For the second straight year, Asia must rely on the U.S. and Canada for most of its top-quality wheat, as rains have cut the protein content in grain from traditional supplier Australia. Asian nations are among the world’s biggest buyers of the superior quality, protein-rich wheat that is used to make noodles, a staple food
Asian hunger for “noodle” wheat may bolster prices
China’s Corn Rush To Redraw Global Food Landscape
When China abandoned its soybean self-sufficiency quest almost 20 years ago and started importing the oilseed feeding its hunger for livestock, it almost single- handedly transformed the industry. Today, it s poised to do the same for corn. The world s most populous nation is expected to triple corn purchases next crop year and, by
Black Sea Supplies Weigh On Wheat Prices
Australian wheat prices are likely to come under pressure due to supplies from the Black Sea region, while domestic farmers are holding back new-crop sales, hoping for better prices, industry players said on July 27. The new-crop Australian prime wheat is quoted at around A$255 a tonne on the east coast and A$268 on the
Farm private investment seen doubling in two years
Inflows of private capital in agriculture worldwide are expected to more than double to around $5 billion to $7 billion in two years as rising food prices spur investments in farm land and production facilities. Investors from the United States and Europe are looking at South America for growing more feed grains, corn and soybeans,
Weather Curbs High-Protein Wheat Supply
Unusual harvest rains could turn nearly nine-tenths of Australia’s high-protein milling wheat into poorer-quality feed wheat, further strengthening premiums between the two that are already the highest in at least 15 years. The impact will be felt globally, as Australia was expected to produce a bumper crop to offset a supply squeeze in high-quality wheat
Russia Plans To Expand Wheat Exports
“We will be selling Russian wheat directly to flour mills in Asia and we are not going to go through third-party trading companies.” Russian wheat exports to Asia are likely to jump sixfold, to around three million tonnes by 2011, as the country mounts its first aggressive marketing campaign to sell grain in the region,
Marubeni Deal May Aid Stealthy China Grain Imports
China’s second strategic tie-up with a Japanese trading house may be nominally focused on safeguarding soybean supplies, but the unspoken longer-term aim could be to help Beijing secure low-key corn and wheat imports. For now, China remains as it has been for centuries, self-sufficient in corn and wheat supplies; it also holds massive state stockpiles
India Eyes First Wheat Exports In Six Years
India, the world’s second-biggest wheat producer, is likely to export the grain for the first time in six years after bumper harvests boosted stocks, a leading grains trader said Feb. 17. The country will harvest 76.5 million tonnes of wheat this year, just 1.6 per cent below official estimates, Vijay Iyengar, managing director of Singapore-based
Pakistan May Export Flour On Surplus Wheat
Pakistan will likely produce more wheat from its bumper crop than a government target of 25 million tonnes this year, paving the way for more exports from South Asia which could further dent world prices. “There is no fear of any shortfall. It should meet our requirement, we should have some surplus,” Muhammad Saeed, chairman
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