TRT Market Reports

The National Irrigation Authority (NIA) has requisitioned a modern electric pump for installation at the West Kano Irrigation Scheme in Kisumu County to boost rice production.

"Bumper Harvest Year in Sub-Saharan Africa, the World’s Food Basket.” We believe the day will come when this headline describes reality if the right policy choices are made today. 

In Madagascar, an Indian Ocean island country, the month of May is in the autumn season. Hu Yuefang, a Chinese hybrid rice expert, rushes to harvest the last batch of hybrid rice with local farmers…

In Saint Louis, northern Senegal, farmers have had to buy extra rice for as long as anyone can remember. “Normally, people can only live off the rice they grow for a few months,”…

President Bola Tinubu says his administration will create agricultural hubs across States in Nigeria to boost food production. The president disclosed this while delivering his inaugural speech on Monday in Abuja.

Low agricultural productivity, food and nutritional insecurity and availing smallholder farmers access to life-changing technologies are issues that AATF and ECOWAS have agreed to solve in partnership in the West African sub-region.

The Crop Estimates Committee (CEC) on Friday boosted its estimate of maize production for South Africa for 2022–2023 by 2% from the previous month to 16 million tons attributable to favourable weather conditions.

Stakeholdersin Ghana's rice value chain were yesterday introduced to new Israeli agriculture technologies essential to improving the climate resilience of rice farming in Ghana for increased yields.

The minister said he would desire to see researchers get innovations that can be adopted by the farmers who are the targeted consumers, which can consequently create an impact in their lives.

South Korean President Yoon Suk Yeol, who attended the G7 summit held in Hiroshima, Japan, announced on the 20th that Korea would support rice production in seven poor African countries with the K-Rice Belt (Korean-style rice production belt).

Australia is facing an "abnormal" winter, with a predicted El Nino and a positive Indian Ocean Dipole (IOD) triggering warmer and drier weather around the country. It's the first day of winter today, and the season will run until the first day of spring on September 1.

Leading Asia Pacific voices are urging Australia to rejoin IFAD to help smallholder farmers.

Reports of easing fertilizer prices are great news for Aussie farmers, but they warn more will need to be done in order to combat food inflation.

Australia’s barley sector may be the next beneficiary of the thawing relationship with Beijing, Trade Minister Don Farrell said following another meeting with his Chinese counterpart.

Australian farmers will be assisted to prove the premium quality, sustainability, and First Nations credentials of their produce through $11 million in grants from the Albanese Government.

OPENWAY FOOD CO. has announced the launch of a $10m manufacturing facility in Melbourne. The plant will enable the onshore production of coated Mini Rice Cakes, part of the Table of Plenty product line, following strong growth in product sales.

Micro and nanoplastics are pervasive in our food supply and may be affecting food safety and security on a global scale, a new study led by CSIRO, Australia’s national science agency, has found.

As the only Federal Government funded, low-cost loan available to support the establishment of new farm businesses across Australia…

Grains Australia Limited has appointed 11 industry representatives to its newly established Grains Market Access Council.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 6.2% growth forecast for the Food industry in Australia.

Certainly, there have been repeated fears of drought conditions across parts of the country which is threatening the livelihood of a very large number of farmers, yet torrential rains are also likely to devastate crops.

Ukrainian President Volodymyr Zelenskyy this week accused Russia of blocking all shipping from Ukraine's Pivdennyi port, with 1.5 million tons of agricultural products unable to move.

Minister Irena Šinko attended the Agriculture and Fisheries Council. The presidency informed the ministers on the proposed regulation on packaging and packaging waste and the ministers discussed the situation of the market for agricultural products following the war in Ukraine.

As farmers battle the cost-of-living crisis, new data shows a rising number of agricultural crimes across Northern Ireland. The latest police data analysed by CompareNI.com show that in the 12 months from April 1 2022 to March 31 2023 there were 237 agricultural crimes recorded in Northern Ireland

The Ministry of Agrarian Policy and Food is exploring opportunities for expanding cooperation in the agricultural sector with Japan, in particular by attracting support in demining territories and providing farmers with agricultural machinery.

