LDC, one of the world's largest crop traders and processors whose competitors include ADM, Bunge and Cargill, said its core earnings (EBITDA) were $1.057 billion (C$1.434 billion) in the first six months of 2024, against $1.169 billion (C$1.586 billion) a year earlier.
Louis Dreyfus first half profit drops as grain supply swells
Strategie Grains cuts EU wheat crop forecast as harvesting starts
Paris | Reuters – Strategie Grains lowered its monthly forecast for this year’s soft wheat crop in the European Union, confirming its expectation for a four-year low in production as harvesting gets under way. The consultancy now sees 2024/25 soft wheat production in the 27-country bloc at 121.8 million metric tons, 1.7 million tons less
France revamps pesticide reduction plan in wake of farmer unrest
Paris | Reuters – France unveiled on Monday a revised plan to halve pesticide use in the European Union’s biggest agricultural producer, pledging to adopt an EU indicator and boost research into alternatives in a nod to grievances voiced in farmer protests this year. Why it’s important Environmental regulation was one of the main factors
Louis Dreyfus launches juice brand
The commodity giant will lean on its South American citrus production to source the European market
Reuters – Louis Dreyfus Company has launched its own juice brand. The product will first appear on shelves in France. The company hopes to use its orange production in Brazil to tap into demand for fresh and traceable fruit juices, the agricultural commodity group said March 12. LDC is a global trader and processor of
Europe’s grain farms await rain break after damp winter
Weak prices for maize could encourage planting other crops
Grain growers in western Europe will need rain to ease this month to progress with spring planting, after a wet February maintained soggy field conditions that have already put the region on course for a smaller wheat harvest, analysts said.
Ukraine’s grain export success tested by Red Sea crisis
Ukraine Black Sea route slowed by Red Sea turmoil, hampering trade with Asia
Ukraine has managed to boost its Black Sea grain exports to a level not seen since before Russia’s invasion, but the shipping crisis in the Red Sea poses a new challenge to the nation’s crucial agricultural trade. Kyiv’s success in replacing a UN-backed Black Sea export deal with its own shipping scheme has brought relief
France drops plan to decrease farmers’ diesel discount
Protests to continue on unanswered questions says farming union
The French government dropped plans to gradually reduce state subsidies on agricultural diesel but that seems not enough for angry farmers surrounding Paris and still threatening to converge on the capital in their tractors.
Explainer: Why are French farmers protesting?
Many farmers feeling pinched by costs, imports, environmental regulations and disregarded by French society
French farmers are blocking roads across the country to demand government action to address numerous grievances, as protests in the European Union's agricultural sector spread. Here are some of the issues that have prompted the growing protest movement and how the government could respond.
Why are Russian export prices roiling the wheat market?
Dissecting the factors around Russia’s grain movement and its impact on global markets
Reuters – Russian wheat offers at a recent import tender by Egypt were all made at the same price, highlighting what traders classify as behind-the-scenes intervention by Russia’s government that is sowing confusion about the world’s biggest wheat-exporting country. Here is a more detailed look at what is happening: Russian policy In March, sources told
High pasta prices set to boil over as Canada’s wheat withers
Drought in Prairie durum-growing region adds to global supply woes
Reuters – Pasta lovers must brace to pay higher prices for their favourite dish, as drought in Canada and bad weather in Europe damages durum wheat crops and reduces supplies available to flour millers and food companies. Italy’s government called a crisis meeting in May as prices for the staple food jumped by more than double the national inflation
Cyber-Savvy Farmer
