ao link


Linked In

Morning round-up, Wednesday July 17


* Brazil’s Administrative Council for Economic Defense has approved Cargill’s acquisition of local swine feed maker, Beckers Indústria de Nutrição Animal Ltda without restrictions.

The acquisition, which was first announced in June, will see Cargill take over Beckers’ 8,000 ton per month production facility in Quatro Pontes, in Paraná, Brazil.



* The Chinese Ministry of Agriculture and Rural Affairs said on Tuesday that it expects pork prices in the country to continue strengthening for the rest of the year due to the African swine fever epidemic.

Wholesale pork prices in the country have jumped nearly 30% in June from a year earlier.




* Germany’s association of farm cooperatives forecast on Tuesday that the country’s 2019 wheat crop would reach 23.85m tonnes.


That constitutes a 17.7% jump compared to last year’s crop, which was heavily affected by drought and extreme heat.

The latest estimate, however, is lower than the 24.7m tonnes the association forecast in its harvest report last month.




* Data from Gabon’s Ministry of Economy showed that during the first four months of the year palm oil production in the country jumped by 62.6%.


According to the ministry, output between January and April reached 58,176 metric tonnes.

It said that the rise in production was due to new plantations in Mouila and Awala.

Government data also showed that Gabon’s 2018 palm oil output was 79,700 tonnes, up 77% compared to 2017.




* Data from the European Cocoa Association showed that that processing volumes of raw cocoa beans on the continent fell to a two-year low.

According to the association’s findings, cocoa grindings fell 3.2% in the second quarter of the year compared to the same period last year.


Cocoa bean usage dropped from 370,359 tonnes in the first quarter to 344,890 tonnes in the second quarter.



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