The growth of grain exports from Russian ports is forecasted to continue: the country’s supplies to foreign markets totaled 45.2 million tonnes in 2022 and may reach 60 million tonnes by 2024-2025. However, the sanctions have changed this market considerably, both in terms of geography of supplies and in terms of new priorities set by the shippers.

The quantity of durum wheat is growing, but this is not good news for Italian companies that produce pasta. The reason? Production costs are on the rise. 

To slow down climate change, the EU wants to reduce agricultural emissions and promote sustainable soil use. A new law would see the restoration of CO2-storing peatlands, but critics fear farmers will lose out.

Spain and Portugal will jointly ask Brussels to adopt measures to alleviate the effects of drought on European agriculture.

“What must be avoided now is overloading the boat.” Following French President Emmanuel Macron, Belgian Prime Minister Alexander De Croo on Tuesday 23 declared himself in favor of a European regulatory “pause” on environmental standards.

Brazil's economy likely surged back to growth in the first quarter of the year, powered by record-breaking crops and solid crude oil output that more than offset the drag of subdued manufacturing activity, a Reuters poll of economists showed.

The People's Power Minister for Productive Agriculture and Lands, Wilmar Castro Soteldo, held a bilateral meeting with his Brazilian counterpart, Carlos Fávaro, to achieve agri-food cooperation agreements, within the framework of the official visit of the president of Venezuela, Nicolás Maduro, to the Federative Republic of Brazil. teleSUR

A study on the transformation towards new rurality in Latin America, its results, and projections is on a discussion on Tuesday during a regional meeting of journalists organized by ECLAC.

An illegal grain distribution scheme in Mato Grosso, publicly acknowledged by farmers and civil servants, may have taken soybeans and corn planted without permits on Indigenous lands in the state — and within areas interdicted by IBAMA…

The number of people suffering from hunger in Latin America and the Caribbean has surged by 30% since 2019, according to Mario Lubetkin, the Deputy Director General and Regional Representative for Latin America and the Caribbean of the FAO.

Food insecurity spiked in many countries throughout Latin America and the Caribbean in recent years. In 2014, 24.6 percent of the region’s population was food insecure, compared with 40.6 percent in 2021, largely as a result of COVID-19 lockdowns and their economic fallout.

Argentina’s farmers need precipitation to arrive within the next three weeks to stand any chance of emerging from a disastrous drought that has shriveled harvests and slashed agricultural exports.

Heavy rains in recent days in key agricultural areas have buoyed the outlook for Argentina’s 2023-24 wheat crop, even as the much-needed precipitation slows the soybean and corn harvest of the drought-stricken nation, Reuters reported, citing the Buenos Aires grains exchange.

Brazil is poised to export 53 million tonnes of the crop in 2022-23, compared to 45 million tonnes for the United States.

The Ministry of Foreign Trade and Tourism (Mincetur) has reported that the value of Peruvian exports to China grew at an average annual rate of 12.7%, in the 13 years in which the bilateral Free Trade Agreement (FTA) has been in force.

Emphasizing the expansion of agricultural cooperation between Iran and Uzbekistan, Iran’s deputy minister of agriculture said that the two countries enjoy high potentials to further develop their ties.

An academic study published in 2022 presents a comprehensive overview of the various impacts of the climate crisis on agriculture in Turkey.

Agriculture and livestock in the southern Iraqi province of Diwaniyah are suffering from drought amid a dramatic plummet in river water levels.

Amin Salah used to grow wheat near the banks of Iraq's Euphrates River, but persistent droughts have led him to switch to farming unlikely new grounds deep in the harsh desert of Najaf that have led to a doubling of spring crops in a hungry Iraq.

