EU agricultural production continues to be impacted by the consequences of the Russian invasion of Ukraine, by surging energy prices, increasing input costs and food inflation throughout the EU, according to an outlook released yesterday by the EU Commission.
Louis Dreyfus Company (LDC) generated substantial profits in the first half of 2022, saying it capitalized on its diversified business portfolio and global network to manage global trade challenges and the fall-out from the war in Ukraine.
Experts from the Copa and Cogeca working groups on the cereal and oilseeds markets estimated this week that cereal production in the EU-27 will reach 277m tons in the 2022 harvest, some 4.4% lower than the year prior.
Ukraine’s ministry of agrarian policy and food is trying to increase the export of agricultural products to 1.5m metric tons (MMT) per month by railway, along with 0,6m Mt via ports and 0,2m Mt by land.
Viterra Limited is to buy Gavilon, a grain and ingredients trading business, supporting its long-term strategy of significantly increasing its presence in the US, an agricultural region where Viterra had a limited sourcing presence.
Crude oil has been a strong indicator of economic demand, and with a new coronavirus variant making headlines, markets are fearing a cut to consumption, and crude oil values have rapidly fallen, finds CRM Agri.
Fitch believes the solid underlying structural demand shift for food, fuel and feed within a tight commodity supply environment provides support for good profit generation by global agribusiness companies.
Most of the Northern Hemisphere grain production is harvested or weeks away, says the AHDB in its most recent reviews of global grain and oilseed markets, and so all eyes are now trained on the weather conditions in the Southern Hemisphere.
Perdue AgriBusiness acquires organic, non-GMO oilseed crush, production facilities from the financially troubled specialty producer, Hart AgStrong LLC to expand company production of specialty feed and food ingredients.