Ethiopia builds wheat production capacity with adoption of new-improved varieties

ETHIOPIA – Ethiopia, the largest wheat producer in sub-Saharan Africa is inching closer to become self-sufficient in production of the crop, following the widespread adoption of new, improved and rust-resistant wheat varieties since 2014. This was revealed by International Maize and Wheat Improvement Center (CIMMYT) who undertook the first nationally representative large-scale wheat DNA fingerprinting study, in partnership with the Ethiopian Institute of Agricultural Research (EIAR), the Ethiopian Central Statistical Agency (CSA) and Diversity Array Technologies (DArT). The study was undertaken in 4,000 plots which found that nearly half (47%)…

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Thai rice prices are under downward pressure as supplies of MY2020/21 main-crop rice flood the market

THAILAND – The United States Development Agency (USDA) has maintained its Post’s forecast for MY2020/21 rice production in Thailand at 18.6 million metric tons, up 5 percent from MY2019/20. USDA attributed this growth to favourable weather conditions for main-crop rice production in Thailand’s non irrigated areas which accounts for approximately 75 percent of total main-crop rice acreage. The agency notes that the increased main-crop rice production in non-irrigated areas will likely more than offset the reduced rice production in irrigated areas where reservoirs are critically low. A bumper harvest would…

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Canada wheat exports plummet 4% in TY 2019/20 despite increase in quality

CANADA – Canada’s wheat exports ended trade year (TY) 2019/20 down four percent below the previous year despite remarkable improvement in quality during the same period, a recent United States Department of Agriculture (USDA) report has shown. USDA noted that despite the overall decline in Canadian wheat exports, demand for the grain has significantly risen since March. Exports for the months of April through August were up 33 percent over the three-year average riding on the back of less competition for rail service. Durum exports surge In TY 2019/20, USDA…

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Pakistan to import 200,000 tons of wheat from Russia to control inflation

PAKISTAN – Pakistan plans to buy about 200,000 tons of wheat from Russia as part of Prime Minister Imran Khan’s bid to control inflation by increasing supplies of essential commodities. Islamabad will soon sign a memorandum of understanding with Moscow for the supply of the grain on a government-to-government basis, Pakistan’s wheat commissioner, Imtiaz Ali Gopang, said. He added that the shipments from Russia are likely to arrive by December after the federal cabinet approves the proposal. Russia’s agricultural agency said the country has already shipped 128,000 tons to Pakistan…

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Wheat production in France projected to decline by 25% leading to reduced exports in 2020

FRANCE – Wheat production in France is projected to be about 31 million metric tons (MMT) in 2020, a 25% decline from 2019 production due to unfavourable weather conditions. This is according to the Global Agricultural Information Network report from the U.S. Department of Agriculture (USDA), who have also forecasted that exports will also slightly decline to 13-15 million metric tons compared to 23 million metric tons exported in 2019. The 2019 wheat exports were particularly to Algeria, Morocco, and Egypt. The soft wheat crop is estimated to be the…

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Nigeria’s wheat imports to climb 4% as local production remains submerged

NIGERIA – Nigeria’s wheat production in marketing year (MY) 2019/20 is forecasted to reach 60,000 metric tons (MT), unchanged from the previous year’s, according to Global Agricultural Information report from the U.S. Department of Agriculture (USDA). With an increase in consumption of wheat flour-based products, attributable to the country’s population growth of 2.5% annually, wheat imports during the year under review is forecasted to rise by 4% to 5.6 million tonnes. Despite Federal government’s intervention in the wheat sub-sector, crop industrialization and backward integration policies to reduce the country’s reliance…

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Ethiopia purchases 500,000 MT of wheat from Australia, Russia worth US$150m

ETHIOPIA – The Ethiopian government has entered into a state to state level agreement with Australia and Russia to supply a total of 500,000 metric tons of wheat to Ethiopia for US$150 million. Majority of the purchase order will be undertaken by Australia to supply 400,000 metric tons of wheat for US$120 million, with payments to be made in instalments in a year. While Russia will supply the remaining 100,000 metric tonnes for US$30 million. Currently, Export and Import (EX-IM) Bank of Russia and the Commercial Bank of Ethiopia (CBE)…

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ITFC finances Egypt’s wheat, sugar imports with US$100m facility

EGYPT – The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank Group (IDB), has signed a US$100 million financing agreement with Egypt’s General Authority for Supply Commodities (GASC) to cover the government’s essential strategic commodity needs during the outbreak of the new coronavirus (COVID-19). The Approval of the financing, which forms part of the ITFC’s Master Murabaha Agreement, will enable GASC to mitigate the very worst human impacts of the coronavirus pandemic by securing food commodity imports. The financing is specifically targeted at supporting the importation…

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Egypt buys less wheat than anticipated at tender to boost reserves

EGYPT – Egypt, the world’s largest wheat buyer, bought a smaller quantity of wheat than anticipated on Tuesday 15, April 2020 at a rare international purchasing tender held as the country’s local buying season of the grain begins. The state grain buyer said it bought 120,000 tonnes of Russian wheat as the country looks to bolster its strategic reserves amid the coronavirus outbreak, reports Egypt Today. Traders had been expecting a much larger purchase after the supply minister announced the country would look to import 800,000 tonnes of the grain…

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Commercial Bank of Zimbabwe invests US$7.57m in winter wheat production

ZIMBABWE – The Commercial Bank of Zimbabwe (CBZ) and private partners in the country will this year fund the winter wheat production under contract farming by the government to the tune of ZWD 2.74 billion (US$7.57m). According to Vice President Constantino Chiwenga, an increased yield of 415 000 metric tonnes is expected, surpassing the required 400, 000 metric tonnes achieved annually. The government will increase the planted area to 80, 000 ha from last year’s 24, 184 ha with CBZ farming 65, 000 ha whilst the private sector 15, 000…

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