On July 4, 2014, the Government of Pakistan approved a proposal to lift the ban on the import of live animals from countries which have been declared as negligible risk by World Animal Health Organization (OIE).
Hard Red Winter wheat futures to the highest level since April, raising expectations that U.S. exporters will be well positioned to see an increase in export business at Europe's expense.
Severe drought and scorching heat has damaged over a million hectares of farmland in China's Henan and Inner Mongolia provinces, with no immediate relief in sight, state news agency Xinhua reported.
China's overseas sales of soyameal are likely to take a hit as improving soyabean processing margins and higher demand for animal feed at home leave less supplies available for exports.
Overall U.S. food inflation will remain nearb the historic norm in 2014, even as prices for meat and seafood are pushed higher by disease and widespread drought, the U.S. Department of Agriculture said on Friday.
The U.S. Department of Agriculture on Friday maintained its forecast for 2014 U.S. food price inflation at 2.5 percent to 3.5 percent, close to the historic norm, even while raising its projection for pork and seafood prices.
US soyabean prices rose to a near two-week high early on Thursday on firm export demand and concerns that dry weather in parts of the Midwest crop belt might jeopardise yield prospects, traders said.
According to the Rosselkhoznadzor Office for the Republic of Crimea and Sevastopol, the supply of all kinds of food from Ukraine to Crimea is implemented in full and without any delays from the Russian side
Harvesting of the 2014 early season’s potatoes and minor cereal crops of wheat and barley, is currently underway and will continue until the end of June.
US corn futures fell 2 percent to a four-year low on Monday with all months notching contract lows as ideal weather in the heart of the Midwest signalled a bumper harvest, traders said.
Private Egyptian buyers in the past week purchased about 60,000 tonnes of wheat from the Black Sea region, all for August shipment, European traders said on Monday.
