4.13 tonnes a year earlier, it said in a statement. Ukraine had harvested 59.4 million tonnes of grain by the same date in 2015. Click here to read full stories.
Nov 28 - Bangladesh raises local rice purchase price
Bangladesh raised the price the government will pay to farmers for the upcoming season's rice to 33 taka ($0.42) a kilogram, up from 31 taka a year ago, the food minister said on Sunday.The government will buy 300,000 tonnes of rice from local farmers starting from Dec. 1, Mohammad Kamrul Islam told reporters."The purchase will boost our reserves as well as ensure a fair price for farmers," he said. Click here to read full stories.
Nov 28 - Dutch destroy 190,000 ducks in first bird flu cull
Some 190,000 ducks were destroyed on Saturday at six farms in the Netherlands following an avian flu outbreak, the country's first cull of an epidemic sweeping northern Europe.Outbreaks of avian flu, primarily the highly pathogenic H5N8 strain, have been reported in Denmark, Finland, Germany and Sweden over the past week. Click here to read full stories.
Nov 28 - Russia to decide on swine fever quarantine next week
Russia will decide next week whether to impose a quarantine on pig farms in the southern region ofKrasnodar, a measure that could ultimately affect some grain exports, due to outbreaks of highly contagious African Swine Fever (ASF), the head of Russia's food safety watchdog said on Friday.Russia, the world's second-largest wheat exporter, is considering the quarantine due to 10 incidents this month of ASF in the region, which is one of its key areas for grain exports via the Black Sea. Click here to read full stories.
Nov 28 - Norway salmon price seen rising to 65-66 crowns next week
The average price of Norwegian farmed salmon is expected to rise by around 2 crowns per kilo to 65-66 crowns next week as output may fall, industry sources told Reuters on Friday. In the current week, prices fell by about 3 crowns to 63-64 crowns per kilo, a somewhat larger-than-expected drop."It seems there will be less volume next week.... Prices are around 63-64 crowns this week while we expect a rise to 65-66 next week," a producer who declined to be named told Reuters. Click here to read full stories.
Nov 28 - India confirms H5N8 bird flu outbreak in Karnataka - OIE
India has reported an outbreak of a highly contagious bird flu virus in the southwestern state of Karnataka, the World Organisation for Animal Health (OIE) said on Friday, citing a report from the Indian agriculture ministry.The H5N8 virus was confirmed among birds in the village of Itagi, and all 1,593 of the birds at risk from the disease died or were culled, according to the report posted by the Paris-based OIE. Click here to read full stories.
Nov 25 - Asian Crude Palmoil Ends Higher on Expected Production Drop (Dow Jones)
Asian crude palm-oil prices end Friday's trading session slightly higher amid bullish sentiment and an expected fall in palm-oil output. This comes despite weak export performance. Malaysia's palm oil exports during November 1-25 are estimated down 10.3% on month at 895,077 metric tons, cargo surveyor SGS (Malaysia) said. Another surveyor, Intertek Agri Services, estimated exports to have fallen 9.6% from the previous month. However, the palm-oil prices ended in green as industry experts at a palm-oil event in Indonesia said production is anticipated to fall in the first quarter of 2017. David Ng, an analyst at Philip Futures, expects prices to trade between 2950 ringgit a ton and 3080 ringgit a ton in the next couple of days. Benchmark palm-oil futures for February on the Bursa Malaysia Derivatives Exchange last traded 24 ringgit higher at 3,028 ringgit per ton.
Nov 25 - Record crops to send grain stocks to all-time peak - IGC
Global grain stocks are expected to surpass 500 million tonnes for the first time at the end of the 2016/17 season, the International Grains Council said on Thursday, raising its forecasts for both corn and wheat production.The inter-governmental-body, in a monthly update, put total grain carryover stocks at the end of the season at 504 million tonnes, up from a previous projection of 498 million and the prior season's 475 million tonnes. Click here to read full stories.
Nov 25 - EU soft wheat exports reach 9.4 mln T by Nov. 22
The European Union exported 481,000 tonnes of soft wheat in the week to Nov. 22, taking the total so far in the 2016/17 season that started on July 1 to 9.4 million tonnes, official data showed on Thursday.The cumulative volume so far in 2016/17 was 9 percent above the year-earlier level. Click here to read full stories.
Nov 25 - Argentina seen planting 20.22 mln hectares in 2016/17 soy - gov't
Argentine soy planting is expected to fall to 20.22 million hectares (49.96 million acres) this season from 20.6 million hectares in the previous crop year, the agriculture ministry said on Thursdays, as farmers respond to government incentives to plant more wheat.The 2016/17 wheat harvest is expected to boom to 14.9 million tonnes from 11.3 million tonnes in 2015/16, the ministry said in its monthly crop report. President Mauricio Macri eliminated wheat and corn export taxes and trade curbs soon after taking office a year ago. Click here to read full stories.
Nov 25 - Egyptian importers nursing losses after currency float want a bailout
Huddled in the Radisson Blu hotel on the outskirts of Cairo last week, some of Egypt's top wheat traders talked damage control: they had lost more than $1 billion since the country floated its currency and now they wanted to be bailed out.Egypt took markets by surprise on Nov. 3 when it abandoned its peg to the U.S. dollar in a move aimed at attracting capital inflows and ending a currency black market that had all-but displaced the banks. Click here to read full stories.
Nov 25 - Lower palm oil output into early next year likely to support prices
Lower output of palm oil into early next year and tight supplies of rival soybean oil are likely to bolster prices for the tropical product in the short term after they hit a four-year high this week.Higher mandates for biodiesel production in the United States and Indonesia will further squeeze inventories of palm oil, used in products ranging from candy to cosmetics and cooking oil. Click here to read full stories.
Nov 25 - Saudi Ma'aden seen ramping up phosphate output from Waad al-Shamal in 2017
Saudi Arabian Mining Co (Ma'aden) will ramp up production of phosphate from its new Waad al-Shamal facility by mid-2017, its chief executive said, as the kingdom seeks more cash from non-oil sources.Once at full capacity in 2019, the complex will roughly double Saudi's production of the material, primarily used as a fertiliser, to 6 million tonnes a year - putting it joint-sixth globally, according to 2014 estimated production data from the U.S. Geological Survey. Click here to read full stories.
Nov 25 - China to start auctioning cotton reserves in March 2017
China will start annual sales of cotton from its state reserves in March next year, the National Development and Reform Commission (NDRC), the country's top economic planner, said on Thursday, confirming plans outlined last month.The sales will commence on March 6, 2017, and will offer 30,000 tonnes of cotton per day, the NDRC said, with auctions continuing until end of August. Click here to read full stories.
Nov 25 - Russia warns of quarantine if swine fever spreads in south
Russia's food safety watchdog said on Thursday it would have to introduce a quarantine that could hit agricultural exports if there were more outbreaks of African Swine Fever (ASF) at pork breeding facilities in the southern Krasnodar region.The watchdog said on its website a quarantine could affect, for example, grain exports. Analysts said this would be due to concerns ASF - a highly contagious haemorrhagic fever among pigs - could be transmitted via animal feed. Click here to read full stories.
Nov 25 - S.Korea issues temporary nationwide standstill order to contain bird flu
South Korea's agriculture ministry said on Friday a temporary nationwide standstill order for poultry farms and related transport will take effect over the weekend in a bid to contain a wider spread of H5N6 bird flu, a severe strain of the disease.The Ministry of Agriculture, Food and Rural Affairs said in a statement that the movement control order will be put in place for 48 hours, effective from 1500 GMT on Friday - midnight in South Korea. Click here to read full stories.
Nov 25 - Prix du lait, la Confédération paysanne porte plainte (France Agricole)
Le syndicat a mené une série d’actions ce jour dans différents départements. Il a remis des dépôts de plainte ou des cahiers de doléances aux représentants de l’État, à l’encontre des industriels laitiers « coupables d’extorsion ».
Dans le Puy-de-Dôme, une cinquantaine d’éleveurs ont déposé plainte au tribunal de grande instance (TGI) de Clermont-Ferrand contre Lactalis et Sodiaal pour « extorsion » ce jeudi 24 novembre 2016. L’objectif est de « rendre visible le rapport de force entre l’industrie et les producteurs de lait », explique le syndicat.
Des paysans exclus des décisions
« Il s’agit de mettre en exergue le prix du lait, précise Ludovic Landais, porte-parole de la Conf’63, et de faire ressortir plusieurs problèmes : une rémunération du lait inférieure aux coûts de production, un niveau de prix qui n’est pas connu par l’éleveur avant la livraison, certains détails des contrats, comme celui de Lactalis qui stipule que les éleveurs qui portent préjudice à l’image de l’entreprise peuvent être exclus de la collecte, et la régulation des volumes, où l’on voit bien que ce sont les fermes les plus petites et les plus isolées qui servent de variable d’ajustement. Nous dénonçons le comportement des multinationales, et de la pensée unique. Ce sont eux qui élaborent la politique agricole, et les paysans n’ont pas leur mot à dire. »
Les privés comme les coopératives
Dans les Côtes-d’Armor, 50 éleveurs se sont également retrouvés devant le TGI de Saint-Brieuc, ce matin. Un dépôt de plainte à l’encontre des principaux collecteurs du département a été fait : en ligne de mire, Triskalia, Even, Laïta, Sodiaal et Sodiaal International, et Lactalis. Une délégation de cinq personnes a ensuite été reçue par le procureur de la République, à qui avait été demandé rendez-vous.
« Nous avons été bien reçus, et écoutés, rapporte Isabelle Connan, qui faisait partie de la délégation. Le procureur nous a dit qu’il allait étudier notre plainte et auditionner les laiteries, avant de voir les suites à donner. » Pour elle, le problème de fond vient d’une absence d’organisations de producteurs (OP) suffisamment fortes pour peser face aux industriels dans les négociations. Elle estime que les évolutions apportées par la loi Sapin 2 ou le paquet lait sont insuffisantes, et qu’une OP territoriale qui reprendrait en main la gestion des volumes et la négociation des contrats est la seule issue.
Le Finistère, la Mayenne, la Loire-Atlantique, mais aussi la Loire, le Tarn-et-Garonne, la Haute-Garonne ont également déposé plainte, manifesté ou remis un cahier de doléances au préfet en ciblant des industriels laitiers (Sodiaal et Lactalis, mais aussi Danone). Dans le Finistère, le dépôt de plaintes concernait la SILL, Lactalis, Sodiaal, Even, Triskalia et la CLAL. L’Aude et le Rhône, eux, ont ciblé les entreprises viticoles.
« Le délit est clairement identifiable »
Ces actions font suite à une action menée en février par la Confédération paysanne de l’Aveyron contre Lactalis, à l’issue de laquelle l’industriel avait porté plainte… Et la Confédération paysanne a fait de même en retour, avançant déjà la notion d’extorsion. « Puisque les entreprises payent en dessous des coûts de production tout en continuant à faire des bénéfices considérables, le délit est clairement identifiable », souligne le syndicat.
Nov 24 - Big Corn beats Big Oil as U.S. hikes 2017 biofuel targets
The U.S. government will require energy companies to use a record amount of biofuel next year, a victory for Midwest farmers that supply ethanol makers over oil firms that say using more biofuels in gasoline and diesel is costly and unachievable.The Renewable Fuel Standard (RFS) program, signed into law by President George W. Bush in 2005, was designed to curb greenhouse gas emissions, promote energy independence and boost rural economies by raising demand for biofuels. Click here to read full stories.
Nov 24 - Australian looks to uncork supply chains to cash in on Asian dining boom
Australia's Prime Minister Malcolm Turnbull said on Thursday his government will develop a plan to uncork freight and supply chain blockages that threaten to prevent local exporters from capitalising on Asia's dining boom.Australia is one the world's largest agricultural exporters, with shipments hitting a record A$44.5 billion ($32.83 billion) last year, according to government statistics. Click here to read full stories.
Nov 24 - China to merge state cotton reserves manager with stockpiler Sinograin
China will merge the firm that manages its cotton reserves with state grains stockpiler Sinograin, the country's state assets supervisor said on Wednesday, as part of a major reform of state-owned enterprises (SOEs).Beijing's far-reaching restructuring of the lumbering and uncompetitive state enterprises has been spurred by weak global demand that has dragged on economic growth. Click here to read full stories.
Nov 24 - Canada may ban farm pesticide that harms midges, mayflies
Canada may ban an insect-killing chemical used to protect crops because it harms aquatic bugs, including midges and mayflies, while the government continues to investigate whether imidacloprid poses a risk to bees.Imidacloprid, made by Bayer AG, should be phased out within five years, the Pest Management Regulatory Agency (PMRA) said on Wednesday. Click here to read full stories.
Nov 24 - Potash Corp cuts jobs, Canadian potash output as prices sag
Fertilizer maker Potash Corp of Saskatchewan Inc said on Wednesday that it was reducing jobs and output at one Canadian mine and temporarily curtailing production at two others as the sector struggles with weak prices.The company said it would cut production at its Cory, Saskatchewan, mine to 0.8 million tonnes a year from 1.4 million, resulting in a reduction of 100 jobs and 40 temporary positions starting in February. Click here to read full stories.
