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Tuesday, January 5, 2021
Argentina's corn export suspension not likely to reduce local food prices
Argentina's recently announced suspension of corn exports will not have its intended effect, which was to lower the cost of local staples like steak, the country's CICCRA meat industry chamber said on January 4.
Monday, January 4, 2021
China Corn: Prices break records as auctions fail to meet demand (week ended Dec 30, 2020)
Shortages of corn in China worsened as the state reserves auctions were insufficient to meet demands. Deep processors were compelled to increase buying prices while the availability of corn in the production region dwindled. Prices rose sha ...
Monday, January 4, 2021
Mexico's National Farm Council against GMO corn ban, organic growers laud ban
Mexico's main agricultural lobby the National Farm Council criticised the government's decision to ban genetically modified (GMO) corn, while organic growers supported the ban which they say will protect smaller farmers, Reuters reported.
Thursday, December 31, 2020
Argentina to suspend corn exports till Feb 28
Argentina will suspend sales of corn for export until February 28, the agriculture ministry said on December 30, announcing the surprise move as part of the government's effort to ensure ample domestic food supplies, Reuters reported.
Tuesday, December 29, 2020
China Corn: Corn auctions hold down prices (week ended Dec 25, 2020)
As supplies increased due to the state reserves auction, prices of corn stayed soft. Several farmers were reluctant to release newly harvested corn while prices fell below expectations.
Friday, December 18, 2020
Brazil looks to boost corn exports to China
Abramilho, a Brazilian corn producers association, said Brazil is in talks with China to increase corn exports to the latter, but not at this time because of inter-harvest supply shortages, Reuters reported.
Tuesday, December 15, 2020
CP Foods Thailand pledges responsible corn sourcing
In a press release, Charoen Pokphand Foods PCL (CP Foods) reassures the company only buys corn of responsible and traceable origin, which have legal land documents and have proven their non-involvement with forest encroachment, in an effort ...
Tuesday, December 15, 2020
China Corn: Prices climb to new highs, government releases reserves (week ended Dec 11, 2020)
China government halted corn reserves stockpiling and released 576,600 tonnes of state reserves. Traders turned cautious while supplies increased, hence limiting corn price rise.
Tuesday, December 8, 2020
China Corn: Prices break new highs (week ended Dec 4, 2020)
Buyers were keen to stock inventories of corn in view of inadequate availability in 2021. Soaring to new highs corn prices, broke the record set in July 2014.
Tuesday, December 1, 2020
China Corn: Prices set to hit new highs (week ended Nov 27, 2020)
Corn prices increased further amid concerns of inadequate availability. Despite ample supplies in the near term, China is expected to face corn shortages in 2021, particularly in the south where livestock inventories recover steadily.
Friday, November 27, 2020
IGC cuts corn crop forecast
The International Grains Council (IGC) on November 26 cut its forecast for global corn production in the 2020/21 season, Reuters reported.
Monday, November 23, 2020
China Corn: Tight availability, firm demand drive up prices (week ended Nov 20, 2020)
Port availability of corn tightened lately, hence helping to underpin prices. Meanwhile, increased feed consumption and feed additives production strengthened the demand for corn, prompting traders to lift prices.
Wednesday, November 11, 2020
US corn and soybean stockpiles drop to its lowest since 2013/14
The United States Department of Agriculture (USDA) said corn and soybean supplies in the US will drop to its lowest in seven years because of increased exports and decreased harvest estimations, Reuters reported.
Tuesday, November 10, 2020
China Corn: Prices climb towards to 2014 record highs (week ended Nov 6, 2020)
Despite a shrinking poultry population in October, the demand for corn remained robust as buyers continued to stockpile inventories in anticipation of tighter availability. However, as more wheat, a substitute of corn, is available in the m ...
Tuesday, November 10, 2020
China feed additives: Amino acids markets strengthen in October on rising corn costs
Amino acids prices strengthened amid higher costs while vitamins markets weakened further.
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