Plunging demand for soy oil in China is expected to cut consumption of the oilseed in the world’s biggest user as lockdowns to prevent the spread of COVID have shuttered restaurants and canteens, according to traders and analysts. China is the world’s top consumer of edible oils, with millions of restaurants guzzling about half of the country’s roughly 17 million tons of soy oil, made from crushing soybeans.
Add your comment!A most unusual low water level of the Paraná river has caused losses of nearly US$ 280 million so far in 2022 to Argentine rural producers and exporters, it was reported.
The intense heat wave in India which has turned out to be the hottest spring in the last one hundred years is having its impact on people, fauna and agriculture. Thermometers recording 50 degrees centigrade, and the lack of water, has forced the government in New Delhi to halt all wheat exports, in anticipation of any shortages that could lead to extreme situations.
Because of forecasted dry weather the Rosario Grains Exchange anticipates a lesser wheat crop in Argentina for the 2022/23 season. The Exchange projects Argentine wheat production to decline to 19 million tons, down from a record the 22.1 million tons in 2021-22, as a La Niña weather pattern is expected to reduce rainfall in the coming months.
Brazil had anticipated a bumper corn crop this year after drought ravaged the country’s soybeans just months ago and its corn a year ago, but dry weather again threatens to curb the potential of its second crop.
World food commodity prices decreased in April after a large jump the previous month, led by modest declines in the prices of vegetable oils and cereals, the Food and Agriculture Organization of the United Nations (FAO) reported.
Soybeans, corn, sugar, coffee, beef, pork, and chicken are the main goods in Brazil’s export portfolio, and should benefit from the current 'food inflation' in world markets until probably 2023, says analyst Elizabeth Johnson from the TS Lombardy consultancy.
Argentina's opposition leaders of the Juntos por el Cambio (JxC - Together for Change) took center stage during Saturday's tractorazo (tractor caravan) towards Buenos Aires' Plaza de Mayo with which rural producers protested against several measures from the administration of President Alberto Fernàndez which were detrimental to them.
Argentine rural producers are planning to stage a tractor convoy parade Saturday onto Buenos Aires' Plaza de Mayo in front of Casa Rosada to protest against several measures by the administration of President Alberto Fernández which have seriously affected them.
Some 600,000 tons of fertilizer, 50% of which potash and of Russian origin were on their way to Brazil during the first week of April. Despite almost two months of war, the flow of Russian fertilizer to Brazil continues, according to consultancy StoneX.