ao link


Linked In

Morning round-up, Friday November 29


* FranceAgriMer said on Friday that, by November 25, farmers in the country had completed 80% of the soft wheat sowing for next year’s harvest.


This is up from the previous week’s 74%, but lower than the 99% level recorded for the same week last year.


The farming body added that 75% of already-sown soft wheat had a good/excellent rating by November 25, down from the previous week’s 78%.




* Vietnam’s coffee exports for the first 11 months of the year are expected to drop by 14.6% from last year to 1.473m tonnes or 2.46m 60-kilogramme bags.


According to the country’s General Statistics Office, export revenue is likely to decline by 20.4% to $2.538bn for the period.


Coffee shipments in October reached 120,000 tonnes, valued at $207m.


* Rabobank reported that Brazil’s beef production in 2020 would jump to 10.45m tonnes compared to 10.10m in 2019.


Beef exports for 2020 were estimated at 2.39m tonnes, up from 2.16m tonnes in 2019.


The Dutch bank also forecast that Brazilian poultry production would total 13.8m tonnes in 2020 (up from 13.6m tonnes in 2019), with exports reaching 3.9m tonnes (up from 3.8m).


Pork production for 2020 was estimated at 4.05m tonnes (up from 3.89m) and exports at 948,000 tonnes (up from 828,000)



* According to the European Commission, milk deliveries on the continent increased slightly for September, rising 0.9% compared to the same month last year.


Milk deliveries for the first nine months of 2019 were 0.4% higher than a year ago.


EU butter production increased by 3.9% for the same January to September period compared to 2018.


Data also showed that milk production in Australia and New Zealand for September 2019 dropped by 4.5% and 0.7% respectively from September 2018 levels.


US milk production was up 1.3%.



* Tereos chief executive Alexis Duval said on Thursday that the French sugar maker would return to profitability in the second half of the 2019-20 financial year.


Mr Duval told Reuters that the company expects to have “visible improvement in our results” compared to the first half of the year and that the rise in the sugar spot price on the continent will result in improved profits in the company’s business-to-business sales.




Related Stories

Evening markets: Grains suffer touch of late-week profit taking

The likes of corn and wheat trade lower in closing deals of a positive week. But the vegetable oil complex, and canola, stay strong

Soybeans vs corn deadlock breaks in battle for acres

There has been some movement at last in the new soybeans-versus-corn price ratio, seen as an influence on sowing area. Cotton stakes its claim too

Weekly grain and oilseeds market view from Europe, April 16

UK wheat import needs to extend into early 2021-22... Cold European temperatures... "Rapeseed prices may be firm for a while"...

Morning markets: Why are vegoils faring so much better than meal?

After all, the recovery in China’s hog herd might be expected to be whetting demand for feed ingredient soymeal. But there is a wheat twist...
Home | About | RSS | Commodities | Companies | Markets | Legal disclaimer | Privacy policy | Contact

Our Brands: Comtell | Feedinfo | FGInsight

© 2021 and Agrimoney are trademarks of Agrimoney Ltd
Agrimoney is part of AgriBriefing Ltd
Agrimoney Ltd is registered in England & Wales. Registered number: 09239069