MOSCOW, RUSSIA – The Russian agriculture ministry is considering a non-tariff quota for grain exports of 20 million tonnes from January to June, Reuters reported.
The quota would be removed during the most active part of the season for trading. Read more…
WASHINGTON, D.C., U.S. – U.S. President Donald Trump announced the phase one trade deal between the United States and China will be signed at the White House on Jan. 15. Indications were the Chinese delegation will be led by Vice-Premier Liu He. The Chinese delegation was expected to return to Beijing on Jan. 16. Read more…
BUENOS AIRES, ARGENTINA – Argentina farmers increased forward selling of soybeans in the last four months of 2019 in an effort to avoid higher export taxes that are now in effect, according to a Jan. 8 Global Agricultural Information Network report from the U.S. Department of Agriculture (USDA). Read more…
CANBERRA, AUSTRALIA – Bushfire season came early to Australia with horrifying impact. Each day brings news of more property destroyed, millions of native wildlife lost and now it’s become apparent the country’s livestock industry has been hit. Read more…
The Zimbabwean government has lifted the ban on private grain sales and granted the nod to individuals and corporates with free funds to import quantities of their choice to complement Treasury’s efforts in ensuring adequate national grain reserves. The intervention comes at a time when Zimbabwe has suffered reduced yields as a result of drought experienced last season. The country needs an estimated 800 000 tonnes of maize imports to cover the gap up to the next harvest and government has assured the nation that no one will starve. Please click on the linked article first published in The Herald to peruse.
CINCINNATI, OHIO, U.S. — On day two of the U.S. Grains Council (USGC) summer meeting in Cincinnati, Ohio, U.S., participants focused on agricultural trade in emerging markets. The three markets focused on were India, Africa and opportunities for ethanol sales. Read more…
LONDON, ENGLAND – The International Grains Council (IGC) has lowered its forecast for 2019-20 global grain production as projected wheat output in the E.U., Russia and Canada as well as corn production in China has declined from the previous month. Read more…
MOSCOW, RUSSIA — The Russian government on July 1 announced that it is extending the term of the zero rate on wheat exports until July 1, 2021. The zero wheat export duty, introduced in Russia three years ago, was valid until July 1, 2018, with a subsequent extension until July 1, 2019. Read more…
HARARE, ZIMBABWE — The Reserve Bank of Zimbabwe has released $7 million to buy wheat imports as part of the government’s plan to avoid wheat and bread shortages, the Grain Millers Association of Zimbabwe said June 19. Read more…
LONDON, ENGLAND — Convening for its annual meeting this week in London, members of the International Grains Council (IGC) released their grains, rice and oilseed production outlook for 2019-20. Read more…