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Commodity & Trade Updates
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High fertilizer costs, severe El Niño conditions drag down Philippine rice production
The Department of Agriculture warned that a strong El Niño could cut rice production by up to 700,000 tonnes, or 3.5% of the annual target.
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Mexico’s grain production lags domestic demand
Corn, wheat and rice imports are expected to rise to make up the difference as the United States continues to be the main supplier for grain and feed.
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Italian soft wheat flour exports rise 14.8% as US demand accelerates
This growth pushes year-end projections toward the 400,000-ton mark, according to ITALMOPA, the Italian Association of Industrial Millers.
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Global rainfed agriculture fertilizers market set to reach US$85.3B by 2033
The market expansion comes amid ongoing concerns about global food security.
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China continues US soybean push amid South American purchases
The renewed push for US oilseeds comes as Brazilian and Argentine suppliers typically dominate global agricultural trade.