Markets

© GettyImages/Dmitrii_Guzhanin

EU soy output to hit record high

By Jane Byrne

Soy output in the EU-27 is projected to reach 3m tons this season, an all-time high, and an increase of 33% against 2022.

© GettyImages/Olha Pylypenko

Agri-commodity market trends

IGC forecasts 7% jump in global soybean output

By Jane Byrne

World soybean production for 2023-2024 is forecast to expand by 7% year on year (y/y) to a record of 395 million tons, chiefly linked to bigger crops in South America, notes the latest update from the International Grains Council (IGC).

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Bunge reveals value of CJ Selecta acquisition

By Jane Byrne

Bunge disclosed the value of the CJ Selecta deal during its call with analysts following the company’s Q3 2023 earnings release last week. It is paying out around US$600m to acquire the Brazilian manufacturer and exporter of soy protein concentrate (SPC).

William Reed expands leading portfolio with agtech focused website. Credit: Getty/witsarut sakorn

News

William Reed launches new agtech website

By Bethan Grylls

The company behind leading titles including Food Manufacture, British Baker and The Grocer, has launched a new site dedicated to the agtech space.

Aerial view of Odessa Port, Ukraine © GettyImages/graphixel

Ukrainian corn crop forecast to grow by 17%

By Jane Byrne

A recent USDA attaché report sees improved grain production in Ukraine over the next 12 months, with volumes set to exceed the previous year, particularly for corn.

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EFSA finds yeast probiotic effective for use in cat food

By Jane Byrne

The European Food Safety Authority (EFSA) has released a positive opinion on the efficacy of a probiotic live yeast product for use in cats, outlining how it can increase their fecal dry matter content.

Image: Getty/piyaset

Eight crops endangered by climate change

By Oliver Morrison

From staple crops like potatoes and maize, to cash crops for wealthier customers like cocoa and coffee, climate change is having a widespread impact on global agricultural production.