Grains, Seeds, Vegoils & Meals
Apr 27 - ADM replaces top trader amid global shakeup - memo
Archer Daniels Midland Co has replaced the leader of its global trading desk, the company confirmed to Reuters on Wednesday, as it sheds traders around the world amid a global grains glut that has squeezed profits.Gary McGuigan, most recently managing director of global trade at ADM will succeed Gary Towne as president of the global trade desk, ADM said. Reuters first learned of the appointment from an internal company memo that was leaked in Argentina. Click here to read full stories.
Apr 27 - Euronext to launch 2019 rapeseed futures with no changes to contract
Euronext will launch new delivery months on its rapeseed futures and options contracts, without changing their specifications, after market participants and industry players failed to agree on amendments, it said on Wednesday.The exchange in late January delayed the opening of delivery positions from the 2019/20 campaign onwards in order to consider enhancements to the contract specifications, including a demand to lift the oil content basis. Click here to read full stories.
Apr 27 - Major beef supplier Cargill to exit U.S. cattle-feeding business
Cargill Inc said on Wednesday it will exit the business of feeding cattle to direct capital toward other investments, the latest transformation for the global commodity trader.Minnesota-based Cargill struck a deal to sell its last two feed yards to ethanol producer Green Plains Inc for $36.7 million, after selling other feedyards to Friona Industries last year, according to the companies. Click here to read full stories.
Apr 27 - S. Africa considers strategic grain reserve as possible El Nino looms - minister
South Africa, the continent's biggest maize producer and hard hit by an El Nino-triggered drought last year, is considering a strategic grain reserve as a buffer against future shortages, its agriculture minister told Reuters.Neighbouring countries such as Zimbabwe and Zambia have such reserves, but it would entail a significant policy shift in South Africa, where commercial agriculture is market driven and the state does not act as a buyer and holder of crops. Click here to read full stories.
Apr 27 - Wet spring puts U.S. corn further at mercy of summer weather - Braun
The corn market is reminded every year about how crucial it is to have favorable summer weather in the United States, but that may be especially true this year, as an unusually wet spring could get the season off to a shaky start.Traders have been somewhat hesitant to factor in wet U.S. weather and the potential for corn planting delays to futures prices, but the risk was evident enough on Tuesday, when July corn futuresclosed up 6-1/4 cents or 1.6 percent Click here to read full stories.
Apr 27 - Russia hopes to reach compromise with Turkey over grain exports within 2 weeks
Russian Agriculture Minister Alexander Tkachev said on Wednesday that Moscow hoped to reach a compromise with Turkey over grain exports within two weeks.Turkey, traditionally the second largest buyer of Russian wheat after Egypt and the top buyer of its sunflower oil, has effectively put on hold purchases of these products from Moscow by imposing high import tariffs in March. Click here to read full stories.
Apr 27 - Canada's CPPIB pension fund plans farmland retreat - sources
Canada Pension Plan Investment Board (CPPIB) has decided against making further investments in farmland and is open to selling its existing portfolio after reviewing the operations, people familiar with the matter told Reuters this week, a shift in strategy after some local farmers voiced concerns.CPPIB began buying farmland in North America in 2012 and has since purchased about 120,000 acres in the United States and a similar amount in Canada. The country's biggest public pension fund purchased 115,000 acres of Saskatchewan farmland from Assiniboia Farmland LP in 2013 for C$128 million ($95 million)and had intended to invest another C$500 million in Canadian farmland over a five-year period. Click here to read full stories.
Apr 27 - Asian CPO Opens Stronger Led by Higher Competing Oils (Dow Jones)
Asian crude palm oil prices open slightly higher Thursday, lifted by gains in competing soybean oil prices. Investors will be keenly watching for monthly palm oil performance due later this week that might "give a new direction to the market," says a Kuala Lumpur-based trader. The Bursa Malaysia palm oil contract for July delivery is currently trading up 14 ringgit at MYR2528/ton. It opened at MYR2525/ton.
Apr 26 - Asian CPO End Higher on Hopes of Festival Demand (Dow Jones)
Asian crude palm oil price futures end higher in anticipation of better demand ahead of key festival season. However, a marginal increase in production may moderate the impact on prices, says David Ng of Philip Futures in Kuala Lumpur. He predicts prices to remain rangebound between MYR2480/ton and MYR2580/ton. The Bursa Malaysia palm oil contract for July delivery ends MYR26 at MYR2512/ton.
Apr 26 - DuPont profit beats on strong seed demand
Chemicals and seeds producer DuPont, which is merging with Dow Chemical Co, reported a better-than-expected profit for the seventh straight quarter, helped by a rise in seed sales, sending its share up 3.5 percent.DuPont, which is merging with Dow Chemical Co, continues to expect to close its merger in August, Chief Executive Ed Breen said in a statement. Click here to read full stories.
Apr 26 - China March corn imports fall to 3-1/2-year low as domestic prices drop
Corn imports to China in March plunged 99.1 percent from a year ago to their lowest since September 2013, customs data showed on Tuesday, as buying dried up after the gap between international prices and the domestic market closed.Imports last month dropped to 5,262 tonnes, data from the General Administration of Customs showed. Click here to read full stories.
Apr 26 - A2 Milk sees infant formula sales above expectations, fuelled by China
New Zealand milk company A2 Milk said on Tuesday it was seeing unexpectedly high demand for its infant formula via Chinese e-commerce and now expected higher sales in the six months to June than the previous half-year period.The company said in a statement to the stock exchange that it was forecasting revenue for the 12 months ending June at around NZ$525 million ($364.67 million), after posting revenue of NZ$388.5 million in the nine months to April. Click here to read full stories.
Apr 26 - Ukraine boosts grain exports by 52 pct in March - analyst
Ukraine boosted its grain exports to 4.54 million tonnes in March up 52 percent from 2.98 million tonnes in February thanks to record sales of maize, analyst UkrAgroConsult said on Wednesday.The maize shipments jumped to 3.1 million tonnes in March, the highest so far for the 2016/2017 marketing year that runs from July to June, from 1.8 million tonnes in February. Click here to read full stories.
Apr 26 - Agroconsult estimates Brazil will slaughter 10 pct more cattle this year
Brazil is expected to slaughter 40.4 million head of cattle in 2017, 10 percent more than in the previous year, independent consultancy Agroconsult said on Tuesday at an industry event in Sao Paulo.As a result, Brazilian beef production will rise to 10.1 million tonnes from 9.1 million tonnes, Agroconsult said. Click here to read full stories.
Apr 26 - WTO lets Mexico slap trade sanctions on US in tuna dispute
Mexico can impose annual trade sanctions worth $163.23 million against the United States after winning a dispute over trade in tuna fish, a World Trade Organization arbitrator ruled on Tuesday.Mexico's economy ministry said it planned immediate action to initiate the trade sanctions. However, the ruling could be overturned later this year if a subsequent WTO decision finds the United States has stopped discriminating against tuna caught by its southern neighbour. Click here to read full stories.
Apr 26 - Tyson Foods beefs up prepared foods with AdvancePierre buy
Tyson Foods Inc, the No. 1 U.S. meat processor, said on Tuesday it would buy packaged sandwich supplier AdvancePierre Foods Holdings Inc for about $3.2 billion in cash, to expand its fast-growing portfolio of prepared food brands.Demand for meat-based snacks has been growing as Americans shun candy and overly processed foods. This has led to a spurt in buyouts of meat snack makers in recent years, including chocolate maker Hershey's acquisition of Krave beef jerky and Conagra Brands Inc's deal to buy Duke's meat snacks. Click here to read full stories.
Apr 26 - Asian CPO Rises Amid Gain in Soyoil (Dow Jones)
Asian crude-palm-oil futures open slightly higher amid overnight gains in soybean oil. But concerns of weak demand will continue to impact prices; David Ng at Philip Futures sees CPO remaining in a MYR2,450-2,550/ton range. The Bursa Malaysia contract for July delivery is up 0.3% at MYR2,493.
Apr 25 - Egypt wheat reserves at 2.6 months, to buy 3.8 mln tonnes from local harvest
Egypt has about 2.6 months worth of wheat in its strategic reserves and expects to buy about 3.8 million tonnes from local farmers, Minister of Supply Ali Moselhy told Reuters on Monday at an event to mark the beginning of the local harvest.Egypt, the world's largest importer of the grain, has said it aims to buy about 4-4.5 million tonnes of wheat from farmers this season while cracking down on smuggling that has cost the country hundreds of millions of dollars in recent years. Click here to read full stories.
Apr 25 - Funds extend unusual bearishness in CBOT grains: Braun
Speculators showed no mercy to the grains market last week as they further slashed their already-bearish futures and options positions on the Chicago Board of Trade.In the week ended April 18, hedge funds and other money managers held a combined short position of 375,008 futures and options contracts across corn, soft and hard red wheat, and soybeans. Click here to read full stories.
Apr 25 - Senate confirms Trump's agriculture secretary
The U.S. Senate on Monday confirmed former Georgia Governor Sonny Perdue as secretary of agriculture, leaving all but one of President Donald Trump's Cabinet positions filled.Lawmakers voted 87 to 11 in favor of Perdue, who takes office as the agricultural community grapples with the key issues of trade and immigration. Click here to read full stories.
Apr 25 - CME Group plans variable storage rate for K.C. wheat futures
CME Group Inc said on Monday it plans to adjust its hard red winter wheat futures contracts, after some U.S. farmers said they had lost faith in the market because it was not converging with local cash prices.The exchange operator will implement a "variable storage rate" mechanism in the K.C. wheat futures market starting on March 18, 2018, according to a notice sent to clients. Click here to read full stories.
Apr 25 - Snowy weather worries pile onto backed-up Canada farmers
A snowy spring on the Canadian Prairies is raising jitters from the farm to the futures market about double delays in harvesting and planting in the major wheat- and canola-exporting country.Many fields went unharvested last fall due to wet weather, and farmers hoped to salvage those crops before planting the next this spring. Click here to read full stories.
Apr 25 - U.S. corn planting seen 15 pct complete, soy 2 pct - Poll
The U.S. Department of Agriculture's weekly crop progress report is expected to show that U.S. corn planting advanced slowly in the latest week, remaining well behind last year's pace.Analysts were expecting that 15 percent of corn seeding had been completed as of April 23, according to an average of estimates by 11 analysts polled on Monday. Estimates in the Reuters survey ranged from 12 percent to 19 percent. Click here to read full stories.
Apr 25 - Russian wheat export prices down on low sales activity
Russian wheat export prices fell last week due to low activity in the market ahead of the new crop arrival this summer and also because of a continuing trade dispute with Turkey, Russian agriculture consultancies said on Monday.Turkey, traditionally the second largest buyer of Russian wheat after Egypt and the top buyer of its sunflower oil, has effectively put a hold on purchases of these products from Moscow by imposing high import tariffs in March. Click here to read full stories.
Apr 25 - EU crop monitor ups grain yields, says more rain needed
The European Union's crop monitoring service slightly increased its forecastfor this year's main grain yields in the bloc but said more rain was needed in several regions to sustain its fairly positive outlook.In a monthly report published on Monday, the MARS service pegged the average EU soft wheat yield at 6.05 tonnes per hectare (t/ha) against 6.02 t/ha in its initial forecast last month. Click here to read full stories.
Apr 25 - Brazil's winter corn crop favored by weather in key regions
The advance of a cold front in southern Brazil and storms in the center-west growing region may trigger rains and bolster prospects for the country's winter corn crop this week, according to weather forecasters.The likelihood of rains in parts of Mato Grosso, Goiás and Minas Gerais will maintain good levels of soil humidity in those regions, according to RuralClima. Click here to read full stories.
Apr 25 - Iran reports H5N1 bird flu outbreak in northern part of country- OIE
Iran has reported an outbreak of the highly contagious H5N1 bird flu virus in backyard ducks in the northern part of the country, the World Organisation for Animal Health (OIE) said on Monday, citing a report from the Iranian agriculture ministry.The outbreaks killed 10 birds out of a total of nearly 230 in a house in Mahmoodabad on the coast of the Caspian Sea, the OIE said in a report posted on its website. All other animals were destroyed. Click here to read full stories.
Apr 25 - Asian CPO Falls Along With Competing Oils (Dow Jones)
Asian crude palm oil slides following declines in soybean oil. Both often move together as they're rival products for uses including cooking. On tap later Tuesday is monthly export estimates from cargo surveyors Intertek and SGS. The Bursa Malaysia palm oil contract for July delivery opened down 1.5% at MYR2,495/ton.
Apr 25 - Farmer Case Against Syngenta Heads to Trial (Dow Jones)
The first case among thousands filed against Syngenta by US corn farmers heads to trial in Minnesota, attempting to hold the Swiss crop-seed company liable for declining corn prices in late 2013 after Chinese authorities began rejecting grain shipments found to contain a genetically engineered corn variety developed by Syngenta. Farmers, including Daniel Mensik, who filed the Minnesota complaint, say Syngenta should compensate them for lower corn prices since the company marketed the biotech corn before China had approved it; Syngenta says it was up front about the corn's regulatory status in China and that the claims have no merit. Syngenta, which expects to complete its $43B sale to China National Chemical in May, reported earlier Monday that 1Q sales fell 1% to $3.7B.
Apr 25 - Tyson Looks to Offload Non-Meat Products (Dow Jones)
Tyson Foods aims to trim some fat from its product portfolio, saying it's exploring the sale of its Sara Lee Frozen Bakery, Kettle and Van's product lines to focus on protein-centric offerings. Tom Hayes, the former Hillshire Brands exec who took over as Tyson's CEO at the beginning of the year, previously hinted at such moves as he maps the path for the top US meat company by sales. Ranging from frozen desserts to waffles and soups, some of the brands going up for sale are vestiges of Hillshire, which Tyson acquired in 2014. TSN up 1% in after-hours trading to $66.
Apr 25 - Ingrédients laitiers: « La situation est préoccupante » (Institut de l'élevage)
- Si le tonus des échanges de beurre permet aux cours de grimper, le marché des protéines laitières souffre, quant à lui, d’une panne de consommation.
« Le marché des ingrédients laitiers évolue de manière totalement divergente », indique Gérard You, chef du service de l’économie de l’Institut de l’élevage. D’un côté, le beurre a la cote, grâce notamment à un manque de disponibilités et une demande tonique en Asie, en Russie, en Europe et aux États-Unis. « Le cours caracole à des niveaux historiquement très élevés », poursuit-il, précisant qu’il atteint jusqu’à 4 400 €/t.
- Pendant ce temps, le marché des protéines laitières déprime. Le cours perd son tonus de l’automne dernier. « Il se dégrade parallèlement à la hausse des fabrications de poudre de lait », explique Gérard You. Une morosité qui a de quoi inquiéter, d’autant plus que la collecte européenne devrait se redresser et dépasser au second semestre le niveau de 2016. « Auquel cas la fabrication de poudre de lait sera supérieure à celle de l’an dernier », indique-t-il.
350 000 tonnes invendables
« À l’intervention, il y a toujours 35 000 tonnes de poudre de lait, qui ne trouvent pas preneur », rappelle Gérard You. Des opérateurs, notamment en Pologne, envisageraient de proposer des offres d’achat à l’intervention. « Ce sera possible dès lors que le prix tombera en dessous du seuil, poursuit-il. Dans la limite de 109 000 tonnes au niveau européen. »
Apr 24 - U.S. corn market should not dismiss dry summer forecast for Midwest - Braun
After a string of three excellent harvests, corn traders and farmers have reason to be leery of any possible growing-season weather scares in the United States.Still, the latest summer forecast is at least worth tacking onto their radar. Click here to read full stories.
Apr 24 - Canadian farmers seen planting biggest-ever canola area
Canadian farmers intend to plant their biggest-ever canola area, exceeding trade expectations, and trim wheat sowings, according to Statistics Canada's first report on seeding for the year, released on Friday.The report turned ICE Canada November canola futures negative, dipping 0.8 percent after the report. Click here to read full stories.
Apr 24 - U.S. March feedlot cattle placements carve new monthly high
U.S. cattle ranchers in March placed 11.0 percent more cattle into feedlots than a year ago, the U.S. Department of Agriculture reported on Friday, which topped analysts' forecast and notched a record high for the month.In March packing plants paid feedyards more money for cattle, which enhanced feedlot profits enough for them to buy more calves for fattening. Click here to read full stories.
Apr 24 - Vomitoxin makes nasty appearance for U.S. farm sector
A fungus that causes “vomitoxin” has been found in some U.S. corn harvested last year, forcing poultry and pork farmers to test their grain, and giving headaches to grain growers already wrestling with massive supplies and low prices.The plant toxin sickens livestock and can also make humans and pets fall ill. Click here to read full stories.
Apr 24 - Belarus looking to sign potash supply contract with China in May
Belarus hopes to sign a new potash supply contract with China in May, Elena Kudryavets, director general of Belarusian Potash Company (BPC) told reporters on Friday.China is the world's largest consumer of potash, a crop nutrient, and a contract with it traditionally establishes a global price floor. The deal between China and Belarus was done at a big discount in July. Click here to read full stories.
Apr 24 - Dryness threatens French grains, EU cold snap less a concern
Dry weather in top European grain producer France is raising concern over this year's grain crops, with experts and analysts saying rainfall is needed soon to avoid damage.A cold snap in most of Europe this week, meantime, is expected to have little impact on cereals, observers said. Click here to read full stories.
Apr 24 - AgroGeneration core profits dip, upbeat on Ukraine reform plans
Ukrainian agriculture will become more attractive to investors due to land sales and other economic reforms planned by the government, top executives at grain producer AgroGeneration said on Friday as the firm announced results.The Paris-listed firm, which farms about 100,000 hectares in Ukraine, reported a dip in full-year earnings before interest, tax, depreciation and amortisation (EBITDA) to 19.4 million euros ($20.74 million) for 2016 from 19.9 million euros in 2015. Click here to read full stories.
Apr 24 - Rwanda says fall army worms damage 17 pct of maize crop
Rwanda said on Friday crop-devouring caterpillars known as fall army worms had damaged 17 percent of its maize crop and the military had joined the fight to halt their spread.The pest is native to the Americas but has spread to African countries including Zambia, Zimbabwe, Malawi, South Africa, Namibia, Mozambique, the Democratic Republic of Congo and Uganda. Kenya is investigating a possible outbreak. Click here to read full stories.
Apr 24 - California rains muddy farm fields, higher vegetable prices soak shoppers
Record rains are a double-edged sword for California's Salinas Valley: While the recent deluge virtually ended the state's historic drought, it also created muddy, unworkable fields - sending prices for everything from kale to cauliflower soaring.The famed agricultural region just south of Silicon Valley is usually a springtime sea of green vegetables. But this year, there are patches of brown unplanted dirt in "America's salad bowl," which supplies more than 60 percent of the country's leaf lettuce and almost half of its broccoli. Click here to read full stories.
