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COCERAL, the European association of trade in cereals, oilseeds, pulses, animal feed, olive oil, oils and fats, and agrosupply, has released its fourth forecast for the 2024 grain crop, projecting a significant reduction in total production for the EU-27+UK. The total grain output is now expected to reach 280.3 million tonnes, a notable decrease from the previous estimate of 296 million tonnes in June and down from the 294.2 million tonnes harvested in 2023.

Fastmarkets is inviting you to join the upcoming Global Grain Geneva Conference 2024, one of the world’s most prestigious events of agri-commodity traders, leaders and industry experts.

Algerian President Abdelmadjid Tebboune announced 2024, that the country is on track to achieve full self-sufficiency in durum wheat production by the end of 2025.

Turkey’s wheat import ban, in effect since June 21, will be partially lifted after October 15.

The latest assessment using satellite data produced by the Food and Agriculture Organization of the United Nations (FAO) and the United Nations Satellite Centre (UNOSAT) shows escalating damage to farmland and agricultural infrastructure in the Gaza Strip, further exacerbating the humanitarian and hunger crisis resulting from the ongoing conflict.

The benchmark for world food commodity prices saw its fastest increase in 18 months in September, with quotations up for all covered commodity groups, led by sugar and cereal, the Food and Agriculture Organization of the United Nations (FAO) reported.

ADM announced that it has reached an agreement to acquire Vandamme Hungaria Kft and its related entities, which operate a 700 metric ton/day non-GM crush and extraction facility in northern Hungary.

The XVI Congress of Flour and Cereal Milling Enterprises of Russia took place on September 26-27, 2024, at the International Industrial Academy in Moscow.

Egypt, a key supplier of wheat flour to many African and Middle Eastern countries, has expanded its exports by leveraging increased milling capacity, competitive pricing, and geographic proximity to these markets, according to the latest country report from the United States Department of Agriculture (USDA).

SovEcon, a leading Black Sea grain consultancy, has reduced its 2024/25 export forecasts for Russian wheat, corn, and barley due to a smaller crop size and rising domestic feed demand.

On September 28, 2024, India lifted its ban on non-basmati white rice exports, allowing shipments to resume under a new minimum export price (MEP) of $490 per tonne.

The Food and Agriculture Organization of the United Nations (FAO) has called for immediate global action to address the impending impacts of La Niña.