Food Market

soybean

Rains devastated Soybean and farmers witnessed losses

After erratic rains and pest attack that hit central India this monsoon season, locally developed seed variety could not withstand those conditions. Soybean manufacturers in central India are waiting compensation from the government. Most farmers lost a massive part of their crops in the state of Madhya Pradesh. They protested for approximately two weeks in …

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TMN - Wheat

Wheat Harvest is Already the Second Largest

According to the latest news, Paris wheat December futures prices remained strong. On Friday, the closing price was at €192.25/t on.  A slight discount on the previous Friday at €194.50/t. Significantly, Chicago wheat prices declined last week in line with the strengthening dollar, forcing prices down to remain competitive on the export market. Besides, the …

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soybean

China food security concerns of soybean expansion

China should stop expanding soybean farms to leave space for strategic crops including rice, wheat, and corn, to ensure sufficient domestic food supply in light of growing tensions with the United States. The remarks at this year’s China Soybean Industry International Summit Forum noted a turn away from Beijing’s early push to expand domestic production …

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