Apr 24 - Zambia to lift suspension on maize exports as drought fears ease
Zambia will allow monitored maize exports this year as the country expects to have a surplus of the staple crop, President Edgar Lungu said on Friday, after foreign sales were suspended in 2016 as a drought threatened output and pushed up prices.Lungu said in a statement that the private sector had expressed concern over the ban on exports. "The worry is that substantial maize surplus may spill into the new season," he said. Click here to read full stories.
Apr 24 - Malaysian AM, PM Cash Market Prices for Palm Oil Unavailable due to a holiday (Israk & Mikraj)
Apr 21 - Asian CPO Ends Up on Weak Output Growth (Dow Jones)
Asian crude palm oil price futures end Friday's session higher as investors were buoyed by a weaker-than-expected rise in production. "A not-so-big jump in production will lift export demand in the near-term," notes David Ng, an analyst at Philip Futures brokerage in Kuala Lumpur. He predicts prices to trade between MYR2480/ton and MYR2580/ton. The Bursa Malaysia benchmark palm-oil contract for June delivery ends up MYR24 at MYR2528/ton.
Apr 21 - Brazil 2016-17 corn output seen at 93.2 mln T, soy 110.8 mln T
Brazilian farmers should produce a record 2016-17 corn crop of 93.2 million tonnes this year, a Reuters poll indicated on Thursday, above the 89.6 million tonnes expected in a previous survey.Corn output will be boosted by a record second corn crop (winter crop) seen by market analysts surveyed by Reuters at 63 million tonnes. Soy production in 2016-17 is expected to reach 110.8 million tonnes compared to 106.8 million tonnes in a previous poll. Click here to read full stories.
Apr 21 - Port workers in Argentine grains hub to hold wage protests
Port workers in Argentina's main grains hub of Rosario will hold flash protests and block access gates over the weeks ahead as part of wage negotiations in which they are demanding a 40 percent pay increase, a union leader said on Thursday.Wage strikes and protests are common in Argentina, which had an inflation rate of about 40 percent last year. The central bank aims to cut inflation by more than half in 2017. Click here to read full stories.
Apr 21 - Brazil's JBS to resume slaughtering at six idle beef units next week
The world's largest meatpacker JBS SA will next week resume slaughtering at six out of 10 beef processing units after sending workers on temporary leave earlier this month, the company said in a statement on Thursday.Another four units will restart operations on May 2 after "reforms, operating adjustments and the modernization of equipment" is concluded, the company said. Click here to read full stories.
Apr 21 - Trudeau defends Canada's dairy system against Trump protectionist charge
Canadian Prime Minister Justin Trudeau on Thursday brushed off an attack by U.S. President Donald Trump on Canada's system of dairy protections, saying every nation defended its agricultural industries.Trudeau told Bloomberg Television that the United States in fact ran a dairy surplus with Canada. Trump took aim at Canada's dairy industry this week and said on Thursday "what they've done to our dairy farm workers is a disgrace". Click here to read full stories.
Apr 21 - South Africa maize forecast seen down slightly from previous, still bumper crop - poll
South Africa's Crop Estimates Committee (CEC) is expected to slightly lower its summer maize forecast when it gives its third estimate next week but a bumper harvest is still seen, a Reuters survey of four analysts and institutions showed on Thursday.The CEC, which gives its next forecast on Tuesday, is seen pegging the harvest at 14.175 million tonnes, about 1 percent lower than its previous estimate of 14.32 million tonnes. Click here to read full stories.
Apr 21 - Asian Crude Palm Oil Opens a Tad Lower (Dow Jones)
Asian crude palm-oil price futures edge lower despite improved export demand. Traders say concerns about overproduction has rattled investors, but demand is expected to improve further in coming weeks. The Bursa Malaysia palm oil contract for July delivery is down MYR4 at MYR2,500/ton.
Apr 20 - Asian CPO Ends up on Stronger Demand Despite Ongoing Output Concerns (Dow Jones)
Asian crude palm oil prices end Thursday's session higher, boosted by stronger palm oil export demand. Concerns of higher palm oil output amid crop recovery in top growers Malaysia and Indonesia have kept the mood of the market low of late, but expectations of better demand are helping lift investor sentiment, traders say. The Bursa Malaysia palm oil contract for July delivery ends 39 ringgit higher at MYR2504/ton.
Apr 20 - Brazil to offer up to $159 mln in corn subsidies amid record crop
The Brazilian government will offer up to 500 million reais ($159 million) in subsidies to help corn producers sell their large crop in the 2016/17 cycle, it said in Wednesday's edition of the federal register.Corn buyers would compete in auctions for the grants they are allowed to receive when closing purchases of the grain in the domestic market. Producers would receive at least the minimum guaranteed price set by the government each year. Click here to read full stories.
Apr 20 - Paraguayan corn shipment headed for U.S. port - source
A shipment of Paraguayan corn was due to arrive next month at the U.S. port of Wilmington, North Carolina, a U.S. grains trader said on Wednesday.The vessel Nord Bering was moored at the Brazilian port of Paranagua, according to Thomson Reuters Eikon data. It was scheduled to arrive in Wilmington by May 20, according to the port website. Click here to read full stories.
Apr 20 - Slow start to U.S. corn planting may lead to tug-of-war with soy - Braun
U.S. farmers are off to a slow start on corn plantings and even though it is still very early in the 2017 season, the numbers may already imply that total corn acres could be less than the 89.996 million that the market currently expects.The U.S. Department of Agriculture placed corn planting progress at 6 percent in the week ended April 16, slightly below the pre-report trade guess of 8 percent. The figure stands behind both last year and the five-year average, which were 12 percent and 9 percent, respectively. Click here to read full stories.
Apr 20 - Argentina's 2017-18 wheat crop seen rising to 17.5 mln tonnes
Argentine farmers are expected to plant 5.5 million hectares with wheat and harvest 17.5 million tonnes in the upcoming 2017-18 season compared with 16.3 million tonnes in 2016-17, the Buenos Aires Grains Exchange said in a report released on Wednesday.Planting of the grain has increased since the government eliminated wheat and corn export taxes in 2015. Click here to read full stories.
Apr 20 - Canada's resilient dairy sector girds for Trump fight
For decades, Canada's protected dairy sector has riled rival exporters from Asia to Europe who resent having limited access to a wealthy consuming nation. But that could change now U.S. President Donald Trump has taken up the cause, trade experts said on Wednesday.Despite an earlier challenge before the World Trade Organization and concerns by domestic producers that it may be threatened by sweeping trade deals with three continents, Canada's supply management system, as the policy around dairy imports and production is known, has proven all but impossible to vanquish. Click here to read full stories.
Apr 20 - South Korea's NOFI tenders to buy 207,000 tonnes corn
South Korea's largest feedmaker Nonghyup Feed Inc. (NOFI) has issued an international tender to purchase up to 207,000 tonnes of yellow corn to be sourced from optional origins, European traders said on Thursday.The tender also closes on Thursday, April 20, they said. Click here to read full stories.
Apr 20 - Turkey buys 65,000 tonnes of corn, European origin - trade
Turkey's state grain board TMO bought about 65,000 tonnes of corn to be sourced from the European Union and Serbia in a snap tender on Wednesday, traders said.The tender had sought rapid shipment between April 24 and May 7, they said. Click here to read full stories.
Apr 20 - Russia says will not reopen its tomatoes market to Turkish imports
Russia does not intend to open up its market for tomatoes to Turkish growers, despite losing up to $1.5 billion from a trade dispute with Ankara, Russian Agriculture Minister Alexander Tkachev said on Wednesday.Turkey has effectively put purchases of wheat, maize (corn) and sunflower from Russia on hold by imposing high import tariffs last month. Click here to read full stories.
Apr 20 - Asian CPO Rebounds Some Ahead of Export Data (Dow Jones)
Asian crude palm-oil futures open higher following recent weakness amid hopes of improved exports. Data on that will be out later Thursday, which will set the market's ultimate tone today. Meanwhile, the Bursa Malaysia palm oil contract for July delivery is up 1% at MYR2,490/ton.
Apr 19 - Asian CPO Ends Lower on Fears of Weak Demand (Dow Jones)
Asian crude palm oil future prices ended Wednesday's trading session slightly lower. Concerns about sluggish demand and higher production have kept investors at bay, says David Ng of Philip Futures in Kuala Lumpur. He expects prices to trade in a range between MYR2400/ton and MYR2520/ton over the next few days. The Bursa Malaysia palm oil contract for July delivery ends MYR8 at MYR2465/ton.
Apr 19 - China to work off corn stockpile in 3-5 years - COFCO Biochemical exec
China will work off its corn stockpile in the next three to five years, said an executive at one of the country's top corn processing firms on Wednesday, as firms ramp up processing capacity to use up the old stocks of grain.COFCO Biochemical, a listed subsidiary of the state-owned Chinese grains trader COFCO, for example, will boost its annual corn processing capacity to more than 10 million tonnes by 2020, up from 6 million tonnes a year now, said general manager Tong Yi on the sidelines of a conference. Click here to read full stories.
Apr 19 - Trump vows to back U.S. dairy farmers in Canada trade spat
U.S. President Donald Trump promised on Tuesday to defend American dairy farmers who have been hurt by Canada’s protectionist trade practices, during a visit to the cheese-making state of Wisconsin.Canada's dairy sector is protected by high tariffs on imported products and controls on domestic production as a means of supporting prices that farmers receive. It is frequently criticized by other dairy-producing countries. Click here to read full stories.
Apr 19 - India's 2017 monsoon rains seen at average levels - weather office
India's crucial monsoon rains are expected to be of an average amount in 2017, the weather officesaid on Tuesday, easing concerns over farm and economic growth in the world's leading producer of an array of agricultural goods.The monsoon is the lifeblood for India's farm-dependent $2 trillion economy and nearly two thirds of India's 1.3 billion people depend on agriculture for a living. Click here to read full stories.
Apr 19 - South Korea's KFA seeks to buy up to 130,000 T corn
The Korea Feed Association (KFA) has issued an international tender to purchase up to 130,000 tonnes of corn to be sourced from optional origins, European traders said on Wednesday.The tender from the KFA's Busan section also closes later in the day, they said.The tender seeks corn in two consignments of 50,000 tonnes and 65,000 tonnes. Click here to read full stories.
Apr 19 - Analyst raises Ukraine 2017/18 grain harvest, export forecast
Ukraine's UkrAgroConsult agriculture consultancy on Wednesday raised its forecast for the 2017 grain harvest to 61.4 million tonnes from a previous estimate of 60.9 million tonnes.A stronger harvest would likely raise the 2017/18 grain export forecast to 39.5 million tonnes from 38.8 million tonnes, the consultancy said in a statement. Click here to read full stories.
Apr 19 - Strong beef demand lifts CME live cattle to 1-year high
Chicago Mercantile Exchange live cattle on Tuesday spiked to their highest since mid-April 2016, driven by improved wholesale beef demand that may underpin cash prices this week, said traders.They said profit-taking pulled back-month futures down from new contract highs achieved earlier in the session. Click here to read full stories.
Apr 19 - Mexico, looking south, sees trade deal with Argentina around year's end
Mexico, seeking closer ties with the rest of Latin America, expects to finish negotiations on a trade deal with Argentina involving cars and agricultural products around the end of the year, Mexico's deputy minister for foreign trade said in an interview on Tuesday.Mexico has been trying to diversify its trade partners since Donald Trump was elected president of the United States, its biggest export market. Click here to read full stories.
Apr 19 - Asian CPO Down Amid Worries on Production (Dow Jones)
Asian crude palm oil falls as investors continue to worry about production being higher in coming months amid a rebound from 2016's El Nino impacts. Meanwhile, oversupply of soybean oil is expected to put further pressure on CPO, notes David Ng of Philip Futures in Kuala Lumpur. The Bursa Malaysia palm oil contract for July delivery is down 0.5% at MYR2,460/ton.
Apr 18 - China to grow 5.5 pct less corn this cycle as acreage drops - poll
Chinese farmers will plant less corn this season, resulting in the smallest crop in six years, as the world's top grains producer seeks to whittle down its huge glut of the grain and boost production of soybeans, according to a Reuters poll.During the spring planting season that starts in April, growers will cut their corn acreage for a second straight year to 35.2 million hectares, according to the median of estimates from four responses to the poll. That is 4.1 percent lower than the 36.7 million hectares that China's National Bureau of Statistics (NBS) reported planted during the last crop year. Click here to read full stories.
Apr 18 - Fund corn, soy shorts a perfect recipe for rebound in futures - Braun
Speculators do not typically like to be short the grain and oilseed market at this time of year. But swelling global supplies have lured funds away from a bullish mindset to a fairly substantial degree, and this could add fuel to a possible spring or summer futures rally.Hedge funds and other money managers stood firm in their bearish view of Chicago grain and oilseed futures and options in the week ended April 11, according to the U.S. Commodity Futures Trading Commission. Click here to read full stories.
Apr 18 - Canadian farmers seen planting second-biggest canola area
Canadian farmers intend to expand plantings of canola this spring to their second-biggest area ever, and roll back wheat sowings to a six-year low, according to a Reuters industry poll of 14 traders and analysts ahead of a government report.Attractive canola prices during the winter gave farmers opportunities to lock in profitable prices for their next harvest, said Jerry Klassen, Winnipeg-based manager of Swiss trading house GAP SA Grains and Produits. Click here to read full stories.
Apr 18 - NOPA March crush of 153.060 mln bushels misses forecast
U.S. soybean crushings fell below expectations during March as plants in Iowa sharply cut back their processing pace from a year ago, the National Oilseed Processors Association said on Monday.NOPA said that its members crushed 153.060 million bushels during March, up from 142.792 million bushels in February. A year ago, the March crush totaled 156.690 million bushels. Click here to read full stories.
Apr 18 - Russia's April grain exports seen at up to 3.1 mln T
Russia is expected to reduce its grain exports to between 3.0 million and 3.1 million tonnes in April from 3.8 million tonnes in March due to lower supplies to Turkey, SovEcon agriculture consultancy said in a note on Monday.Turkey, the second largest buyer of Russian wheat after Egypt, has effectively put purchases of wheat, maize (corn) and sunflower from Russia on hold by imposing high import tariffs from mid-March. Click here to read full stories.
Apr 18 - Turkmenistan invites bids for second potash plant construction
Turkmenistan invited official bids on Monday for a project to build the Central Asian nation's second potash plant, stepping up the government's push to compensate for a downturn in its natural gas sector.The announcement published by state-run Turkmenhimiya said the plant would be based at the Karabil potash deposit. It provided no financial details, but two sources at the company told Reuters the project is worth about $1.4 billion. Click here to read full stories.
Apr 18 - Morocco expects 200 pct leap in cereals harvest to 10.2 mln T
Morocco expects its cereals harvest to reach 10.2 million tonnes this year, up more than 200 percent from last year's 3.35 million tonnes thanks to higher rainfall, the Ministry of Agriculture said on Monday.Agriculture accounts for more than 15 percent of the economy and the improved harvest is expected to accelerate growth, with Morocco's central bank forecasting 4.3 percent growth in 2017, up from 1.1 percent last year, supported by a recovery in agricultural output. Click here to read full stories.
Apr 18 - Asian CPO Opens Higher on Soyoil Gains (Dow Jones)
Asian crude palm-oil price futures start higher following overnight gains in soybean oil, which is often used as a substitute. As such, their prices often move in tandem. Expectations of higher export demand ahead of festivals has for the moment overridden concerns about overproduction and swelling inventories of palm oil, traders say. The Bursa Malaysia palm oil contract for July delivery rose 0.5% to MYR2,511/ton.
Apr 17 - Asian CPO Ends Lower on Production Worries (Dow Jones)
Asian crude palm oil price futures end lower Monday on persistent concerns about over production. "Investors are nervous about production being higher for a second month. This has led prices on a downtrend," says David Ng of Philip Futures in Kuala Lumpur. Besides, sluggish export demand for palm oil dampened the mood of the market, he adds. The Bursa Malaysia palm oil contract for July delivery ends 8 ringgit lower at MYR2495/ton.
Apr 17 - China cuts 2017 corn acreage 4 pct in bid to tackle giant stockpiles
China's planned corn acreage will fall 4 percent this year, its second straight annual drop, as Beijing tries to whittle down its huge corn glut and boost planting of soybeans.According to survey results from the National Bureau of Statistics published on Monday, the shrinking corn acreage will be accompanied by an 8.1 percent jump in land dedicated to soybean crops this year. Click here to read full stories.
Apr 17 - Speculators increase net short positions in soybeans, corn, wheat -CFTC
Large speculators increased their net short position in Chicago Board of Trade corn futures in the week to April. 11, regulatory data released on Friday showed. The Commodity Futures Trading Commission's weekly commitments of traders report also showed that noncommercial traders, a category that includes hedge funds, increased their net short position in CBOT wheat and increased their net short position in soybeans. Click here to read full stories.
Apr 17 - Iraq says to import wheat and rice through direct contracts
Iraq's Trade Ministry said on Sunday it was negotiating direct contracts for the import of rice and wheat after multiple failures to secure them through international tenders.Iraq had been struggling to import the grains for its food subsidy programme after introducing new payment and quality terms that kept traders away from its international tenders. Click here to read full stories.
Apr 17 - Rains seen stalling planting in western U.S. Corn Belt next week
Rain showers forecast across the western half of the U.S. Corn Belt next week are likely to stall farmers as they try to plant corn and soybeans, agricultural meteorologists said on Thursday."In terms of seeding progress in the central and southwestern Midwest, it will be a tough go as we get into next week and beyond," said Joel Widenor, meteorologist with the Commodity Weather Group. Click here to read full stories.
Apr 17 - Strategie Grains lifts EU wheat export outlook on Turkey demand
Strategie Grains on Thursday raised its forecast for European Union soft wheat exports this season as it factored in Turkish demand after Turkey halted imports of Russian wheat. EU soft wheat exports in 2016/17 were pegged at 23.5 million tonnes, up 300,000 tonnes from Strategie Grains' previous monthly estimate. Click here to read full stories.
Apr 17 - Armyworms ravage crops in southern Ethiopia
Crop-eating caterpillars known as fall armyworms have damaged crops across southern Ethiopia, the latest country to be struck by the pests in a region already struggling with widespread drought and hunger, authorities said on Thursday.In March, Uganda confirmed that the caterpillars had attacked crops on farms in about 20 districts in the country, while neighbouring Kenya has dispatched a team of scientists and other experts to investigate reports of their appearance. Click here to read full stories.