The food security situation in Yemen’s government-controlled districts “slightly improved” during the first five months of this year, but acute malnutrition is on the rise, UN agencies warned in a new report released on Friday.

Figures by the United States Department of Agriculture (USDA) show that wheat output in Iran is going to increase by 10% this year.

The Egyptian government has included small-scale farmers in its fight to counter the food crisis as it tries to feed over 100 million people amid a worsening economic situation. But many of these farmers are crippled by the already-felt water shortage effects from climate change…

The General Secretariat of the Iraqi Council of Ministers confirmed on Wednesday that Iraq and Saudi Arabia agreed to cooperate in the agricultural sector and to confront climate change, the Iraqi News Agency (INA) reported.

Minister of Agriculture, Khaled Hneifat, on Monday, stressed the "deep-rooted" Jordanian-Saudi relations and importance of joint cooperation and partnership in all sectors.

Al Dahra Group, an Abu Dhabi-based agribusiness and one of the largest forage providers worldwide, has signed an exclusive supply agreement with Golden Fields, an Estonian agriculture company…

Commodity Futures Price Quotes For US Dollar Index (ICE Futures)

Latest futures price quotes as of Fri, Jun 2nd, 2023.

Latest futures price quotes as of Fri, Jun 2nd, 2023.

In the south, long and medium grain milled rice steady.

Long Grain, Rough marketing year 08/01 - 07/31 outstanding export sales and exports by country, region and marketing year 1000 metric tons as of May 18, 2023

Released May 22, 2023, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA).

U.S export sales May 25, 2023 (Data for Week Ending May 18, 2023)

Since December 2022, rainfall across most of Iraq has been positive, expected to result in favorable yields and increased production for winter crops wheat and barley, with rice expected to rebound this summer for marketing year (MY) 2023/24.

Export and domestic prices of Thai rice increased one percent due to the strengthening of the Thai baht and strong demand for Thai rice.

China cancelled another 272,000 metric tons of corn from the US this week, taking the total amount cancelled to just over 1 million metric tons or around 40 million bushels.

The U.S. Department of Agriculture (USDA) announced loan interest rates for June 2023, which are effective June 1, 2023. USDA’s Farm Service Agency (FSA) loans provide important access to capital to help agricultural producers start or expand their farming operation, purchase equipment and storage structures or meet cash flow needs.

U.S. wheat, corn and soybean futures tumbled on Tuesday, pressured by macroeconomic worries, strong competition for global grain export business and some forecasts for beneficial Midwest rains next month that could bolster production prospects, analysts said.

New Mexico rancher Bret Riley is concerned a new federal rule that the U.S. Bureau of Land Management wants to set in place could interfere with his agricultural business.

After setting a record last year, U.S. farm exports will shrink 8 percent this year, due to tightening economic conditions worldwide and lower commodity prices, said the Agriculture Department on Wednesday.

In Arizona’s Pinal county water cuts have become a reality even before this month’s historic deal by states to use 13% less water from stricken river

A market analyst says it’s been a good planting season so far in most of the United States. Tim Marsh with Summit Commodities tells Brownfield nearly everyone seems pleased, with a few exceptions.

The most active corn contract for July delivery fell 10 cents, or 1.66 percent, to settle at 5.94 U.S. dollars per bushel. July wheat plunged 25 cents, or 4.06 percent, to settle at 5.91 dollars per bushel. July soybean lost 40.75 cents, or 3.05 percent, to settle at 12.965 dollars per bushel.

President Joe Biden and House Speaker Kevin McCarthy have reached an "agreement in principle," leaving Congress just days to approve the deal and avoid default. An “agreement in principle” between President Joe Biden and House Speaker Kevin McCarthy would raise the nation's legal debt ceiling, but now Congress has only days to approve a package that includes spending cuts…

A Clemson University researcher is part of a multistate, multidisciplinary study to improve rice farming sustainability and profitability through research innovations that advance climate-resilient crops.

