Page 3 of articles about raw-material

Average global wheat export prices stabilized in April. Maize and barley prices increased while sorghum and rice prices declined.

The Belgian federal and regional agriculture ministers invited their European colleagues to Belgium to discuss food, especially proteins, as a strategic sector for the future of Europe.

World corn projections were lowered by 2.4 million tons compared to the March report. Soybean production, trade, and ending stock projections were cut slightly.

Global wheat export prices declined while maize export prices edged marginally upwards.

Key points from the Prospective Plantings report released by USDA’s National Agricultural Statistics Service (NASS).

World corn production estimates were lowered by 2.3 million tons compared to the February report. For soybeans, estimates were again cut for Brazil.

International prices of all major cereals declined month on month.

The European Commission officially adopted a regulation which grants a partial exemption for European farmers from the conditionality rule on land lying fallow.

Compared to the January report, world corn production estimated saw no significant changes, while international trade figures forecast lower exports for Brazil and a decrease in imports from the European Union. As for soybeans, the forecast for Brazilian production was cut and export estimates increased, which would counterbalance the lower forecast for U.S. shipments.

While wheat, maize, barley, and sorghum prices fell in January, rice prices increased.

The European Commission proposes to allow EU farmers to avail of derogations for the year 2024 from Common Agricultural Policy rules obliging them to keep certain areas non-productive.