World Agrinews

Wine output in Italy looks set to fall 12% this year to below 44 million hectolitres after extreme weather and fungal diseases severely hit vineyards, Italian wine lobbies UIV and Assoenologi said on Tuesday.

India’s edible oil imports in July rose to a record 1.76 million tons as refiners built up stocks for upcoming festivals given uncertainty over supplies from the Black Sea, dealers said to Reuters.

• To stay on track for no more than 1.5 ̊ global warming, agriculture must slash its emissions by nearly 80%, according to a new report from McKinsey & Company.
• Farmers play a critical role in this process, but financial and other burdens stand in the way of wide-scale adoption of many of the technologies needed to decarbonize the sector.
• A number of measures for decarbonization can assist farmers and at the same time create real business value for others in the agrifood value change, including policymakers, industry players and investors.

US corn has lacked competitiveness so far in 2022-23, but has found steady demand in Mexico. The origin could struggle in 2023-24 in the face of reduced Chinese demand, particularly if weather conditions do not improve in the US corn belt.