
Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China.

Brazilian soybean production is expected to increase some five million tons in the 2020/21 harvest to a record 130,5 million tons, according to Daniel Amaral, chief economist of the Brazilian Association of Vegetable Oil Industries (Abiove). Based on this crop oilseed exports could reach 80 million tons in 2021, while domestic crushing could reach a new annual record of 45 million tons.

Lebanon’s main grain silo at Beirut port was destroyed in a blast, leaving the nation with less than a month’s reserves of the grain but enough flour to avoid a crisis, the economy minister said on Wednesday.

According to the Agricensus Agency, a load of Brazilian soy exported to northern China was detained on July 25 because ten crew members aboard a ship from Rio Grande do Sul have tested positive for Covid-19.

Brazil’s soybean production in 2020/21 is expected to jump to a record 130 million tons, with good prices driving farmers to increase planting in pasture areas after a drought reduced the harvest in the south of the country in 2019/20.

Sixty seven farms have taken up the offer from Falkland Islands government, FIG, to purchase their wool clip in relation to Covid-19 support for the Agricultural sector.

An estimate by Brazil´s Confederation of Agriculture and Livestock (CNA) points out that the conclusion of a free trade agreement between Mercosur and Canada has the potential to increase Brazilian export revenues of agricultural products by US$7.8 billion.

After a ten-year hiatus, the South African Department of Agriculture announced the opening of the market for Paraguayan abattoirs to export beef and meat products. According to the Paraguayan foreign ministry, the reopening of this market by the African country was possible through joint work with the Animal Health and Quality Service (Senacsa).

Wild bees are worth some US$ 1.5 billion to key fruit and vegetable crops in North America, according to new research that warned declines in these pollinators threatens the productivity of economically important agriculture.

Argentina has reported its first cases of Covid-19 at port terminals that ship soy meal and oil to the world in a fresh blow to the global commodities trade already disrupted by the pandemic.