Commodity & Trade Updates
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Global Soybean meal market to reach US$94.2 billion by 2031: Allied Market Research
GLOBAL- The global soybean meal industry is anticipated to generate US$94.2 billion by 2031, witnessing a CAGR of 4.9% from 2022 to 2031, according to…
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US agricultural exports projections down $5.5 billion from November forecast
USA- The USDA notes that U.S. agricultural exports in fiscal year (FY) 2023 are projected at US$184.5 billion, down US$5.5 billion from the November forecast. …
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Gavilon officially rebrands to Viterra in the US and Mexico after 2022 acquisition
USA- Gavilon has finally rebranded as Viterra across its business in the United States and Mexico, following Viterra Ltd.’s purchase of the grains origination and…
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Consumers could feel the wheat price spike impact sooner as millers hold less supply
GLOBAL- Wheat buyers globally are reducing their purchase of future supplies which means that consumers could feel price spike impacts sooner than they did in…
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Olam Agri’s 2022 revenue grew by 18.0% despite geopolitical risks and macroeconomic volatility
SINGAPORE- In spite of growing geopolitical risks and significant macroeconomic volatility in 2022, Olam Agri delivered revenue growth of 18.0% to US$36.9 billion. Olam Agri,…