Chicago soybean futures lost ground on Tuesday, with prices dropping for the first time in four sessions, as expectations of an all-time high Brazilian crop and concerns over economic growth in top consumer China weighed on the market.
Wheat fell, while corn slid from a two-week high.
FAO Food Price Index ends 2022 lower than a year earlier.
The index of world food prices dipped for the ninth consecutive month in December 2022, declining by 1.9 percent from the previous month, the Food and Agriculture Organization of the United Nations (FAO) reported today.
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening activity, the head of the International Monetary Fund said on Sunday.
The new year is going to be "tougher than the year we leave behind," IMF Managing Director Kristalina Georgieva said on the CBS Sunday morning news program "Face the Nation."
For the period January-July 2022, the volume of cheeses exported from the EU decreased from 562.7 thousand tons to 538.3 thousand tons, sources in the EU reported.
Russia's war against Ukraine puts additional pressure on the already tense global logistics, as container shortages and rising production costs are among the factors affecting the fruit industry.
Richard Salazar, executive director of the Ecuadorian Banana Association ACORBANEC, assessed the impact of the war on Ecuador's banana exports and outlined the challenges facing the industry.
More and more world leaders are realizing that the war is affecting not only Ukraine but virtually the entire world, including its global food security.
The European Union, as part of the next package of sanctions, has limited the import of fertilisers from Russia.
The restrictions do not apply to deliveries before July 10 under contracts concluded before April 9 this year, according to the Official Journal of the EU.
Ahead of talks between the EU institutions on the EU’s renewable energy Directive, Copa and Cogeca sent a joint letter today urging the EU to follow the Council’s general approach to have true targets for renewable energy sources to decarbonise the transport sector. Copa and Cogeca believe that the EU should have a a binding blending obligation on fuel suppliers of at least 14%, without technological restrictions.
The United States Department of Agriculture (USDA) forecasts grain harvest in Ukraine in the 2017/2018 marketing year (MY, July-June) in the amount of 61.79 million tonnes, while exports could reach 38.31 million tonnes.
Expecting record foodgrain production this crop year (July, 2016-June, 2017), the Centre imposed 10% import duty on wheat and tur or arhar dal (pigeon pea) with immediate effect — a move which is aimed at protecting interest of farmers as prices of pulses fell below the minimum support price (MSP) across key producing states.