Seven-year peak for soil moisture in Brazil’s sugar, coffee regions
Soil moisture levels in those regions of Brazil where coffee and sugar cane are produced are currently at their highest levels in seven years, according to data from Refinitiv, an American-British global provider of financial market data.
Spotlight on the global grain market expectations for 2023
As the world moves firmly into 2023, a level of market volatility that has not been seen in years is creating uncertainty with regard to global grain supplies.
US farmer’s confidence guarded for agriculture in 2023/24
While the confidence of US farmers in the local agricultural economy is at its highest level in 16 months, farmers are somewhat uncertain of what the 2023/24 season holds, according to the latest monthly Ag Economy Barometer report by Purdue University in West Lafayette, Indiana.
UK pig numbers down on the back of high feed costs
There has been some concern among stakeholders in the UK’s pig industry after recent data released by the Department for Environment, Food and Rural Affairs (Defra), indicated that total pig numbers in that country have dropped to 5,2 million, down by 2,5% on 2021 figures.
Low oilseed, grain stock supplies to keep prices high in 2023
Despite high commodity prices encouraging farmers across the world to increase grain and oilseed plantings, a challenging production environment is expected to curb global agricultural output.
US farming income reaches record high in 2022
It is expected that high commodity prices, partly due to the Russia-Ukraine war, will result in net farming income in the US reaching a record US$160,5 billion (about R2,7 trillion) this year.
Mexico seeking deal with US in the wake of planned GM maize ban
The Mexican government has moved swiftly to assuage fears that the country’s recently announced plan to ban genetically-modified (GM) maize by 2024 could violate the United States-Mexico-Canada (USMCA) trade pact.
Crop-planting pace in Argentina ‘the worst in decades’
With farmers in Argentina experiencing a third consecutive growing season marked by drought conditions induced by the La Niña weather system, soya bean and maize planting were off to an unusually slow start at the beginning of the 2022/23 season.
Olives: The fruit of Italy’s migrant exploitation
One of the finest table olive varieties in the world, Nocellara del Belice, is grown in the olive groves near the town of Campobello di Mazara on the Italian island of Sicily.
Fears of egg shortage in the UK as farmers’ input costs soar
Egg producers in the UK are being forced to reduce the size of their flocks, with some leaving the industry altogether as soaring production costs make their businesses unviable.
Ukraine’s grain exports back on track after tense standoff
After announcing its withdrawal from the ‘Black Sea grain initiative’ on 29 October, Russia will rejoin a UN-backed agreement to allow the exporting of grain from Ukraine via a safe Black Sea corridor, with shipments expected to resume in the week of 31 October.
Global coffee prices to benefit from bumper crop in Vietnam
Coffee producers in Vietnam, the world’s largest producer of the Robusta variety used in instant coffee and espresso, are expecting a bumper crop this season.
