The Food and Agriculture Organization of the United Nations (FAO) reported today that world cereal production should hit a record high. Global food prices rose at the fastest monthly rate in more than a decade in May. The FAO Food Price Index averaged 127.1 points in May, which is 4.8% higher than April and 39.7% …
FAO Food Price Index Says Food Prices Increased Rapidly Read More »
Ivory Coast is the largest producer of a cocoa-the key ingredient in chocolate. World’s most prominent cocoa farmer has power shortage issues which affect on their cocoa production. Ivory Coast cocoa production might fall by 40% to 25,000 tons in May and decline even further in June. Since late April, the Ivory coast’s power generation …
Power shortage in Ivory coast drops cocoa grinding by 40% Read More »
Due to weather-related supply concerns and increased demand, the Investment Funds’ purchase led to a surge in agricultural products this year. Corn futures jumped to their highest level since June 2013. Wheat climbed to a 7-year high, and soybeans reached an 8-year high. The strength of corn spreads to wheat and soybeans, and the depreciation …
During the 2015–2016 crop year and the 2019–2020 crop year, global soybean oil supply grew at a steady 3 percent CAGR. Output for the current crop year (2019–2020) is expected to decline by 2-3 percent compared to the previous crop year (2018–2019). Still, the overall supply is expected to increase due to the prior year’s …
Soybean Oil Price Historical Overview and Facts Worth Knowing Read More »
Analysts say that recent unseasonably dry weather in South America, and concerns that the lack of moisture will resume, could increase soybean prices by over 40% in the first quarter of 2021. According to the founder and CEO of commodity exchange-traded fund company Teucrium Trading, Sal Gilbertie, South America is a little too dry and uncomfortably dry. …
Unseasonably dry weather could boost soybean prices by 40% Read More »
The U.S. soybean prices will soar in 2021, as the export optimism increases on robust China demand. The S&P Global Platts Analytics forecast the average farm price of U.S. soybeans in 2020-21 marketing year (September–August) at $10/bushel, up 17% on the year. Significantly, the U.S. Department of Agriculture’s latest World Agricultural Supply and Demand Estimate report …
The U.S. soybean prices are expected to soar in 2021 Read More »
According to the latest news, at the close of CME Group trading Monday, corn, soybean, and wheat futures increased. The December corn futures ended 5¾¢ higher at $4.16¼, while March corn futures ended the session 4¾¢ higher at $4.24¼. Furthermore, January soybean futures increased by 5½¢ and settled at $11.53½, while March soybean futures ended …
According to the latest news, wholesale onion prices decreased by more than ₹10 per kg in key consuming markets including Mumbai, Delhi and Chennai. After the government imposed stock limits on traders to check hoarding and price increase, the arrival of the perishable commodity rose. Moreover, onion prices decreased even in producing areas. For example, …
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