National Foods mill on track for commissioning in 2023
National Foods Holdings Ltd., a manufacturer of branded food and feed, is on track to start operations at a new mill in Bulawayo, Zimbabwe, in early 2023, said Todd Moyo, chairman of the company.
Cargill to acquire soybean processor
Expanding its oilseeds network, Cargill has entered a definitive agreement to acquire Owensboro Grain Company, LLC, a fifth-generation family-owned soybean processing facility and refinery located in Owensboro, Kentucky, US.
Satellite images reveal plentiful Ukraine crop
Ukraine farmers in 2022 harvested fewer tonnes of wheat than in the record-setting previous crop year, but close to the recent five-year average volume, according to analysis of satellite imagery by NASA Harvest
Global grain trade review
The grains market has moved this year from handling an unprecedented worldwide pandemic to dealing with a war involving two of the planet’s biggest exporting nations. At the same time, as always, the fundamentals of supply and demand continue to exert their influence.
China’s soybean imports hit the lowest level since 2014
China’s soybean imports hit their lowest level for any month since 2014 this October, according to customs data, Reuters reported.
Russia suspends participation in grain deal
Despite Russia proclaiming that it has suspended its participation in the United Nations-brokered grain export deal with Ukraine, grain ships continued to exit Ukraine’s Black Sea ports on Oct. 31, according to various media reports
India says its wheat, rice stocks sufficient
Following a summer of concern, India’s stocks of rice and wheat have been pronounced sufficient, and wheat could be sold by the government to help control domestic prices, if necessary, Reuters reported, citing the Ministry of Consumer Affairs, Food and Public Distribution.
Argentine wheat crop projections continue to fall.
Drought-stricken Argentina’s 2022-23 wheat crop projections continue to trend downward as the country’s two major grain exchanges cut their forecasts on Oct. 13, according to Reuters.
FAO sees drop in global grain output
The United Nations’ Food and Agriculture Organization (FAO) projected a further reduction in global grain production in its latest Cereal Supply and Demand Brief, released on Oct. 6. The FAO pegged output in 2022 at 2.768 billion tonnes, a 1.7% decline from last year’s crop.
FAC examines impact of war on global food security
The Food Assistance Committee (FAC) during a meeting on Sept. 30 discussed the impact of Russia’s invasion of Ukraine on global grain markets