Apr 17 - U.S. weather forecaster sees chance of El Niño later this year
A U.S. government weather forecaster on Thursday projected the possibility of closely-watched El Niño phenomenon developing in the Northern Hemisphere late summer or fall.The Climate Prediction Center (CPC), an agency of the National Weather Service, in its monthly forecast said neutral conditions are favored to continue through at least the spring, with increasing chances of El Niño developing toward the second half of 2017. It pegged those chances at 50 percent from August through December. Click here to read full stories.
Apr 17 - U.S. to launch probe into Argentina, Indonesia biodiesel imports
The United States said on Thursday it would start an investigation into imports of biodiesel from Indonesia and Argentina for possible dumping and subsidisation.The U.S. International Trade Commission is scheduled to make a preliminary decision by May 8 on whether such imports hurt U.S. producers, the U.S. commerce department said in a statement. Click here to read full stories.
Apr 17 - Asian CPO Opens Higher on Export Outlook (Dow Jones)
Asian crude palm oil price futures open higher Monday amid hopes of better export demand for the commodity. Cargo surveyors Intertek and SGS are due to release monthly export estimates for the first 20 days of this month. "This will set the mood of the market," says David Ng of Philip Futures in Kuala Lumpur. The Bursa Malaysia benchmark palm-oil contract for July delivery is currently trading MYR19 higher at MYR2522/ton. It opened at MYR2523/ton.
Apr 14 - Asian CPO Ends Lower in Quiet Day of Trading (Dow Jones)
Bursa Malaysia palm-oil prices fell again as the market continues to price in improved production of palm oil and better supplies. Furthermore, increasing supplies of other oilseeds is also weighing heavily on prices of palm oil that is used in everything from lipstick to cookies. The focus now will be on the release of Malaysia palm-oil export estimates for the first 15 days of April as investors look to see whether demand holds up. The Bursa Malaysia benchmark palm-oil contract ended down 0.7% at 2,547 ringgit a ton.
Apr 14 - Asian CPO Should Be Quiet Amid Holiday Impacts (Dow Jones)
Asian CPO prices are likely to trade sideways as market volumes should be light with many Asian markets closed amid Good Friday. There will be some focus on the release of export estimates early next week to see whether palm-oil shipments from Malaysia continue to hold up as many analysts expect. The Bursa Malaysia benchmark palm-oil contract for June delivery fell 0.9% Thursday.
Apr 13 - India Vegetable-Oil Imports Remain Lower (Dow Jones)
This season's vegetable-oil imports remained down 8% through March amid continued weak demand and high domestic inventories, a trade body sales. The decline from November-February was also 8% form a year earlier. Local supplies have improved after a solid oilseed crop last summer, notes the Mumbai-based Solvent Extractors' Association of India. Meanwhile, some demand was crimped by demonetization.
Apr 13 - China March soybean imports rise to 6.33 mln tonnes; set monthly record
China, the world's largest soybean buyer, imported 6.33 million tonnes of the beans in March, a record for the month, as supplies from presale orders landed, figures from the General Administration of Customs of China showed on Thursday. March imports were up 3.8 percent from 6.1 million tonnes in the same month a year ago and were 14.3 percent higher than February's 5.54 million tonnes, the data showed. Click here to read full stories.
Apr 13 - Syngenta says Mexican remedies for ChemChina deal will not have major impact
Swiss pesticides and seeds group Syngenta AG said Mexican regulatory conditions for approving ChemChina's planned $43 billion takeover bid will not have a major impact on the business. Mexico's antitrust commission COFECE approved the deal on Tuesday on condition that Syngenta divests five products, without naming them, in order to avoid risks to competition. Click here to read full stories.
Apr 13 - French wheat stocks forecast trimmed on supply revision
Farming agency FranceAgriMer on Wednesday cut its forecast for French soft wheat stocks at the end of the 2016/17 season, after revising downwards how much of the crop it expects to be marketed from last year's harvest. In its monthly supply and demand outlook for cereals, FranceAgriMer projected soft wheat stocks at the close of the 2016/17 season on June 30 at 2.6 million tonnes, down from 3.0 million forecast in March and below the average of the past five seasons. Click here to read full stories.
Apr 13 - South Africa's ratings downgrades to squeeze farmers, fan food prices
South Africa's drought-stricken farmers could come under extra pressure after the currency weakened in the fallout from a credit ratings downgrade to junk status that could also push up food prices, industry experts said. Ratings agencies S&P and Fitch downgraded South African debt to sub-investment grade while Moody's placed its sovereign credit rating on review, citing President Jacob Zuma's decision to fire finance minister Pravin Gordhan as one reason. Click here to read full stories.
Apr 13 - Ukraine farm ministry confirms 16/17 grain export forecast of 42 mln T
Ukraine's agriculture ministry on Wednesday officially confirmed planned exports of around 42 million tonnes of grain in the 2016/17 July-June season. Earlier this year the ministry saw exports at around 41 million tones this season while the minister Taras Kutovy said the volume could be higher. Click here to read full stories.
Apr 13 - Solid Growth Seen for Malaysia Palm-Oil Output (Dow Jones)
Malaysia palm-oil production is expected to increase 10% in the current season and 8% in the 2017-8 one as palm trees recover from stress following a prolonged dry period last season in the wake of El Nino, says the USDA. Beyond improved weather, it notes the use of high-yield seedlings introduced starting in 2010 is improving output, "although there has been less expansion in planted area." Despite higher output in Malaysia, its palm-oil exports are seen rising this season "due to stiff competition from Indonesia and other edible oils."
Apr 13 - China Sees Soybean Imports Topping Prior Views (Dow Jones)
China raises its soybean-imports for the year through Sept. 30 thanks to ample global supplies and not-high import costs, says the Ministry of Agriculture. It now expects imports to total 86.6 million tons, versus 85.3 million before. Meanwhile, it cuts the year's anticipated sugar production by 4.6% as less was planted than anticipated.
Apr 12 - Brazil farmers 'hope for a miracle,' hoard soybeans
Faced with weak international prices and a record harvest, Brazil's soybean farmers have been hoarding their crop in hopes the market will rebound in the coming months, a strategy analysts warn could go badly wrong. Soybean prices in Brazil have fallen steadily since the middle of last year, when producers were booking advance sales for the 2016/17 harvest, pressured by an appreciation in the local currency and lower prices on the Chicago Board of Trade (CBOT). Click here to read full stories.
Apr 12 - USDA raises outlook for global soy, grain supplies
The U.S. Agriculture Department on Tuesday raised its outlook for global soybean, corn and wheat inventories above traders' expectations, adding pressure to futures prices already struggling under the weight of massive supplies. The USDA, in a monthly report, pegged global soybean ending stocks at 87.41 million tonnes, up from 82.82 million in March. Analysts had expected an increase only to 83.91 million, according to a Reuters poll. Click here to read full stories.
Apr 12 - More upside possible for Brazil's already-massive soy crop -Braun
Brazilian soybean production breezed past market expectations again on Tuesday, which has been a recurring theme throughout the current South American growing season. And if history is any indication, output estimates for the already-record crushing crop are unlikely to have topped out just yet, at least according to USDA. Click here to read full stories.
Apr 12 - Argentina's soy, corn harvest forecast to get help from sunny days ahead
A sunny week ahead in Argentina's Pampas grains belt should allow farmers to resume corn and soy harvesting that was interrupted over recent days by heavy rains, local meteorologists said on Tuesday. Some 700,000 hectares of prime soy and corn area have been lost to bad weather in the 2016/17 crop year, according to the Buenos Aires Grains Exchange. Harvesting combines got stuck in soggy ground over recent days while cargo trucks were delayed by flooded roads. Click here to read full stories.
Apr 12 - Brazil raises soy crop view for fourth time this year to 110.2 mln t
Brazil's agricultural statistics agency Conab on Tuesday raised for the fourth time this year its estimate for the country's 2016/17 soybean crop, now seen at 110.2 million tonnes, a 2.4 percent increase from March's forecast. The agency said corn output in the season should reach 91.5 million tonnes, compared to 88.9 million tonnes estimated last month, as favorable weather for grains continue to boost crop prospects in Brazil. Click here to read full stories.
Apr 12 - Brazil's beef export volume up 20 pct despite meat scandal -Abiec
Brazil's total beef exports rose in March despite a food safety scandal that caused many countries to question the quality of its meat products and impose temporary import bans. Total beef exports, including fresh and processed varieties, reached 125,000 tonnes in March, up 20 percent from February, beef exporters association Abiec said in a statement on Tuesday. Click here to read full stories.
Apr 12 - Lowest offer in Iraq's wheat tender from non-permitted origin
The lowest price offer in a tender from Iraq’s state grains board for at least 50,000 tonnes of hard wheat was from Russia, an origin not permitted under the tender terms, European traders said on Tuesday. The tender had requested wheat sourced only from the United States, Canada or Australia, they said. Click here to read full stories.
Apr 12 - Indonesia Palm-Oil Exports Seen Falling Modestly (Dow Jones)
Indonesia palm-oil exports are set to fall 3% in the year ending Sept. 30 on lower production shipments of palm-kernel-meal (used in animal feed) are also to expected to drop, the USDA says. But it adds global output is seen rising 7%. Bursa Malaysia benchmark palm-oil prices are down 0.2% at MYR2,606/ton.
Apr 12 - NZX Whole Milk Powder Retain Bullish Tilt on NZ Weather (Dow Jones)
NZX whole milk powder futures retain a bullish tilt due to concerns over flooding across New Zealand's North Island, says Tobin Gorey, economist at Commonwealth Bank of Australia. "After being lashed by the remnants of ex‑tropical Cyclone Debbie last week, the country is now bracing for more heavy rainfall as Cyclone Cook bears down." He says that the deluge of rain could slow grass growth and thus dent late‑season milk production in the world's largest dairy exporter. The NZX front month whole milk powder contract is trading up US$5 a ton at US$3,000 a ton.
Apr 12 - Lower Food Prices Keep China CPI Modest (Dow Jones)
Lower food prices weighed on China CPI last month, with vegetable prices slumping 28% from a year earlier, eggs falling 12% and pork prices down 3.2%. Combined, they shaved some 1.1 percentage points off CPI, which overall increased 0.9% form a year earlier. Meanwhile, medical costs rose 0.5% in March and rent was 2.8% higher than a year earlier, accelerating from February's increases. Excluding food, CPI rose 2%, essentially the same as February, says Sheng Guoqing, an economist at the statistics bureau.
Apr 11 - Asian CPO Ends up on Stronger Export Demand (Dow Jones)
Asian crude palm-oil price futures recover from losses to end higher Tuesday, amid improved demand for the commodity. Prices slid below 2600 ringgit per ton a day earlier amid bearish sentiment after the Malaysian Palm Oil Board released data showing higher production and mounting inventories. However, prices have recovered on profit taking, on hopes of better demand after cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. estimated exports up more than 20% during the April 1-10 period. David Ng of Philip Futures in Kuala Lumpur expects palm-oil prices to trade between MYR2550/ton and MYR2700/ton in the near term. The Bursa Malaysia benchmark palm-oil contract for June delivery ends up MYR21 at MYR2614/ton.
Apr 11 - Brexit to trigger UK farm policy overhaul and EU funding gap (Reuters)
Britain is expected to radically overhaul agricultural policy after it leaves the European Union and the bloc may have to make changes too when it loses Britain's net contributions to the region's farming budget.For the first time in decades, farmers in Britain will have to fight for a slice of government funds with departments such as health and education once Brussels hands over the purse strings for farming budgets to London. Click here to read full stories.
Apr 11 - Philippines' Duterte orders grains agency to buy local rice before importing
Philippines President Rodrigo Duterte on Monday ordered the state grains agency to purchase rice from local farmers to boost stockpiles, saying that importing at the moment was not a good move. He issued the directive just hours after the National Food Authority (NFA) said it needed to buy 490,800 tonnes of rice to boost its stockpiles that have fallen below the required level ahead of the July-September lean harvest season. Click here to read full stories.
Apr 11 - Australian farmers commit to wheat despite price slump, dry weather
Australian farmers will maintain wheat acreage during the 2017/18 season at a near three-year high, farmers and analysts said on Tuesday - rejecting incentives to plant alternative crops amid low prices and unfavourable weather forecasts. Australia - the world's fourth-largest wheat exporter - will begin planting wheat crops in the next few weeks and despite benchmark prices lingering near a decade low, farmers will maintain wheat acreage at similar levels to last year, the highest since 2014. Click here to read full stories.
Apr 11 - Grains piled on runways, parking lots, fields amid global glut
Iowa farmer Karl Fox is drowning in corn. Reluctant to sell his harvest at today's rock-bottom prices, he has stuffed storage binsat his property full and left more corn piled on the ground, covered with a tarp. He would rather risk potential crop damage from the elementsthan pay the exorbitant cost of storage elsewhere. Click here to read full stories.
Apr 11 - Record bearish tone on CBOT grains extends into April - Braun
The U.S. Department of Agriculture’s reports on domestic planting and stocks only seemed to perpetuate the bearish momentum in the agriculture markets last week as speculators continue to grapple with ballooning global supply. Soybeans and byproducts got hit the hardest this week as the bulls are outnumbered in the soy complex for the first time since March 8, 2016. Click here to read full stories.
Apr 11 - China edible oil price slump to hit palm oil imports
Steep falls in Chinese edible oil prices have knocked soybean processing margins deep into negative territory, leading to a likely drop in imports of palm oil by the world's top oilseed buyer. Higher vegetable oil imports in past months and regular auctions of state rapeseed oil reserves have led to a glut of edible oils, cutting the price of soybean oil futures on the Dalian exchange by 15 percent since end-January. Click here to read full stories.
Apr 11 - Potash seller Canpotex aims for 'material' price bump from China
Canadian potash exporter Canpotex Ltd is pressing Chinese buyers to pay a "material" price increase for the fertilizer in their annual supply contract, as spot values in other markets rise off multi-year lows, Canpotex's chief executive said on Monday. "We're not interested in some kind of ratcheting down. That is for sure," CEO Ken Seitz told Reuters in a telephone interview from Saskatoon, Saskatchewan, where Canpotex, owned by miners Potash Corp of Saskatchewan Inc, Mosaic Co and Agrium Inc, is based. Click here to read full stories.
Apr 11 - U.S. to seek China access for beef, services: White House
U.S. trade negotiators will try to hammer out deals with China over the next 100 days to resume imports of American beef and to allow U.S. access to China's closed services sector, White House spokesman Sean Spicer said on Monday. Spicer said that U.S and Chinese officials were still at the early stages of "fleshing out" a pledge by President Donald Trump and Chinese President Xi Jinping to develop 100-day plan to help reduce China's massive trade surplus with the United States that was made at their first meeting in Florida last week. Click here to read full stories.
Apr 11 - Nomura Cuts Asia CPO Average Price Forecasts for 2017, 2018 by 3% (Dow Jones)
Nomura has cut its crude palm oil average price forecasts by 3% for 2017 and 2018 to 2700 ringgit and 2750 ringgit respectively, due to pressure on currency movements. It adds, however, that rising palm oil exports should support near-term CPO prices with exports in 2Q expected to improve on demand from India, Pakistan and the Middle East ahead of Ramadan, which begins in late May. It adds that recent observations suggest that the likelihood of El Niño in 2017 has risen to about 50%, according to Australia's Bureau of Meteorology and a prolonged El Niño event would drive CPO prices higher by 7% based on its estimates, due to weak production. Bursa Malaysia benchmark palm oil prices are trading up MYR3 a ton at MYR2,596 a ton.
Apr 11 - Malaysia's Plantations Sector Pricey Versus Indonesia, Singapore (Dow Jones)
TA Securities sees Malaysia's plantations sector having relatively pricey valuations versus its Singapore and Indonesia peers. Adding to this is the latest data that show palm oil stockpiles in Malaysia coming in higher than estimates, mainly due to higher-than-expected production and imports. The higher stockpile could weigh on crude palm oil prices. TA Securities says re-rating catalysts include higher crude palm oil price, downward revisions in soybean production estimates and better-than-expected demand from China and India. TA Securities' only buys are IJM Plantations and United Malacca.
Apr 11 - India Groundnut Exports Rise as Vietnam Buys More (Dow Jones)
India's groundnut exports have risen by over a third, thanks to ample local production and strong demand from Vietnam and Indonesia. Total shipments were up 34% at 653,000 tons for the April-to-February period, compared with 488,000 tons a year ago, according to the Agricultural and Processed Food Products Export Development Authority. The bumper crop brought down prices and made India competitive in the international market, says Kamlesh Badani, of Badani Exports. Groundnut and soybean account for nearly 80% of India's summer-sown oilseeds output.
Apr 10 - Chase for tastier tortillas starts with age-old 'Mexican gold'
Under a scorching sun, Clemente Enriquez tips his wide-brimmed hat up as he proudly displays in an open palm the conico corn seeds he plants on his small plot in the rolling hills outside this village west of Mexico City. "These are very special," said Enriquez, a 78-year-old farmer with shaggy gray hair and bushy black eyebrows, speaking on the edge of a neighbor's field. "I've been growing these for years. I like the size of the seed and the color, and the taste of the tortillas you can make with them." Click here to read full stories.
Apr 10 - EU maize sowings kick off in the EU, French area seen falling
Maize sowings have started in good conditions in the European Union with first indications pointing to a lower area sown in top producer France, mainly to the profit of sugar beet as farmers prepare for a lifting of EU quotas in the autumn. Still, the final French production of grain maize (corn), mostly used in livestock feed, should be higher than its drought-hit harvest in 2016 and keep the overall EU output above last year's level, analysts said. Click here to read full stories.
Apr 10 - Food fight: To beat China fakes, NZ and Australian produce firms raid tech larder
As China's middle class develops its taste for imported food and drink, fresh produce suppliers in New Zealand and Australia are topping up nature's bounty with anti-counterfeiting technology in a bid to protect their growing business from fakes. Suppliers of goods from fruit to wine and lamb are teaming up with makers of tracking systems, codes and powders to combat fakes that cost the global food business billions of dollars. As tech tools become cheaper, services like China's popular WeChat smartphone app are also being deployed, offering consumers a free scanning ally to work out what's on Chinese store shelves. Click here to read full stories.
Apr 10 - U.S. soy exports face uphill battle through August - Braun
The United States has shipped a record volume of soybeans through the first half of the 2016/17 marketing year, but relative to the annual expectation, this year’s campaign is lagging those of years past. Data from the U.S. Census Bureau on Tuesday showed that domestic soybean shipments totaled 4.42 million tonnes (162.3 million bushels) for the month of February, the lowest volume for the month since 2013. Click here to read full stories.
Apr 10 - French non-EU wheat exports dip in February after 2-month rise - Reuters News
French wheat exports outside the European Union weakened in February, after rising for two months in a row, deepening the sharp setback recorded since farmers harvested their worst crop in three decades, customs data showed on Friday. France, exported some 245,430 tonnes of soft wheat outside the European Union in February, down from 372,146 in January, taking the volume since the start of the 2016/17 season on July 1 to 3.0 million tonnes, down 55 percent from last season. Click here to read full stories.
