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Morning round-up, Wednesday October 23

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* Drought in the Ukraine is expected to affect the country’s 2020 winter crop sowing area.

 

The country’s weather centre told Reuters that the area would be smaller and that drought conditions were “far from optimal, but just about manageable”.

 

According to the Ministry of Agriculture around 6.4m hectares of winter grains had been sown by October 21. This is down slightly from last year’s 6.8m hectares for the same period.

 

The sown area included 5.5m hectares of wheat and 777,000 hectares of barley.

 

 


* McDonald’s said during its third quarter results presentation on Tuesday that beef prices increased around 2% during the period.

 

 


* Data from Beef + Lamb New Zealand showed that cattle numbers in the country jumped 2.6% in the last year to reach 3.8m.

 

The biggest increase in beef numbers occurred in South Island, which was up 4.6%. North Island was up 1.8%.

 

Sheep numbers increased by just 0.4%.

 

 


* Farmgate cocoa prices in Cameroon’s top-growing Centre Region increased sharply this week.

 

Sources told Dow Jones that an increase in the number of traders there had caused the price to jump 9.4% from last week to reach 1,110 Central African francs ($1.88).

 

 


* Taiwan’s Flour Millers’ Association is looking to buy 88,900 tonnes of grade 1 milling wheat.

 

According to the tender, which was issued on Wednesday and expires on Thursday, the association is looking to source the wheat from the United States for delivery in December.

 

 

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