US sugar production down 2.9% from a record high the previous year

USA - US sugar production for 2018-19 is forecast at 8,981,000 short tons, raw value, 2.9% down from record high 9,252,000 tons forecast for 2017-18, according to USDA’s May 10 World Agricultural Supply and Demand Estimates. For the next year, cane sugar production was forecast at 3,945,000 tons, down 2.1% while beet sugar production was…

Tanzania’s corn production to fall 2% for 2018/2019 harvest

TANZANIA - Tanzania’s corn production is forecast to decline 2% to 5.25 million tonnes for the year 2018/19 down from 5.35 million tonnes in the previous year, affected by pests and diseases, according to a report by Global Agricultural Information Network (GAIN) of the USDA. USDA further noted that apart from a major impact from…

Seed Co Zimbabwe introduces new ‘climate smart’ maize variety

ZIMBABWE - Seed Co Zimbabwe, the country’s largest supplier of certified crops has introduced new climate smart maize seed variety called SC 649, meant to address challenges in climate change experienced by many farmers. The new variety meets breeding objectives which came at a time when Southern Africa has had adverse climate effects, including prolonged…

Dangote, Flour Mills of Nigeria boost wheat production with threshing machines

NIGERIA - Dangote, Flour Mills of Nigeria and other stakeholders in the milling industry have donated 50 units AMAR multi-crop threshers to wheat farmers to boost wheat production in the country. According to the Guardian Nigeria, this aims at improving grain production for Nigeria estimated at about 16.3 million tons for wheat, rice, corn and…

Lower corn sales plunge Monsanto’s Q2 revenue with 1.1% fall in net sales

USA - Monsanto, the publicly traded American multinational agrochemical and agricultural biotechnology corporation has reported a 1.1% fall in net sales to US$5.02bn in the three months ended February 28 compared to a year earlier. The company recorded US$181m drop in corn seed sales, US$181m drop in corn seed sales with US sales being the…

Kenya corn production to rebound, high wheat output forecast

KENYA - Kenya’s corn and wheat production is expected to increase to 3.2 million tonnes and 360,000 tonnes in the 2018/19 MY, according to a report from the Foreign Agricultural Service of USDA. Corn production will increase 10% from 2.9 million tonnes in 2017-18 due to an improvement in weather conditions after a prolonged drought…

Thailand’s corn and rice production to hit record high

ASIA - According to the Foreign Agricultural Service of the USDA, rice and corn production in Thailand is predicted to reach a record 21million and 5.1million tonnes respectively in the year 2018-19. The higher figures reflect a 3% and 2-3% increase for rice and corn production from 2017-18 marketing year. Growth in production is expected…

Syngenta to pay US$1.5b as settlement to US farmers over GMO corn exports

USA - Syngenta has agreed to pay more than US$1.5 billion to American farmers following a lawsuit over its decision to commercialize a genetically modified (GMO) strain of corn before China approved importing it. In what World Grain refers to be one of the largest agricultural settlements in U.S. history, the deal covers U.S. corn…

ADM announces an agreement to acquire 50% stake in Russia’s Aston Foods

USA – ADM has announced an agreement to acquire 50% stake in Aston Foods, one of Russia’s largest producers of foodstuffs and ingredients and a leading exporter of agricultural goods and vegetable oils, as part of its expansion in the corn wet mill business. Under the terms of the agreement, ADM will become 50% owner…

Russia harvests its largest grain crop in nearly 40years

RUSSIA - Russia has harvested its largest grain crop in nearly 40 years, exceeding 134 million metric tonnes (MMT) according to official reports, moving Russia into the number one position of global wheat exporters. The report includes 85.5 MMT of wheat, 20.5 MMT of barley, 12 MMT of corn, and almost 15.8 MMT of other…