Argentine grains inspectors and oilseeds workers started a new wage strike on Wednesday, organizers said in a joint statement, as stalling contract negotiations threatened to interrupt exports from one of the world's main bread baskets.
Brazil soybean imports during November reached 122,000 tons, 20 times more than in November 2019 (6,000 tons). Purchases cost US$ 49.2 million, compared to the US$ 1.9 million spent a year earlier, as the average value of the ton purchased increased from US $328.8 to US$ 402.4, according to the Brazilian Foreign Trade Secretariat, SECEX.
United States president-elect Joe Biden plans to nominate former Iowa Governor Tom Vilsack for agriculture secretary, Axios reported on Tuesday. Vilsack, who led the U.S. Department of Agriculture (USDA) under former President Barack Obama, could not immediately be reached. His spokeswoman, Regina Black, declined to comment as an official announcement hasn't been made.
Brazilian farmers have sold 56.5% of their beans in advance through December 4, Safras & Mercado, an agribusiness consultancy, said in a statement last Friday. Considering Brazil is poised to collect 133.517 million tons of the oilseeds this season, the volume of pre-sold soy amounts to an estimated 75.403 million tons, Safras said.
Global food commodity prices rose sharply in November to their highest level in nearly six years, according to a benchmark United Nations report released on Thursday. The FAO Food Price Index averaged 105.0 points during the month, up 3.9% from October and 6.5% higher than its value a year earlier. The monthly increase was the sharpest since July 2012, putting the index at its highest level since December 2014, the Food and Agriculture Organization said.
FAO has further lowered its forecast for global cereal production in 2020, which now stands at 2 742 million tons - still a record high and 1.3% above the previous year's outturn. The new forecasts released today with FAO's Cereal Supply and Demand Brief point to world coarse grains production of 1,470 million tons, wheat production of 761.7 million tons, and rice output of 508.4 million tons.
Two major unions in Argentina's agro-export industry, one of the world's top grains exporters, said that they would launch an indefinite strike starting Tuesday morning, ramping up a standoff that has been simmering for months.
Wheat prices fell after Australia forecast its second-highest crop ever and Russia proposed curtailing grain exports next year. Wheat futures fell as much as 3.3% in Chicago trading, the lowest for the contract in almost eight weeks. Corn and soybeans also fell following rainfall in South America during the weekend.
All 10,500 turkeys will be culled at a farm in North Yorkshire, in England after bird flu was confirmed at the site. The H5N8 strain of avian influenza was found at a turkey fattening premises near Northallerton on Saturday.
A highly contagious and deadly form of avian influenza is spreading rapidly in Europe, putting the poultry industry on alert with previous outbreaks in mind that saw tens of millions of birds culled and significant economic losses.