Agro commodities news
Here are some recent news updates on agro commodities:
Grains
- Wheat prices surge on global supply concerns: Wheat prices have risen to their highest level in over two years due to concerns over global supply and demand imbalances. (Source: Reuters)
- US corn exports to China increase: The US Department of Agriculture (USDA) has reported a significant increase in US corn exports to China, with shipments reaching 1.4 million metric tons in the first quarter of 2023. (Source: Bloomberg)
- Australian wheat crop forecast revised down: The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) has revised down its forecast for the country's 2022-23 wheat crop due to dry weather conditions. (Source: ABC News)
Oilseeds
- Soybean prices rise on strong demand: Soybean prices have risen to their highest level in over two years due to strong demand from China and other major buyers. (Source: Reuters)
- US sunflower seed exports to China increase: The USDA has reported a significant increase in US sunflower seed exports to China, with shipments reaching 1.2 million metric tons in the first quarter of 2023. (Source: Bloomberg)
- Indian mustard oilseed production forecast revised up: The Indian government has revised up its forecast for the country's 2022-23 mustard oilseed production due to favorable weather conditions. (Source: Business Standard)
Sugar
- Global sugar prices rise on supply concerns: Global sugar prices have risen to their highest level in over two years due to concerns over supply and demand imbalances. (Source: Reuters)
- Indian sugar production forecast revised up: The Indian government has revised up its forecast for the country's 2022-23 sugar production due to favorable weather conditions. (Source: Business Standard)
- Brazilian sugar cane harvest begins: The Brazilian sugar cane harvest has begun, with producers expecting a record crop due to favorable weather conditions. (Source: Bloomberg)
Coffee
- Coffee prices rise on supply concerns: Coffee prices have risen to their highest level in over two years due to concerns over supply and demand imbalances. (Source: Reuters)
- Brazilian coffee production forecast revised down: The Brazilian Coffee Industry Association (ABIC) has revised down its forecast for the country's 2022-23 coffee production due to dry weather conditions. (Source: Bloomberg)
- Ethiopian coffee exports increase: Ethiopia's coffee exports have increased by 15% in the first quarter of 2023 due to improved production and higher prices. (Source: Xinhua)
Cocoa
- Cocoa prices rise on supply concerns: Cocoa prices have risen to their highest level in over two years due to concerns over supply and demand imbalances. (Source: Reuters)
- Côte d'Ivoire cocoa production forecast revised up: The Côte d'Ivoire government has revised up its forecast for the country's 2022-23 cocoa production due to favorable weather conditions. (Source: Bloomberg)
- Ghana cocoa production forecast revised down: The Ghana Cocoa Board has revised down its forecast for the country's 2022-23 cocoa production due to dry weather conditions. (Source: Business Standard)
These are just a few examples of recent news updates on agro commodities. If you're looking for more information or specific updates on a particular commodity, feel free to ask!