Nov 24 - Deere shares leap after earnings beat on pricing, costs
Shares of Deere & Co jumped 11 percent to an all-time high on Wednesday after stronger pricing and cost cuts allowed the agricultural and construction machine manufacturer to beat quarterly earnings expectations.Factors ranging from machinery pricing to lower overheads spending helped Deere report a much smaller-than-expected decline in quarterly earnings during the recession in the global farm sector, CFO Raj Kalathur said on a conference call. Click here to read full stories.
Nov 24 - Hot, dry weather could hit recovery in Australia cattle industry
Hot, dry weather is expected to hit Australia's largest cattle producing region over the next three months, potentially curbing the beef industry's recovery from multi-year drought in the world's No.4 exporter of the meat.The Australian Bureau of Meteorology on Thursday said the country's east coast had an 80-percent chance of above average temperatures in the coming three months, with just a 35-percent chance of exceeding average rainfall. Click here to read full stories.
Nov 24 - Lower grain prices brighten poultry firm LDC's profit outlook
French poultry group LDC expects its operating profit for the 2016/2017 financial year to rise 5 percent due to a drop in grain costs, it said on Wednesday.France's largest poultry processor warned in May, when grain prices were trading at multi-month highs, that it could post a slight fall in first-half results. But a reversal on the grain markets due to ample global supplies helped it post higher interim results on Wednesday. Click here to read full stories.
Nov 24 - Asian CPO Ends Higher on Expectations of Better Demand (Dow Jones)
Asian crude palm-oil prices continue the upward march on hopes of improved demand and a fall in production. Market watchers are hoping exports will be better as cargo surveyors get ready to release monthly palm-oil export estimates on Friday. Analysts are also hoping a fall in palm-oil production will lift the mood of the market. Benchmark palm-oil futures for January on the Bursa Malaysia Derivatives Exchange last traded 49 ringgit higher at 3,003 ringgit per ton at the end of the trading day Thursday.
Nov 24 - Le commerce mondial des produits laitiers subit des « vents contraires » ( Rabobank/ France Agricole )
Le commerce des produits laitiers affronte des vents contraires depuis trois ans, et cela devrait se poursuivre à l’avenir, résume la banque néerlandaise Rabobank, dans un rapport publié le 16 novembre.
Parmi ces coups portés à la filière, l’embargo russe, le ralentissement de la croissance chinoise (qui se réoriente vers des produits à plus forte valeur ajoutée), l’impact des faibles prix du pétrole sur le pouvoir d’achat des pays exportateurs de pétrole et un dollar fort ont tous eu un impact sur la demande, énumère la banque. L’accroissement de la production européenne faisant suite à la fin des quotas laitiers a ajouté aux difficultés.
Des hausses de prix à long terme « probablement limitées »
En 2015, le commerce a enregistré une maigre hausse de 0,3 % par rapport à 2014. Et au cours des trois prochaines années, la croissance du commerce des produits laitiers diminuera légèrement, prédit la banque. Résultat : une période de prix mondiaux extrêmement bas. Pour la Rabobank, ce contexte mondial signifie que « même si la volatilité des prix est susceptible de se poursuivre, les hausses de prix à long terme seront probablement limitées ».
Croissance difficile des exportations
Pourtant, à un moment où la demande mondiale est plus faible, des difficultés pèsent sur la croissance des exportations. Actuellement, l’expansion de la Nouvelle-Zélande est limitée par la disponibilité des terres, la production européenne se stabilise et les ambitions exportatrices des États-Unis sont limitées par une demande intérieure dynamique et un dollar fort. Le commerce de produits laitiers devrait également rester dominé par des routes régionales plutôt que mondiales. L’Asie est l’exception, âprement disputée par les exportateurs du monde entier. Mais à la suite de l’élection de Donald Trump, l’incertitude plane sur les renégociations ou les annulations des accords commerciaux internationaux.
« Mais peut-être même plus que ces dernières années, nous vivons dans des temps incertains où la nouvelle administration américaine, les relations incertaines avec la Russie, l’incertitude au Moyen-Orient, la performance économique chinoise, le Brexit, et le sort du TPP et TTIP (1) peuvent avoir un effet majeur sur le commerce des produits laitiers », conclut la Rabobank sur une note géopolitique pessimiste.
Nov 23 - Asian Crude Palmoil Ends Higher, Aided by a Weaker Ringgit (Dow Jones)
Asian crude palm-oil prices ended higher on Wednesday, boosted by a weaker ringgit and a firmer cash market. "A weaker ringgit is likely to boost demand for palm-oil in the short-term," says David Ng, an analyst at Philip Futures. He says prices will be range-bound between 2850 ringgit a ton and MYR2980 a ton in the next few days. Investors will also be watching out for the monthly export estimates to be released later this week. The Bursa Malaysia three-month benchmark palm oil contract last traded up MYR26 a ton at MYR2954 a ton.
Nov 23 - CME eyes adding St. Louis delivery point for corn futures
The CME Group Inc is considering adding a delivery point for its corn futures contracts in St. Louis, Missouri, and has delayed listing new contracts from a Dec. 14 kick-off until it makes a decision, the exchange said on Tuesday.If approved, St. Louis would be the southernmost delivery point and provide new options for farmers and traders along the lower Illinois River and the Mississippi River, said Fred Seamon, the CME's senior director of commodity research and product development. Click here to read full stories.
Nov 23 - EU considering halving crop-based biofuels by 2030 - draft
The European Commission is considering halving the maximum amount of crop-based biofuels used in transport after 2020 over concerns they increase rather than reduce carbon emissions, according to a draft seen by Reuters.While they reduce reliance on fossil fuels, crop-based biofuels are made from agricultural products such as sugar or rapeseed oil that could otherwise be used for human consumption or animal feed, leading to criticism that they cause indirect changes in land use. Click here to read full stories.
Nov 23 - South Africa maize farmers expected to plant 35 pct more than last season
South African farmers intend to plant 35 percent more hectares of maize than last season as improved weather conditions encourage them to sow, a Reuters poll showed on Tuesday.South Africa's Crop Estimates Committee (CEC) is expected to forecast the planted area at 2.62 million hectares, 35 percent higher than 1.947 million hectares planted last year, according to an average estimate of five trading houses polled by Reuters. Click here to read full stories.
Nov 23 - Syria tells Russia it needs fuel and wheat, wants more trade
Syria needs wheat and fuel to alleviate shortages and suffering caused by its civil war and wants to expand trade ties with Russia, the Syrian government told a high-level Russian delegation on Tuesday.An ally of Syrian President Bashar al-Assad, Russia launched air strikes to support his forces against anti-government rebels last September. The conflict, which is in its sixth year, has cost hundreds of thousands of lives and caused food and fuel shortages in many areas. Click here to read full stories.
Nov 23 - Indonesia 2017 wheat imports set to rise on corn restrictions
Indonesia's imports of wheat for animal feed could jump by about 36 percent to 3 million tonnes in 2017, an industry association said, if the government pushes forward with efforts to restrict corn imports.Indonesia has emerged as the world's second-largest wheat importer and its imports of the grain spiked this year after the country imposed tighter rules on corn imports.. Click here to read full stories.
Nov 23 - Campbell Soup's profit beats on lower costs
Campbell Soup Co, the world's largest soupmaker, reported a better-than-expected quarterly profit as the company kept a lid on costs, sending its shares up more than 5 percent on Tuesday.The company, which also sells Pepperidge Farm snacks and Prego pasta sauce, had initiated a restructuring and cost-saving drive last year to prepare itself for changing consumer trends that were affecting the food industry. Click here to read full stories.
Nov 23 - India to disburse $3.07 bln to farmers - official
The Indian government has allowed a state-run lender to disburse 210 billion rupees ($3.07 billion) to farmers to help them sow winter crops such as wheat, a top finance ministry official told reporters on Wednesday.Shaktikanta Das, economic affairs secretary, said the National Bank for Agriculture and Rural Development (NABARD) will disburse the money through farm cooperatives.Small farmers get 40 percent of their credit from cooperative banks, Das said. Click here to read full stories.
Nov 23 - Russia's Putin: will keep Western food ban as long as possible
Russia will make sure that its ban on some food imports from the West lasts as long as possible, President Vladimir Putin said on Tuesday.Russia banned imports of some fresh food from countries that imposed sanctions over Moscow's role in the Ukrainian crises in 2014. Click here to read full stories.
Nov 22 - Asian Crude Palmoil Ends Up, Guided by Rival Oils (Dow Jones)
Asian crude palm-oil prices ended Tuesday's trading session marginally higher, tracking gains in rival soy oil. Soybean oil is used as a substitute for palm oil, so the prices often move together. Market watchers are hoping that demand for palm oil will improve, as cargo surveyors Intertek Agri Services and SGS get ready to release data later this week. On Monday, monthly estimates released by Intertek Agri Services showed Malaysia's palm oil exports during the Nov. 1-20 period falling 8.25% from the previous month to 734,800 metric tons while SGS (Malaysia) Bhd. showed exports down 9.4% on month to 730,257 metric tons. David Ng, an analyst at Kuala Lumpur-based Philip Futures, expects palm oil prices to trade between 2,800 ringgit per ton and MYR2980/ton. The Bursa Malaysia three-month benchmark palm oil contract last traded up 11 ringgit at MYR2930 ringgit a ton.
Nov 22 - EU winter cereals not at risk despite tough sowing - MARS
The European Union has experienced some delays in sowing and emergence of winter cereals, but the situation is more favourable than for rapeseed, which has be severely affected by dry weather, the EU's crop-monitoring service said on Monday.Autumn sowing of soft wheat and barley was partly hindered by the dryness that disrupted earlier rapeseed planting in northwestern Europe while also facing excessive rain and lower than usual temperatures in some countries, the MARS service said in a monthly crop report. Click here to read full stories.
Nov 22 - Russia's slow grain exports raise doubts over 2016/17 forecast - SovEcon
Russia's grain exports remain slow so far for the marketing year which began on July 1, the SovEcon agriculture consultancy said on Monday, raising doubts about whether SovEcon's full-year forecast for 2016/17 will be met.The world's leading wheat exporter needs to raise 2016/17 grain exports by 5 million tonnes from the previous season to achieve SovEcon's forecast of 39 million tonnes and to avoid the record 2016 crop putting downwards pressure on domestic prices. Click here to read full stories.
Nov 22 - China grain buyers turn abroad as local suppliers fail to keep on trucking
A surge in Chinese corn prices after the government clamped down on the overloading of trucks has boosted demand for cheaper feed grains like sorghum and barley from top exporters the United States and Australia.Beijing launched a nationwide crackdown on overloading lorries in late September, hitting supplies of corn which usually have to be transported around the country from northern growing regions. Click here to read full stories.
Nov 22 - Philippines hopes to limit rice imports to 500,000 T in 2017
The Philippines hopes to limit rice imports to 500,000 tonnes next year, its agriculture minister said on Tuesday, as the government of President Rodrigo Duterte aims to be self-sufficient in rice production by 2020.Agriculture Secretary Emmanuel Pinol said he hoped the Philippines, one of the world's biggest rice importers, would not have to buy more than 500,000 tonnes of the grain next year as the prospects for farm output, including rice and fisheries, looked favourable. Click here to read full stories.
Nov 22 - Cash crunch puts brake on India's cotton exports; rivals to gain
Exports of 1 million bales of cotton from top producer India have been delayed after a government move to ban high-value currency notes prompted farmers, who prefer cash payments, to postpone sales, industry officials told Reuters.The supply crunch has driven up prices in India to levels higher than in the global market and could force buyers to switch to other producers like the United States, Brazil and African countries. It could also curb India's total exports in the 2016/17 year marketing year that started on Oct. 1. Click here to read full stories.
Nov 22 - Tyson Foods shares dive on CEO departure, dim 2017 forecast
Tyson Foods Inc shares tumbled more than 14 percent on Monday after the nation's biggest meat processor forecast lower-than-expected 2017 profit and said well-regarded Chief Executive Officer Donnie Smith would step down at the end of the year.Smith's departure surprised some on Wall Street, who regard him as the company's most successful CEO. Click here to read full stories.
Nov 22 - Smithfield Foods to buy Farmer John from Hormel
Smithfield Foods said it would buy parent of the Farmer John and Saag's Specialty Meats brands, and farm operations in three U.S. states from Hormel Foods Corp for $145 million in cash.Smithfield will buy Clougherty Packing as well as hog farm operations under PFFJ, or Pigs for Farmer John, in California, Arizona and Wyoming, expanding its supply chain in the United States. Click here to read full stories.
Nov 21 - Asian Crude Palmoil Ends Higher on Expectation of a Drop in Production (Dow Jones)
Asian crude palm-oil prices rise on hopes of a fall in production, despite lackluster export performance. Malaysia's palm-oil exports during November 1-20 were estimated to have fallen 8.25% from the previous month at 734,800 metric tons, according to figures released by cargo surveyor Intertek Agri Services on Monday. A Kuala Lumpur-based trader says prices were helped by price gains for rival oils trading on the Chicago Board of Trade and China's Dalian Commodity Exchange. However, weak demand from India due to its ongoing cash crisis might further affect exports, the trader adds. The Bursa Malaysia three-month benchmark palm oil contract last traded up 52 ringgit a ton at 2921 ringgit a ton on Monday.
