Reuters — Australian farmers are holding back wheat crop sales as dryness in parts of the country’s eastern grain belt cuts yields, raising the likelihood for a boost to global prices that have dropped 13 per cent this year. Farmers in the world’s fourth biggest wheat exporter have sold only about a quarter of this […] Read more
Australian farmers hold back wheat sales as dryness curbs yields
China’s Cofco to pay $1.5B for stake in Noble agribusiness
Singapore/Hong Kong | Reuters — Cofco Corp. has agreed to pay US$1.5 billion for a majority stake in Noble Group’s agribusiness, its second acquisition in less than two months, as China’s largest grain trader seeks to strengthen its market position worldwide. The two companies plan to form a joint venture, in which Cofco will own […] Read more
Frost, rains hit Australia’s wheat crop, drag on quality
Unseasonal rains in Western Australia and frost on the country’s east coast have hit wheat crops in the world’s No. 2 exporter of the grain, dragging down quality and reducing harvests. A decline in supply of high-protein wheat from Australia could force major buyers such as Indonesia and China to seek more volumes from the […] Read more
Dryness threatens Australia wheat supply as seeding kicks off
A lack of soil moisture in Australia’s eastern grain belt could hit wheat production in the world’s second largest exporter as farmers start seeding the 2013-14 crop. Concerns over Australia’s wheat output come as the U.S. crop faces winter storms after being planted in dry soil last year, piling pressure on global grain supplies and […] Read more
Australia’s early wheat harvest shows lower protein
The early wheat harvest in Australia, the world’s second largest exporter, is showing lower protein scales and poor yields, analysts and traders said, heightening concerns over global grain supplies as shipments from top exporters dwindle. Farmers are finding lower-than-expected protein scales in New South Wales and Queensland, the states responsible for producing top quality hard […] Read more
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