ao link

News

Linked In
RSS
https://twitter.com/Agrimoney
http://www.newsnow.co.uk/h/Industry+Sectors/Agriculture

Morning round-up, Thursday June 27

TwitterLinkedineCard

* Indonesia has instructed farmers in the country to cull around 3m chickens in a bid to boost falling prices.

 

According to an announcement from the agriculture ministry, farmers have until July 9 to cull all 68-week old chickens.

 

Reuters reported that Indonesia currently produces more chickens than it consumes, which has affected prices.

 

The government hopes that the massive removal of chickens from the country’s supply will help improve pricing.

 

 


* Dow Jones reported that heavy rains in Nigeria are increasing worries of black pod disease damaging the country’s 2019-20 cocoa crop.

 

Officials and traders are especially concerned about Akwa Ibom, Abia and Cross River states, three of Nigeria’s top cocoa-producing regions.

 

Rain has reportedly been falling throughout the week with little to no sunshine, creating the perfect conditions for black pod disease.

 

 


* Canada’s trade ministry on Wednesday revealed that fake certificates are being used by unknown individuals to smuggle Canadian pork into China.

 

Minister Jim Carr added that the government did not know whether the meat shipments in question were of Canadian origin.

 

China on Wednesday requested all meat imports from Canada to be stopped after the discovery of falsified veterinary health documents.

 

 


* US Treasury Secretary Steven Mnuchin told CNBC during an interview at the G-20 summit that the United States and China were “90% of the way there” on securing a trade deal before discussions ceased last month.

 

Talks were halted after allegations that China backtracked on nearly all of its agreed-upon commitments.

 

Mr Mnuchin added that he is confident that President Donald Trump and President Xi Jinping would be able to make progress should trade talks resume and that it is in the economic interest of both countries to come to an agreement.

 

 


* Jordan has again made no purchases in an international tender for wheat.

 

According to the country’s state grain buyer, the tender for 120,000 tonnes of milling wheat closed on Wednesday with only two trading houses taking part.

 

Jordan will issue a new tender on July 3.

 

The country has been struggling to make wheat and barley purchases in recent months due to new quality controls and payment terms causing confusion amongst trading houses and reducing their participation.

 

 


* South Africa’s Crop Estimates Committee upped its estimates for corn production for 2019 by 0.3% compared to last month’s prediction.

 

The committee said on Wednesday that it expects South Africa’s corn output to reach 10.933m tonnes for the year, compared to the marginally lower 10.900m tonnes it forecast in May.

 

The 2019 harvest is expected to consist of 5.488m tonnes of white maize and 5.445m tonnes of yellow maize.

 

 

TwitterLinkedineCard
Related Stories

ANALYSIS: Are China's wheat imports about to get the corn treatment?

Competitive pricing is driving Chinese livestock feeders to use more grain in their rations. That could see wheat imports far exceed current forecasts

Cotton, wheat futures gain as USDA stocks downgrades top forecasts

A cut in the Wasde to the forecast for world wheat stocks proves a particular "surprise". But exuberance is capped by downbeat soybean data revisions

Key data in April 9 Wasde, and how they compared with market forecasts

Details of key statistics in the USDA’s Wasde report, which sent corn, cotton and wheat prices higher, but undermined soybean futures

Rapeseed worries mount, as Ukraine looks at lower exports

US officials forecast a drop in Ukraine rapeseed exports, just as weather is testing crops in top producers Canada and the EU. In Australia, however...
Home | About | RSS | Commodities | Companies | Markets | Legal disclaimer | Privacy policy | Contact

Our Brands: Comtell | Feedinfo | FGInsight

© Agrimoney.com 2021

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