Nov 21 - Ukraine 2016 grain harvest to hit record 64 mln T - minister
Ukraine's 2016 grain harvest will hit a record high 64 million tonnes, agriculture minister Taras Kutovy said on Friday, higher than an earlier estimate of 63 million."This year we will have an all-time high grain harvest of 64 million tonnes with a yield of 4.4 tonnes per hectare," Kutovy said at an agricultural conference. Click here to read full stories.
Nov 21 - EU wheat exporters eye euro to help offset bad French crop
The euro's slide to a one-year low against the U.S. dollar could lend a hand to EU wheat exports weakened by France's poor 2016 harvest and let Germany grab extra sales in major markets such as Algeria and Saudi Arabia, traders and analysts said.Wheat shipments from the European Union are tipped to fall sharply this season after top producer France suffered its worst crop in three decades, limiting exportable supply from the EU just as competition is stiffened by big harvests in Russia and the United States. Click here to read full stories.
Nov 21 - Cash crunch chokes off India palm oil imports
India's palm oil imports are expected to slip next month by up to a fifth, including from the top two producers Indonesia and Malaysia, as New Delhi's removal of high-value rupee notes from circulation disrupts distribution systems and curbs demand.Traders in Malaysia, India's largest palm oil supplier taking up half of its imports last year, say the absence of the large bills has already impacted sales. Indian buyers are delaying shipments and cancelling vessel space bookings, and the traders expect them to hold back further in the month ahead. Click here to read full stories.
Nov 21 - Tax breaks to spur Ivory Coast exporters to process cashews
Ivory Coast, the world's leading producer of cashew nuts, has added bonus payments to existing tax breaks to drive a rapid expansion in local processing of the crop, company and government officials said on Friday. Already the world's top cocoa grower, Ivory Coast more than doubled its cashew output from 350,000 tonnes in 2009 to over 702,000 tonnes last year when it surpassed India in terms of raw production. Click here to read full stories.
Nov 21 - Morocco's OCP and Ethiopia sign large fertiliser plant deal
Morocco's Office Cherifien des Phosphates (OCP), the world's largest phosphate exporter, signed a deal with Ethiopia on Saturday to build a $3.7 billion plant to produce fertilisers.The North African country's firms, including banks and insurers, have invested heavily in Sub-Saharan Africa in the past few years. Last month, OCP signed an agreement with Rwanda to build a blending unit. Click here to read full stories.
Nov 21 - French farmers close to finishing maize harvest, wheat sowing
French farmers have almost finished harvesting this year's grain maize crop and sowing soft wheat for next year's harvest, data from farm office FranceAgriMer showed on Friday.Some 95 percent of the grain maize area had been harvested by Nov. 14, compared with 89 percent a week earlier and matching harvest progress at the same date last year, FranceAgriMer said in a weekly crop report. Click here to read full stories.
Nov 21 - Andersons testing corn for vomitoxin at Indiana ethanol plant -website
The Andersons Inc said it was testing every delivery of corn for vomitoxin from Monday at its ethanol plant near Clymers, in central Indiana, according to a company website on Friday.Vomitoxin, a plant toxin, can sicken animals and humans if eaten in large quantities. Its presence can be concentrated if infected corn is used to produce the ethanol byproduct of distillers' grains, an animal feed. Vomitoxin typically results from fungus that thrives when there is excess rain during corn's growing season. Click here to read full stories.
Nov 19 - 1 000 € pour les producteurs laitiers en difficulté (France Agricole)
En décembre, 23 000 éleveurs de bovins lait toucheront un acompte de 1 000 €, a annoncé vendredi Stéphane Le Foll. Sont concernés ceux dont les difficultés avaient été examinées en cellule d’urgence. Pour le secteur de la viande, une aide de 150 € par jeune bovin mâle « léger » commercialisé en janvier ou février 2017 sera mise en place.
C’est une nouvelle aide qui a été annoncée par le ministre devant la presse, lors d’un point d’étape sur la mise en œuvre du plan de soutien aux agriculteurs le 18 novembre. Stéphane Le Foll a annoncé le versement de 1 000 € à l’ensemble des producteurs de lait en difficulté d’ici à la fin de l’année. Ils devraient être 23 000 identifiés dans les cellules d’urgence à en bénéficier. Des réajustements pourront avoir lieu en début d’année. Il est à noter que cette aide n’est pas en lien avec celle à la réduction laitière, et ne concerne pas forcément les mêmes éleveurs. Un budget autour de 23 M€ y sera consacré, pris sur l’enveloppe de 100 M€ (49,9 M€ de l’UE + complément national de 49,9 M€).
Nov 18 - Asian CPO Prices End Tad Lower as Oil Falls (Dow Jones)
Bursa Malaysia palm oil prices ended the session slightly lower Friday following weakness in the crude oil markets. Further weighing on the market are concerns that India's cash crisis will result in a fall in imports from India, which is an important market for palm oil. The Bursa Malaysia 3-month benchmark palm oil contract ended down 7 ringgit a ton at 2869 ringgit a ton.
Nov 18 - Indian farmers fear lost crops and income after "black money" move
For Indian farmer Buddha Singh, who works a small plot of land in the village of Bajna south of New Delhi, the government's decision to abolish 500 and 1,000 rupee bank notes to crush the shadow economy could hardly have come at a worse time. He and millions of other farmers cannot get enough cash to buy the seeds and fertilisers they need for their winter crops, threatening production of key commodities and hurting rural communities only just recovering after two years of drought. Click here to read full stories.
Nov 18 - Informa raises US 2017 soy area forecast, cuts wheat -trade
Private analytics firm Informa Economics raised its projection of U.S. 2017 soybean plantings and trimmed its corn plantings forecast, two trade sources said on Thursday. The sources, who requested anonymity, said the firm also lowered its estimate of U.S. winter wheat plantings for harvest in 2017 to 33.761 million acres, from 35.421 million previously. Click here to read full stories.
Nov 18 - Black Sea region completes winter wheat sowing, with mixed results
Major Black Sea grain producers Ukraine and Russia have almost completed winter sowing, with Russia benefiting from good weather conditions whereas cold temperatures pose risks to Ukraine's crop, analysts and traders said. Favourable weather conditions in Russia have allowed farmers to increase the sowing area and they expect a good harvest, while poor weather in Ukraine has raised concerns about grain output next year. Click here to read full stories.
Nov 18 - China to lift grain output 10 pct by 2020, tackle rural pollution
China is aiming to increase its grain production capacity by 10 percent by 2020, even as it seeks to halt excessive use of fertiliser and pesticides and promote a more environmentally friendly farm sector. Ensuring self-sufficiency in major food crops is a top priority for China, the world's most populous country, but the government is also under pressure to tackle severe pollution plaguing its rural areas. Click here to read full stories.
Nov 18 - Indonesia palm output, exports likely rose in Oct
Indonesia's crude palm oil (CPO) output likely rose for a sixth month in October while exports were seen rising as buyers build up inventories. CPO production likely increased by 5.6 percent to 3.06 million tonnes, according to the median estimate in a survey of three industry associations and a state palm research firm. Click here to read full stories.
Nov 18 - S.Korea confirms highly pathogenic bird flu outbreaks, ramps up quarantine
South Korea has confirmed the country's first outbreaks of the highly pathogenic H5N6 bird flu virus and has ramped up quarantine measures in response, agriculture ministry officials said on Friday. The outbreaks occurred at two poultry farms in the central and southern parts of the country after the ministry reported last week that the H5N6 strain of the virus had been found in the faeces of migratory birds. Click here to read full stories.
Nov 18 - Fonterra lifts farmgate milk forecast to NZ$6 as global dairy prices recover
Dairy co-operative Fonterra, said on Friday it was lifting its forecast farmgate milk payout to NZ$6 per kilogram of milk solids (kgMS) as falling milk production boosted global dairy prices. Global dairy prices have risen more than 50 percent since July, prompting the New Zealand dairy giant to raise the forecast payout for the current season from a previously predicted NZ$5.25 kgMS. Click here to read full stories.
Nov 18 - CME to amend livestock futures options minimum listed range of exercise prices
CME Group plans to amend rules governing minimum listed range of option exercise prices for its livestock options contracts to reflect a percentage range relative to the options exercise values closest to the settlement price of the previous day's underlying futures contract, the exchange said on Thursday. The new rule will be effective Dec. 18 for trade date on Monday Dec. 19, the CME said. Click here to read full stories.
Nov 18 - Les éleveurs attendent mieux de Sodiaal (AFP-France Agricole)
La FDSEA et JA (Jeunes agriculteurs) de la Sarthe et de la Mayenne, à l’origine de la mobilisation, réclament une hausse du prix du lait à l’heure où « les marchés montrent enfin des signes de reprise » et « où la plupart des entreprises ont répercuté ce frémissement sur le prix du lait des derniers mois de l’année », peut-on lire dans leur communiqué.
Si Sodiaal a décidé il y a quelques jours, faisant suite à l’annonce de la manifestation, d’augmenter son prix de 10 €/1 000 l pour décembre, «nous sommes encore loin du compte », dénoncent les syndicats agricoles. « Nous attendons mieux. Comment une coopérative, appartenant donc aux producteurs de lait, peut-elle si mal rémunérer et considérer ses apporteurs de capitaux ? » s’interrogent les éleveurs laitiers, jugeant « impossible d’envisager une année 2017 similaire à 2016 et 2015 ».
Première coopérative laitière de France, Sodiaal est propriétaire des marques Candia, Yoplait et Entremont. Elle a réalisé 5 milliards d’euros de chiffre d’affaires l’an dernier. Pour tenir compte d’un « environnement économique difficile », elle a lancé en février un plan d’économies de 41 millions d’euros, qui porte notamment sur l’optimisation des achats.
Nov 18 - Asian Crude Palm Oil Tad Lower, Range Trade Continues (Dow Jones)
Asian crude palm oil prices drop slightly as prices have continued to range trade over the week as they look for new drivers. Palm oil prices have remained around historically high levels over the last few weeks as concerns remain about lower production and smaller-than-normal stock piles. The next key event for the market will be the release of export estimate data on Monday for the first 20 days of November. The Bursa Malaysia benchmark three-month contract is trading down 10 ringgit at 2866 ringgit a ton.
Nov 17 - Asian Crude Palmoil Ends Higher but Remains in Tight Range (Dow Jones)
Asian palm oil prices ended Thursday higher but remain in the reasonably tight range that they have traded in throughout the week. Continuing to support prices are ongoing concerns about low palm oil production in Malaysia and expectations that it could take until the second half of next year before stocks return to normal levels. The Bursa Malaysia benchmark 3-month contract is trading up 21 ringgit at MYR2876 a ton.
Nov 17 - U.S. grain exports slide after Trump win batters Mexican peso
Mexican demand for U.S. grain imports has slumped along with the country's sinking peso as buyers withdrew from the market amid soaring costs in the week since Donald Trump won the presidential election, traders and industry analysts said. Corn prices in pesos jumped more than 10 percent overnight for the top U.S. customer as the surprise election result sent the currency plunging to an all-time low against the dollar, they said. Click here to read full stories.
Nov 17 - Philippines has no urgent need to import more rice - planning agency
The Philippines has no urgent need to import more rice, the deputy head of the country's economic planning agency said on Thursday, despite concerns about a production shortage as a result of typhoons last month. Rose Edillon's comment comes after the Philippine Statistics Authority said paddy rice output from this year would be 1.3 percent lower than a 2015 harvest. The Philippines is one of the world's largest rice importers. Click here to read full stories.
Nov 17 - India acts to help farmers hit by black money crackdown
India's government on Thursday announced immediate steps to ease a cash crunch for farmers amid widespread criticism of Prime Minister Narendra Modi's shock decision to withdraw high-value bills in the middle of the sowing and wedding season. Farmers have been left stranded as traders have no cash to pay for their produce, while millions of Indians lined up outside banks and post offices for the ninth day to exchange old banknotes or withdraw rationed money from their accounts. Click here to read full stories.
Nov 17 - La Niña cycle halfway complete - what's next? – Braun
According to the latest forecasts, 2016/17 should be stamped in history as an official La Niña season. And although its relative weakness has somewhat downplayed its existence, La Niña is already halfway through its run. La Niña is the cool phase of the El Niño-Southern Oscillation, which is very closely monitored by commodity markets as ENSO is one of the most reliable long-term indicators of weather patterns on the global scale. Click here to read full stories.
Nov 17 - Brazil to support local wheat sales as prices slump
Brazil's government will provide financial support to local wheat sales after a record domestic crop depressed pricesand market activity, Agriculture Policy Secretary Neri Geller told Reuters on Wednesday. Geller said the government would spend around 150 million reais ($43.8 million) in programs to help farmers to sell up to 1.7 million tonnes of wheat to the local food industry. Click here to read full stories.
Nov 17 - Several countries impose import restrictions on German poultry over bird flu
Several countries have placed import restrictions on German poultry following outbreaks of bird flu in the country, German authorities said on Wednesday. Japan, South Korea, Hong Kong, Bosnia and Herzegovina and South Africa have put import restrictions on German poultry and poultry products, the German state government of Mecklenburg-Vorpommern said in a statement. Click here to read full stories.
