Ukraine scraps formal cap on wheat exports in favour of monthly monitoring

KIEV,  (Reuters) – Ukraine has scrapped its formal cap on wheat exports in the July 2019 to June 2020 season, with the agriculture ministry instead monitoring market conditions on a monthly basis to ensure domestic supply is adequate. The ministry signed on Thursday its annual memorandum with grains traders, setting terms for wheat exports for the current […] Read more

Glencore joins grain merchants’ digital project

PARIS, (Reuters) – Glencore Agriculture Limited has joined a project launched last year by other global grain merchants to use new technologies to raise efficiency in trading operations. The initiative was announced last October by the so-called ABCD grain majors – Archer Daniels Midland, Bunge , Cargill and Louis Dreyfus Company. It was later joined by COFCO […] Read more

Tariffs in place or planned for nearly all goods traded by U.S. and China

(Reuters) – U.S. and Chinese trade negotiators are meeting in Washington this week to find ways to defuse a trade war that has roiled markets and triggered tit-for-tat tariffs on hundreds of billions of goods traded between the world’s largest economies. Last week, both sides offered goodwill gestures aimed at laying the groundwork for productive […] Read more

U.S., China agree to trade talks in October

(Reuters) – The United States and China have agreed to meet for senior-level trade talks in Washington in October, raising hopes that world’s two largest economies could make progress toward ending a damaging tit-for-tat tariff war that is now in its second year. China’s Commerce Ministry said its trade team will consult with their U.S. […] Read more

French farm minister against pesticide buffer zones

PARIS, (Reuters) – France’s agriculture minister said on Wednesday he was opposed to establishing 150 metre-wide pesticide-free buffer zones around homes, a measure introduced by several French mayors that prompted the government to consider stricter spraying rules. The use of pesticides in farming is controversial in France, the European Union’s largest crop grower. President Emmanuel Macron has […] Read more

China to rely on South America soybeans in fourth quarter -analyst

HARBIN, China, (Reuters) – Top soybean buyer China can do without supplies from the United States in the fourth quarter and can rely on imports from South America instead, said an analyst with a government-backed think-tank on Friday. The comments by Zhang Liwei, a senior analyst at the China National Grains and Oils Information Center, […] Read more

Germany seeks new wheat export markets as Saudi opens to Russia

HAMBURG,  (Reuters) – German wheat exporters are seeking access to new markets including China, Mexico and Indonesia, an industry association said, following signals that Saudi Arabia is about to open up to imports from Russia. Saudi Arabia has been Germany’s biggest market for wheat exports in recent years, but German firms face much tougher competition after […] Read more

Bayer says next glyphosate lawsuit likely to be postponed

FRANKFURT, (Reuters) – Germany’s Bayer said the next U.S. lawsuit scheduled to be heard over claims that its glyphosate-based weedkiller Roundup causes cancer would likely be postponed. Bayer, which acquired the weedkiller as part of its purchase of Monsanto last year, was initially scheduled to face its first trial outside California in St. Louis, Missouri, […] Read more

China to remove soybean oil, rapeseed oil, palm oil import quotas

SHANGHAI,  (Reuters) – China plans to remove soybean oil, rapeseed oil and palm oil from its import tariff quota management, its commerce ministry said on Wednesday. The news comes after the ministry said on Tuesday Chinese companies had stopped buying U.S. agriculture products in response to U.S. President Donald Trump’s decision last week to impose tariffs on […] Read more