ao link


Linked In

Morning round-up, Tuesday June 11


* Taiwan’s Bureau of Animal and Plant Health Inspection and Quarantine reported on Tuesday that fall armyworm was found in a corn field in Miaoli country.


It said that it is also investigating reports that the pest may have reached Yilan and Chiayi counties.


According to the bureau, fall armyworm could reduce Taiwan’s wheat, corn, sorghum and rice yields by 20% to 30%.


Meanwhile China on Monday predicted slightly better corn output for the 2019-20 season despite the fact that fall armyworm has spread to 18 provinces, regions, and municipalities in the country.


China’s Ministry of Agriculture and Rural Affairs said it expects the country to produce around 254.4m tonnes of corn for the new season, up slightly from last month’s estimate.




* South African sugar producer, Tongaat Hulett was suspended from trading on the Johannesburg and London stock exchanges on Monday.


According to Reuters, the suspension was at the sugar maker’s request as it prepares to restate its 2018 financial results.


The company has reportedly also delayed the release of its 2019 financial results from May to October.

"Owing to the Board’s concern that there is insufficient information in the market to enable investors to make informed decisions, the Board has voluntarily approached the Johannesburg stock exchange with a request for a suspension of the listing of the Company’s securities," Tongaat said in a statement.



* US poultry producer, Tyson Foods has announced a recall of around 191,000 pounds of chicken fritter products due possible contamination with hard plastic.

According to the US Department of Agriculture’s Food Safety and Inspection Service, it was notified of the problem last week after Tyson received three complaints.

No reports of adverse reactions to the foreign material have been reported so far.




* An Indian farmers group confirmed that it planted unapproved GMO cotton seeds developed by Bayer’s Monsanto unit.

The group, which believes that farmers shouldn’t be denied access to new technology, confirmed that its members were secretly planting the unapproved seeds until last year.


This year, however, they will be doing so openly, defying the Indian government’s ban on the seeds.




* Egypt’s supply ministry said on Monday that the country has up to five months’ worth of strategic wheat reserves, which it considers a safe level.


Egypt is the world’s largest wheat importer and has so far sourced around 3.15m tonnes of local wheat for the season (ending June).


The ministry did not mention exactly how much local wheat the country has stored.




* According to Reuters, ARK-Inform, an analyst group, announced on Monday that the Ukraine exported around 4.16m tonnes of sunflower oil so far for the 2018-19 season (ending in August).


The report also stated that the Ukraine, the world’s number one sunflower oil maker, exported around 3.79m tonnes of the oil for the same period in the 2017-18 season.



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

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