Apr 10 - Speculators trim corn net short position, switch to net short in soybeans - CFTC
Large speculators trimmed their net short position in Chicago Board of Trade corn futures in the week to April. 4, regulatory data released on Friday showed. The Commodity Futures Trading Commission's weekly commitments of traders report also showed that noncommercial traders, a category that includes hedge funds, increased their net short position in CBOT wheat and switched to net short position in soybeans. Click here to read full stories.
Apr 10 - Bagrada bug appears in Chile for first time, destroying crops
The bagrada bug has appeared in Chile for the first time in recent months, and has damaged crops of cabbages, broccoli and other vegetables, the government said on Friday. Bagrada hilaris, also known as the painted bug, is a native of Africa, and was recorded for the first time in South America by scientists late last year. Click here to read full stories.
Apr 10 - California governor declares end to drought emergency
One of the worst droughts in California history has officially ended, Governor Jerry Brown declared on Friday, but not before it strained the state's farm economy and threatened water supplies for millions of residents. Months of drenching storms and melting snowpack have replenished reservoirs, which began drying up in late 2011. That allowed Brown to lift most stipulations of an emergency order he implemented in January 2014, about two years after the conditions crossed the line into drought. Click here to read full stories.
Apr 10 - Malaysia's end-March palm stocks post first rise in three months
Malaysian palm oil inventories edged up from a more than six-year low at end-March, rising for the first time this year on stronger-than-expected output, although exports also beat market forecasts. End-stocks in Malaysia, the world's second-largest producer of the tropical oil, rose to 1.55 million tonnes, up 6.5 percent from 1.46 million tonnes in February, according to data from the Malaysian Palm Oil Board (MPOB) on Monday. Click here to read full stories.
Apr 10 - As KFC changes policy, Yum shareholders pull proposal on cutting antibiotics
Yum Brands Inc investors said they have withdrawn a shareholder proposal requesting that the company phase out harmful antibiotic use in its meat supply, after Yum's KFC restaurant chain made public a plan to ban the use of human antibiotics in the chicken it buys. KFC, the second-biggest U.S. chicken chain by sales after privately held Chick-fil-A, on Thursday told Reuters that it has given its chicken suppliers until the end of 2018 to phase out the use of antibiotics important to human medicine. Click here to read full stories.
Apr 10 - Brazil´s BRF authorized to reopen plant targeted in corruption probe
Brazilian food processor BRF SA said on Saturday it has been authorized to reopen a plant that was closed during a corruption probe involving Brazilian companies and meat inspectors. In a statement, BRF said its plant in Mineiros, in the center-western state of Goiás, will return to operation over the following days. Click here to read full stories.
Apr 10 - Malaysian Production Data Key for CPO Direction (Dow Jones)
Looming for Asian palm-oil prices is later Monday's production-data release from the Malaysia Palm Oil Board and export estimates for the first 10 days of April. Key will be how output is tracking this month and whether supplies, which sit at historically low levels, started to rebuild in March. Prices are down 0.8% this morning at MYR2,640/ton.
Apr 10 - Australia Beef Exports to China After Brazil Beef Ban (Dow Jones)
Australia's beef exports rose in March, likely due to a temporary halt that China placed on beef imports from Brazil, says Tobin Gorey, an analyst at Commonwealth Bank of Australia. He notes that Australian shipments to Japan were up 18% in March and should see "further benefit from a tariff reduction on Apr. 1 under the Japan Australia Economic Partnership Agreement." However, it adds that Australia's beef exports more broadly were lower as domestic supply constraints and increasing competition mean volumes sold in the US and South Korea remain weak.
Apr 07 - Grains, Soybeans Steady as Traders Look to Funds for Clues (Dow Jones)
Grain and soybean futures were mostly steady on Friday as traders waited to see what indications regulatory data would give about how hedge funds are thinking. Traders want to see if the CFTC will show managed money further souring on soybeans and increasing bets that prices would fall. Soybean prices are stuck in a tight range after falling through much of March, and analysts want to see whether current levels will resist pressure from major South American harvests. CBOT May soybean futures rise 0.1% to $9.42 a bushel. May wheat futures rise 0.2% to $4.24, while corn futures fall 0.3% to $3.59 1/2.
Apr 07 - Asian CPO Prices Lower on Export Worries (Dow Jones)
Asian crude palm oil prices are lower early as concerns remain about export demand for the commodity, says a Kuala Lumpur-based trader. He notes there are also growing expectations that production is improving in April and that this will increase supply in the market. Focus remains on the release of Malaysia Palm Oil Board data that will be released to the market Monday, as investors look for more information about the supply picture. The Bursa Malaysia benchmark palm oil contract is trading down 33 ringgit a ton at MYR2675 a ton.
Apr 07 - ADM revamps Argentine grains trading in global shake-up -sources
Archer Daniels Midland Co is restructuring its operations in Argentina in a move that will include job losses as part of a wider shake-up at the U.S. agribusiness group, three sources familiar with the plans said this week.Chicago-based ADM is grappling with volatile global grain markets and has already exited energy trading and shed key personnel in recent months. It said on Wednesday it planned to close its South African trading operations. Click here to read full stories.
Apr 07 - U.S. agriculture bets the farm on Chinese soy demand
Struggling U.S. farmers are pressing their luck with soybeans this spring, sowing record acreage even though the world is awash with the oilseed, as demand from China offers a potential lifeline.Soybean plantings could surpass corn for the first time this year, with rising exports holding up prices and providing a narrow path to profitability for U.S. farmers facing their fourth straight year of declining incomes. Click here to read full stories.
Apr 07 - Brexit puts Britain in an agriculture quota quandary
Brexit has created an administrative and diplomatic minefield for Britain by triggering a reworking of its relations in the most contentious area of international trade -- agriculture.To stand on its own after it leaves the European Union, Britain needs a document setting out its own commitments at the World Trade Organization, the bedrock of global trade. Britain's membership terms are currently included in EU's, so it needs to disentangle itself, with less than two years on the clock. Click here to read full stories.
Apr 07 - Argentina trade restrictions harm sugar industry development - Adecoagro CEO
Argentina's protectionist policies toward the sugar business are preventing it from reaching its full potential as a producer of the sweetener, the head of the Luxembourg-based agricultural conglomerate Adecoagro told Reuters in an interview on Thursday.The company, founded by Argentine businessmen, has invested $1.2 billion in sugar and ethanol production in neighboring Brazil, the world's top sugar producer. Click here to read full stories.
Apr 07 - Argentina soy harvest gains momentum despite heavy rains - exchange
Argentina's 2016/17 soy harvest accelerated in the past week despite heavy rains and floods in the western portion of the country's growing area, the Buenos Aires Grains Exchange said on Thursday.News of the storms in Argentina, the world's leading exporter of soybean oil and soybean meal, caused spikes in soy futures in recent days."Despite the rains that interrupted harvest in various areas of the agricultural region, the soy harvest is beginning to gain momentum," the exchange said in its weekly crop report. Click here to read full stories.
Apr 07 - Minnesota finds source of invasive weed on conservation land
An invasive weed likely entered Minnesota through seed planted on land in a U.S. conservation program, state agriculture officials said on Thursday, bringing to a close an official probe of a growing threat to agricultural production.Infestations of the weed, Palmer amaranth, have affected other states in the U.S. Midwest through seed planted on land in the federal Conservation Reserve Program, weed scientists have said. The program pays farmers to remove land from crop production to improve water quality, prevent soil erosion and protect endangered species. Click here to read full stories.
Apr 07 - Yum's KFC to curb antibiotic use in the chickens it buys
Yum Brands Inc's U.S. KFC chain plans to curb the use of antibiotics in its chicken supply, making it the last of the big three chicken restaurants to join the fight against the rise of dangerous antibiotic-resistant bacteria known as superbugs.KFC, the second-biggest U.S. chicken chain by sales after privately held Chick-fil-A, is giving its U.S. poultry suppliers until the end of 2018 to stop using antibiotics important to human medicine. Click here to read full stories.
Apr 07 - Brazil finds problems in samples from meat plants being investigated
Brazil's Agriculture Ministry said on Thursday it had found salmonella and staphylococci in eight of the 302 samples of meat-based products collected from the 21 meat processing plants being investigated in a corruption probe.The ministry said it had started procedures to cancel the federal inspection licenses of at least two companies in connection with the findings. Without such licenses, which certify that products are safe, meatpacking companies cannot operate. Click here to read full stories.
Apr 06 - EU clears ChemChina's $43 bln takeover of Syngenta with conditions
ChemChina won conditional EU antitrust approval on Wednesday for its $43 billion bid for Swiss pesticides and seeds group Syngenta, a deal that could help China boost its domestic agricultural output.The deal is one of several reshaping the agricultural chemicals and seeds market, even as these dealstrigger fears among some farmers that bigger, more powerful suppliers could be better placed to push up prices and economise on developing new herbicides and pesticides. Click here to read full stories.
Apr 06 - Monsanto Q2 profit jumps on strong demand for seeds
U.S. seeds and agrochemicals company Monsanto Co, which is in the process of being bought by Germany's Bayer AG for $66 billion, reported a better-than-expected quarterly profit on Wednesday, helped by strong demand for its soybean and corn seeds.Monsanto's shares were up 1.6 percent at $115.84 after earlier hitting a 22-month high of $116.37. Click here to read full stories.
Apr 06 - Destructive weed threatens U.S. corn fields
A U.S. government program designed to convert farmland to wildlife habitat has triggered the spread of a fast-growing weed that threatens to strangle crops in America's rural heartland.The weed is hard to kill and, if left unchecked, destroys as much as 91 percent of corn on infested land, according to the U.S. Department of Agriculture (USDA). It is spreading across Iowa, which accounts for nearly a fifth of U.S. corn production and in 2016 exported more than $1 billion of corn and soy. Click here to read full stories.
Apr 06 - Turkish mills buy EU, Black Sea wheat to replace Russian imports
Turkish flour mills have covered their short-term needs by purchasing several hundred thousand tonnes of wheat from EU and Black Sea countries, replacing Russian supplies blocked by a change to import rules, millers and traders said on Wednesday.Turkey has effectively halted purchases from Russia of wheat, maize (corn) and sunflower seeds by removing Russian items from a duty-free import scheme from March 15. Click here to read full stories.
Apr 06 - Bumper soy harvest likely pulled Brazil out of recession in Q1 - economists
Brazil's economy probably came out of recession in the first quarter almost exclusively thanks to a record soy harvest, economists said on Wednesday, forecasting a broader recovery to start later in the year.Brazil's agricultural output, which accounts for only about 5 percent of the country's economy, may have risen as much as 8 percent in the first quarter from the last three months of 2016, according to private estimates, while industrial and services activity probably remained stagnant. Click here to read full stories.
Apr 06 - Argentina rains bring flashbacks to 2016 soy harvest -Braun
It does not yet appear that Argentina will repeat last year’s waterlogged April, but forecasts are calling for wetter conditions over the next several weeks – just as the country’s soybean harvest switches on.Flooding rains across Argentina’s core region at this time last year helped ignite a seasonal rally in Chicago soybean and soybean product futures. Many market participants feared the world’s leading exporter of soybean oil and meal would raise a lower - or at least a lower-quality - supply. Click here to read full stories.
Apr 06 - ADM to close South Africa trading desk in further business shake up
Archer Daniels Midland Co (ADM) plans to close its South African trading desk, the company said on Wednesday, in a further shake up as the Chicago-based agribusiness grapples with volatile global grain markets.ADM said in a statement it had informed staff it was "proposing discontinuing our South Africa merchandising operations, following the legally required employee consultation process". Click here to read full stories.
Apr 06 - Ukraine wheat forecast raised to 24.2 mln T in 2017 - UkrAgroConsult
Ukraine is expected to harvest 24.2 million tonnes of wheat in 2017, analyst UkrAgroConsult said on Wednesday, raising its forecast from 23.5 million tonnes.The wheat crop could reach 25-26 million tonnes if there are favourable weather conditions.Wheat exports are expected to reach 14.5 million tonnes in 2017/18 compared to 16 million in 2016/2017, UkrAgroConsult said. Click here to read full stories.
Apr 06 - Malaysia worried EU resolution could dent palm oil exports
Malaysia voiced concern on Wednesday that a call by European Union lawmakers for curbs on imports of palm oil could deal a blow to one of the Asian country's biggest exports.In a vote aimed at influencing EU regulators, the European Parliament backed a call for greater vetting of palm and other vegetable oils used in biofuels to prevent the EU's renewable transport targets for post-2020 leading to deforestation. Click here to read full stories.
Apr 06 - Informa sees 2017 U.S. winter wheat crop at 1.285 bln bu - trade
Informa Economics, the private analytics firm, projected 2017 winter wheat production for the 2017/18 marketing year at 1.285 billion bushels, two trade sources said.Informa officials were not immediately available for comment. Click here to read full stories.
Apr 06 - Philippines Coconut Oil Exports Expected to Rise on Weather (Dow Jones)
Coconut oil exports from the Philippines will likely grow over the next 2 years, as the weather conditions return to normal to allow for an improvement in production, says the US Department of Agriculture in a note. It adds that coconut oil exports will likely be at 840,000 metric tons in the year to Sep. 30, 2017, and rise to 880,000 metric tons in the following year. Production in 2016 had been just 757,000 metric tons, hurt by dry weather connected to El Nino. The Philippines is the world's largest exporter of coconut oil, which is used in products such as make up and pharmaceuticals. However, it notes that on a long-term basis, significant increases in copra output are constrained by predominantly old and senile coconut palms or trees that constitute an estimated 20% of overall Philippine coconut trees.
Apr 06 - Southeast Asia Plantations Face EU Threat (Dow Jones)
The EU planning to introduce a single sustainable certification scheme and threatening a ban on using palm oil in biofuels by 2020 is a big threat to Southeast Asia plantations. The immediate threat would be the nearly half of EU palm-oil imports which are used in biofuel, says Maybank. "This will have negative consequences not just on palm-oil prices but other vegetable oils as well." Malaysia's plantations minister said Wednesday the country also worries the EU resolution may trigger similar moves by other major importers. Indonesia and Malaysia are the world's top two producers of palm oil.
Apr 06 - Prix du lait sous la barre des 300 €/1 000 litres (La France Agricole)
L’Organisation de producteurs Lactalis Normandie-Centre (OPNC) déplore la « sentence lactalienne [qui] vient de tomber » pour les producteurs de sa zone, tandis que dans le Sud-Ouest, ce sont les livreurs de Savencia qui voient le prix de base retomber sous 300 € en avril et mai.
Dans un communiqué du 4 avril, l’OPNC s’insurge contre le fait que les producteurs doivent « se contenter d’un prix n’atteignant même pas le seuil psychologique des 300 € ». Net de flexibilité, il sera de 297,75 € (base 38/32) en Normandie, la flexibilité étant de 2,84 €.
L’OPNC proteste contre ce prix « justifié par de mauvais arguments et non discuté avec les OP », estimant que Lactalis reprend 11 € en avril sur les ajustements « généreusement » consentis depuis le début de l’année, un « soutien » évalué à hauteur de 53 €.
L’OPNC accuse également le groupe d’avoir « bafoué les règles de fonctionnement OP/entreprise ». « Lactalis ne discute pas avec ses OP pour fixer les prix mensuels, déplore Max Vié, président de l’OPNC. Pourtant, on devrait pouvoir échanger avec son entreprise ! »
Savencia n’est pas en reste, puisque dans le Sud-Ouest, le prix tombe à 299,14 € en avril et 299,10 € en mai…
Apr 05 - Asian CPO Ends Up on Hopes of Lower Output (Dow Jones)
Asian crude palm-oil price futures end higher Wednesday on general investor optimism amid expectations of a fall in palm-oil production. "Hope of weaker production is giving short-term support" to prices, says David Ng of Philip Futures brokerage in Kuala Lumpur. However, growing concerns over sluggish demand ahead of the festival-buying season might impact the mood of the market, he adds. Ng expects palm-oil prices to remain range-bound between 2600 ringgit per ton and MYR2750/ton in the next couple of days. The Bursa Malaysia benchmark palm-oil contract for June delivery ends up MYR80 at MYR2711/ton.
Apr 05 - ChemChina, Syngenta win U.S. antitrust approval for deal
The China National Chemical Corp, or ChemChina, has won U.S. antitrust approval to buy Switzerland's Syngenta AG on condition that it divest three products, the Federal Trade Commission said on Tuesday.The $43 billion deal, which was announced in February 2016, was prompted by China's desire to use Syngenta's portfolio of top-tier chemicals and patent-protected seeds to improve domestic agricultural output. Click here to read full stories.
Apr 05 - Speedy corn plantings in U.S. South could lead to export clash
Farmers are planting corn at twice the speed of last year in Louisiana and are two weeks ahead in Texas - which could bring forward harvests to clash with peak exports from South America.That could push global corn prices down further, depressing an already struggling U.S. farm economy where net incomes are likely to be at their lowest levels since 2002 this year. Click here to read full stories.
Apr 05 - Brazil lifts export ban on three meat plants after scandal
The Brazilian Agriculture Ministry has authorized three meat processors to resume exports after an audit concluded there were no irregularities at their facilities, according to a statement.A total of 21 meat-packers was blacklisted after a federal investigation accused company executives and food inspectors of corruption, raising concerns over the quality of the meat sold in domestic and foreign markets. Click here to read full stories.
Apr 05 - Indian fertiliser companies to raise potash prices after subsidy cut
Indian fertiliser companies will soon raise potash prices after the government last week cut subsidies by 20 percent for the current financial year, officials said.Higher potash prices charged to millions of Indian farmers will hurt demand in one of the world's largest importers of the fertiliser, raising concerns for big global suppliers. Click here to read full stories.
Apr 05 - French bird flu crisis seen cutting demand for poultry feed by 330,000 tonnes
About 330,000 tonnes of animal feed will not be needed in France this year due to the bird flu outbreak that has led to the widespread culling of duck flocks and an order topartially halt poultry rearing to stop the virus, animal feed industry group SNIA said on Tuesday.France has been among the European countries most severely hit by the highly contagious H5N8 bird flu virus that has spread since late last year and decimated duck flocks in large parts of southwestern France, home to foie gras producers. Click here to read full stories.
Apr 05 - Key Indian state waives farm loans, to shut some illegal abattoirs
India's most populous state, Uttar Pradesh, said on Tuesday it was waiving $5.6 billion of loans to help millions of farmers reeling from losses after unfavourable weather in the past few years hit their crops.Uttar Pradesh has also ordered the closure of 26 illegal slaughterhouses, state health minister Siddharth Nath Singh said, after the first cabinet meeting chaired by newly appointed Chief Minister Yogi Adityanath. Click here to read full stories.
