Japan's Ministry of Agriculture bought a total of 133,057 tonnes of food wheat from the United States, Canada and Australia in a weekly tender that closed on Thursday.
The price of major farm produce in 36 medium and large sized cities fell further last week (25 February - 3 March) compared with that of the previous week according to the Chinese Ministry of Commerce (MOFCOM).
Exports earnings are expected to rise for a number of products including barley and beef and to fall for canola, wheat, rice, sorghum, cotton and sugar.
India will do everything it can to push record volumes of wheat onto the global market to cut massive stocks, a senior farm ministry official said on Wednesday.
The northern agriculture and agri-food sector is getting a boost from a Government of Canada investment of up to $86,616 to develop new economic opportunities.
Despite reports Tuesday morning of large export sales of soybeans to China, consensus is that such U.S. sales will grind to a halt by about mid-May when cheaper Brazilian supplies temporarily take over the export market.
India could soon allow an extra 5 million tonnes of wheat exports, two government sources said on Tuesday, as the world's second-biggest wheat producer tries to cut massive government stocks.
The preliminary national average price received by farmers for all wheat in February was $7.75 per bu, down 37c from $8.12 in January but up 65c from $7.10 in February 2012.
The world grain crop will climb 7.2 percent in the coming season, aided by larger harvests of corn and wheat, according to Alfred C. Toepfer International GmbH.
David Salmon, an agricultural meteorologist, said the recent heavy snow blanketing much of the center of the United States, has “much improved” the soil moisture in hard red winter wheat growing areas.
To improve the production and yield of different crops, a number of Crop Development Schemes are being implemented by State Government throughout the country.
Africa's farmers have the potential to emulate their South American counterparts and become a global powerhouse in agriculture, a senior executive at DuPont Co. (DD) said Friday.
