Agrarian news
18.09.2009
COFCO sees drought cutting China's corn harvest
A drought in China's main corn-growing areas may cut this year's harvest by 12 million tonnes, or 7.5 percent, from 160 million tonnes in 2008, a Chinese corn sector executive said on Thursday. "In the coming years, we don't see any need for imports. China is basically balanced in corn supply and demand," Yue Guojun, assistant president of China's largest grain trader and corn processor COFCO, told reporters on the sidelines of a conference.
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EU barley set for intervention, wheat close
Intervention buying will be needed this season to absorb the European Union's hefty surplus of barley, which has already fallen below the bloc's guaranteed minimum price, French analyst Strategie Grains said on Thursday. The analyst raised its estimate for this summer's EU barley crop by 800,000 tonnes to 61.5 million tonnes, contributing to a 1 million tonne increase in its forecast for available supplies this season.
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Georgia. Wheat harvests are poor, imports will rise
Despite optimistic predictions by the government, farmers are reporting a dismal wheat harvest that will almost certainly require a hike in imports. Drought has plagued many regions causing a return at record lows. This flies in the face of government projections that had forecast a 15 percent increase in yield over last year.
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Moldovan government considers situation in farming sector
The situation in the farming sector and the holding of seasonal works was discussed at a 15 September government meeting chaired by acting Prime Minister Vitalie Pirlog, the government's press service has s
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EU wheat mixed
Western European wheat prices were mixed on Tuesday as a sharp rebound in Chicago pushed futures higher while heavy supplies and lacklustre demand kept cash markets weak. The Chicago Board of Trade saw a surge in early US trade, fuelled by short-covering after recent lows and fears that forecast frost for next week in the US Midwest could hurt late-developing spring crops.
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China forecasts a decrease in soybean imports
China National Grain and Oils Information Center (CNGOIC) predicted on Tuesday that the country's soybean imports in October will fall by less than two million tons from the previous month and may make a record monthly low since September of 2007.
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Ukraine decreases grain reserves 7%
The Ukrainian Grain Association (UGA) announced on Sept. 16 that grain reserves dropped 7% as of Sept. 1.
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Russia decreases grain export volumes
Despite the tendency of the seasonal growth of exports compared to July indices (growth totaled 35%), according to preliminary data, in August 2009, the general volume of grain export supplies totaled nearly 1.7-1.8 mln tonnes, down 24-28% compared to the indices of August 2008. Grain exports through railway lines totaled nearly 675 thsd tonnes, declared the press-cutting service of CJSC “Rusagrotrans”.
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Ukraine: agrarians of Crimea decreased the level of fertilizer application for winter crops sowing campaign
According to the current data of the polling of the annual study “Ukraine: sowing campaign-2010.
more17.09.2009
Over 37mln tons of grain thrashed by September 15
As of September 15, 2009, according to live data, 37.68 million tons of grain was threshed in Ukraine.
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