Apr 05 - Algeria to issue new licences for feed grain imports this month - official
Algeria will award new licences this month for the import of feed grains including barley, maize and soybean meal after restrictions that caused shortages on the local market, a trade ministry official said on Tuesday.OPEC member Algeria -- which imports almost all of its food due to poor domestic production -- has taken steps to cut spending including import restrictions to cope with a fall in energy earnings that make up 60 percent of the state budget. Click here to read full stories.
Apr 05 - Dairy prices rise, suggesting recovery back on track
Global dairy prices rose for the second time in a row at an international auction on Wednesday, strengthening hopes that last year's recovery is back on track.Farmers and analysts had been concerned that a 50 percent rebound in prices during 2016, after two years of falls, could be temporary since prices were dented at the beginning of the new year as global supply increased. Click here to read full stories.
Apr 05 - Asian Crude Palm Oil Aided by Risk-On Shift (Dow Jones)
Asian crude palm-oil prices are slightly higher amid an upbeat sentiment in many asset classes Wednesday in Asia. But analysts say focus remains on data due next week from the Malaysia Palm Oil board as investors are looking for more information on whether production is improving and at what rate. The Bursa Malaysia benchmark palm oil contract is up 1.3% at MYR2,664/ton.
Apr 05 - Skim-Milk Powder Continue To Diverge From Whole (Dow Jones)
Skim-milk prices at the Global Dairy Trade auction continued their weak trend, falling 0.8% in the overnight sale even as whole-milk-powder prices rose 2.4%. "Strong US production and the early stages of an EU production recovery (along with still-high stocks) are combining to put downward pressure on skim-milk powder," says ASB Bank. It adds the premium for whole-milk powder to skim is the highest since the auction first started offering the latter 7 years ago.
Apr 05 - Global Dairy Prices Seem to Have Found a Floor (Dow Jones)
Global dairy prices look to have a found a base after rising slightly in last night's auction, says Westpac economist Sarah Drought. "Although prices are still down nearly 20% this year, they're 40% above mid-2016's levels." She adds that following an extremely weak auction in early March, the last 2 "have been encouraging"--particularly as Westpac had been concerned about further near-term price downside. "But dairy markets had more resilience than we gave them credit for as buyers stepped in to take advantage of lower prices." Now that global dairy markets look broadly balanced, "we expect global prices to track around current levels this year," says Drought. The Global Dairy Trade price index rose 1.6% in last night's sale while whole milk powder climbed 2.4%.
Apr 04 - "Innovative financing" sours dairy giant in China's rural northeast
The crisis at Huishan Dairy, one of China's biggest dairy companies, is a stark reminder of what can lurk in the dark corners of corporate China, where rapid growth can go hand in hand with tangled finances and heavy debt.China Huishan Dairy Holdings Co Ltd embraced what its executives called "innovative financing", from the sale and leaseback of its cows, to selling wealth management products for rich investors - financial antics that seem incongruous with the dusty fields, tin-roofed sheds and plastic greenhouses of Zhangwu county in northeast China. Click here to read full stories.
Apr 04 - Brazil govt says March beef exports near normal despite meat scandal
Brazilian fresh beef exports fell 2 percent in March from a year ago, according to Trade Ministry data, although a government official said the drop was not due to a scandal last month involving alleged corruption by sanitation inspectors.Brazilian beef exports totaled $404 million last month, the ministry said in a statement on Monday. Click here to read full stories.
Apr 04 - Funds end March on a historically bearish note in CBOT grains - Braun
Speculators closed out March 2017 on the most bearish note across Chicago grains and oilseeds as a whole than they ever have for the month, but last Friday’s key reports from the U.S. Department of Agriculture may have shaken market sentiment up even more in the days after.In the week ending March 28, hedge funds and other money managers in the CBOT futures and options arena continued on their trend for the month, adding more shorts to their corn, soybean, soybean meal, and wheat positions. Click here to read full stories.
Apr 04 - Deere Argentina sees farm optimism, more investment, bigger crops
Argentine growers have been energized by the country's new tax and trade policies, setting the stage for increased grains planting and farm investment, the head of the local unit of agricultural machinery company Deere & Co said on Monday.The country is the world's top exporter of soymeal livestock feed and a major supplier of wheat, corn and soybeans at a time of climbing demand as global population grows toward 9 billion. Click here to read full stories.
Apr 04 - Louis Dreyfus sees recovery after two-year profit slide
Louis Dreyfus' core earnings fell for a second year in 2016 amid a persistent high supply of crops, but the agricultural commodity trader said a revamp of operations should help results this year.Large inventories, low prices and limited volatility have curbed margins in the past two years for companies that buy, transport and process crops such as wheat, soybeans and rice. Click here to read full stories.
Apr 04 - USDA February soybean crush seen at 151.9 mln bushels
The U.S. Department of Agriculture's monthly report on oilseed crushings will likely show that about 4.558 million short tons, or 151.91 million bushels, of soybeans were processed in February, according to the average forecast of six analysts in a Reuters poll on Monday.Their estimates ranged from 151.0 million to 152.75 million bushels. The median prediction was 151.95 million bushels. Click here to read full stories.
Apr 04 - Brazil soybean exports hit March record - Anec
Brazilian soybean exports totaled 9.7 million tonnes in March, the highest on record for the month, according to grain export association Anec, which warned of the potential stresses of a bumper crop on the country's major ports.In the first quarter, total soy exports rose 30 percent from the same period a year ago to 17.2 million tonnes, as the harvest continued in a year of record production, Anec said in a statement on Monday. Click here to read full stories.
Apr 04 - Prix du lait : Deux milliards perdus par les éleveurs (La France Agricole)
La Confédération paysanne estime à deux milliards d’euros la perte des éleveurs depuis la fin des quotas laitiers. Il dénonce une situation intenable dans les exploitations laitières.
Deux ans après la fin des quotas, la Confédération paysanne regarde en arrière. « Disparition de fermes laitières, vague de suicides, surcharge de travail. Les drames humains se multiplient dans la filière laitière », analyse le syndicat dans un communiqué de presse du 3 avril 2017.
Un revenu « inférieur au seuil de pauvreté »
« Des milliards d’aide d’urgence débloqués par les pouvoirs publics nationaux et européens ont été engloutis dans le marché libéral, avec une efficacité dérisoire pour les producteurs laitiers et un coût considérable pour les contribuables », déplore la Confédération paysanne.
Le syndicat pointe du doigt les « 350 000 tonnes de poudre de lait au stockage public européen » qui pèse sur les prix, mais aussi « un prix actuel [du lait] ridiculement bas de 31 centimes » ou encore un revenu « inférieurs à ceux de 2009 et au seuil de pauvreté ». Il chiffre la perte des éleveurs à deux milliards d’euros.
Contre cette libéralisation du marché, la Confédération paysanne propose à nouveau « un tunnel de prix qui garantit les prix de revient des producteurs laitiers européens ». Elle invite aussi les paysans « à présenter une facture de 2 milliards d’euros aux pouvoirs publics, coupables de leur désengagement dans la politique laitière ».
Apr 04 - Boosted Estimate for New Zealand Dairy Exports (Dow Jones)
New Zealand dairy exports in the year through June could end up being NZ$1.2 billion ($840 million) more than a year earlier at NZ$14.5 billion, says a Ministry of Primary Industries study. The new view is NZ$800 million above the agency's December forecast and comes amid strong 4Q export volumes. The ministry also expects dairy prices to stabilize at current levels and a global supply glut to continue easing, boosting exports to NZ$16.8 billion for the year ending June 2018.
Apr 04 - Asian Palm-Oil Prices Down (Dow Jones)
Asian palm-oil prices ease amid a lack of buying interest as Chinese markets are closed for a second day.
"We will likely see a pick up again later this week with strong buying from the Middle Eastern countries ahead of Ramadan," , says an analyst at Palm Oil Analytics, noting consumption of palm oil typically increases during the fasting month. The Malaysia benchmark palm oil contract is down 0.3% at MYR2,654/ton.
Apr 03 - Asian CPO Ends Higher, Guided by Rival Oil (Dow Jones)
Asian crude palm-oil price futures reverse early losses to end a higher Monday led by gains in competing vegetable oils. Soybean oil is used as a substitute for palm-oil, so the prices often move together. Investors will watching out for crucial crop data on production, exports and inventories to be released by the Malaysian Palm Oil Board on April 10, which will "set the tone of the market," says a Kuala Lumpur-based trader. Benchmark palm-oil futures for June delivery on the Bursa Malaysia Derivatives Exchange ends up MYR17 at MYR2,663/ton.
Apr 03 - U.S. soy acres seen at all-time high despite big stocks - USDA
U.S. farmers plan to seed a record amount of soybean acreage this spring, even with supplies trending near all-time highs, but wheat seedings will fall to the lowest on record, the government said on Friday.Growers will dial back their corn seedings this spring despite signs of firm demand as record stocks have cast a bearish tone over the futures and cash markets this year, threatening profitability for farmers. Click here to read full stories.
Apr 03 - DuPont in asset deal with FMC, delays close of Dow merger
DuPont said on Friday it would buy a unit of FMC Corp and sell its crop protection business to the company to win European Union approval for its merger with Dow Chemical, and delayed the deal's closing for the third time.FMC's shares rose as much as 17 percent to hit a near three-year high at $72.00. DuPont's shares dipped 1.5 percent and Dow's shares were marginally down. Click here to read full stories.
Apr 03 - Brazil's JBS accused of violating Amazon rainforest protection laws
The world's largest meatpacker, Brazil's JBS SA, has for years knowingly bought cattle that were raised on illegally deforested land, turning a blind eye to regulations meant to protect the Amazon rainforest, Brazil's environmental regulator has alleged. The accusation comes even as JBS and other meatpackers in Brazil, the top global exporter of beef, are reeling from a corruption scandal. Police allege bribery of health inspectors to overlook unsanitary conditions and forgo inspections. JBS has denied wrongdoing and sought to assure consumers that its products meet rigorous quality standards. Click here to read full stories.
Apr 03 - China investors bearish as Dalian exchange launches soymeal options trading
China's investors placed bearish bets on Friday's opening day of soymeal options trading on the Dalian Commodities Exchange, seeking protection as futures tumbled to 4-1/2 month lows ahead of a widely anticipated U.S. government plantings report.The most-active September soymeal futures closed down 0.32 percent at 2,780 yuan in cautious trading before the U.S. Department of Agriculture releases estimates for U.S. grains plantings for the 2017/18 season - one of the most widely watched reports of the agricultural calendar, and one that can roil prices. Click here to read full stories.
Apr 03 - India cotton imports set to surge to record amid rampant rupee
India's 2016-17 cotton imports are set to jump more than a third from a year ago to a record 3 million bales as the rupee's rise makes buying overseas cheaper, senior industry officials and executives said.The strong rupee - now at its highest level in 18 months - has also braked cotton exports from the world's biggest producer of the fibre, a trend that has helped rival suppliers in Brazil, the United States and some African countries boost their own exports. Click here to read full stories.
Apr 03 - China reports six new bird flu cases, one death
China reported six new cases of H7N9 bird flu including one death in Hunan after live poultry markets in the province were shuttered last month.The infections were reported in the last week of March by the provincial centre for disease control and prevention, according to a report by Xinhua news agency on Sunday. Click here to read full stories.
Apr 03 - Asian CPO Under Pressure as Oilseed Falls (Dow Jones)
Asian CPO may be under some early pressure following weakness in oilseed prices on Friday in the US, says a Kuala Lumpur based trader. However, he adds that palm oil is trading at the bottom of its current trading range and it is unlikely to break through support levels without a change to fundamentals. Focus, he notes, remains on the release of Malaysia Palm Oil Board data due out on April 10. The Bursa Malaysia benchmark palm oil contract ended the session13 ringgit a ton at 2,649 ringgit a ton.
Apr 03 - Wool Prices Fall Sharply From Historic Highs (Dow Jones)
Wool prices fell sharply from historic highs seen last week, driven by a fall-off in demand for finer wool as available volumes also increase, according to the farm group Australia Wool Innovation. "Merino wool values also seemed to hit a price point that just could not convince manufacturers to book forward contracts at these rates." The AWEX Eastern Market Indicator, the benchmark for wool prices given Australia is the world's largest wool exporter, fell A$0.44/kg to A$15.02/kg. It notes that another factor weighing on prices is that there is now between 10% and 20% more wool available than there has been previously.
Apr 03 - Chinese Demand Key for Oilseed Outlook (Dow Jones)
Whether oilseed prices return to previous lows likely depends on what happens with Chinese demand, says Commonwealth Bank of Australia in a note. "Chinese crush margins have tumbled to the lowest level since last August." It says that CBA suspects that frenzied buying from China in the second half of 2016 has built up crushers' inventories and, in that context, meal buyers in China will be making their purchases at a more leisurely pace. "The futures market has essentially been chasing that crush margin in an effort to keep China at the buying table before US exporters are overwhelmed by the full force of South American supplies."
Mar 31 - RHB Expects Palm-Oil Prices to Fall (Dow Jones)
RHB expects crude palm-oil prices to slide from current levels as supplies rebound and lackluster demand comes from China and India. Also, prices of soybeans--a competing product--are also expected to remain under pressure as South America is expecting a bumper harvest. All this will likely hurt Wilmar, one of the world's biggest agribusiness companies. Softness in its tropical-oil segment should be partially offset this year by stronger margins in its soybean-crushing business thanks to input prices, the broker adds.
Mar 31 - Tofu trailblazer: Soymeal leads China charge into commodities derivatives
Soymeal, a chief ingredient in tofu, is set to provide rich nutrition of another kind: China is using the animal feed staple to blaze a trail in commodities derivatives, fuelling its appetite for global investment hub status along the way.On Friday, Dalian Commodities Exchange, one of four futures centres in China, will roll out a soymeal option, the country's first exchange-traded product of its kind in commodities. Click here to read full stories.
Mar 31 - Iraq staggers commodities payments amid financial constraints
Major rice and wheat buyer Iraq has told suppliers it will pay for their goods in instalments, according to a tender document and traders, a move that has reduced the number of participants in its purchase tenders.Trader said officials from Iraq's Grain Board had informed them in a recent meeting that they had taken the step because low oil prices and other financial factors were forcing Iraq to stagger payments. Click here to read full stories.
Mar 31 - Russia to cut wheat prices for replenishing state stocks
Russia's Agriculture Ministry has proposed cutting wheat prices for its restocking programme in the 2017/18 marketing year which starts on July 1, signalling stronger competition in the domestic market.The ministry, which has 4.0 million tonnes of grains in state stocks, buys grain on the domestic market every year in what are known as interventions. Click here to read full stories.
Mar 31 - IGC sees lower grains output for 2017/2018, fall in stocks
The International Grains Council on Thursday forecast a drawdown in global grains stocks in 2017/2018 for the first time in five seasons, amid falling production and rising consumption.In its first forecast for the 2017/2018 season, the IGC estimated global grains production at 2.05 billion tonnes, down from 2.106 billion tonnes in 2016/2017. Click here to read full stories.
Mar 31 - India extends Canada exemption from crop fumigation policy
India will exempt Canada for three months from its policy that so-called pulse crops such as peas and lentils must be fumigated with methyl bromide to kill insects before leaving the country of origin, the Canadian government said on Thursday.The move resolves for now a disagreement that threatened C$1.1 billion ($827.5 million) in annual trade. Click here to read full stories.
Mar 31 - Danone says to sell Stonyfield unit as part of WhiteWave deal
French food group Danone said on Friday it had decided to sell its U.S. subsidiary Stonyfield to facilitate the rapid closing of its acquisition of U.S. organic food producer WhiteWave foods Co.Danone said in a statement the decision to sell Stonyfield, which had a 2016 turnover of around $370 million, stemmed from an agreement in principle it had reached with the anti-trust department of the U.S. Department of Justice. Click here to read full stories.
Mar 31 - Asian Palm Oil Prices Rally on Improved Sentiment (Dow Jones)
Asian palm oil prices have rallied early likely on an improvement in sentiment overnight in the US and a broadly stronger US dollar, which makes the ringgit denominated commodity nominally cheaper. Key for the market will be the release of palm oil export estimate data from Intertek and SGS later in the day for March. The Bursa Malaysia benchmark palm oil contract is trading up 19 ringgit a ton at 2,678 ringgit a ton.
Mar 31 - Australian Lamb Prices Resume Upward Trend (Dow Jones)
Australian lamb prices have resumed their upward trend and have come several months before the usual autumn-winter increase, notes NAB. "Constrained supply has been a major driver of improved prices, although the climate outlook may make flock rebuilding less enticing." The bank adds prices are expected to be stable to moderately higher this year thanks to export strength. While the US and China make up "substantial volume...the Middle East remains a very-important market, particularly for mutton and live sheep."
Mar 30 - Asian CPO Hits 5-Month Low as Oilseed Complex Weighs (Dow Jones)
Asian crude palm oil hit its lowest level since October 2016 following weakness in the broader oilseed complex, including substitute soybeans. Soybeans Wednesday in the US eased to again post fresh multi-month lows as expectations for a record US soybean planting are priced in, says Commonwealth Bank in a note. Focus Friday will be on March estimates from cargo surveyors Intertek and SGS for Malaysia palm oil exports. The Bursa Malaysia benchmark 3-month palm oil contract ended down 64 ringgit a ton at 2,657 ringgit a ton.
Mar 30 - EU official urges independent controls over Brazil meat industry
Brazil needs independent controls over its meat industry, a top EU health official said on Wednesday, as he wrapped up a visit to the country rocked by an anticorruption investigation centering on bribery of its food-sanitation inspectors.Brazil's police say in court documents bribes were paid to cover up serious health violations by some meat companies, including the sale of rotten and salmonella-contaminated products. Their probe, dubbed "Operation Weak Flesh," led some of Brazil's biggest export markets to ban its meats. Click here to read full stories.
Mar 30 - Egypt to monitor, not ban private sector wheat imports during harvest
Egypt will not ban the private sector from importing wheat while it buys up the local harvest, the supply ministry said on Wednesday, appearing to backtrack on what its minister said earlier this week.Instead of a blanket ban on private sector imports during the local procurement season, the ministry will instead closely monitor the movement of grain, a ministry spokesman said. Click here to read full stories.
Mar 30 - How USDA's corn, soy plantings could surprise traders -Braun
Current Chicago futures prices suggest that analysts may have overestimated 2017 U.S. corn acres and underestimated soybean acres for Friday’s USDA plantings report – though the trade expectations do have a spotty track record.Report outcomes from several past years suggest that this year's corn acres could fall below the range of 31 analyst estimates, and the soybean number may push the high side of the range. Click here to read full stories.
