Brazil exported 69,100 tonnes of FCOJ in July this year and 60,290 tonnes in August, compared with 60,980 tonnes and 73,005 tonnes, respectively, for the same months in 2017.
The USDA’s Moscow post has cut its grain export forecast as production was also revised down on worse prospects for barley and corn.
Cocoa processing in Asia rose 3% in the third quarter from a year earlier, data from the Cocoa Association of Asia (CAA) showed on Friday (October 19).
Price Graphing & Daily Prices
Latest Price News
Agri Data Graphs
Latest Market Data News
Grains & Softs
Strength in soy oil, palm’s key rival for global trade, proved of limited help this week as the latter market refocused on disappointing export trade.
Soybean futures traded lower Friday after USDA announced sales cancellations for China. Soymeal contracts saw similar pressure, while soyoil contracts posted modest gains. November soybeans lost 6 3/4¢ at USD8.56 3/4.
Corn futures closed for the fourth consecutive trading day Friday, with December corn down 3 3/4¢ at USD3.67.
Processed Food & Ingredients
China’s Turpan sultanas have just been harvested and the Harpi variety will enter the market in the next weeks Its price is stable.
Peach raw material production estimates in key processing countries for coming seasons are down compared with previous years, industry delegates reported at the 14th World Canned Deciduous Fruit Congress CANCON14, held in Spain this week.
Ukraine's largest tomato paste producer Agrofusion concludes its 10th harvesting and processing season.
A scandal may be brewing over claims that Haisheng has been processing apples that are unfit for use. In a video report, apple farmers told Qingdao TV that rotten or unripe apples is a fraction of the price of healthy fruit.
Dairy & Meat
The European Commission has presented the EU-Vietnam trade and investment agreements for conclusion to the Council and European Parliament, paving the way for improved market access for EU agri-food products and protection to 169 Geographical Indications.
The number of cattle and calves in US feedlots were hefty but the placement and marketings figures in the update ran counter to expectations.
Pressure to address concerns over intensive chicken production looks set to rise in the EU following the publication of a new report from IEG Agribusiness Consulting.
The European Commission has restored some momentum to its campaign to divest itself of skimmed milk powder intervention stockpile with a unexpectedly large sale at this week's tender.
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