ao link

News

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

Morning round-up, Thursday October 10

TwitterLinkedineCard

* Data from the Malaysian Palm Oil Board showed that the country’s palm oil stocks rose 9.3% from August to reach 2.4m tonnes in September.

 

The increase is the first in seven months for the world’s second largest palm oil producer.

 

Malaysia’s palm oil exports for September dropped 18.8% from August’s three-year high of 1.4m tonnes.

 

Output increased 1.2% from August to 1.8m tonnes.

 

 


* China’s Ministry of Agriculture said that the country’s 2018-19 corn usage for animal feed reached 171m tonnes, down 3m tonnes from its August estimate.

 

African swine fever has massively reduced the country’s pig herd, resulting in the lower demand for feed.

 

 


* German sugar refiner Suedzucker said on Thursday that its operating profit in the second quarter reached E28m, down 54.8% from a year earlier.

 

The company said its sugar division made an operating loss of E55m for the quarter, up from last year’s operating loss of E6m.

 

The company blamed low sugar prices and the impact of a drier-than-normal summer on sugar beet yields for the decline in earnings.

 

 

 

* Customs data showed that Vietnam’s coffee exports for September reached 1.54m 60-kilogramme bags (92,347 tonnes).

 

This is down 19.1% from the exports in August.

 

Vietnam Customs said that the country’s exports for the first nine months dropped 12.5% compared to last year to 1.27m tonnes.

 

 


* Russia’s Agriculture Minister Dmitry Patrushev said the government expects the country’s grain crop to reach 120m tonnes for the year.

 

This is up from the 118m tonnes Mr Patrushev forecast earlier this month.

 

The country’s grain exports for the 2019-20 season are expected to reach around 45m tonnes.

 

Wheat exports are expected to reach 36m tonnes.

 

 

 

TwitterLinkedineCard
Related Stories

Producer, merchant positions in ags for week to April 13

Markets Extra lists the latest official data on commercial positions in ag commodity derivatives

Hedge fund positions in numbers for week to April 13

Markets Extra lists the latest official data on hedge fund positions in ag commodity derivatives, and how they have changed week on week

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
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