Mar 30 - Cargill 3rd-qtr profit rises on food ingredient, protein demand
Global commodities trader Cargill Inc reported a higher quarterly profit on Wednesday as strong earnings from its food ingredients and protein units more than offset lagging results from South American grain trading and processing.The privately held company has been streamlining its operations to focus on higher-margin businesses such as food ingredients and fish feeding business, aiming to bolster earnings and capitalize on consumer trends. The efforts have lifted results in recent quarters, according to Cargill. Click here to read full stories.
Mar 30 - Indian regulator says Agrium-Potash merger likely to hurt competition
India's competition regulator said the proposed merger of fertilizer producers Agrium Inc and Potash Corp of Saskatchewan Inc is likely to hurt competition, but the comments were not expected to prevent the merger.Potash Corp and Agrium agreed to merge last September to navigate a severe industry slump by boosting efficiency and cutting costs. Click here to read full stories.
Mar 30 - Moscow, Ankara to discuss Russian grain supplies in early April
Russia's and Turkey's economy ministries plan to hold talks on Russian grain supplies to Turkey in early April, Russian deputy economy minister Alexei Gruzdev said on Wednesday.Turkey has put purchases of wheat, maize (corn) and sunflower from Russia on hold by imposing high import tariffs from mid-March. Ankara officially denies any bans on imports from Russia, while Moscow has said that the move is hindering relations. Click here to read full stories.
Mar 30 - Philippine farm minister says likely no need to import 250,000 T of rice
The Philippines' farm minister said he expects a bumper rice harvest this planting season, potentially meaning there is no urgent need for the state grains buyer to import 250,000 tonnes of the staple food as planned.The National Food Authority (NFA) has been looking to import 250,000 tonnes of rice, and wanted the cargo to arrive by end-April to boost thinning stocks ahead of the lean domestic harvest season beginning July. Click here to read full stories.
Mar 30 - Meatpacker JBS announces furlough at 10 Brazilian beef plants
JBS SA, the world's biggest meatpacker, said on Wednesday it would furlough workers at 10 of its 36 Brazilian beef plants after sales fell sharply due to a police probe into bribery of health inspectors in Brazil's meat industry.A JBS press representative said the 20-day furlough would begin on Monday. JBS previously said that it would operate under reduced capacity in Brazil this week and do everything it could to maintain employment levels. Click here to read full stories.
Mar 30 - Asian CPO Losing Ground, Mirrors Moves in Oil Prices (Dow Jones)
Asian palm oil prices have lost ground early Thursday, mirroring falls across the broader market with oil prices also under pressure. Oil prices eased slightly in Asian trade due largely to moves in the US dollar. Much of the focus for palm oil is now turning to the release of Malaysian Palm Oil Board data on April 10, as investors want to see whether there has been a clear pick up in palm oil production. The Bursa Malaysia benchmark palm oil contract is trading down 21 ringgit at MYR2,700 a ton.
Mar 29 - Monsanto meets its match as Hindu nationalists assert power in India
Tens of millions of dollars were within reach for M. Prabhakara Rao as he prepared in April 2015 to take his Indian cotton seed company public.The Indian businessman already had $54 million in initial funding from an American private equity investor. Rao had also locked in a long-term licensing agreement with Monsanto Co, the world's largest seed company, for the technology used in genetically modified cotton seeds that made up the majority of his annual sales. Click here to read full stories.
Mar 29 - Hong Kong lifts ban on Brazil meat imports, EU urges action
Hong Kong said on Tuesday it has lifted a ban on the import of Brazilian meat, removing one of the last blanket bans by a major importer, but strong words from an EU commissioner visiting Brazil suggests the scandal over health standards is not over yet."A suspicion of corruption is unacceptable," Vytenis Andriukaitis, EU commissioner for health and food safety, told reporters after meeting with Brazil's Agriculture Minister Blairo Maggi to discuss police allegations that government regulators were paid bribes to turn a blind eye to breaches of sanitation rules. Click here to read full stories.
Mar 29 - China loses most of WTO poultry challenge, scores small win over EU
China lost the bulk of a legal challenge against European Union poultry tariff quotas on Tuesday, when a World Trade Organization dispute panel upheld only two small parts of its complaint, both regarding food containing processed duck.China went to the WTO in 2015 to contest the EU's decision to change its poultry import quotas in 2006 and 2009. In both cases it did not consult China, regarding it as too small a supplier to the EU market, and allocated most of the quotas to Brazil and Thailand. Click here to read full stories.
Mar 29 - Argentine agriculture area limited by high transport costs
The lack of a rail system for hauling grains from Argentina's next farm frontier in the far north is costing the country millions of tonnes of soy, corn and wheat production every year, prodding the government to jump-start infrastructure projects.Earlier this month Argentina awarded contracts to lay 416 kilometers of train tracks in the northern provinces of Jujuy and Salta as part of its "Plan Belgrano." It was the most recent of what could be many steps toward revitalizing transportation in one of the country's poorest areas. Click here to read full stories.
Mar 29 - Indonesia lowers palm, cocoa export taxes for April
Indonesia will lower export taxes for crude palm oil (CPO) and cocoa exports in April as government reference prices for the commodities are seen falling below certain thresholds, the trade ministry said in a statement on Wednesday.The CPO tax will be set at $3 per tonne for April, down from $18 in March, while cocoa export tax will be set at zero from 5 percent per tonne previously, the ministry said. Click here to read full stories.
Mar 29 - Asian CPO Rangebound as Traders Await Production Clarity (Dow Jones)
Asian crude palm oil prices are slightly higher but remain rangebound as the market awaits
information about when palm oil production will start to recover. Palm oil market analyst Dorab Mistry said earlier Wednesday at a conference in Beijing that a recovery in production was expected mainly in the second half of 2017 and that April 2017 may be the tightest month for supply this year. The Bursa Malaysia benchmark palm oil contract ended up 14 ringgit a ton at 2,721 ringgit a ton.
Mar 29 - Lactalis prié de publier ses comptes ( La France Agricole)
Philippe Chalmin, président de l’Observatoire des prix et des marges des produits alimentaires, a saisi la possibilité que lui offre la loi Sapin 2 : demander à Lactalis de publier ses comptes par l’intermédiaire des tribunaux de commerce.
Hier, le 27 mars 2017, le président de l’Observatoire des prix et des marges des produits alimentaires, Philippe Chalmin, a écrit aux présidents des tribunaux de commerce de Laval et de Rennes. Pourquoi ? Pour obtenir la publication des comptes des sociétés du groupe Lactalis. « Publier ses comptes est une obligation pour toute entreprise, nous confirme-t-il ce 28 mars 2017. Dans le cas contraire, l’entreprise encourt des sanctions. »
Une astreinte potentielle
Philippe Chalmin demande aux tribunaux de commerce que Lactalis reçoive une injonction à procéder au dépôt de ses comptes. Au-delà du délai fixé, une pénalité financière pourrait être demandée à l’industriel pour chaque jour de retard. Celle-ci peut aller jusqu’à 2 % du chiffre d’affaires moyen journalier réalisé en France.
Cette astreinte sera fixée par le tribunal de commerce. Une première pour l’entreprise qui, jusqu’à présent, s’est refusée à toute publication. Cette procédure est permise par la nouvelle loi Sapin 2 promulguée à la fin de l’année 2016. Le groupe Lactalis nous a déclaré ne pas être au courant de la procédure en cours.
Mar 28 - Asian CPO Rises as Ringgit Falls (Dow Jones)
Asian crude palm oil prices ended the session slightly higher, supported by ringgit weakness, which makes the ringgit denominated contract nominally cheaper. However, prices continue to trade in a range with the market still looking for evidence that production has returned to normal and stocks in Malaysia and Indonesia have started to rebuild. The Bursa Malaysia benchmark palm oil contract is trading up 11 ringgit at 2,706 ringgit a ton.
Mar 28 - India Reinstates Import Tax on Wheat (Dow Jones)
India has reinstated a 10% import tax on wheat that was scrapped four months ago, a senior Indian government official, who didn't want to be identified, said Tuesday. The decision comes just ahead of the domestic wheat harvest season as a surge in imports was threatening earnings of Indian farmers. India, the world's second-largest wheat producer, had scrapped the import tax earlier in anticipation of a supply shortage because of a drought. Along with the import tax on wheat, the Indian government also imposed a 10% import tax on Tur, a lentils variety, again to protect local farmers income during the harvest period.
Mar 28 - Asset sales plan secures EU backing for $130 bln Dow, DuPont merger
Dow Chemical and DuPont won the blessing of the European Union for their $130 billion merger on Monday by agreeing to sell substantial assets including key research and development activities.The European Commission had been concerned that the merger of two of the biggest and oldest U.S. chemical producers would leave few incentives to produce new herbicides and pesticides in the future. The deal is one of a trio of mega mergers that will reshape the industry and consolidate six companies into three. Click here to read full stories.
Mar 28 - Brazil suspends more meat plants, EU says trust must be restored
Brazil ordered three more food processing plants to suspend production on Monday amidan investigation into alleged corruption in its meat industry as the world's biggest beef exporter sought to regain the trust of consumers.Brazil's center-right government is hoping countries that imposed bans on Brazilian meat products because of the scandal will soon follow China's lead in lifting them, and that others such as the European Union will not impose tougher restrictions. Click here to read full stories.
Mar 28 - EU nations vote against GM crops, but not enough to block them
A majority of EU countries voted on Monday against allowing two new genetically modified crops to be grown in Europe, batting the contentious decision on GM cultivation in Europe back to the EU executive.EU governments were asked to vote on the future of two grades of GM maize, Pioneer's 1507 and Syngenta's Bt11, which kill insects by producing their own pesticide and are also resistant to a particular herbicide. Click here to read full stories.
Mar 28 - Brazil meat scandal fuels calls for U.S. ban on Brazilian raw beef
A cadre of U.S. lawmakers and food safety advocates are pressuring the federal government to join other nations blocking shipments of raw beef from Brazil in the face of a scandal in that country's meatpacking sector.The United States has already started testing all beef from Brazil for pathogens. Click here to read full stories.
Mar 28 - EU crop monitor sees rebound in wheat, barley, rapeseed yields
The European Union's crop monitoring service MARS forecast on Monday that the average soft wheat yield in the bloc would jump above average this year, more than offsetting a poor crop last year when adverse weather hammered harvests.In its first yield forecasts for the 2017 harvest, MARS estimated that the average soft wheat yield in the bloc would rise 7.7 percent this year to 6.02 tonnes per hectare (t/ha). This would be 3.0 percent above the 5-year average. Click here to read full stories.
Mar 28 - U.S. Plains states to lead big shift into soybeans
U.S. farmers in the arid Plains states have traditionally grown wheat and raised cattle. But this year, they are leading the race to plant soybeans, as the crop provides one of the few bright spots in a gloomy farm economy.Farmers in these states, which include Kansas, Nebraska and the Dakotas, have more choice now in what they grow as seeds have been developed over the past decade that thrive in the dry conditions typical of the region. Click here to read full stories.
Mar 28 - Top U.S. chicken producing state suffers first case of bird flu
Georgia has confirmed its first-ever case of bird flu in commercial poultry, its agriculture department said on Monday, widening an outbreak of the disease into the United States' biggest chicken meat-producing state.A flock of 18,000 chickens used for breeding was culled after testing positive for H7 bird flu, according to the agriculture department. It said the birds in far northwestern Georgia were likely infected with a form of the virus that is not highly lethal because the flock did not show signs of illness. Click here to read full stories.
Mar 28 - Asian CPO Rangebound as Traders Await Production Info (Dow Jones)
Asian palm oil prices continue to trade in a range of MYR2,600-MYR2,800 a ton as the market awaits further information on whether or not there will be an improvement in palm oil production in the coming months, says a Kuala Lumpur based trader. He adds that prices have seen a slight rise over the coming days, likely on some bargain hunting following recent price drops. The Bursa Malaysia benchmark palm oil contract is trading up 31 ringgit a ton to 2,726 ringgit a ton.
Mar 28 - Funds historically bearish ahead of Friday's USDA planting data -Braun
Speculators may head into Friday’s U.S. planting intentions with the most bearish overall attitude toward Chicago-traded grains and oilseeds since the CFTC revised the format of its Commitments of Traders report - which measures the money flows in and out of the commodities market - a decade ago. In the week ending March 21, hedge funds and other money managers drastically shed futures and options positions in corn, soybeans, soybean oil, and wheat for the second week in a row according to the U.S. Commodity Futures Trading Commission. Click here to read full stories.
Mar 27 - Asian CPO Ends Down, Guided by Rival Oils, Lower Exports (Dow Jones)
Asian crude palm-oil price futures end lower, tracking overnight losses in Chicago soybean oil and the Dalian palm-olein market. Further, sluggish demand for palm-oil added to losses, says David Ng of Philip Futures in Kuala Lumpur. Malaysia's palm-oil exports during the March 1-25 period are estimated down 1.5% on month at 902,628 metric tons, cargo surveyor SGS (Malaysia) Bhd. says Monday. Another surveyor, Intertek Agri Services, estimated exports to be down 1.2% from a month earlier to 896,621 metric tons. Ng expects prices to remain range-bound between MYR2600/ton and MYR2780/ton. Benchmark palm-oil futures for June delivery on the Bursa Malaysia Derivatives Exchange ends down MYR61/ton at MYR2,693/ton.
Mar 27 - China, others lift ban on meat imports in boost for Brazil
China lifted a ban on imports of meat from Brazil on Saturday after Brazilian authorities clarified details of a police investigation into alleged bribery of health inspectors, in a victory for President Michel Temer's efforts to stem damage from the probe.The move by China, the biggest national consumer of Brazilian meat, was accompanied on Saturday by the lifting of import bans in Egypt and Chile, bringing hope of an end to a crisis that saw one-fifth wiped off the value of Brazilian pork and poultry exports last week. Click here to read full stories.
Mar 27 - 'Operation Weak Flesh' takes bite out of Brazil's meat exports
Brazil's meat exports have fallen sharply since a police investigation into alleged bribery of food-sanitation inspectors in the world's top beef and poultry exporter sparked a wave of trade bans, an industry group said on Friday.Restrictions by several key importers of Brazilian meat, ranging from China to Europe, caused a 22 percent drop in weekly average exports of pork and poultry since news of the federal police probe broke on March 17 compared to prior weeks, the Brazilian Animal Protein Association said. Click here to read full stories.
Mar 27 - Coceral sees EU soft wheat crop up 7 pct at 144.8 mln T
Grain industry lobby Coceral estimates that soft wheat production in the European Union will rise 7 percent this year to 144.8 million tonnes, supported by an expected recovery in French output after last year's poor harvest.The projected increase in EU soft wheat production from an estimated 2016 crop of 135.1 million would include a forecast jump in French production to 38.6 million tonnes from 27.8 million last year, Coceral said in its first outlook for this year's harvests. Click here to read full stories.
Mar 27 - Egypt's GASC to continue purchasing imported wheat during local season
Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) will continue to import wheat during the local wheat-buying season as it aims to increase its strategic reserves, Supply Minister Ali Moselhy said on Sunday."You can't stop, you have to continue importing from all origins and form a reserve," he told Reuters. Click here to read full stories.
Mar 27 - Armyworms ravage Ugandan maize, raising fears for drought-hit region
Crop-eating caterpillars known as fall armyworms have started spreading across Uganda, authorities said on Friday, raising fears for the surrounding East Africa region already devastated by drought.The pests have appeared in about 20 districts in mostly central and western areas and attacked about 40 percent of the maize in some zones, the agriculture ministry said. Click here to read full stories.
Mar 27 - Jordan issues tender to buy 100,000 tonnes feed barley
Jordan's state grain buyer has issued an international tender to purchase 100,000 tonnes of animal feed barley to be sourced from optional origins, European traders said on Monday.The tender deadline is March 28, traders said. Shipment is sought in 50,000 tonne consignments in a range of possible combinations between May 1 and June 30, they said. Click here to read full stories.
Mar 27 - Land of the short white feather: NZ's unlikely bird flu success
The deadly bird flu that's forced mass bird culls and roiled the global egg and poultry trade has spawned one unlikely success – New Zealand, a rare source of disease-free birds and supplier for China's voracious chicken consumption.When Spain reported an outbreak of H5N8 bird flu last month, it left New Zealand as the only source, albeit a tiny one, of disease-free birds to replenish China's white-feathered broiler chicken stock. Click here to read full stories.
Mar 27 - Saudi Arabia temporarily bans poultry imports from Tennessee over bird flu
Saudi Arabia has temporarily banned imports of live birds, hatching eggs and chicks from Tennessee after a form of bird flu that is highly lethal for poultry was found in the U.S. state, the Saudi ministry of agriculture said on Sunday.The Tennessee Department of Agriculture reported this month that two commercial chicken flocks had been found to have been infected with H7N9 highly pathogenic flu. Click here to read full stories.
Mar 27 - Asian CPO Seen Well Supported as Stocks Need Rebuilding (Dow Jones)
Asian palm oil prices will likely remain supported in the coming months trading in the MYR2,600-2,900/metric ton range, says BMI Research in a note. "Although palm oil tree yields and production are showing the first signs of recovery from El Nino, it will take a few months for stocks to rebuild." It adds, however, that palm oil prices are forecast to average MYR2,600/metric ton over 2017, compared with MYR2,632/metric ton in 2016. "Although we do expect [prices] to ease, we do not forecast a collapse." The Bursa Malaysia palm oil contract ended down 0.6% at MYR2,754/metric ton.
Mar 24 - Asian CPO Ends Lower as Likely Stock Build Continues to Weigh (Dow Jones)
Asian crude palm oil prices ended the session slightly lower. The market increasingly expects to see stocks start to rebuild over the coming months now that production levels are returning to normal levels and demand to remain soft. Not helping is expectations that the oilseed market will also be well supplied over the coming month. The Bursa Malaysia benchmark palm oil contract is trading down 16 ringgit at 2,755 ringgit a ton.
Mar 24 - EU asks Brazil to suspend meat shipments amid scandal - sources
The European Union has asked Brazil to voluntarily suspend all shipments of meat to its member countries to avoid imposing a ban that would take time to lift, but the Brazilian government has not agreed, EU diplomats in Brasilia told Reuters on Thursday. Brazilian meat exports have in any caseground almost to a halt following a police investigation into corruption involving food-sanitation inspectors and accusations that rotten products were sold. Click here to read full stories.
Mar 24 - Will China's soybean appetite disappoint in 2017/18? -Braun
China is the main driver of global soybean demand by a long shot, but the growth rate of the country’s imports has slowed in recent years and may do so again in 2017/18, and this could be a drag on soybean prices into next year. Earlier this week, the U.S. Department of Agriculture attaché in Beijing said domestic soybean imports would reach 89 million tonnes in the 2017/18 marketing year, which for China begins on Oct. 1. Click here to read full stories.
