Russia exported agricultural products with a value of USD20.7 billion in 2017, a 21.1% increase on 2016’s figure, according to Russia’s Federal Customs Service.
After five years of negotiations, Taiwan has opened its market to pork products from Italy, clearing the way for products such as Parma ham to be sold in the Asian country.
US commodities giant Archer Daniels Midland (ADM) has announced the realignment of its business across four units – carbohydrate solutions, nutrition, oilseeds and origination – to “better reflect its operating structure”.
Chinese seed firm Yuan Longping High-Tech Agriculture and China National Agrochemical Co Ltd have agreed to set up a corn seed joint venture, with each company contributing CYN50 million (USD8 mln).
Price Graphing & Daily Prices
Agri Data Graphs
Latest Market Data News
Grains & Softs
Cocoa futures closed mixed with New York a little higher and London unchanged, though there is still rallying potential for prices, sources indicate.
Wheat futures were higher this morning with some contracts up around a nickel.
Corn futures inched lower in the overnight session with May futures down ¼¢ at USD3.74¾.
India's sugar mills produced 2.756 million tonnes of sugar, in the first half of March, practically unchanged from 2.736 mln in the previous fortnight but sharply above 1.305 mln in the same period last year, Indian Sugar Mills Association (ISMA) data showed.
Processed Food & Ingredients
The US honey crop from producers with five or more colonies declined by 9% to 148 million pounds in 2017, compared with the previous year.
The average US peanut price increased by 2.7% to 22.7 US cents per pound for the week ending March 10 compared with the previous week.
The global export market for canned sweet corn is increasing annually, from 670,000 tonnes exported in 2010 to 760,000 tonnes last year. Thailand, Hungary, France and the US are the world’s largest exporters of canned sweet corn.
Dairy & Meat
The largest Danish meat producer Danish Crown acquires pepperoni producer DK-Foods, one of the leading players in European market of meat for pizza toppings.
The future of French poultry group Doux may be decided by two key decisions to be taken over the coming days and weeks.
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