World wheat inventories have fallen from record highs five years ago, U.S. data shows, as poor weather hurt output and Russia's 2022 invasion of Ukraine temporarily spiked grain prices.
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Tag Archives Global trade
Harsh weather curbs global wheat output, buoys prices
Louis Dreyfus first half profit drops as grain supply swells
LDC, one of the world's largest crop traders and processors whose competitors include ADM, Bunge and Cargill, said its core earnings (EBITDA) were $1.057 billion (C$1.434 billion) in the first six months of 2024, against $1.169 billion (C$1.586 billion) a year earlier.
Researchers call for rapid adaptation to global trade environment
Canada must prepare for a future featuring a less friendly trade environment, says a new policy note authored by two leading policy analysts. Al Mussell and Ted Bilyea, researchers at Agri-Food Economic Systems Research, said the recent action by China on Canadian canola illustrates their point.
USDA, attaché agree on record wheat crop in India
India is well on its way to a massive wheat harvest in 2024/25, according to the United States Department of Agriculture attaché in New Delhi. The attaché was in lockstep with the USDA in predicting a record 114 million tonnes.
Crop woes may lead Russia to narrow grain exports
Russian government says it may declare a nationwide emergency as frost, drought affects crop
Russia may narrow the spread of its grain exports in the new season due to crop problems, keeping supplies to its traditional markets, VTB board member Vitaly Sergeуchuk said.
China’s drive to boost grain production hits bottleneck, state media says
China's drive to boost grain production has entered a bottleneck where it is difficult to increase production further, state media reported on Monday, as Beijing launched a new drive to raise domestic output by 50 million metric tons by 2030.
Rising U.S.-Chinese tensions raise concerns about trade
Market observers point to moves over the past few years by China and the West to disengage
The trade relationship between China and the United States is deteriorating and poses a threat for U.S. farmers, say analysts.