Mar 24 - U.S. asked to slap duties on biodiesel from Argentina,
U.S. biodiesel producers on Thursday asked the U.S. government to impose antidumping duties on imports of biodiesel from Argentina and Indonesia that it says have flooded the U.S. market and violated trade agreements. The move by the National Biodiesel Board (NBB) trade group comes after two years of tension between U.S. and foreign producers over soaring imports that the group says have threatened the profitability of domestic producers. Click here to read full stories.
Mar 24 - Meatpacker JBS suspends Brazil beef output amid import bans
Brazil's JBS SA, the world's biggest meatpacking company, announced on Thursday that it had suspended beef production at 33 of its 36 plants amid the corruption scandal that has caused some of the country's biggest export markets to ban Brazilian meats. Agriculture Minister Blairo Maggi said a police investigation, which alleges that meat processors paid bribes for inspectors to turn a blind eye to unsanitary or irregular activity, was exaggerated and wrongly challenged the quality of one of the country's most important exports. Click here to read full stories.
Mar 24 - China accepts more Australian beef exporters as leaders meet
China removed the last remaining restrictions on imports of Australian beef on Friday and announced early-stage plans to co-develop a major mine, rail and port project, in contrast to a growing global trend of trade protectionism. The policies - announced during a visit to Australia by Chinese Premier Li Keqiang - advance the trade relationship between the two countries at a time of rising tensions between Australia and its traditional ally, the United States. Click here to read full stories.
Mar 24 - Asia fast-food chains pull meat off menus as Brazil scandal deepens
Major fast-food chains in South Korea and Hong Kong have pulled chicken, beef and pork off their menus as they scramble to reassure customers about food safety as Brazil's meat scandal crisis intensifies. The drastic steps by Burger King and Mom's Touch in South Korea, and Hong Kong's top fast food chain Cafe de Coral are aimed at avoiding a customer backlash after Brazilian police accused inspectors in the world's biggest exporter of beef and poultry of taking bribes to allow sales of rotten and salmonella-tainted meats. Click here to read full stories.
Mar 24 - Argentina soy crop estimate rises to 56.5 mln tonnes - exchange
Argentina's 2016/17 soy crop was estimated at 56.5 million tonnes, the Buenos Aires Grains Exchange said on Thursday, citing better-than-expected yields as it raised its forecast from the previous outlook of 54.8 million tonnes. "Harvesting has begun in the main soy belt and north-central Cordoba province, registering good yields that put upward pressure on production expectations in the country's central farm region," the exchange said in its weekly crop report. Click here to read full stories.
Mar 24 - Moroccan phosphate exporter OCP posts 53 pct slide in net profit
Morocco's Office Cherifien de Phosphate (OCP), the world's leading phosphate exporter, posted a 52.8 percent fall in full-year net profit, the company said on Thursday. State-run OCP, a major foreign currency earner for Morocco, has been hit by a slide in phosphate and fertiliser prices, prompting efforts to increase production and cut costs to counter falling revenue. Click here to read full stories.
Mar 24 - Asia Palm-Oil Prices Remain Under Pressure (Dow Jones)
Asia palm-oil prices are lower ahead of the release of export estimates from cargo surveyors. Recent forecasts have showed demand has dropped off in recent weeks, which has the market expecting to see supplies of the commodity start to rebuild. The Bursa Malaysia palm-oil contract is down 0.5% at MYR2,756/ton.
Mar 24 - Brazil Meat Scandal Not Yet Benefiting US Cos (Dow Jones)
While global concern about the safety of Brazilian meat could ultimately help foreign producers, the situation will likely take weeks to play out, says Smithfield CEO Ken Sullivan. A number of countries have banned Brazilian meat imports, and "if that ban goes on for more than weeks at a time, then those buyers will look for different suppliers." Even so, "there are a lot of emails flying around (Smithfield) but I haven't seen any orders five days in." Smithfield, America's largest pork processor, was purchased in 2013 by China's WH Group (0288.HK). Brazilian authorities have said some of the country's largest meat producers bribed government inspectors to turn a blind eye to unsafe meat-handling practices. WH has jumped 11% this week to turn higher for 2017.
Mar 24 - China to End Restrictions on Aussie Beef Imports (Dow Jones)
China has agreed to drop restrictions on Australian beef imports during a down-under visit by Chinese Premier Li Keqiang. PM Turnbull says the agreement would open exports from 11 Australian firms to an unlimited number. "This new agreement will drive significant future growth," he adds. Australia's beef exports to China were worth more than A$8 billon (US$6.1 billion) last year, and the move comes as a tainted meat scandal in Brazil has prompted countries including China to seek other meat sources. China has been the biggest buyer of Brazilian meat.
Mar 24 - NZ Dairy Sector Heading Back to Black (Dow Jones)
The worst looks to be over for New Zealand's dairy farmers. Australia and New Zealand Banking Group is tipping an opening farmgate milk price forecast for the 2017/18 season toward the upper end of a range of NZ$5.00-NZ$6.00/kilo of milk solids. That compares to NZ$6.10-NZ$6.15/kg in 2016/17, which is above Fonterra Cooperative's NZ$6.00/kg forecast. "With breakeven for the sector in the low-NZ$5s, the sector is moving back into the black, though hardly flush with cash," ANZ says. A big focus will be debt repayment from the poor 2015/16 season, it says. The sector accumulated around NZ$1.50/kg of debt during this period, which needs to be reduced to improve financial metrics that will be further eroded when interest rates rise.
Mar 23 - Asian CPO Falls Sharply, Mirroring Moves in Oilseed (Dow Jones)
Asian crude palm oil prices fell sharply following moves lower in both canola and soybeans overnight in the US. Oilseeds around the globe are under pressure with Brazilian supply coming onto the market, increasing the availability of oilseeds. Commonwealth Bank of Australia says that oilseeds will continue to trade in a sideways, rangebond manner ahead of next week's planting report. Bursa Malaysia benchmark palm oil contract ended down 58 ringgit a ton at 2771 ringgit a ton.
Mar 23 - Brazil scandal tests JBS, BRF push for overseas units IPOs
Brazil's two largest food processors are striving to restore confidence in their quality controls as they pursue plans to list overseas units after a scandal over alleged bribery of health officials that triggered bans on Brazilian meat exports. On Friday, police named Brazil's JBS SA, the world's top meatpacker, and BRF SA, the largest poultry producer, alongside dozens of smaller peers in a probe into alleged payments to officials to forgo inspections and overlook practices including processing rotten meat. Click here to read full stories.
Mar 23 - Egypt to keep higher wheat moisture limit till November - French exporters
Egypt's state grain buyer will maintain an increased limit for moisture in imported wheat until at least November in order to boost competition between different origins, a French export group said on Wednesday. Egypt's General Authority for Supply Commodities (GASC) had said in mid-February it would apply a tolerance for moisture content of up to 13.5 percent, above its standard 13 percent limit, without indicating the duration of the change. Click here to read full stories.
Mar 23 - Australia, China to boost trade with beef making the cut
Australia and China are expected to sign new bilateral agreements on beef exports, energy and security during a four-day visit by Chinese Premier Li Keqiang that began on Thursday. Li, the first sitting Chinese premier to visit Australia in 11 years, was welcomed to parliament in Canberra by Prime Minister Malcolm Turnbull amid extra security in the capital in the wake of an attack outside Britain's parliament by a suspected Islamist-inspired attacker. Click here to read full stories.
Mar 23 - Chinese supermarkets pull Brazil meat from shelves as food safety fears grow
Some of China's largest food suppliers have pulled Brazilian beef and poultry from their shelves in the first concrete sign that a deepening scandal over Brazil's meat processing industry is hitting business in its top export market. The moves by Sun Art Retail Group, China's biggest hypermarket chain, and the Chinese arms of global retail giants Wal-Mart Stores Inc and Metro AG come days after China temporarily suspended Brazilian meat imports. Click here to read full stories.
Mar 23 - China February barley imports up 208 pct at 806,456 tonnes - customs
China imported 806,456 tonnes of barley in February, up 208.1 percent year on year, customs data showed on Thursday. Imports of sorghum were up 29.7 percent at 735,252 tonnes, while corn imports jumped 128.9 percent to 142,556 tonnes. Click here to read full stories.
Mar 23 - Brazil's gov't says meat industry may lose 10 pct market share
A police investigation into alleged unsanitary and corrupt practices has badly damaged the reputation of Brazil's meatpacking industry and could wipe more than 10 percent off its global market share, Agriculture Minister Blairo Maggi said on Wednesday. Maggi, a former state governor and a billionaire soy farmer, told a Senate Committee that his main concern was that China and Hong Kong have not yet taken a definitive stance on their bans of meat from Brazil, the world's biggest producer of beef and poultry. Click here to read full stories.
Mar 23 - Russia says Turkey's action over Russian wheat hindering relations
Ankara's action against Russian wheat, maize and sunflower oil suppliers is hindering restoration of ties between the two countries, Russian Deputy Prime Minister Arkady Dvorkovich told Turkish Deputy Prime Minister Mehmet Simsek by phone on Wednesday. Turkish buyers have put purchases of these products from Russia onhold, despite denials from Ankara that it has effectively banned imports from Moscow, trade and industry sources said on Monday. Click here to read full stories.
Mar 23 - German companies interested in train crossing South America - officials
Dozens of German companies including Siemens attended meetings in Bolivia this week to discuss building a coast-to-coast railway through Brazil, Bolivia and Peru that could speed up the export of corn and soybeans to Asia, German and Bolivian officials said on Wednesday. The massive, $10 billion project would involve building a 3,700-kilometer (2,299-miles) rail line across the continent, linking the Atlantic and Pacific oceans, through mountains and jungles. Click here to read full stories.
Mar 23 - Palm Oil Under Press as Production Recovers (Dow Jones)
Palm oil prices will likely stay under pressure as production recovers and demand remains subdued, says Rabobank in a note. However it adds that the low inventories seen during the high consumption period of Ramadan will limit prices decrease in the second quarter of 2017. "The Muslim festival typically sees higher demand for palm oil used in cooking leading up to Eid al Fitr. Palm oil consumption normally increases in preparation for and during Ramadan, while will limit the pace of palm oil stock build-up in Malaysia and Indonesia in 2Q 2017." The Bursa Malaysia benchmark palm oil contract trades flat at 2,830 ringgit a ton.
Mar 23 - China Soybean Imports Set to Rise Further (Dow Jones)
China, already the world's largest soybean importer, will see soybean imports rise some 3% this season and roughly the same in the coming one, says the USDA. "Rising incomes, urbanization and the modernization of the domestic feed and livestock sectors will continue fostering Chinese oilseed consumption." That as China's production remains constrained by limited arable land and stagnant yields. Output is seen being more than 35% less than imports for the 2017-8 season. But the agency cautions that forecasting China's meal and oil use, and total oilseed demand, remains a challenge as "data differs greatly depending on the source."
Mar 22 - Asian CPO Ends Slightly Higher Following Moves in Soybeans (Dow Jones)
Asian crude palm oil prices ended the session slightly higher following a move higher in substitute soybean futures in overnight trade. However, price moves remain limited by expectations that production is improving and the demand for palm oil has come off in recent weeks. The Bursa Malaysia benchmark palm oil contract ended up 18 ringgit at 2,827 ringgit a ton.
Mar 22 - Brazil's agriculture ministry, police say meat problems not widespread
Brazil's federal police and agriculture ministry said late Tuesday that sanitary and corruption problems found in the nation's meatpacking industry were isolated incidents, an attempt to tamp down a scandal that has led the Latin American nation's biggest export markets to ban its meats. Since police launched raids on processing plants and company offices in seven states on Friday, President Michel Temer's government has sought to downplay the crisis in the meatpacking sector, one of the bright spots of an economy struggling with its worst recession on record. Click here to read full stories.
Mar 22 - Rainy end to March cheered by most U.S. farmers, but not all - Braun
The United States will close out March under a particularly active weather pattern, and the associated rainfall will be welcomed by many farmers across the country. But not everyone is cheering the downpours. Over the next two weeks, almost the whole country is likely to experience above-average precipitation, according to forecast models as of midday Tuesday. This comes on the heels of an extremely dry February and early March for many of the grain and oilseed producing states. Click here to read full stories.
Mar 22 - Turkey says imports of Russian wheat could halt despite lack of ban
Turkey has not banned purchases of wheat and similar products from Russia but imports may halt as Turkish companies prefer to avoid buying from Moscow, the economy minister said on Tuesday. Turkish buyers have put purchases of Russian agricultural products - mainly wheat, maize and sunflower oil - on hold, despite denials from Ankara that it has effectively banned imports from Moscow, trade and industry sources said on Monday. Click here to read full stories.
Mar 22 - China approves fewer GMO crop imports, hampering trade-US industry group
China is approving fewer new biotech crops for import than before, hampering the launch of new products globally and hurting trade, an American industry group said on Tuesday. China does not permit the planting of any genetically modified varieties of staple food crops amid deep-seated consumer opposition. But it does allow the import of GMO crops, such as soybeans for use in its huge animal feed industry. Click here to read full stories.
Mar 22 - Off the pulse: India farmers switch crops as lentil prices plunge
Millions of Indian farmers look set to switch from growing pulses and oilseeds after a government campaign to boost output became a victim of its own success by flooding markets with the crops, used in everything from fragrant curries to sticky desserts. Storehouses are overflowing with commodities such as lentils and soybeans after waves of farmers answered Prime Minister Narendra Modi's call last summer to ramp up local production to cut a hefty import bill, driving prices sharply lower. Click here to read full stories.
Mar 22 - Brazil new soy frontier Matopiba contributing to record crop
Brazil's newest soy frontier, the Matopiba region stretching across four northern states, is contributing to a record crop this year as good weather spurs a recovery in agricultural yields after several drought-hit seasons. Matopiba - a word formed by the initials of Maranhão, Tocantins, Piauí and Bahia - has just started the soy harvest, later than the main soy regions in Brazil. Click here to read full stories.
Mar 22 - U.S. farm heartland lobbies to steer Trump away from Mexico trade war
Farmers in the U.S. agricultural heartland that helped elect Donald Trump are now pushing his administration to avoid a trade dispute with Mexico, fearing retaliatory tariffs that could hit over $3 billion in U.S. exports. The value of exports at risk is based on a Reuters analysis of a tariff list which Mexico used in a trucking dispute six years ago and which Mexican officials have said could serve as a model if President Trump sets new barriers to Mexican goods. Click here to read full stories.
Mar 22 - UK group expanding campaign to curb antibiotics in meat production
A shareholder coalition founded in the U.K. is recruiting investors for a campaign to convince KFC parent Yum Brands Inc and other food companies to protect public health and corporate profits by reducing the use of antibiotics in the meat they serve in the United States and around the world. Scientists warn that the routine use of antibiotics to promote growth and prevent illness in healthy farm animals contributes to the rise of dangerous infections from antibiotic-resistant bacteria known as superbugs, which kill at least 23,000 Americans each year and pose a major threat to global health. Click here to read full stories.
Mar 22 - Fonterra profit rises but guidance cut on forecast volatility
New Zealand dairy giant Fonterra reported a 2.2 percent rise in half-year profit on Wednesday, lifted by earnings gains for its high-value consumer products. But the world's largest world's largest dairy exporter cut its guidance for the full year because of dairy market volatility, reducing forecast earnings per share to 45 to 55 cents per share, from a range of 50 to 60 cents. Click here to read full stories.
Mar 22 - Algeria's Cevital plans $350 mln Ethiopian oilseeds, sugar processing complex
Algeria's largest private firm, Cevital, is looking for banks to back its plans for a sugar refinery and oilseeds processing complex in Ethiopia, Cevital's chairman Issad Rebrab told Reuters on the sidelines of the Africa CEO Forum in Geneva. "All in all, the figure will be about $360 million in total, but that's just in Ethiopia, without counting the logistics platform at the port in Djibouti," Rebrab said. Click here to read full stories.
Mar 22 - Uganda Backs GMO Crops as Drought Hits Yields (Dow Jones)
Uganda's President Yoweri Museveni wants parliament to pass a long delayed biosafety legislation to introduce genetically modified crops, to boost harvests as the region grapples with widespread crop failure following a severe drought. The legislation stands to boost yields of grains, fruits and cotton, through modern research and technology, the presidency says. Uganda plans to follow in the footsteps of South Africa, Burkina Faso and Sudan as GMOs gain traction on a continent dogged by decades of low agricultural yields. It's encouraging news for agrichemical companies such as Monsanto, which is currently trying to firm up their presence in Africa. Museveni says the ruling party dominated parliament plans to finalize the legislation "very soon," to help Africa's top coffee grower "resolve problems in its agriculture sector."
Mar 22 - NZX Whole Milk Powder Prices Rise on Improved Auction Result (Dow Jones)
NZX whole milk powder futures are sharply higher early in trading, following a better than expected Global Dairy Trade auction overnight. "The combination of lower prices and Argentinian floods have tempted additional Latin American buyers back onto the GlobalDairyTrade platform," says ASB agri-economist Nathan Penny in a note. "This was a source of demand that the dairy futures market pricing had not factored in." The NZX whole milk powder future contract is currently trading up US$230 a metric ton at US$2,880 a metric ton.
Mar 22 - China's Ban on Brazil Beef Sets up Opening for Competitors (Dow Jones)
The decision by China to suspend Brazilian beef as well other meat products due to a scandal over the selling of tainted meat "will create opportunities for other beef exporters," says Westpac economist Sarah Drought in a note. However, she adds that the significance of the impact will depend on the length of the suspensions. She notes that, with a ban on some US beef products removed last year, US suppliers could benefit from the potential supply gap in the Chinese market.
Mar 21 - Hard to Quantify Impact of Brazil Meat Probe on Global Trade (Dow Jones)
The potential impact Brazil's probe into allegation that tainted meat was sold by meat packers on the global meat market is difficult to quantify, says Tobin Gorey, analyst at Commonwealth Bank of Australia in a note. Analysts are asking whether suppliers from the US or Australia, for example, might capture some of Brazil's lost global market share. "Firstly it will depend on how long these restrictions last--perhaps Brazil will be able to prove to its overseas customers that this incident was, as they are saying, the exception rather than the rule." However he notes that regulators have one hurdle. "Consumer trust, once lost, can be difficult to regain. And consumers are likely to be less forgiving when they believe their health has been jeopardized."
Mar 21 - Asian CPO Ends Higher, Likely on Bargain Hunting (Dow Jones)
Asian crude palm oil futures ended the session up likely due to some bargain hunting after prices fell in recent weeks. Concerns remain about demand as exports from Malaysia have fallen off through March, which will likely cap significant moves higher. The Bursa Malaysia benchmark palm oil contract ended the session 31 ringgit a ton higher at 2,811 ringgit a ton.
