articles about raw-material

These are the main findings of the latest monthly agri-food trade report published today by the European Commission.

Compared to the October report, cuts were made to U.S. and EU corn harvests, and global soybean projections were lowered.

The European Parliament suggests giving companies an extra year to comply with the EU deforestation law, enabling gradual implementation.

Global wheat, maize, and barley prices rose while sorghum and rice prices declined month-on-month.

Higher U.S. corn exports were estimated and Chinese corn imports were cut again. Soybean figures remained almost unchanged, reflecting a bumper crop and an increase in ending stocks.

EU cereal production is the lowest in the last decade and the EU oilseed production decreases.

After declining for three consecutive months, global wheat prices increased in September. World maize prices also increased.

The European Commission proposes an additional 12 months for companies and countries to adapt to the new regulations, ensuring an effective transition.

The East and Gulf Coast port strike has begun, threatening meat exports and feed ingredient imports.

The 2023-2024 season for straw cereals, rapeseed, and protein crops in France was marked by complex weather conditions. Heavy rainfall influenced crop quality.

Compared to the July report, cuts were made to corn production in the European Union and Ukraine, while estimates for the United States and Argentina improved slightly. Global soybean production, trade, and ending stock forecasts increased, supported by increases in the U.S. harvest and exports.