Nov 17 - Canadian cattle group urges trade fight if Trump imposes unfair labels
Canadian cattle producers will urge Ottawa to retaliate against the United States if the incoming Trump administration imposes a meat labelling program it views as discriminatory, restarting a six-year trade battle, an industry group said on Wednesday. U.S. news network CNN reported on Tuesday that a memo drafted by President-elect Donald Trump's transition team, which it obtained, said the new administration would immediately initiate changes to the North American Free Trade Agreement (NAFTA) with Canada and Mexico. Those changes could include measures on country of origin labelling, CNN reported. Click here to read full stories.
Nov 16 - Asian Crude Palmoil Ends Higher on Hopes of Lower Output (Dow Jones)
Asian crude palm oil future prices end higher Wednesday, on expectations of lower output. Analysts are hoping a fall in palm oil production will lift the mood of the market. David Ng, an analyst at Philip Futures in Kuala Lumpur, expects prices to trade between 2800 ringgit a ton and MYR2920 a ton. Benchmark palm oil futures for January delivery on the Bursa Malaysia Derivatives Exchange traded 43 ringgit higher at MYR2885 per ton at
the end of the trading day.
Nov 16 - Pampered Canadian pigs feed Japan's hunger for pricey pork
On select Canadian farms, thousands of pigs bound for Japan are getting five-star treatment. Japan’s growing appetite for pricey pork cuts is driving Canadian and U.S. fresh pork exports to record levels, spurring producers to use every advantage to gain market share. Click here to read full stories.
Nov 16 - South African grain body sees surplus maize output in 2017
South Africa is likely to have a maize surplus next year as favourable weather conditions encourage farmers to plant more hectares after a devastating drought last season, the head of the largest grain producer group said on Tuesday. A good maize harvest would help lower food prices in Africa's most industrialised country, which in turn could help contain consumer inflation. Click here to read full stories.
Nov 16 - U.S. October soy crush third biggest monthly total ever - NOPA
U.S. soy processors posted the third heaviest monthly crush on record during October as a likely record soybean harvest provided ample supplies for plants around the country, the National Oilseed Processors Association said on Tuesday. NOPA said that its members crushed 164.641 million bushels during October, well above trade forecasts and up 3.6 percent from October 2015. In September, the NOPA crush totaled 129.405 million bushels. Click here to read full stories.
Nov 16 - Philippines says 2016 paddy rice output to be lowest in three years
The Philippines said on Wednesday its paddy rice output is now expected to hit 17.91 million tonnes in 2016, the lowest in three years and below a July forecast of 18.135 million tonnes, due to crop losses from an El Nino dry spell and typhoons. The Philippines, one of the world's biggest rice importers, could buy another 250,000 tonnes of rice in addition to the 250,000 tonnes purchased recently from Vietnam and Thailand, if it sees a need to boost state buffer stocks. Click here to read full stories.
Nov 16 - Soy weighing down palm in vegoil market: Braun
The global vegoil market has been building strength since July, but some bearish factors are starting to nudge their way in. Benchmark Malaysian palm oil futures for January jumped last week on currency and fundamental factors, but they have been weighed down by soy-based competitors, particularly Chicago-traded soyoil and China's Dalian Commodities Exchange soyoil. Click here to read full stories.
Nov 16 - GrainCorp annual profit drops after smaller Australian crop
Australia's largest listed bulk grain handler GrainCorp Ltd said on Wednesday annual net profit fell 3.7 percent, at the upper end of its guidance, as it contended with a smaller crop and lower volumes. The company said net profit came in at A$30.9 million ($23.33 million) for the year to Sept. 30, down from A$32 million the previous year. Underlying net profit, which does not include one-off items like restructuring costs, rose 18.4 percent to A$52.7 million. In February, GrainCorp said it expected annual underlying profit between A$40 million and A$55 million. Click here to read full stories.
Nov 16 - German rapeseed sowings for 2017 crop seen up 1.5 pct on year
Germany's winter rapeseed sown area for the 2017 harvest has been expanded by 1.5 percent on the year to around 1,350,000 hectares, German oilseeds industry association UFOP estimated on Tuesday. A survey commissioned by UFOP of 6,500 German farmers said that rapeseed sowings had originally been expanded by 2.4 percent to about 1,364,000 hectares. Click here to read full stories.
Nov 16 - Bangladesh to scrap wheat import tender
Bangladesh will cancel an international tender to import 50,000 tonnes of wheat, citing higher prices, two officials from the state grains procurement agency said on Wednesday. Singapore-based Agrocorp made the lowest offer of $248.26 a tonne, including CIF liner out, in the tender, which was the first for the current fiscal year that began in July. Click here to read full stories.
Nov 16 - Expect more bird flu cases in Europe and in the U.S., OIE says
More outbreaks of a severe strain of bird flu in Europe are likely to occur in the next few weeks as wild birds believed to transmit the virus migrate southward, the deputy head of the world animal health body said on Tuesday. North America, especially the United States where bird flu last year led to the death of about 50 million poultry, should also prepare for new cases, said Matthew Stone, Deputy Director General of the World Organisation for Animal Health (OIE). Click here to read full stories.
Nov 15 - Asian Crude Palmoil Ends Lower on Weak Export Performance (Dow Jones)
Asian crude palm oil prices end lower Tuesday, weighed down by sluggish export performance. Monthly estimates released by cargo surveyor Intertek Agri Services showed palm oil exports for the first 15 days of November falling 17% on month. Weak demand for palm oil from top consumers China and India will continue to be a cause of concern for investors, traders say. Benchmark palm oil futures for January on the Bursa Malaysia Derivatives Exchange last traded 23 ringgit lower at MYR2,829 per ton.
Nov 15 - French farmers near end of maize harvest, wheat sowing
French farmers had gathered 89 percent of this year's grain maize crop by Nov. 7, up from 79 percent a week before, FranceAgriMer said on Monday, as a weather-hit harvest in the European Union's top grain grower reached its final stages. Field work lagged last year, when 90 percent of the crop had been gathered by the same stage. However, the median date for 2016's harvest was four days ahead of the average of the past five years, the French farm office's weekly crop report said. Click here to read full stories.
Nov 15 - Canadian canola meal sales to China spike to 5-year high
Canadian canola meal shipments to China have jumped to their highest level in five years, boosting profits of crush plants and firming prices as farmers slog through a difficult harvest. Canada shipped 415,000 tonnes of canola meal to China from January through August, the most since 2011 and following zero shipments last year, according to Canadian Oilseed Processors Association (COPA). The shipments are worth C$132.1 million. Click here to read full stories.
Nov 15 - Russian wheat export prices rise as farmers hold on to supplies
Russian wheat export prices have risen for the eighth consecutive week due to farmers hanging on to supplies in anticipation of rising prices, analysts said on Monday. Egypt, the world's largest wheat importer, bought 240,000 tonnes of Russian and Romanian wheat in a tender last week, traders said. Click here to read full stories.
Nov 15 - Iran weighing wheat export, import needs - industry group
Iran aims to ramp up wheat exports to clear a hefty surplus supported by a government self-sufficiency drive, but may continue to import some wheat to meet the quality requirements of local millers, an industry group said on Monday. The government has prioritised wheat - a heavily consumed staple in Iran - in domestic grain production in the face of declining water resources, and has said it hopes to revive exports after calling a halt on imports earlier this year. Click here to read full stories.
Nov 15 - S.Korea to buy 299,000 T surplus rice to ease oversupply
South Korea said on Tuesday it will buy 299,000 tonnes of this year's rice surplus in an effort to ease oversupply and stablise the domestic rice market in a bumper year. Asia's fourth largest economy produced nearly 4.2 million tonnes of rice this year, down 3 percent from last year's 4.33 million, but still supply outstrips demand due to low consumption, the country's agriculture ministry said in a statement citing Statistics Korea data released on Tuesday. Click here to read full stories.
Nov 15 - Malaysia to defer implementation of higher biodiesel mandate
Malaysia will defer implementation of its higher biodiesel mandate to a later date, without specifying when, the country's Minister of Plantation Industries and Commodities Mah Siew Keong said in a statement on Tuesday. Mah said after taking into consideration the difference between crude palm oil and diesel prices in the current volatile market, the implementation of the biodiesel mandate will be deferred to a later date. Click here to read full stories.
Nov 15 - Brazil JBS posts 74 pct drop in 3rd-qtr profit
Brazil's JBS SA , the world's largest meat processor, on Monday posted a 74 percent drop in third-quarter profit compared with the same quarter a year ago, due to reduced net sales and rising financial costs. Net profit for the company fell to 887.1 million reais ($258 million) in the three months ended in September, down from 3.44 billion reais a year ago and 1.54 billion reais in the second quarter, JBS said in a market filing. Click here to read full stories.
Nov 15 - Asian Crude Palmoil Trading up Ahead of Palm Oil Estimates (Dow Jones)
Asian crude palm oil prices are trading higher ahead of the release of Malaysia palm oil export estimates from cargo surveyor Intertek and SGS later in the session. With palm oil stocks low and production now at a seasonal low, investors are waiting to see whether exports will continue to deplete stocks or whether they have fallen too. The Bursa Malaysia three-month palm oil contract is trading up 31 ringgit at 2883 ringgit a ton.
Nov 14 - Asian Crude Palmoil Trading Lower to Reverse Friday's Gains (Dow Jones)
Asian CPO is trading sharply lower, reversing much of the gains seen Friday, amid volatility in the Malaysian ringgit, which had strengthened earlier to make the commodity nominally cheaper. The Bursa Malaysia benchmark 3-month contract ended the session trading down 122 ringgit a ton at MYR2852 a ton.
Nov 14 - Egypt Export and Import Control body to lead wheat inspections
Egypt's General Organization for Export and Import Control (GOEIC) will replace the quarantine as the body responsible for inspecting strategic agricultural imports, according to a new government decree, after a standoff over wheat hampered trade. The decree, issued by the prime minister and published in the official gazette on Sunday, said the GOEIC would have sole responsibility for inspecting wheat and other important agricultural goods and any such imports would require its approval. Click here to read full stories.
Nov 14 - China seeks to soothe concerns over illegal GM crops
China's tough supervision of unapproved genetically modified (GM) crops will allow for commercialisation of such foods in the future, said an agriculture ministry official this week, defending a recent crackdown on illegally grown GM corn. China has spent billions on research of biotech crops, but it has not yet approved the planting of any GM varieties of staple food crops amid deep-seated consumer opposition. Click here to read full stories.
Nov 14 - India's vegoil import growth slowest in years on bumper harvest
India's vegetable oil imports are expected to have risen by less than 1 percent in the year to October, the slowest rate of growth in at least six years, as good monsoon rains boosted local output of oilseeds, the main industry body told Reuters. The world's biggest importer of the cooking medium spends more than $10 billion buying it every year, but a surge in local output of soybean, groundnut and sunflower is seen to have helped the country keep a lid on that bill without cutting consumption. Click here to read full stories.
Nov 14 - New bird flu outbreaks reported in Germany and Switzerland
Germany and Switzerland reported new outbreaks of a severe strain of bird flu on Saturday in the latest in a series of cases across Europe. The H5N8 virus has also been found in Austria, Hungary, Poland, the Netherlands, Denmark and Croatia. Click here to read full stories.
Nov 14 - Indonesia to allow live cattle imports from Mexico, Brazil, Spain -trade minister
Indonesia plans to allow live cattle imports from Mexico, Brazil and Spain in order to stabilize domestic beef prices, the country's trade minister said on Friday. "Your prices keep going up and don't come down, that's why we've opened up imports from other sources," Trade Minister Enggar Lukita told reporters, referring to recent discussions with his counterpart from Australia, Indonesia's top supplier of live cattle. "Brazil is so far away and yet its [cattle] are cheaper than Australia's," he said. Click here to read full stories.
Nov 14 - Norway salmon price seen rising 69-70 crowns next week
The average price of Norwegian farmed salmon is expected to jump around 5-6 crowns to 69-70 crown per kilo next week due to lower produced volumes, industry sources told Reuters on Friday. "Prices are sharply up, a 4-5 kilo salmon is priced at 68-69 crowns in Oslo next week or close to 70. I assume that will be the average price as well," said one producer, who declined to be named. Click here to read full stories.
Nov 11 - Asian CPO Ends Higher as Lower Stocks Lift Investor Sentiment (Dow Jones)
Asian crude palm-oil prices continue their upward march amid low inventory levels in top-producers Malaysia and Indonesia. Data released by the Malaysia Palm Oil Board data show palm oil stocks in October were 44% below those levels seen a year earlier, at 1.6 million metric tons. In Indonesia, palm oil stocks in September were 52% below the level seen at the end of 2015, according to Indonesia's Palm Oil Association, or Gapki. On Friday, Malaysia crude palm-oil prices hit the highest level since August 2012, opening 7% higher at 3,089 ringgit a ton. The Bursa Malaysia benchmark January contract last traded MYR92 higher at MYR2986 a ton.
Nov 11 - Russia's 2017 grain crop prospects brighter due to large sowing area
Russian farmers have sown winter grains on the largest area of the last seven years and will plant more in the coming weeks, improving prospects for the 2017 crop, analysts said on Thursday. Farmers in Russia, a major global wheat exporter, produced a record grain crop in 2016 thanks to favourable weather and a weakening rouble currency, which boosted their revenue in the last two years. Click here to read full stories.