Mar 21 - China, EU cut imports of Brazil meat amid scandal
China and the European Union curtailed meat imports from Brazil on Monday after police, in an anti-corruption probe criticized by the government as alarmist, accused inspectors in the world's biggest exporter of beef and poultry of taking bribes to allow sales of rotten and salmonella-tainted meats. As the scandal deepened, Brazil's Agriculture Minister Blairo Maggi said the government had suspended exports from 21 meat processing units. Click here to read full stories.
Mar 21 - Argentine grains sector to get $1.7 bln in investment - chamber
Argentina's grains transportation sector is projected to receive $1.7 billion in private investment for the 2016-17 period, the country's CIARA-CEC exporters' chamber said on Monday. "Companies in the sector began an investment plan last year that will continue in 2017, aimed at making general logistics and grains processing more efficient. This is in line with forecasts of increased farm production," the statement said. Click here to read full stories.
Mar 21 - Turkish buyers put Russia wheat deals on hold, despite denial of ban – sources
Turkish buyers have put purchases of Russian agricultural products - mainly wheat, maize (corn) and sunflower oil - on hold, despite denials from Ankara that it has effectively banned imports from Moscow, trade and industry sources said on Monday. Last week, import licences issued by the Turkish government no longer included Russia in a list of accepted tax-free origins, the sources said, suggesting an import tariff of 130 percent could be applied to supplies from Russia. Click here to read full stories.
Mar 21 - Brazil beef scandal leaves fewer options for global buyers
Global beef buyers will likely need to cobble together supplies from several nations if a scandal persists in Brazil's meat sector because supply constraints and politics are already limiting trade flows, market analysts said on Monday. China suspended imports of all meat products from Brazil, the world's top beef exporter, as a precautionary measure after inspectors there were accused of taking bribes to allow sales of tainted food. South Korea, the EU and Chile also curtailed meat imports from Brazil. Click here to read full stories.
Mar 21 - Paraguay says on track for record soy crop of over 10 mln tonnes
Paraguay's 2016/17 soy crop is estimated at more than 10 million tonnes, Agriculture Minister Juan Carlos Baruja told reporters on Monday, setting expectations for what would be a record harvest for the world's No. 4 soybean exporter. The crop should bring in more than $3 billion, he said following a meeting with President Horacio Cartes. Click here to read full stories.
Mar 21 - France sees bird flu crisis nearly over as spread slows
The spread of a severe bird flu virus that ravaged the duck industry in southwestern France since late last year has slowed in the past two weeks, suggesting the crisis could be ending, the farm minister said on Monday. France, which has the largest poultry flock in Europe, has been among the countries most severely hit by the highly pathogenic H5N8 bird flu virus that propagated in Europe, the Middle East and Africa. Click here to read full stories.
Mar 20 - Asian CPO Ends Lowers as Cargo Exports Estimated to Fall (Dow Jones)
Asian CPO ended the session slightly lower as export estimate data from SGS and Intertek shows that demand continues to fall for palm oil from Malaysia. Data from cargo surveyor SGS estimates that exports of palm oil fell 7.9% in the first 20 days of March, compared to estimates that showed palm oil exports for the first 15 days of March rising 1.1%. Bursa Malaysia benchmark CPO ended down 25 ringgit a ton at 2,778 ringgit a ton.
Mar 20 - Funds' bullish corn, soy bets crash under weight of S. America -Braun
Bullish bets in Chicago grain and oilseed futures took a significant tumble last week as enormous South American crops weighed on the markets. Hedge funds and other money managers scrapped their long position in corn futures and options in the week through March 14, ending a two-month bullish stint. Click here to read full stories.
Mar 20 - Turkey denies reports of import ban on Russian wheat
Turkey denied reports that it has banned imports of certain products from Russia, after traders warned shipments of Russian wheat to its second-biggest export market face disruption. Trade and industry sources said on Thursday that import licences issued by the Turkish government no longer included Russia in a list of tax-free accepted origins as of March 15, effectively closing off the Turkish market to Russian wheat. Click here to read full stories.
Mar 20 - Workers at Argentina's agricultural ports hub announce
Workers at Argentina's biggest agricultural port hub, Rosario, have voted to hold a 24-hour strike on March 30 to demand better wages and an end to dismissals, a union leader said Saturday. The stoppage will likely affect the shipment of grains and their by-products from global food supplier Argentina, where companies such as Cargill, Bunge and Louis Dreyfus have their own terminals. Click here to read full stories.
Mar 20 - Ukraine says 11 pct of spring grains area sown so far
Farmers in Ukraine have sown 11 percent, or 273,000 hectares, of the country's planned spring grains area since the season began on March 8, the agriculture ministry said on Friday. Ukraine, the world's third-largest grain exporter, expects to sow 7.2 million hectares of spring grains this year, up from 7 million hectares last year. Click here to read full stories.
Mar 20 - India's rapeseed output to jump 20 pct to 3-yr high - trade body
India rapeseed production in crop year 2016/17 is likely to jump by as much as 20 percent to the highest in three years at 7 million tonnes as farmers expanded the area planted with the oilseed due to ample rainfall and higher prices. Rapeseed, a type of mustard, is the main winter-sown oilseed in India and higher production will help the country in trimming its edible oils imports. Click here to read full stories.
Mar 20 - Alabama waits for U.S. verdict on bird flu; importers limit trade
U.S. trading partners on Friday limited shipments of poultry from Alabama, a top producer of chickens for meat, over bird flu concerns as the state's wait for federal confirmation of two suspected cases stretched past a week. The European Union, Kazakhstan and French Polynesia restricted shipments from Alabama counties with presumed cases of the disease, according to the U.S. Department of Agriculture's website. The moves came a day after the state reported the agency's national animal-health laboratories had confirmed a separate case of bird flu there. Click here to read full stories.
Mar 20 - Asian CPO Tad Up; All Eyes on Export Estimate Data (Dow Jones)
Asian palm oil is slightly higher in early trading as the market waits for export estimated data from both cargo surveyors Intertek and SGS. Capital Economics notes that the narrowing spread between palm oil and rival--and premium--soy oil weighed on palm oil prices Friday after the commodity rallied early in the weeks on signs of strong demand and fears that an El Nino weather phenomenon might develop later in the year. The Bursa Malaysia benchmark 3-month palm oil contract is trading up 7 ringgit at 2810 ringgit a ton.
Mar 20 - Soybean Prices Set to Stay Capped (Dow Jones)
Soybean prices are set to remain under pressure at least the next several weeks after breaking below multimonth support at $10.25/bushel as a record harvest in South America weigh on prices and downstream products such as soymeal prices have eased since January as Chinese soybean-crush margins have turned negative for the first time since September, says BMI Research. Meanwhile, "the current soy/corn ratio will encourage US farmers to increase soybean acreage, also putting pressure on prices." BMI sees support holding around $9.50/bushel.
Mar 20 - Traders Barely Blink at Indonesia's Huge Palm Oil Revision (Dow Jones)
The Indonesia Palm Oil Association, or Gapki, has revised sharply higher Indonesia's estimated palm oil stocks for 2016 year, upending views that this market was tightly supplied. The association estimates that Indonesian palm oil stocks were 3.75 million metric tons at the end of 2016, compared with a previous forecast of just 1.07 million metric tons. That's a massive data revision but it's not moving the market much--the Bursa Malaysia benchmark contract is trading down just 14 ringgit to 2789 ringgit per metric ton. That's partly because the Gapki data is not as closely watched as the data released by the Malaysia Palm Oil Board, which are seen as more reliable. In December, palm oil prices hit their highest level in 4.5 years due to concerns about shortages in the market as production had not recovered from the dry weather associated with the El Nino at the start of 2016.
Mar 17 - Asian CPO Ends a Bit Higher on Production Concerns (Dow Jones)
Asian crude palm oil price futures ended slightly higher Friday driven by expectations of lower production, keeping the general sentiment upbeat. David Ng of Philip Futures in Kuala Lumpur says production might be weaker in the month of March due to irregular weather in top-grower Malaysia. Palm oil exports are likely to improve in the months to come, Ng adds. Benchmark palm-oil futures for June delivery on the Bursa Malaysia derivatives Exchange ends MYR8 up at MYR2804/ton.
Mar 17 - As austerity-hit Egyptians turn to bread, wheat imports hit new highs
Egypt has been buying wheat on global markets at a breakneck clip in recent months in what grain traders say is an effort to keep up with its cash-strapped population's growing reliance on subsidised bread. The acute political sensitivity of the availability and price of the staple leaves the government with little choice but to ensure supplies, despite an economic crisis caused by six years of drift since an uprising ended Hosni Mubarak's 30-year rule. Click here to read full stories.
Mar 17 - Turkey removes Russian wheat from import scheme - sources
Turkey has removed Russian wheat from an import licence scheme in an unexpected move that could disrupt Russia's shipments to its second-biggest wheat export market, according to trade sources. New import licences issued by the Turkish government did not include Russia among accepted origins as of March 15, the sources said. Click here to read full stories.
Mar 17 - Strategie Grains upbeat on EU winter cereals, cuts maize area
Consultancy Strategie Grains on Thursday nudged its forecast for this year's European Union soft wheat and barley crops slightly higher, but the outlook for maize was cut sharply on a downward revision to planting expectations. Conditions for winter cereals such as wheat were mostly favourable, with rainfall in late February and early March alleviating dryness after low levels of precipitation since autumn, the consultancy said in a monthly report. Click here to read full stories.
Mar 17 - Bird flu hits another U.S. farm that supplies Tyson Foods
Bird flu that is highly lethal to poultry has infected a second commercial chicken farm in Tennessee that supplies Tyson Foods Inc, company and state officials said on Thursday. The finding expands an outbreak near the major chicken-producing states of Alabama and Georgia, and is the second in the type of breeder flock crucial for keeping the chicken-meat industry supplied with birds. A case of less dangerous bird flu was confirmed in Alabama on Thursday. Click here to read full stories.
Mar 17 - Agriculture leaders slam Trump's USDA budget cut proposal
Agriculture leaders including lawmakers from President Donald Trump's Republican Party on Thursday criticized his planned 21 percent cut to discretionary spending at the U.S. Department of Agriculture (USDA), saying it could take a toll on the rural communities that helped elect him last November. Trump has proposed slashing the USDA's discretionary budget by $4.7 billion to $17.9 billion by halting funding for rural clean water initiatives and rural business services, reducing some USDA statistical services and cutting county-level staff. Click here to read full stories.
Mar 17 - China rejigs cotton policy for top grower Xinjiang
China will set target prices for cotton in the top growing region of Xinjiang every three years instead of annually, the government said on Friday, the latest shake-up of the region's subsidy programme as part of Beijing's farm reform. The National Development and Reform Commission (NDRC) said in a statement it has set its 2017-2019 target price for cotton at 18,600 yuan ($2,695) a tonne, unchanged from its 2016 goal even as domestic and global prices have soared. Click here to read full stories.
Mar 17 - Brazil may peg farming loans to benchmark rate, paper says
The Brazilian government is considering pegging borrowing costs on farming loans to the benchmark overnight Selic interest rate in another step toward reducing costly credit subsidies, newspaper Valor Econômico said on Thursday. According to Valor, which did not say how it obtained the information, policymakers would fix at 85 percent the weight of the Selic on interest charged on farming loans. Several types of farming credit bear a 50 percent to 70 percent Selic component, the newspaper said. Click here to read full stories.
Mar 17 - Argentine soy and corn benefiting from good weather - exchange
Argentine corn and soy should benefit this season from high yields brought by good weather, the Buenos Aires Grains Exchange said on Thursday, adding that it may increase its harvest estimate above the current 54.8 million tonnes. The South American grains powerhouse is the world's third biggest exporter of both crops. Click here to read full stories.
Mar 17 - Asian CPO Opens a Tad Lower, Guided by Rival Oil Prices (Dow Jones)
Asian crude palm oil price futures open a tad lower Friday, weighed down by overnight losses in the soy bean oil complex. Prices of both palm oil and soy oil influence global markets and often follow each other. Traders say palm oil prices may improve on investor expectations of better demand. Benchmark palm-oil futures for June delivery on the Bursa Malaysia Derivatives Exchange are down 8 ringgit at MYR2,788/ton. It opened at MYR2778/ton.
Mar 16 - Asian CPO Settles Higher on Better Demand, Production Worries (Dow Jones)
Asian crude palm-oil price futures ended Thursday's trading session higher on continued investor optimism about improved demand. "Anticipation of anticipation of stronger exports in weeks to come has kept the palm-oil prices high," says David Ng of Philip Futures in Kuala Lumpur. Export estimates released by cargo surveyor SGS (Malaysia) showed Malaysia's palm-oil exports during March 1-15 rising 1.1% on month to 507,491 metric tons. Analysts say concerns of a drop in production this month due to weather uncertainty has also supported prices. Benchmark palm-oil futures for the new June delivery on the Bursa Malaysia Derivatives Exchange ended up MYR52/ton at MYR2,793/ton.
Mar 16 - S. American corn in great shape but not in the bag yet -Braun
The South American corn crop has been consistently underestimated at this time of year by many analysts, though it is still unclear whether this trend will hold again this year. Within the past week, several groups – including the U.S. Department of Agriculture, Brazil’s agricultural statistics agency Conab, and Argentina’s Rosario Exchange – boosted outlooks for the 2016/17 corn harvests in Brazil and Argentina. Click here to read full stories.
Mar 16 - EU chemical agency says weed killer glyphosate not carcinogenic
Glyphosate, the key ingredient in Monsanto Co's Roundup herbicide, should not be classified as a substance causing cancer, the European Chemical Agency concluded on Wednesday, potentially paving the way for its licence renewal in the EU. A transatlantic row over possible risks to human health has prompted investigations by congressional committees in the United States, and in Europe has forced a delay to a re-licensing decision for Monsanto's big-selling Roundup weed killer. Click here to read full stories.
Mar 16 - U.S. wildfires ravage ranches in three states
When the Schwerzenbach family saw a wildfire racing toward their remote ranch in Lipscomb, Texas, there was no time to run. "We had a minute or two and then it was over us," said 56-year-old Nancy Schwerzenbach. Click here to read full stories.
Mar 16 - Favourable weather boosts hopes for Russia, Ukraine grain crops
Favourable weather ahead of spring sowing in Black Sea grain producers Russia and Ukraine is boosting hopes of a large harvest, analysts, officials and traders said, although it will likely fall short of last year's record. Spring grain sowing in Russia, one of the world's largest wheat exporters, started a few days ago and is 0.8 percent completed so far. Click here to read full stories.
Mar 16 - German 2017 wheat and rapeseed harvests seen up on year
Germany's 2017 wheat crop is expected to increase 2.2 percent on the year to 25.13 million tonnes, the country's association of farm cooperatives said on Wednesday. The association forecast Germany's 2017 winter rapeseed crop at 4.86 million tonnes, up 5.6 percent on the year. Click here to read full stories.
Mar 16 - India Imports Less Vegetable Oil Due to Sluggish Demand (Dow Jones)
India's vegetable oils imports have dropped 8% to 4.68 million tons so far this year amid weak demand and high inventory of the commodity, a trade body said. Imports have come down due to a good summer oilseed crop last year and better domestic availability of edible oils, the Mumbai-based Solvent Extractors' Association of India said in a press statement. Further, the cash crunch after New Delhi's removal of high-value bank notes from circulation late last year hurt consumer purchases during the first quarter of the oil year that runs between November and October, the association added. India imported 5.09 million tons of vegetable oils in the same period last season. India's monthly requirement is about 1.65 million tons.
Mar 16 - NZX Whole-Milk-Powder Futures Pares Gains (Dow Jones)
NZX whole-milk-powder futures pull back some after Wednesday's noted gains. CBA says any further move higher would "push futures prices beyond competitive levels." The 3-month contract on the NZX is down 0.9% at US$2,725/metric ton.
Mar 16 - El Nino Concerns Provide Support for Palm Oil Prices (Dow Jones)
There's some upside risk in palm oil prices, given increased concerns over an early re-emergence of the El Nino phenomenon later this year. Meanwhile, there has been some recovery in Malaysia's palm oil exports, with estimates from cargo surveyor SGS showing these were up 1.1% in the first 2 weeks of March, says OCBC in a note. Furthermore, Malaysia has also reduced its export tax on palm oil to 7.5% from 8.0% this month, which should provide some support for prices. Benchmark palm-oil futures for May delivery on the Bursa Malaysia Derivatives Exchange settles up MYR65/ton at MYR2,817/ton.
Mar 16 - Lactalis modifie la référence TB/TP (La France Agricole)
- Sur les dernières paies de lait, l’industriel indique désormais le prix de base pour un paiement du gramme différentiel à 41/33, au lieu de 38/32. Le montant versé à l’éleveur n’est pas modifié, mais le prix de base apparaît artificiellement beaucoup plus élevé.
- Dans la Région Bretagne-Pays de la Loire, le gramme différentiel est payé 2,6 € pour le TB et 6,6 € pour le TP. En passant de 38/32 à 41/33, Lactalis « gonfle » ainsi le montant du prix de base de 21 €/1 000 l.
- Les hypothèses sur ce changement vont bon train. Est-ce en réaction aux pratiques d’autres laiteries, qui indiquent désormais un prix toutes primes et incidences qualité comprises ? Pour que l’industriel se compare plus facilement aux cours allemand et néerlandais ? Pour afficher un prix à la production plus élevé, lors de ses négociations avec la grande distribution ?
Un affichage trompeur
- Les syndicats Jeunes Agriculteurs (JA) de la Bretagne et des Pays de la Loire y voient plusieurs inconvénients : « Cette nouvelle façon de présenter le prix payé pose le problème de comparaison entre producteurs de différentes laiteries » et « risque de mettre [Lactalis] artificiellement sur le podium des laiteries ayant un prix de base du lait le plus élevé. » Ils se demandent « quelle sera la prochaine étape ».
- Claude Bonnet, président de l’Unell, l’une des unions d’organisations de producteurs (OP) livrant à Lactalis, relativise un peu cette nouvelle pratique de l’industriel. « C’est seulement un affichage, une présentation, pas un changement des critères de paiement : la facturation reste sur une base 38/32. Nous avons été informés il y a un mois. »
- Néanmoins, le fait que la première question qui vienne à l’esprit de JA soit « mais que manigance Lactalis ? » en dit long sur l’état de défiance qui règne entre les éleveurs et leur collecteur.
Mar 15 - Asian CPO Ends Higher on Production Worries; Exports Remain Weak (Dow Jones)
Asian crude palm-oil price futures end Wednesday's trading higher amid concerns of weather irregularities later this year that might impact palm-oil production. Export estimates released by cargo surveyor SGS (Malaysia) Bhd. showed Malaysia's palm-oil exports during the March 1-15 period rising 1.1% on month at 507,491 metric tons. Another surveyor Intertek Agri Services showed