LONDON, ENGLAND – Global grains production and trade are forecast to reach record highs in 2020-21, according to the International Grains Council’s (IGC) latest monthly grain market report, released June 25. Read more…
CME, B3 to launch Brazilian soybean futures – World-Grain.com, 23 June 2020
CHICAGO, ILLINOIS, US, and SÃO PAULO, BRAZIL – CME Group and B3 SA on June 22 announced an agreement to jointly develop risk management products for both Brazilian domestic and global market participants. Under the terms of the agreement, CME Group and B3 will work together to launch futures on Brazilian soybeans in the third quarter of 2020, pending regulatory approvals. Read more…
SACOTA and its role in the South African grain industry – Gaftaworld, Issue 244 / July 2020
South Africa is a country on the southernmost tip of the African continent. It is a fairly large country covering a total area of 1.220 million km2 or 471,000 square miles with a total population of 57 million. It is about the size of western Europe. Read more…
North Africa expected to be world’s top wheat buyer – World-Grain.com, 10 June 2020
RABAT, MOROCCO – Faced with one of the worst droughts in four decades, North Africa is expected to be the world’s top buyer of wheat, Bloomberg reported.
The region’s wheat purchases are expected to increase 7.4% to a record 29.7 million tonnes in the crop year that starts in July, according to US Department of Agriculture forecasts. That level of demand would be higher than the Middle East and Southeast Asia for the first time in three seasons, Bloomberg said. Read more…
EU 2020 crop output revised lower by COCERAL – World-Grain.Com, 9 June 2020
BRUSSELS, BELGIUM — COCERAL, in its third forecast of the 2020 season, projects the total grain crops in the EU (including the UK) at 299.2 million tonnes, down from 301.8 million tonnes that was projected in March.
The new projection is also down from the 2019 crop output of 311.8 million tonnes. Read more…
IGC meets virtually for 51st Council Session – World-Grain.com, 9 June 2020
LONDON, ENGLAND – Members of the International Grains Council (IGC) convened virtually for the 51st Council Session on June 8 where it considered recent changes in national policies, the impact of coronavirus (COVID-19) measures on grains, oilseeds and rice trade as well as activities of other international organizations relating to the grains trade. Read more…
SA and Zambia expect their second-largest maize harvests – Business Day, 8 June 2020
SA and Zambia could emerge as key maize suppliers in Africa with both countries expecting their second-largest maize harvests on record.
The SA government sees agriculture as a key sector for pushing growth and addressing unemployment, while increased agricultural exports are seen as a potential boost for local industry. Read more…