Nov 11 - FranceAgriMer cuts maize crop estimate to 26-year low
Farm office FranceAgriMer cut its estimate for this year's French grain maize harvest on Thursday to the lowest level since 1990 due to weather-hit yields and as it saw more of the crop being diverted for use as on-farm fodder maize. In monthly supply-and-demand forecasts for cereals, FranceAgriMer lowered2016 grain maize production to 11.8 million tonnes, 9.6 percent below last year's output and down from last month's forecast of 12.2 million tonnes. Click here to read full stories.
Nov 11 - Argentine soy planting area seen at 19.6 mln hectares - exchange
Argentine farmers are expected to plant 19.6 million hectares with soybeans this season, down 2.5 percent from the previous crop year as growers pile into corn and wheat, the Buenos Aires Grains Exchange said in its weekly report on Thursday. The exchange kept its 2016/17 corn planting estimate unchanged at 4.9 million hectares, which would mark a 27 percent expansion of corn area compared with the 2015/16 season. Also unchanged was the exchange's forecast of a 21 percent increase in wheat production to 12.5 million tonnes. Click here to read full stories.
Nov 11 - Rain delays Australia wheat harvest, could dampen exports
Rain is delaying the wheat harvest in parts of Australia, threatening to disrupt deliveries from the world's No.4 exporter of the grain to key markets such as India and Indonesia. Expecting a near-record crop of close to 30 million tonnes, exporters had sold new-crop wheat for shipment in November and December. Click here to read full stories.
Nov 11 - Malaysia's end-Oct palm stocks rise as exports decline, imports build
Palm oil stockpiles in Malaysia at the end of October registered a marginal rise as exports dipped from a month ago and as imports increased. Rising inventories could dampen benchmark palm oil prices, which rose to the highest in over two-and-a-half years on Tuesday. Palm future were down 1 percent at 2,816 ringgit ($663) per tonne at the midday break on Thursday. Click here to read full stories.
Nov 11 - World food prices edge up in October – FAO
World food prices edged up in October to continue an upward trend since January, the United Nations food agency said on Thursday, adding that prospects for global cereal output had improved. Barring a slight dip in July, the Food and Agriculture Organization's (FAO) food price index has steadily increased from a seven-year low hit in the first month of this year. Click here to read full stories.
Nov 11 - U.S. forecaster sees La Niña likely to persist in coming months
A U.S. government weather forecaster on Thursday said that previously predicted La Niña conditions have arrived and are slightly favored to persist into the Northern Hemisphere winter 2016-17. The Climate Prediction Center (CPC), an agency of the National Weather Service, in a monthly forecast said it observed La Niña conditions during October and sees a 55 percent chance they will persist through the winter. Click here to read full stories.
Nov 11 - Canada dairy farmers say Europe trade deal payout falls short
The Canadian government said on Thursday that it would spend C$350 million ($259.88 million) to help its dairy sector compete against increased European imports allowed under a free trade deal, but the amount falls short of farmers' expectations. The money includes C$250 million over five years to help farmers update equipment, and C$100 million over four years to help dairy processors modernize operations, Agriculture Minister Lawrence MacAulay said in a statement. Click here to read full stories.
Nov 11 - Prix du lait: Sodiaal serait prêt à lâcher 10 €/1 000 l (France Agricole)
Alors qu’un appel à mobilisation a été lancé devant l’usine Yoplait dans la Sarthe, Sodiaal aurait déjà réagi en proposant une augmentation du prix du lait de 10 €/1 000 l en décembre. La FDSEA et JA n’ont pas encore décidé s’ils maintiennent ou annulent le rassemblement.
« Sodiaal, ça ne passe pas ! », annonce un appel à mobilisation de la FDSEA et des JA de la Sarthe du jeudi 10 novembre 2016. Les deux syndicats appellent les agriculteurs à se réunir dans la soirée du mercredi 16 novembre devant l’usine Yoplait du Mans. « Les annonces faites dernièrement laisse présager que la moyenne annuelle de Sodiaal sera en dessous de Lactalis », reprochent les deux syndicats à la coopérative, rappelant qu’Agrial et La Prosperité Fermière ont augmenté leur prix sous la pression des agriculteurs.
Cet appel à manifester semble déjà porter ses fruits. De source syndicale, après s’être réunies, les instances de la coopérative proposeraient aux agriculteurs une revalorisation de 10 €/1 000 l en décembre. Mais cette revalorisation ne suffit pas à lever la menace de blocage qui plane sur l’usine du Mans.
« On se pose la question de savoir si on y va quand même, explique Étienne Fourmont, responsable de la section laitière des JA de la Sarthe. 10 €, ce n’est pas ça qui va sauver la trésorerie, mais ce n’est pas ridicule non plus. » Les syndicats se donnent le weekend pour réfléchir au maintien ou non de la mobilisation.
Nov 11 - Asian CPO Sharply Higher on Low Inventories, Weaker Malaysia Ringgit
Malaysia crude palm oil prices touched their highest level since 2012 as palm oil inventories in both Malaysia and Indonesia remain low and the Malaysian ringgit weakens.
The Bursa Malaysia benchmark 3-month contract opened up 7% at 3,089 ringgit a ton, the highest level it has been since August 2012. It has since fallen back slightly and is now trading at 3,056 ringgit a ton.
Prices have remained high in recent weeks because of concerns about tight supply in the market as production of the commodity, used in everything from cookies to lipstick, has yet to return to normal levels having been hit by dryer-than-normal weather at the end of 2015 and into 2016.
Data released Thursday shows that production has started to improve in the world's two largest palm-oil producing countries but stocks remain well below levels seen a year ago. The Malaysia Palm Oil Board data shows palm oil stocks in October were 44% below those levels seen last year at 1.6 million metric tons. In Indonesia, palm oil stocks in September were 52% below the level seen at the end of 2015, according to data released by Indonesia's Palm Oil Association, or Gapki. It did not release palm oil stock data for individual months in 2015.
Crude palm oil prices are supported by still-low inventory but the gains are capped by rising production, said Nomura analyst June Ng in a note. However, she forecasts that prices over the next three months will likely trade in range of 2,500 to 2,600 ringgit a ton.
Furthermore, helping palm oil prices Friday is a move sharply lower in the Malaysia ringgit against the U.S. dollar in early Asia trading as this makes the futures contract nominally cheaper. The benchmark contract is denominated in ringgit, while spot prices are in U.S. dollars - as a result the contract often has to move to allow for this.
The Malaysia ringgit is currently down 2.6% against the U.S. dollar, according to Factset.
Nov 11 - Asian CPO Remain Supported by Low Inventory Levels (Dow Jones)
Asian crude palm oil prices remain supported by low inventory levels in Malaysia, but any upside is likely capped by increases in production, says Nomura analyst June Ng in a note. "For the next three months, we believe the CPO price is well supported by the still low inventory level." However, Nomura forecasts that prices will trade in a range of MYR2,500-MYR2,600 per metric ton. It adds that it expects the 2017 CPO price trending to normal levels with continued improvements in production. The Bursa Malaysia benchmark 3-month palm oil contract closed Thursday up MYR49 a ton at MYR2894 a ton.
Nov 10 - Asian Crude Palmoil Ends Higher on Fall in Output (Dow Jones)
Asian crude palm-oil prices ended higher on Thursday, supported by lower production that lifted investor spirits. Data released by the Malaysian Palm Oil Board showed lower production and lower inventories for the month of October. The rise in palm-oil prices come despite sluggish exports performance, with cargo surveyor Intertek Agri Services estimating palm-oil exports to be down 15.7% on month at 355,065 metric tons, while SGS (Malaysia) Bhd. estimated exports to be down 13.8% on month at 347,760 metric tons. "Overall, investors seem enthusiastic about the fall in production," says a Kuala Lumpur-based trader. He expects prices to trade between 2,820 ringgit a ton and MYR2950 a ton. The Bursa Malaysia benchmark January contract settled 48 ringgit higher at MYR2893 per ton.
Nov 10 - USDA's new corn, soy yield view to hang over grains markets
The U.S. Department of Agriculture is likely to stick to its forecast on Wednesday for gains in 2016/17 corn and soybean crop yields, which would add hundreds of millions of bushels of grain to a stockpile that has weighed on prices for months, historical agency data show. The government has only changed its November corn yield projections by 2 percent or more five times since 1974, most recently in 1993. For soybeans, that size of an adjustment has been made 11 times going back to 1965. Click here to read full stories.
Nov 10 - U.S. corn, soy yields unlikely to shock in January: Braun
If the old adage "big crops become bigger" rings true, the bearish supply narrative for U.S. corn and soybeans will flourish all the way into January, and possibly beyond. In its monthly crop production report on Wednesday, the U.S. Department of Agriculture struck down analysts’ assumptions of a shrinking domestic corn crop with a yield projection of 175.3 bushels per acre, some 1 percent higher than both last month’s estimate and market expectations. Click here to read full stories.
Nov 10 - EPA approves Monsanto's dicamba weed killer
U.S. seeds and agrochemicals maker Monsanto Co has secured approval from the U.S. Environmental Protection Agency for a new dicamba-based weed killer designed for its next generation biotech soy and cotton varieties, the company said on Wednesday. While approval had been expected, it is seen as a major step forward for the company's newest herbicide tolerant products amid rising problems in the U.S. farm belt with weeds resistant to glyphosate, the main ingredient in Monsanto's Roundup weed killer. Click here to read full stories.
Nov 10 - Argentina 2016-17 soy output seen at 52.5 mln tonnes -exchange
Argentine farmers will harvest an estimated 52.5 million tonnes of soybeans in the 2016-17 crop year, the Rosario grains exchange said on Wednesday in its first soy crop estimate of the season. The country is the world's No. 3 soybean exporter and top supplier of soymeal livestock feed. Click here to read full stories.
Nov 10 - Egypt's strategic reserves of rice enough to cover local needs for 16 months
Egypt's strategic reserves of rice are enough to cover local needs for 16 months, Ragab Shehata, head of the Rice Division at the Federation of Egyptian Industries, told state news agency MENA on Wednesday. The average price for rice is now 5 Egyptian pounds ($0.2899) per kg, Shehata said. Egypt has faced a shortage of rice as traders began hoarding rice, causing prices to surge. Click here to read full stories.
Nov 10 - U.S. biofuels credit prices whipsaw after surprise Trump victory
The niche market for paper credits to comply with the U.S. biofuels program jerked lower on Wednesday in response to the surprise presidential victory of Republican Donald Trump, perceived to be favorable to oil companies. A Trump administration could signify change for the country's controversial Renewable Fuel Standard (RFS), the more than decade-old policy that's been a bedrock of two presidential administrations. Though he expressed support for ethanol along the campaign trail, the Republican is seen as being heavily in favor of fossil fuels and reduced regulation. Click here to read full stories.
Nov 10 - Japan repeats 60 pct chance of La Nina continuing through winter
Japan's weather bureau repeated in its monthly forecast on Tuesday that it estimated that there was a 60 percent possibility that the La Nina weather pattern would last through the winter months of December to February. There was a 40 percent chance that it would return to normal conditions during the winter, it added. Click here to read full stories.
Nov 10 - K+S sees 2016 profit at lower end of forecast
German potash miner K+S said it sees 2016 profits at the lower end of its forecast range after swinging to a third-quarter operating loss on lower fertiliser prices, production disruptions and weak demand for de-icing salt. K+S reported on Thursday a third-quarter loss before interest and tax (EBIT), adjusted for currency hedging effects, of 31 million euros ($34 million), compared with a loss of 32 million euros expected on average by analysts. Click here to read full stories.
Nov 10 - Asian Crude Palmoil Likely to Open Higher on Investor Optimism (Dow Jones)
Asian crude palm-oil futures prices are likely to open higher Thursday in anticipation of a fall in production and improved demand. Investors are looking forward to a significant crop report that will highlight production for the month of October, as well as data by cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd., which will release monthly palm-oil export estimates for the first 10 days of this month. The numbers will "clearly determine the mood of the market, going ahead," says a Kuala Lumpur-based trader. The Bursa Malaysia benchmark January contract settled 4 ringgit lower at MYR2839 per ton on Wednesday.
Nov 10 - La hausse du prix du lait se confirme (France Agricole)
Selon la dernière mise à jour de l’Observatoire européen, le prix moyen du lait dans l’Union européenne a grimpé de 5,2 % entre août et septembre 2016. Il atteint 277,9 €/t. La Commission table sur une nouvelle augmentation, mais plus modeste, en octobre : de l’ordre de 1,8 %, pour atteindre 282,8 €/t.
Nov 09 - Asian Crude Palmoil Ends Slightly Down on Production Worries (Dow Jones)
Asian crude palm-oil prices end marginally lower Wednesday, weighed by bearish sentiment by leading analysts during a palm oil conference in China. Industry analyst Dorab Mistry said palm-oil production in Malaysia will likely be better than expected and will likely to be higher than in September. However, "a tight supply at immediate front will keep the market sentiment high," says David Ng, analyst at Philip Futures in Kuala Lumpur. He expects palm-oil prices to trade between 2780 ringgit a ton and MYR2880 a ton. The Bursa Malaysia benchmark January contract last traded MYR4 lower at MYR2839/ton.
Nov 09 - Agrial trouve un terrain d’entente avec les éleveurs (France Agricole)
Des producteurs laitiers bloquaient depuis lundi après-midi l’accès à une laiterie à Condé-sur-Vire dans la Manche pour protester contre le prix du lait payé par Eurial, la branche lait de leur coopérative. Cette dernière a accepté de revoir à la hausse son prix de base. Pour la région Basse-Normandie, celle-ci atteint 4,00 €/1 000 l en novembre et 4,30 €/1 000 l en décembre.
