Surprising Jump in Soybean Production in Brazil Projected by Conab
Brazil’s official commodity bureau, Conab, is projecting Brazil’s 2015 soybean production to be a record 95.8 million tons due to an increase in the area planted and the return of regular rainfall to major growing regions after drought earlier in the year. This forecast represents an increase over the bureau’s previous November estimate
Read moreIndonesia Poised for Agricultural Reform
Indonesia is a major supplier of palm oil, rubber, coffee, cocoa, and teak but productivity is slowing, exports are declining, and growth is at a standstill. To instill confidence in the sectors and spark growth in its agricultural industries, Jakarta is planning various reforms including measure which will simplify the processes for investing
Read moreFish Farming Finds its Way to Land-Locked Midwest
Aquaculture is responsible for approximately 50% of global fish supply as global seafood consumption rates are outpacing wild fish populations. Within the sector, Midwest producers are employing indoor closed containment systems that use tanks to raise fish. Through the use of tank systems, a producer can establish an operation in locations cl
Read moreSorghum Prices May Exceed Corn Values in 2014/15
Over the past decade sorghum prices have averaged 6.4% lower than corn prices, however, for the first time in eight years sorghum prices may exceed corn prices in 2014/15 as China bids up prices amid high demand. In an unusual move, based on the latest crop data, the U.S. Department of Agriculture (USDA) is forecasting sorghum prices and corn
Read moreAfter Barren Years in Somalia Signs of Growth by the Bunch
For years Somalia has been dealing with war, corruption, piracy, terrorism, and famine, but, the country has made progress in recent years, electing a new president and adopting a new constitution in 2012. Piracy is under control and militants have since lost power. These advances have brought pledges of international aid and increased stabili
Read moreSyngenta Expects China’s Approval Soon For MIR 162
Syngenta and the U.S. Grains Council expect to receive confirmation of China’s approval for the importation of Syngenta’s MIR 162 strain of genetically modified corn which has been the cause of major trade disruption between the U.S. and China, and which has led to lawsuits within the industry over U.S. grain shipments being rejected by Be
Read moreWASDE: Oilseeds Report
Total global oilseed production for 2014/15 is forecast to be a record 530.7 million tons according to the latest World Agricultural Supply and Demand Estimates (WASDE) report from the U.S. Department of Agriculture (USDA). The rise of 1.8 million tons from its last estimate is due mostly to an increase in foreign production of soybeans, rapes
Read moreWaning Ebola Fears Cast Doubt on Cocoa Price Rises
Fears that the recent Ebola outbreak would affect Ghana and Ivory Coast, the two countries responsible for the bulk of the world’s cocoa, have driven processors to stockpile supplies causing a run on prices. However, high cocoa prices may not be sustainable moving forward as concerns over the spread of the Ebola outbreak are easing and proce
Read morePalm Oil Reserves Seen Rising in Indonesia as Output Gains
Palm oil stocks in Indonesia, the world’s top producer increased for the first time in three months as exports retreated from their highest level in six years. Reserves rose 7.1% month over month in November to reach 2.25 million tons. Exports fell by 7.3% to 2.29 million tons while production increased 4% to 2.35 million tons according to a
Read moreSaudi Arabia to Stop Wheat Production by 2016
In 2008, under a program aimed at attaining self-sufficiency, Saudi Arabia was able to produce 2 million tons of wheat, but soon rejected the program because of its negative effects upon the kingdom’s water resources. Every year since, Saudi Arabia has decreased its wheat production by 12.5%. This week, the kingdom’s newly appointed minist
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