China’s cotton imports seen lower on high stocks, subdued consumption, says USDA

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China 2021/22 cotton imports are forecast to fall more than 4.3 million bales from the previous year to 8.5 million, down 300,000 bales this month and significantly less than previous projections, the US Department of Agriculture said in its latest monthly report. It said this was mainly because massive earlier imports were still in bonded […]

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Global 2022/23 wheat production lowered on smaller crops in India, EU; rice output seen higher

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Global wheat production is down this month primarily on smaller crops in India and the European Union, only partially offset by an increase for Russia, the U.S. Department of Agriculture said in its latest monthly report. It also lowered global consumption forecast and said ending stocks were also being revised down mostly on lower supplies […]

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Global soyaoil prices surge to record high as Indonesia bans palm oil exports

Soybean oil prices have soared to a record high on Indonesia’s decision to effectively ban exports of palm oil. The loss of shipments from Ukraine, the world’s top supplier of sunflower oil, and drought in the world’s top soybean oil exporter Argentina had already sparked a sharp rise in global vegetable oil prices. The tightening vegetable oil supplies come […]

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USDA says global wheat outlook for higher output, lower trade and larger ending stocks

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The 2021/22 global outlook this month is for higher production, decreased trade and consumption, and larger ending stocks, the U.S. Agriculture Department said in its latest forecast. It said global output is raised mainly on an increase for Australia, where an updated ABARES estimate raised production 2.3 million tons to a record 36.3 million. “World […]

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