Nov 09 - Brazil's new crop soy, corn to hit markets early in 2017
An early December start to harvesting of Brazil's record summer grain crop will send exports of soybeans and corn onto global markets sooner than normal this season, which could create headwinds for bullish positions on grains futures markets. Widespread early spring rains over the world's largest exporter of soybeans and second-largest exporter of corn allowed farmers to plant the summer crop weeks earlier than normal, and favorable volumes, frequency and distribution of rainfall point to bumper harvests. Click here to read full stories.
Nov 09 - French soft wheat exports at 9-year low in September - customs
French soft wheat exports outside the European Union fell sharply in September, to the lowest level for the month in nine years, customs data showed on Tuesday, showing the impact of a poor harvest in the EU's biggest grain producer. France shipped some 348,000 tonnes of soft wheat outside the bloc in September, the third month of the 2016/17 marketing season, down from 913,000 tonnes in August and 1.1 million tonnes in July, the data showed. Click here to read full stories.
Nov 09 - Logistic problems hit Ukrainian grain exports - traders
Ukrainian 2016/17 grain exports could be 7 million tonnes lower than originally expected due to logistical difficulties and some companies have already redirected shipments from Ukraine to other countries, traders said on Tuesday. Ukraine had planned to ship abroad around 41 million tonnes of grain in the 2016/17 July-June season versus around 39 million tonnes a season earlier. Click here to read full stories.
Nov 09 - Thai Navy to buy and help harvest rice as farmers struggle
The Thai navy will buy rice directly from farmers and assign naval ratings to help them harvest their grain, a navy spokesman said on Tuesday, the latest in a series of steps by the military junta to soften the impact of falling prices on farming communities. On Monday, the country's rice committee announced new loan schemes worth $514 million to help rice growers, as the junta looked to gain support in rural areas ahead of an election next year. Click here to read full stories.
Nov 09 - Warm autumn weather cools U.S. feed demand, worsening grain glut
Unseasonably mild weather around the United States is keeping pastures green and slowing feed consumption rates by livestock, exacerbating an animal feed glut that has dragged grain prices in many areas to the lowest levels in years. Feed grain sales that normally accelerate in November, when colder weather increases the appetites of cattle and hogs, have remained tepid. There is little hope for a bounce in the near term, analysts said. Click here to read full stories.
Nov 09 - Britain's rapeseed area seen at 13-year low - survey
Britain's rapeseed area for the 2017 harvest is forecast to fall to a 13-year low while wheat sowings are seen marginally lower, according to a survey issued by the Agriculture and Horticulture Development Board. The survey, conducted by the Andersons Centre, put Britain's rapeseed area at 557,000 hectares, down 4 percent from the prior season as problems with cabbage stem flea beetles curb plantings in the east of England. Click here to read full stories.
Nov 09 - Zimbabwe says has 321,000 tonnes of maize in strategic reserves
Zimbabwe's government is holding 321,000 tonnes of maize in strategic reserves, just over half of its optimal requirements and enough to last three months, the agriculture minister said on Tuesday. More than 4 million people require food aid this year after the southern African nation experienced its worst drought in a quarter century, which has worsened economic woes. Click here to read full stories.
Nov 08 - Asian Crude Palmoil Ends Higher on Better Demand Expectations (Dow Jones)
Asian crude palm-oil futures ended higher Tuesday, on general investor optimism about better demand from China and India. "There is growing expectation that exports in November are picking up," says David Ng, an analyst at Philip Futures brokerage in Kuala Lumpur. Cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. will release monthly export estimates for the first 10 days of November later this week. Ng expects prices to remain range-bound between 2,700 ringgit per ton and MYR2,820/ton. Benchmark palm-oil futures for January on the Bursa Malaysia Derivatives Exchange last traded MYR58 higher at MYR2,847/ton.
Nov 08 - China October soy imports drop nearly 6 pct on year - customs
China, the world's top soybean buyer, imported 5.21 million tonnes of the oilseed in October, down 5.79 percent year-on-year, customs data showed on Tuesday. The volume was slightly below market forecasts of about 5.4 million tonnes after a relatively high level of imports the month before. Click here to read full stories.
Nov 08 - U.S. states join Dow-DuPont merger probe - sources
U.S. state attorneys general have joined a federal antitrust probe of the planned merger between DuPont and Dow Chemical Co, according to three people familiar with the matter, heightening risks to a deal that could help reshape the global farm industry. A separate group of state attorneys general are expected to join a probe of Bayer AG's $66 billion plan to buy Monsanto Co, one of the sources said. Click here to read full stories.
Nov 08 - Fund soyoil bets could fizzle without more bullish news – Braun
A tightening in global vegetable oil supply did not go unnoticed by market participants last week as bullishness in the overall Chicago Board of Trade soybean complex – led by soybean oil – built to a four-month high in the week ending Nov. 1. Hedge funds and other money managers extended their net long positions in CBOT soybean oil futures and options last week to the largest volume in more than 10 years, according to data from the Commodity Futures Trading Commission. Click here to read full stories.
Nov 08 - Russian wheat export prices rise for seventh straight week
Russian wheat export prices have risen for the seventh consecutive week amid strong demand for wheat from neighbouring Ukraine and slower sales from farmers who are holding onto their supplies, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content for November supply were at $179 a tonne on a free-on-board (FOB) basis at the end of last week, up $1 from a week earlier, Russian agricultural consultancy IKAR said. Click here to read full stories.
Nov 08 - Warm spell raises hopes as Canadian farmers race to finish harvest
Unusually warm temperatures in Western Canada are raising farmers' hopes of a strong finish to a growing season of highs and lows, easing investors' worries about the late harvest. Summer-like weather in Saskatchewan and Alberta, the two biggest wheat and canola-growing provinces in Canada - a top global exporter of both crops - allowed farmers to resume harvesting on the weekend after delays from last month's snow. Click here to read full stories.
Argentina soy, corn crop seen hardly hit by La Nina-related dryness
The La Nina climate pattern will have minimal impact on Argentina soy, wheat and corn-growing this season, setting the stage for ample harvests, local meteorologists said on Monday. The La Nina phenomenon tends to bring dryness to Argentina's Pampas farm belt. This can put upward pressure on world food prices by decreasing soy production in the world's No. 3 soybean exporter and top supplier of soymeal livestock feed. Click here to read full stories.
Nov 08 - U.S. cattle herd growth slows despite record corn harvest
Demand for corn to fatten up U.S. cattle is likely to climb in the short term, as ranchers send more breeding females to feedlots to reduce the number of calves coming into supply. But next year, corn consumption could decline as there will be fewer cattle as a result of the current heifer cull. Click here to read full stories.
Nov 08 - Asian Crude Palmoil Surging on Expectation of Malaysian Output Drop (Dow Jones)
Asian palm oil prices hits its highest level since March 2014 on expectations that palm oil production in Malaysia fell in October, a Kuala Lumpur-based trader says. Palm oil production has struggled to recover from a drought associated with an El Nino event that hit earlier this year. Malaysia three-month palm oil prices are trading up 32 ringgit a ton at 2821 ringgit a ton. It touched a high of 2836 ringgit a ton earlier in the session.
Nov 07 - Asian CPO Ends Higher on Hopes of Better Palm-Oil Demand (Dow Jones)
Asian crude palm-oil prices end higher Monday on expectations of improved export performance. Cargo surveyors are expected to release export estimates for the first 10 months of November later this week. "Investors will wait and watch before making any significant moves," says a Kuala Lumpur-based trader. Prices will trade mostly between 2,680 ringgit per ton and MYR2,800/ton in the next few days. The Bursa Malaysia benchmark January contract last traded 55 ringgit higher at MYR2,791 per ton.
Nov 07 - Thailand unveils $514 mln in rice loans as political tensions bubble
Thailand's rice committee announced new loan schemes worth $514 million on Monday to help rice growers struggling with falling prices as farmers of the grain become the new battleground between the junta and the opposition ahead of 2017 elections. Tumbling rice prices have sent the ruling junta scrambling to roll out rescue packages as both the military government and the opposition try to woo politically powerful rice farmers ahead of the vote expected by late next year. Click here to read full stories.
Nov 07 - China corn hits over 3-month high on hopes subsidies will boost demand
China corn futures rose as much as 1.5 percent to their highest since mid-July, before ending Friday down with smaller gains, amid hopes government subsidies would help boost demand and reduce bulging stockpiles of the grain in the country. However, analysts cautioned that the sharp spike in prices was unsustainable given supply still outstripped demand. Global prices are already struggling in a saturated world market, with benchmark Chicago corn futures mired near six-year lows as U.S. farmers grow a bumper crop. Click here to read full stories.
Nov 07 - Egypt sets local wheat price, slashes sugar import tariffs
Egypt's Supply Minister said on Friday his government would buy local wheat in the 2017 season at a set price of 450 Egyptian pounds ($30.00) per ardeb (150 kilos), ending speculation that a reform of the subsidy it gives wheat growers would take place. The decision to fix local wheat purchasing prices comes one day after Egypt's Central Bank floated the Egyptian pound as the government seeks to secure a $12 billion loan from the IMF. Click here to read full stories.
Nov 07 - Ghana's cocoa purchases totalled 200,000 tonnes in October
Cocoa purchases declared to Ghana's industry regulator Cocobod amounted to around 200,000 tonnes in October, the first month of the 2016/17 season, two senior government sources in the cocoa sector said on Friday. The officials gave no comparative figure from the previous season. However, the pace of the harvest, which opened on Oct. 1 with a 12 percent increase in the farmers' price, was roughly on a par with the estimated output in neighbouring Ivory Coast, the world's leading grower. Click here to read full stories.
Nov 07 - China to ramp up risk monitoring in agricultural futures
China will step up risk monitoring in agricultural futures to ward off excessive speculation and price manipulation, and is studying ways to deregulate the sector and open it to foreign investment, a senior market regulator said on Saturday. Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), said China would encourage fundraising by futures brokerages via listings in domestic and overseas stock markets, as well as on China's New Third Board, the over-the-counter equity market. Click here to read full stories.
Nov 07 - EU regulators halt review of Dow, DuPont deal, await data
EU antitrust regulators have halted their scrutiny of the $130 billion merger of Dow Chemical and DuPont after the companies failed to provide crucial data, the European Commission said on Friday. The EU competition enforcer halted its investigation on Oct. 13, according to a filing on its website, the second time it has done so. Click here to read full stories.
Nov 07 - Asian Crude palmoil Hit by Moves in Soyoil (Dow Jones)
Asian palm oil prices took a hit last week as the prices of soyoil, which CPO competes with, fell, says Capital Economics in a note. Not helping the situation as well are "anecdotal reports" suggesting Malaysian palm oil inventories are rising in October, "owing to weak export demand and a small rise in production." The Malaysia Palm Oil Board will publish data for September on Thursday. Benchmark palm-oil futures for January on the Bursa Malaysia Derivatives Exchange closed down 38 ringgit recently at MYR2,736 a ton Friday.
Nov 04 - Asian Crude Palmoil Ends Lower on Demand Worries (Dow Jones)
Asian crude palm-oil prices end lower Friday, on renewed concerns of falling demand and high inventories. Export estimates released earlier this week by cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. showed lackluster export performance for the month of October. The market will track numbers in a crop report due to be released next week, which will set the mood for investors, traders say. Benchmark palm-oil futures for January on the Bursa Malaysia Derivatives Exchange fell 38 ringgit recently at MYR2,736 a ton Friday.
Nov 04 - West European wheat sowings late but still on good track. Dry weather has delayed soft wheat sowing in western Europe but the area is expected to be generally stable on year in the absence of major weather problem, analysts said. In top producer France, which recorded a high water deficit for the fourth month in a row in October, winter wheat and barley sowings were running behind last year as of early last week, farm office FranceAgriMer said. Click here to read full stories.
Nov 04 - Agrium, Potash Corp investors back merger of fertilizer companies. Shareholders of Agrium Inc and Potash Corp of Saskatchewan Inc overwhelmingly approved an all-stock merger of the fertilizer producers on Thursday,shifting the focus to U.S. and Canadian regulators. More than 99 percent of Potash investors and 98 percent of Agrium shareholders voted in favor of the deal, the companies said at separate meetings in Saskatoon, Saskatchewan, and Calgary, Alberta, respectively. Reuters reported last month that shareholders were likely to give overwhelming backing for the deal. Click here to read full stories.
Nov 04 - Thailand's junta and ousted PM Yingluck seek rice farmers' support ahead of 2017 election. Thailand's politically powerful rice farmers are becoming the new battleground between the country's junta and ousted Prime Minister Yingluck Shinawatra, with both trying to woo their support amid concerns of a flashpoint ahead of 2017 elections. Yingluck on Friday attacked the military government's recent rescue packages worth at least $1.70 billion aimed at stabilisinglow rice prices as it tries to maintain stability ahead of the general election. Click here to read full stories.
Nov 04 - India to keep wheat import tax at 10 pct, private imports seen at 3 mln T
India will keep its wheat import tax unchanged at 10 percent and state-run traders will not import the grain for now, as the private trade is expected to buy up to 3 million tonnes this year, the highest in a decade, a senior government source said. India, the world's second-biggest wheat producer, lowered the import tax on the grain to 10 percent from 25 percent in September, helping private traders such as Cargill, Louis Dreyfus and Glencore to import large quantities to combat a looming shortage. Click here to read full stories.
