Wheat price fluctuations which usually hover between rallies and dips do not benefit Europe’s farmers, Nieuweoogst reported on September 9, 2024. On the flip side, fluctuating wheat futures in the Euronext trading platform in Paris benefit traders who buy low and sell high. August 2024 was a case study, where the price difference between the weakest and strongest September delivery contracts...
Zimbabwe becomes Africa’s fourth avocado shipper to China
Zimbabwe will soon ship avocados to China following a September 4-6, 2024 bilateral agreement at the China-Africa Forum in Beijing. President Emmerson Mnangagwa and his host Xi Jinping signed the phytosanitary pact, alongside several other bilateral exchanges. But Zimbabwe’s joining the likes of Kenya, South Africa, and lately Tanzania to the 66,000-tonne Chinese avocado export base comes at a price. Strict Requirements The...
Milk rates in the EU, UK on an upward trajectory
UK’s customers and their European Union (EU)’s counterparts are bracing for hiking milk rates as supplies slump worldwide. According to Arla, the dairy multinational that makes the Cravendale branded products, UK shoppers should expect tough pricing regime end 2024. For one, Europe’s wholesale butter has already hinted of the upward curve with its surprise €8,000 ($8,831) a tonne hike on September 3,...
The Arunachal Pradesh ginger benefits farmers after export agreement
The premium Arunachal Pradesh ginger has benefited its growers after the Tibet-bordering northeast India state signed a 5,000-tonne export agreement. Arunachal Pradesh’s Agriculture Marketing Board (APAMB) signed the 350 million-rupee ($4.17 million) agreement with RC Roy Associates on September 8, 2024. During the drafting of the pact, APAMB’s officials said that farmers will be getting payment through the board. The mouthwatering deal will see the company...
Pumpkin spice season is here with a dessert bang
The onset of fall in North America means the pumpkin spice season is here and lots of spicy desserts. 2024 is no different and many Americans have been trying since late August those delectable spice lattes. They buy these at such outlets as Trader Joe’s, Starbucks and others or even make them at home. Strangely enough, pumpkins only make a tiny bit in...
PH rice import tariff decrease won’t impact local prices
The Philippines has clarified that lowering the PH rice import tariff from 35% will still keep local prices stable. A story on the Business Mirror on September 5, 2024 details how producers were circumspect of a drastic price reduction. Producers thought that a tariff cut for Thai and Vietnamese palay shipments would bring retail prices below the current 50 pesos ($0.89) a...
Agriculture in Africa wins part of $50.7b funding by China
Agriculture in Africa will partially benefit from a 360 billion-yuan ($50.7 billion) pledge at the China-Africa Forum in Beijing on September 4, 2024. Gracing the largest Sino-African forum since COVID-19 were China’s leader Xi Jinping and the United Nations’ secretary general Antonio Guterres. In the summit, Africa’s leaders discussed with the host various trade incentives , a part of which being the $50.7 billion fund. Out...
Fruit and vegetable exports by Morocco rise above the desert heat
Morocco has insured an 8% growth in yearly fruit and vegetable exports despite drought, Hespress reported September 4, 2024. This performance has helped rank the North African nation fourth in terms of growth among the world’s fruit and vegetable exporters. Only Egypt, which relies in its Nile River basin for irrigation, had more growth at the continental level at 12%. The two...
A cocoa price raise of 45% looms for Ghana’s farmers
Ghana’s farmers could soon enjoy a handsome cocoa price raise, Reuters reported September 2, 2024. Unconfirmed reports indicate that the country might increase the 2024-25 farm-gate rate by almost 45%, to boost growers’ revenue and deter smugglers. Farmers could earn 48,000 cedi ($3,062) a tonne or 3,000 cedi ($191.40) per 64 kg bag, beginning September 2024. The amount is almost...
The U.S. apple harvest strong in Michigan, New York
Yields from the ongoing U.S. apple harvest are proving robust in the states of Michigan (MI) and New York (NY). Both states rank among the top 3 apple-producing regions of the United States after Washington, hence the importance of their seasonal crop. Apples in the Big Apple New York is already seeing orchards offering “you-pick” services, especially in the cool northern region....