According to the World Grain Report, Russia has urged the BRICS, a trade alliance between nine emerging countries, to establish an inter-bloc grain exchange. Despite the BRICS’s aim to facilitate trade activity between its members, experts said that the new exchange would have a structure similar to the Organization of the Petroleum Exporting Countries (OPEC), …
Production Increased Indonesia’s biodiesel output climbed by 7% in December, while exports increased, according to local trade association data provided by S&P Global. Indonesia produced 1.24 billion liters (7.82 million barrels) of biodiesel in December, up 7.2% over the previous month, according to APROBI on February 2. The world’s third-largest producer produced 13.15 billion litres …
Indonesia’s December Biodiesel Production Climbed by 7%, While Exports Increased Read More »
February 2, Jakarta – This season, Indonesian farmer Wardiyono started planting his small rice field in January instead of November as usual. This shift was in response to an exceptionally strong El Nino weather phenomenon causing months of drought. After three weeks, he is concerned because the parched crop has not received enough rain. In …
Indonesia’s January Drought, Lower Rice Production and Higher Imports Read More »
China set a new record by importing 100.85 million tonnes of soybeans in the marketing year 2022/23, primarily driven by increased shipments from Brazil, as reported by the United States Department of Agriculture (USDA). The surge in soybean imports was a result of a rebound in demand for soybean meal in the swine and poultry …
At the end of August, Chile’s government declared a state of calamity as catastrophic rains lashed out at remote settlements, leaving at least three people dead. President Gabriel Boric’s administration declared an agricultural emergency last week affecting 100 communities, and it approved $8.3 million to restore irrigation infrastructure, canal systems, and other support programs for …
Agriculture in Crisis: The Aftermath of Chile’s Heavy Rains Read More »
As per Reuters report, Reduced production of robusta beans, the primary variety of coffee produced in Indonesia, might lead to further increases in prices, which have increased by more than 40% in 2023 and reached a record high in June. After torrential rains reduced output to its lowest level in more than a decade and …
Exporters across Asia and as far south as South America have been forced to consider the potential financial repercussions before increasing their sales as a result of the prohibition on new shipments of non-Basmati white rice from the world’s largest source of the crop. The non-Basmati white rice, which made up almost a third of …
Global Rice Market Experiences Repercussions from India’s Export Ban Read More »