Nov 04 - Sirius raises $1.2 bln for UK fertiliser project backed by Australian magnate
Sirius Minerals the UK company behind plans to mine the world biggest underground deposit of polyhalite, a fertiliser, has completed the first $1.2 billion phase of its fund-raising, it said on Thursday. The fundraising for the project in northeast England was already on the way to hitting its target after Austrialia's richest woman Gina Rinehart, last week poured $300 million into the firm, a step analysts read as a major endorsement of the potential for polyhalite. Click here to read full stories.
Nov 04 - Informa raises U.S. soy yield estimate to 52.4 bpa -trade
Informa Economics, a private analytics firm, on Thursday raised its estimate of the U.S. 2016 soybean yield to 52.4 bushels per acre (bpa), from 51.6 last month, three trade sources said. The sources, who requested anonymity, said Informa in a monthly report lowered its U.S. corn yield estimate to 174.0 bpa, from 174.5 bpa on Oct. 5. Click here to read full stories.
Nov 04 - Kazakhstan's grain exports rise to 2.414 mln T as of Oct 31
Kazakhstan's grain exports stood at 2.414 million tonnes as of Oct. 31, up from 2.243 million tonnes a year earlier, the agriculture ministry said on Friday. Kazakhstan, whose grain marketing year runs from July 1 to June 30, increased its exports to 8.369 million tonnes in the 2015/16 season from 6.444 million tonnes a year earlier. Click here to read full stories.
Nov 03 - Asian Crude Palmoil Ends Higher on Biodiesel Program (Dow Jones)
Asian crude palm-oil prices end a tad higher Thursday on news that the Malaysian government would start the B10 bio-diesel mandate from next month. The new standard would raise the minimum bio content of biodiesel taking up more palm-oil supplies and supporting local prices. "This is positive for the market as higher biodiesel mandate will increase consumption for palm-oil," says David Ng, an analyst at Philip Futures in Kuala Lumpur. He expects prices to trade between 2720 ringgit a ton and 2850 ringgit a ton. The Bursa Malaysia benchmark January contract last traded 16 ringgit higher at MYR2774/ton.
Nov 03 - Bunge expects bounce from record US harvest; shares surge
U.S. agricultural products trader Bunge Ltd said Wednesday it expects the record-large U.S. corn and soybean harvest to help its earnings rebound from a weaker-than-expected third quarter. The company's shares surged despite reporting disappointing results on Wednesday due to weather-reduced crops in South America, home to many of Bunge's elevators and processing plants. Click here to read full stories.
Nov 03 - Southern Brazil soybeans vulnerable to La Niña -Braun
Brazil may be on track to harvest a record soybean crop this year, just as had been expected last year. But last year's crop fell short of expectations, and the same thing could happen this year if La Niña rears its head in southern Brazil. Analysts polled by Reuters last week predicted that the world’s leading supplier of soybeans would harvest a record-large 102.8 million tonnes of the oilseed in 2016-17. Click here to read full stories.
Nov 03 - Thailand's junta seeks to reassure powerful rice farmers amid price
Thailand's military government has rolled out a series of rescue packages in a bid to help rice farmers, most of whom hail from the political heartlands of the government it toppled, amid tumbling prices of the grain. Farmers in Thailand, the world's second-largest rice exporter, have traditionally been politically powerful and many helped elect former prime minister Yingluck Shinawatra in 2011. Click here to read full stories.
Nov 03 - China to eliminate most open air grains storage to cut
China will eliminate more than 95 percent of its open air grains storage by 2020, according to a government document, as it seeks to clamp down on waste and modernise its agriculture sector. Top grains grower China produced 621 million tonnes of the farm crops last year but by some estimates as much as 100 million tonnes may be stored outdoors, leading to losses that threaten the nation's food security. Click here to read full stories.
Nov 03 - German cabinet approves draft law banning GMO crops
The German cabinet has approved a draft law banning cultivation of crops with genetically modified organisms (GMOs), government sources told Reuters on Wednesday. Germany had announced in September 2015 that it will ban cultivation of crops with GMOs under new European Union rules allowing member states to opt out of their cultivation. Click here to read full stories.
Nov 03 - Malaysia to implement higher biodiesel mandates from Dec. 1
Malaysia will implement higher biodiesel mandates for the transportation and industrial sector starting from Dec. 1. The so-called B10 programme, which requires a minimum bio content of 10 percent in biodiesel for the transport sector, will be rolled out in phases beginning with the state of Johor, according to an email sent by the Malaysian Palm Oil Board to industry participants and seen by Reuters. Click here to read full stories.
Nov 03 - Argentina agricultural workers demand pay hike, threaten disruptions
Agricultural workers at San Lorenzo, one of Argentina's key grain exporting ports, warned that they could disrupt operations if they do not receive a salary hike before the end of the year. Strikes and other labor protests are common in Argentina, where high inflation prompts wage increase demands from workers wary of losing purchasing power. Click here to read full stories.
Nov 03 - Fertilizer maker CF Industries posts first quarterly loss since 2010
U.S. nitrogen fertilizer producer CF Industries Holdings Inc on Wednesday reported a loss for the third quarter,its first in six and a half years, pressured by lower prices. Fertilizer prices have plunged this year amid declining U.S. farm incomes and ample supplies, even as CF completes expansion of nitrogen facilities in Louisiana and Iowa. Click here to read full stories.
Nov 02 - Asian Crude Palmoil Ends Slightly Higher but Sentiment Stays Weak (Dow Jones)
Asian crude palm-oil future prices end a tad higher Wednesday supported by mild buying activity. However, investors continue to remain concerned ahead of a crop report due to be released next week. The lackluster demand from top-buyers India and China as revealed by cargo surveyors Intertek Agri Services and SGS (Malaysia) earlier this week has also dampened the spirit of the market, traders say. David Ng, an analyst at Philip Futures in Kuala Lumpur, expects palm-oil prices to remain range-bound between 2700 ringgit a ton and 2850 ringgit a ton for the next few days. The Bursa Malaysia benchmark January contract last traded 24 ringgit higher at MYR2756/ton.
Nov 02 - ADM profit jumps on higher U.S. grain exports; shares rise
U.S. agricultural products trader Archer Daniels Midland Co on Tuesday reported a far better-than-expected third-quarter profit as higher U.S. exports of corn and soybeans boosted volumes and margins, sending shares up sharply. U.S. farmers have nearly completed what is expected to be the largest corn and soybean harvests on record, which should benefit ADM again in the current quarter. Click here to read full stories.
Nov 02 - Fonterra ramps up cream production targeted at Chinese consumers
Fonterra is ramping up production of its UHT cream, the dairy giant said on Tuesday, to meet growing demand from Asia for dairy produce that does not need refrigeration. The New Zealand co-operative said it was bringing forward the opening of a new production line, which would produce 40 million litres of whipping cream a year, to February. The production line had been originally scheduled to open in 2018. Click here to read full stories.
Nov 02 - INTL FCStone raises U.S. 2016 soy and corn yield estimates
Commodity brokerage INTL FCStone said on Tuesday it raised its estimate of the average U.S. 2016 soybean yield to a record 52.8 bushels per acre (bpa), from 52.5 in its previous monthly report. The firm raised its soybean production estimate to 4.386 billion bushels from 4.357 billion last month. INTL FCStone raised its forecast of the U.S. 2016 corn yield to 175.3 bpa, from its October figure of 175.2. The firm forecast U.S. corn production at 15.226 billion bushels, up from 15.163 billion last month. Click here to read full stories.
Nov 02 - Frost cuts Western Australia wheat, grain production by 15 pct -largest exporter
Frost damage across Australia's largest wheat-producing state has destroyed more than 15 percent of the total grain crop, Cooperative Bulk Handling Ltd (CBH) said on Tuesday. CBH, the country's largest grain exporter, said total grain output from Western Australia state during the 2016/17 season will be between 13 million and 14 million tonnes, down from a previous estimate of between 15 million and 17 million tonnes. Click here to read full stories.
Nov 02 - Global dairy prices rise as tighter supply boosts recovery
International milk prices rose in an auction held early on Wednesday, underscoring the growing recovery in prices. The Global Dairy Price index climbed 11.4 percent with an average selling price of $3,327 per tonne. Click here to read full stories.
Nov 02 - South African dams could take up to five years to recover from drought
South Africa's dams could take up to five years to recover even if the country experiences normal rainfall following a severe drought, authorities said on Tuesday, increasing the prospects of water rationing. Southern Africa has been affected by a severe drought that has prompted water restrictions by various municipalities, which have warned that water could be rationed if consumers do not heed calls to cut consumption. Click here to read full stories.
Nov 02 - California relaxes conservation rules as rain eases drought
California on Tuesday moved to ease water conservation rules for farmers in the northern and central parts of the state, a sign that a wet fall may portend an easing of the state's five-year drought. The decision to temporarily stop requiring mostly agricultural users from detailing how much they take from key watersheds comes as new data show that conservation among urban Californians was up slightly in September over August. Click here to read full stories.
Nov 01 - Asian CPO Ends Lower on Indicators of Slackening Demand (Dow Jones)
Asian crude palm-oil prices continue to fall, ending lower Tuesday hurt by dwindling export performance. Investor sentiment continues to remain weak amid "signs of weakening demand to major destinations China and India" following the release of palm-oil export estimates, says David Ng, an analyst at Philip Futures in Kuala Lumpur. Cargo surveyors Intertek Agri Services and SGS (Malaysia) reported on Monday a 6.9% and 5.1% drop in shipments for October 1-31. Ng expects CPO to trade range-bound between MYR2750/ton and MYR2850/ton. The Bursa Malaysia benchmark January contract last traded 29 ringgit lower at MYR2734/ton.
Nov 01 - Falling prices, borrowing binge haunt Midwest 'go-go farmers'
A third-generation farmer, Matt Gibson eyed a big expansion of his family’s business in late 2011, as grain prices soared in a searing Midwestern drought. By August of 2012, days before corn prices peaked, the Gibson family had borrowed nearly $18 million in a series of loans from Chicago-based BMO Harris Bank. Click here to read full stories.
Nov 01 - Is wheat undervalued on the futures market? -Braun
Given the world's ever-expanding inventories of wheat and corn, it seems hard to argue for higher prices for either one. Although the currently low wheat-to-corn price differential is particularly favorable for the use of feed wheat worldwide, support for Chicago wheat futures may lie within the fundamentals. Since Aug. 31, December wheat futures have tacked on 6 percent and December corn is up about 13 percent. But should the wheat contract be the one with the bigger gains? Click here to read full stories.
Nov 01 - U.S. soy glut from record harvest burdens farmers
U.S. farmers with nowhere to store their beans after three record harvests have been forced to try to unload their crops in a weakening cash market, where elevators and processors are slashing their offers, according to a survey of soy dealers. Buyers are cutting premiums to soy futures to the lowest levels in about seven years and some elevators are limiting delivery hours because their storage silos are already full - even before harvest has been completed. Click here to read full stories.
Nov 01 - U.S. soy harvest seen 87 pct complete, corn harvest 77 pct
The U.S. Department of Agriculture's weekly crop progress report should show the U.S. soybean harvest as 87 percent complete by Sunday and the corn harvest as 77 percent complete, according to the average forecast in a Reuters poll of nine analysts on Monday. Analysts' estimates of soybean harvest progress ranged from 83 percent to 90 percent while corn harvest estimates ranged from 72 percent to 85 percent. Click here to read full stories.
Nov 01 - Russian wheat rises on Ukraine price strength
Russian wheat export prices rose for the sixth consecutive week on support from higher prices in Ukraine, its rival supplier via the Black Sea, which has recently signed large deals with India, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content for November supply were at $178 a tonne on a free-on-board (FOB) basis at the end of last week, up $3 from a week earlier, Russian agricultural consultancy IKAR said in a note. Click here to read full stories.
Nov 01 - Russia looks lonelier as host of global grain meeting
A global grain forum hosted by Russia next month, the first of its kind in seven years, looks set to be snubbed by Western agriculture ministers as tensions rise over the Syria crisis. Three weeks before the World Grain Forum, to be hosted by the Agriculture Ministry in the Black Sea resort of Sochi on November 18-19, its public programme looks dominated by local officials and analysts. Click here to read full stories.
Nov 01 - Indonesia's 2016 rice output may rise to 79.14 mln-agriculture min
Indonesia's agriculture ministry official said on Tuesday, unmilled rice production in 2016 may rise to 79.14 million tonnes, up from 75.40 million tonnes last year. Corn production this year may rise to 23.16 million tonnes, up from 19.61 million tonnes, while soybean output is expected to fall to 885,580 tonnes in 2016, down from 963,180 tonnes the year before. Click here to read full stories.
Nov 01 - Thailand offers $1 bln loan to struggling jasmine rice farmers
Thailand's rice management committee said on Monday it will offer loans worth $1 billion to jasmine rice farmers struggling with falling prices, on a condition that they store the grain for six months to slow down market supply. The new rice harvest season is currently underway in Thailand, the world's second-biggest rice exporter, and the Southeast Asian nation expects output of the grain for the 2016/17 production year to come in at 25 million tonnes. Click here to read full stories.
