Commodity & Trade Updates
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Australia wheat production to drop by 25% to expected dry conditions: USDA
AUSTRALIA – Aussie wheat production in the marketing year 2023-24 is likely to dip 25% from the 39.2 million tonnes estimated in 2022-23, according to…
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Argentina’s wheat production to boomerang after a lamentable summer harvest: USDA
ARGENTINA- Wheat production in Argentina is likely to rebound in the marketing year 2023-24 following a dismal summer 2023 crop season caused by drought and…
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Canada’s 2023 wheat acreage could be the highest in 20 years: Statistics Canada
CANADA- According to Statistics Canada, Canadian wheat acreage could reach 27 million acres in 2023, up 6.2% year-over-year and the highest in two decades, owing…
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Poland extends ban to Ukrainian grain imports to end of year, Hungary follows suit
EUROPE- The Polish government has decided to keep the ban on Ukrainian grain imports for at least up to the end of the year 2023,…
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Indian wheat procurement soars above last year’s purchase of 18.8 MT
INDIA- Wheat procurement in India, the world’s second-biggest wheat producer, has increased by almost 1 million tonnes, jumping from 18.8 million tonnes last year to…