Commodity & Trade Updates
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EU censures Hungary’s threat to follow Poland in banning Ukrainian food imports
HUNGARY- The European Union has criticized Hungary’s intention to follow Poland in banning Ukrainian food imports, saying that the unilateral moves were “unacceptable” and trade…
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China to import 12MMT of wheat in MY 2022-23 as domestic prices trend higher: USDA
CHINA- China is forecasted to import approximately 12 million tonnes of wheat in the marketing year 2022-23, according to a report by the Foreign Agricultural Service of the…
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Argentine 27MMT soybean production lowest in 23 years: USDA
ARGENTINA- According to the US Department of Agriculture’s latest World Agriculture Supply and Demand Estimates, Argentina will likely have its smallest soybean crop in over…
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Louis Dreyfus to double capacity of canola facility in Yorkton, Canada
CANADA- Louis Dreyfus Co. (LDC) announced plans to expand its canola processing complex in Yorkton, Saskatchewan, Canada, to double its current capacity to more than…
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Australian barley could reenter Chinese market following new deal with China
AUSTRALIA- Australia has reached a deal with China to attempt reopening the Chinese market to Australian barley after China imposed an 80% import tariff in…