Nov 01 - Ukraine to auction Odessa fertiliser plant on Dec 14
Ukraine will put its state-owned fertiliser plant in Odessa back up for auction on Dec. 14 at a starting price of 5.16 billion hryvnia ($203 million), the State Property Fund said on Monday. The auction of the Black Sea plant is the first big privatisation since a 2014 uprising brought in a pro-Western leadership in Ukraine and could be a test of the government's promise to implement economic reforms and tackle corruption. Click here to read full stories.
Oct 31 - Asian CPO Dips on Exports Drop; Diwali Dents Trading Volume (Dow Jones)
Asian crude palm oil prices ended the session lower after Malaysia export estimates from cargo surveyor Intertek and SGS show palm oil exports were sharply lower on month. A Singapore-based trader said that trading volumes were lower during the day, likely due to India being out on holiday for Diwali. The Bursa Malaysia benchmark palm oil contract was trading down 24 ringgit at 2764 ringgit a ton.
Oct 31 - EU holds up ChemChina's $43 bln acquisition of Syngenta
European Union antitrust regulators on Friday opened an in-depth investigation into state-owned Chinese chemicals group ChemChina's $43 billion bid for Swiss pesticides and seeds group Syngenta, China's biggest-ever foreign acquisition. Syngenta's shares plunged over 9 percent on Monday after the European Commission said the companies had not allayed its concerns over the deal, raising the prospect of a longer investigation. Click here to read full stories.
Oct 31 - U.S. farm economy struggles even as soy exports spur GDP growth
Surging soybean exports that helped drive U.S. growth in the third quarter have done little to boost the domestic farm economy, where grain prices are mired well below peaks hit in 2012 and incomes are forecast to be the lowest since 2009. Abundant supplies of beans after three years of record harvests, with another bumper crop just rolling in, have filled up storage bins and left many farmers little option but to sell. Click here to read full stories.
Oct 31 - China says farmers need more options in managing their land rights
Chinese authorities on Sunday recommended separating various rights to rural land, which they say would better protect property rights, improve land circulation, increase farmers' incomes, and contribute to the development of modern agriculture. China has been looking to reform landholding rights for rural citizens for years as it promotes urbanisation and more efficient, large-scale farms. Click here to read full stories.
Oct 31 - Brazil's No.1 soy state 68 pct planted
Soybean planting in Brazil's leading producer state Mato Grosso reached 67.7 percent of the expected area, jumping 25.5 percentage points in one week after rains across the grain state set the stage for an early start to the season. By the end of October 2015, 38 percent of the crop had been planted, the Mato Grosso State Farm Economics Institute (Imea) reported on Friday. Click here to read full stories.
Oct 31 - French grain maize harvest 60 pct complete, still behind 2015
French farmers had harvested 60 percent of this year's grain maize crop by Oct. 24, compared to 39 percent a week earlier but still running behind the same stage last year when harvest was 69 percent complete, farm office FranceAgriMer said on Friday. Farmers had also completed 60 of soft wheat sowing for next year's harvest, from 43 percent complete the previous week and was also behind the 72 percent level a year ago, it said. Click here to read full stories.
Oct 31 - Brazil's BRF sees slow recovery from high corn prices, slack demand
Brazil's BRF SA, the world's top poultry exporter, on Friday blamed disappointing third-quarter earningson stubbornly high corn prices, slack demand and a stronger local currency. Company executives said in July, after poor second-quarter results highlighted the crisis facing the sector, that the worst was over. But results published Thursday night continued to miss market expectations as costs grew faster than revenue. Click here to read full stories.
Oct 28 - Asian CPO Closes Slightly Up on Hopes of Improved Demand From India (Dow Jones)
Asian crude palm-oil prices rebound from losses to end higher Friday on general investor optimism about improved demand from leading-buyer India. Indians usually step up purchases of edible oils during the August-to-November Hindu festival season. Cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. will release monthly palm-oil export estimates early next week. Analysts expect prices to remain range-bound ahead of the data release. The Bursa Malaysia benchmark January contract last traded 3 ringgit higher at MYR2789 a ton Friday.
Oct 28 - Australian billionaire pulls ahead in bid for major land holding
Australia's richest woman Gina Rinehart is in the box seat to buy the country's largest private land holding, cattle and pastoral tracts the size of South Korea, after a rival bidder dropped out. The BBHO consortium - made up of a group of outback cattle families - said on Friday it was withdrawing its A$386 million ($293 million) offer for S. Kidman & Co. despite receiving a "strong groundswell of public support." Click here to read full stories.
Oct 28 - Potash Corp sees merger support; profit drops less than expected
Potash Corp of Saskatchewan , the world's biggest fertilizer company by capacity, said early votes by shareholders supported a proposed merger with rival Agrium Inc as it posted a smaller-than-expected drop in quarterly profit. The Canadian company on Thursday also lowered its profit outlook for the year, warning that significant recovery in the potash market would happen only late this year or in early 2017. Click here to read full stories.
Oct 28 - Fonterra milk collection reduces in September, pointing to continued price recovery
Dairy giant Fonterra on Friday said its milk collection had dropped in September, with the reduced supply pointing to continued recovery in global dairy prices. The New Zealand dairy co-operative said in a stock market update that its milk collection in New Zealand, the world's largest dairy exporter, had decreased 2 percent, while falling 9 percent in Australia in September. Click here to read full stories.
Oct 28 - Smithfield Foods temporarily closes North Carolina hog plant
Smithfield Foods Inc closed its Tar Heel, North Carolina, hog processing plant on Thursday and Friday due to "operational issues" resulting from Hurricane Matthew, company spokeswoman Kathleen Kirkham said. She said the facility, the largest hog processing plant in the world, is "facing operational issues" as the company is still regaining its footing following Hurricane Matthew in early October. Click here to read full stories.
Oct 28 - Asian CPO Likely to Continue to Range Trade, Eyes on Data (Dow Jones)
Asian palm oil prices are likely to continue to trade in a range as the market waits the release of export estimate data for October from Intertek and SGS on Tuesday. Export demand has waned in recent months but the market is still trying to assess whether it is sufficient to reduce concerns over low stocks and ongoing soft production in Malaysia. The Bursa Malaysia benchmark January contract settled 10 ringgit lower at MYR2786 a ton Thursday.
Oct 27 - Asian Crude Palmoil Ends Lower on Demand Worries (Dow Jones)
Asian crude palm-oil prices are dropping again on concerns of sluggish demand from top-buyers India and China. Data released by cargo surveyors Intertek Agri Services and SGS (Malaysia) earlier this week estimated palm-oil exports during October 1-25 were weaker for both countries. Moreover, a marginal increase in palm-oil production has dampened investor sentiment, says David Ng, an analyst at Philip Futures in Kuala Lumpur. He expects prices to trade between MYR2750/ton and MYR2820/ton during the next few days. The Bursa Malaysia benchmark January contract last traded 15 ringgit lower at 2781 ringgit a ton Thursday.
Oct 27 - Is demand for U.S. soybeans as healthy as it seems? - Braun
United States soybean exports appear to have been moving along at a record-fast clip, but the dramatic numbers may be hiding potential speed bumps lurking ahead. As the largest soybean crop in U.S. history continues to roll off the combines, support for Chicago soybean futures has been heavily rooted in the aggressive export campaign planned for the 2016-17 marketing year. Burgeoning global demand has prevented the market from turning fully bearish against the oilseed in the face of record world supply. Click here to read full stories.
Oct 27 - Russian lobby questions experience of Syrian wheat tender winner
A tender for one million tonnes of Russian wheat deliveries to Syria in October was won by a company with no experience in such large deals, the head of a non-state Russian farmers' lobby group said on Wednesday. Syrian state grain buying agency Hoboob struck a deal to purchase one million tonnes of Russian wheat, covering the needs of government-controlled areas for a year, a Syrian government source close to the matter said in mid-October. Click here to read full stories.
Oct 27 - South Africa's maize plantings seen to rebound on favourable weather
South African maize farmers intend to plant 2.463 million hectares of the staple grain in the 2017 season, 26.5 percent more than last season, the official Crop Estimates Committee (CEC) said on Wednesday. Last season, only 1.947 million hectares of the crop was planted as a scorching drought parched much of the maize belt. But the CEC said hopes for decent rainfall and good prices were incentives for farmers to scale plantings up this season. Click here to read full stories.
Oct 27 - Brazil soy crop seen reaching record 102.8 mln tonnes - poll
Brazil's 2016/2017 soybean crop is seen reaching a record 102.8 million tonnes, after early spring rains allowed farmers to make progress in planting in recent weeks, according to an average of 14 analysts and groups polled by Reuters on Wednesday. The latest estimate is down slightly from a September poll which put the crop at 103.1 million tonnes, due to the inclusion of two new, more conservative forecasts, rather than estimates being revised down from last month. Click here to read full stories.
Oct 27 - JBS scraps reorganization after Brazil veto; shares slump
JBS SA has scrapped a program to move some operations outside Brazil after a government agency vetoed the move, sending shares of the world's biggest beef exporter tumbling and dealing a blow to a plan to become a global food processing powerhouse. In a Wednesday securities filing, São Paulo-based JBS said that BNDES Participações SA, the investment arm of Brazil's state development bank BNDES, opposed the plan, which included separating the company's global operations and moving them to Ireland. Click here to read full stories.
Oct 27 - Australian dairy processors raise returns to farmers as recovery hopes climb
Two of Australia's biggest dairy producers said they will raise returns to farmers on Thursday, a sign that a nascent recovery in dairy prices is beginning to filter through to the struggling industry. Fonterra Australia lifted its farmgate payout by A$0.35 while Murray Goulburn said it was setting aside a one-off sum of more than A$80 million to pay more for milk supply and fund loans for struggling farmers. Click here to read full stories.
Oct 27 - India to Import More Wheat This Year (Dow Jones)
India will likely step up its overseas wheat purchases to meet local demand after back-to-back droughts during the last two years hurt production. India's wheat imports will grow to 3 million metric tons in 2016-17 compared with the five-year average of 116,000 million metric tons, according to the U.S. Department of Agriculture. India -- the world's second-biggest producer and consumer of wheat behind China -- produces an average of 91.5 million metric tons every year. India's opening wheat stocks of 14.5 million metric tons are 23% lower than the five-year average of 18.9 million metric tons, the USDA said in a report. However, Indian wheat production has recovered 4% on year to 90 million metric tons, still 1.5 million metric tons short of the five-year average, it said.
Oct 26 - Asian CPO Closes Higher on Hopes of Lower Production (Dow Jones)
Asian crude palm oil prices rebound from losses to end higher Wednesday, amid expectations of lower palm oil production in top producers Malaysia and Indonesia. Traders are anticipating an improvement in demand from India due to the ongoing festive season. However, if demand fails to pick up in the next week, prices will head lower, a Kuala Lumpur-based analyst says. Monthly data released Tuesday by cargo surveyor Intertek Agri Services and SGS (Malaysia) Bhd. estimated Malaysia's palm oil exports were down 10.9% during the October 1-25 period. The Bursa Malaysia benchmark January contract last traded 34 ringgit higher at MYR2794 a ton.
Oct 26 - ChemChina ready for concessions to clinch delayed Syngenta deal in 2017 - source
State-owned Chinese chemicals group ChemChina is ready to offer more concessions to win European Union antitrust approval for its $43 billion bid for Swiss pesticide and seed group Syngenta, a source with direct knowledge of the process said. Clinching China's biggest-ever foreign acquisition is taking longer than planned amid a flurry of deals in the agriculture sector that Syngenta, the world's biggest pesticides maker, said on Tuesday had swamped competition watchdogs. Click here to read full stories.
Oct 26 - Brazil cuts into U.S. soybean market share with China sales
Brazil is muscling in on the peak season for U.S. soybean sales to China, the world's biggest buyer, as major producers vie to slim down bulging stockpiles after four years of record global output. In deals signed last week, exporters from the Latin American country have sold four shipments to China for delivery in November and December and more are being negotiated, trading sources said, eating into U.S. market share with aggressive pricing. Click here to read full stories.
Oct 26 - Philippines mulls extra 250,000 T in rice imports - official
Philippine authorities are keeping an eye on the country's rice supply and will decide shortly if more imports of the staple grain are needed after two typhoons hit major rice-producing provinces this month, an official said on Tuesday. The country's grains procurement agency National Food Authority (NFA) has a stand-by authority to import another 250,000 tonnes of rice in addition to the 250,000 tonnes it bought recently from Vietnam and Thailand, said Diwa Guinigundo, the deputy governor of the country's central bank. Click here to read full stories.
Oct 26 - DuPont raises profit forecast, says Dow merger may get delayed
DuPont raised its full-year adjusted profit forecast as it cuts costs ahead of its merger with Dow Chemical Co, but said the deal may not close by the end of this year as planned. Shares of DuPont, which reported a higher-than-expected quarterly profit on lower expenses and higher sales volumes, were marginally lower at $69.81 in morning trading. Click here to read full stories.
Oct 26 - Australia's richest woman invests $300 mln in British fertilizer
Hancock Prospecting (Pty) Ltd, controlled by Australian billionaire iron ore magnate Gina Rinehart, on Tuesday said it was investing $300 million in British fertiliser business Siriu