This year’s Agriculture Improvement Act, commonly referred to as the “Farm Bill,” will invest a projected $700 billion over five years in U.S. food systems. If it replicates past failures, it will leave families and farmers insecure, excluding workers and farmed animals entirely while accelerating local and global environmental crises.

In various regions around the world, crop conditions are showing mixed outcomes due to climate and other factors. East Africa has seen beneficial rains that have made the conditions favourable for both Belg and Meher season cereals in Ethiopia.

The Atlantic hurricane season starts on June 1, and forecasters are keeping a close eye on rising ocean temperatures, and not just in the Atlantic. Globally, warm sea surface temperatures that can fuel hurricanes have been off the charts in the spring of 2023…

More than 50 percent of the food calories eaten daily by the world’s 7.9 billion people come directly from grains. In impoverished nations, that percentage is 60 percent and in the poorest, it tops 80 percent.

The Philippines and Argentina are looking at further deepening their collaboration in efforts to boost the agriculture sector of both nations.

The global commodity markets have weathered a succession of blows these last few years. The  toxic combination of the COVID-19 pandemic with its mass lockdowns, the Ukraine war, and climate change has affected the availability and prices…

Over 50 percent of the food calories eaten daily by the world’s 7.9 billion people come directly from grains. In impoverished nations, that percentage is 60 percent and, in the poorest, it tops 80 percent.

Rice is in trouble as Earth heats up, threatening the food and livelihood of billions of people. Sometimes there’s not enough rain when seedlings need water, or too much when the plants need to keep their heads above water. As the sea intrudes, salt ruins the crop. As nights warm, yields go down.

Despite wars, civil unrest and a second consecutive strong La Niña, world grain production of wheat, corn and rice has had another record year. Two global agencies are forecasting that in 2023/24, grain production will exceed consumption.

The European Union has been on a mission for the past decade to ban the foreign use of food names like bologna, gruyere and feta cheese, depriving U.S. producers of markets around the world, but a bipartisan roster of lawmakers has stepped forward to try to curb the EU campaign.

Climate change has brought on heat waves for many regions across the world this year, and it's only just beginning — some are expected to continue through a long, hot summer. On top of that, El Niño is expected to make a return this year, exacerbating the warmer temperatures.

The World Bank has approved a loan of 255 million U.S. dollars to support a program that will reduce methane emissions and improve irrigation and drainage services in rice production in central China's Hunan Province, the bank's Beijing office said Thursday.

With the advent of cutting-edge advancements such as precision agriculture, automated machinery, and genetically modified crops, farmers have witnessed increased productivity and efficiency. However, an unintended consequence of these advancements is the potential for rising agricultural product costs.

A flagbearer hopeful of the New Patriotic Party(NPP) and immediate past Minister for Food and Agriculture, Dr. Owusu Afriyie Akoto is set to attend the African Agriculture, Food and Industry Forum in Istanbul & Tekirdağ, in Turkey.

Odisha has achieved 100% onboarding of its agricultural markets under all regulated market committees (RMCs) in the Centre’s e-NAM portal that has paved the way for the seller of different agricultural and horticultural produce of the state to have a direct linkage with markets.

The non-profit Banco Alimentare della Puglia and the Banco Alimentare della Daunia will be among the next beneficiaries of the "From grain to grain" project.

South Korea's finance ministry said Tuesday it has decided to apply tariff-rate quotas on eight major foodstuff imports to ease households' burden amid rising consumer prices.

The Global Rice Cakes Market Market is carefully researched in the report while largely concentrating on top players and their business tactics

Over 90% of the world's rice crop is harvested and consumed in the Asia-Pacific Region, with China and India claiming over 50% of the production.

President William Ruto’s administration lost at the Court of Appeal, which ruled the matter was of public interest and the government could not impose the move without consultations with the citizenry.

From delivering food at the doorstep to picking tea, China has witnessed a remarkable expansion in the utilization of robots across diverse settings, transforming industries and people's daily life.