Beijing | Reuters — Soymeal prices in China, the world’s top consumer of the animal feed ingredient, are rising after at least 20 soybean crushing plants shuttered to comply with curbs on industrial power consumption, industry participants said on Friday. Five crushing plants in the northern city of Tianjin closed this week, said Tianfeng Futures
Dreyfus, others shut soy crushers in China on power curbs
'Cash is on fire'
Saudi Arabia bans beef imports from five Brazilian meat packers
Saudi Arabia has suspended beef imports from five Brazilian meat packers after the South American country detected two atypical cases of mad cow disease earlier this month, Valor Economico newspaper reported, citing Brazil’s Agriculture Ministry. According to Valor, the five unnamed meat packers are located in the state of Minas Gerais, where one of the
Paris wheat and rapeseed rally on Canada crop forecasts
Euronext wheat and rapeseed futures rose last week after lower-than-expected official forecasts of Canada’s drought-hit harvest rekindled supply concerns. Benchmark December milling wheat on Paris-based Euronext settled up four euros, or 1.7 per cent, at 243.00 euros ($287.37) a tonne, extending a technical rebound. The wheat market was pressured last week by signs of improving
China meat imports drop in August on low domestic prices
China imported 758,000 tonnes of meat in August, down 8.9 per cent from the corresponding month a year ago, customs data showed Sept. 7, as weak domestic pork prices weighed on demand for imports. China has imported 6.69 million tonnes of meat for the first eight months of the year, up 1.7 per cent on
Taiwan applies to join Pacific trade pact week after China
Taipei | Reuters — Taiwan has formally applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the government said Wednesday, less than a week after China said it too had submitted an application. Taiwan has been angling to join the grouping for a while and had already been discussing the issue informally
China to release potash reserves
Move said to be intended to ensure supply, stabilize prices
Beijing | Reuters –– China’s state planner on Wednesday said the government would take measures to keep supply and prices of fertilizers stable, including releasing potash fertilizer reserves and ensuring imports reach farmers as it looks to bolster food security. The National Development and Reform Commission (NDRC) said it was one of 13 government departments
Aurora Cannabis to shut one Edmonton plant
Reuters — Aurora Cannabis said Tuesday it will shut down a facility at Edmonton, adding to the woes of the cash-strapped Canadian pot producer which has been reeling under the impact of the pandemic since last year. The company said medical distribution from the Aurora Polaris facility that is being shut down will move to
Ukraine sees 2022 winter wheat-sowing area at 6.68 million hectares
Ukrainian farmers have begun sowing winter grain for the 2022 harvest and the area under winter wheat could rise significantly, the Agriculture Ministry said on Tuesday. A total of 7.8 million hectares of winter grains, including 6.68 million hectares of winter wheat, are expected to be sown, it said. The farmers had sown the first
Norway’s Yara curtails European ammonia output
Surge in price of natural gas cited
Oslo | Reuters — Norway’s Yara is curtailing ammonia production at a number of plants due to a surge in the price of natural gas, the fertilizer maker said Friday. “Record high natural gas prices in Europe are impacting ammonia production margins,” Yara said in a statement. “Including optimization of ongoing maintenance, Yara will by
China applies to join Trans-Pacific trade pact
Second-biggest economy seeks to add to economic clout
Updated, Sept. 17 — Beijing | Reuters — Japan said it would have to determine if China meets the “extremely high standards” of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after the world’s second-biggest economy formally applied to join. Commerce Minister Wang Wentao submitted China’s application to join the free trade agreement in