Commodity & Trade Updates
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Grain prices ease for a second week amid high inflation
GLOBAL- Prices for the three major grains- corn, rice, and wheat- declined during the past two weeks even as domestic food price inflation remains high…
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South Australia’s grain harvest rises by 51%
AUSTRALIA- South Australia’s 2022-23 grain harvest of 12.788 million tonnes is 51% higher than last year and more than 70% above the five-year average, according…
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Bunge board to appoint Mark Zenuk non-executive chair
USA- The Bunge Ltd. board of directors plans to have Mark Zenuk as its non-executive chairperson subject to his re-election to the board during the…
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Canada’s oilseeds exports to fall by 1.5% as domestic processing increases: USDA
CANADA- Canada’s total oilseeds exports could fall by 1.5% in MY 2023/24, according to a Global Agricultural Information Network report from the Foreign Agricultural Service…
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Cargill to halt Russian grain exports, teams up with Nestle on sustainable grazing
RUSSIA – Cargill will take a further step back in elevating Russian grain in the new export season starting in July. “As grain export-related challenges…