
Grainscanner brings
some global grain market issues
1. South Korea's Pulse Yield Crisis, Need to Prepare for Climate Change Soybean
Currently, Korea is concerned that the wheat yield will decrease to 80% of the previous year due to frequent rain caused by climate change. Such concerns were shared at the recent Symposium on Countermeasures to Increase Stable Production and Consumption of Pearls held at the Gwangju Agricultural Technology Center. Experts from the Rural Development Administration and the Agricultural Technology Center said that poor crop conditions are expected due to climate change, and in particular, it is necessary to prepare for the possibility of developing Fungus disease. In addition, it is pointed out that changes in the sowing period and a breakthrough in terms of demand are needed. The Korea Pearls Industry Research Association stressed the need to come up with a plan to consume 100,000 tons of Korean wheat annually.
2. India to suspend tariffs on Australian chickpeas
The Indian government's decision to suspend tariffs on chickpeas is expected to revitalize the pulse market in Australia and India. Grains Australia stressed that the decision is critical given the approximately 66% impact on prices. The decision is expected to further strengthen the market for Australian chickpeas, which Grains Australia believes will contribute to improving the industry's competitiveness and profitability. The decision is expected to help the government of Grains Australia and India work together to meet the needs of the chickpeas market and provide stable prices to producers.

3. Argentine grain port strike affects soybean, corn, wheat shipments
Argentina's grain ports are being affected by strikes against government reforms, hurting grain shipments from Argentina, one of the world's top exporters of grain, including soybeans, corn and wheat. "The Rosario port is being affected by the strike, which is due to strike action by SOEA and the Federation of Oil Seeds," Guillermo Wade, a manager at the Port and Marine Activities Chamber, told Reuters. "Work has been halted at the ports," said Gustavo Idigoras, head of the CIARA-CEC Grain Exporting Countries and Processors Chamber.

4. Danish firm Cimbria to carry out high capacity grain terminal project at Polish port
Cimbria of Denmark is working on two high capacity grain port terminal projects in a growing market in Poland. One of them is the HES Gdynia Bulk Terminal Extension Project at Gdynia Port, and the other is Stettin's Szczecin Bulk Terminal Extension Project. These projects are designed in close collaboration with customers and are subject to the latest technologies for safe and efficient storage and transportation of grain.

5. Australia expects 3% drop in wheat production in 2024-25 due to dry weather
Australia's wheat production is expected to decline by 3% during the 2024-25 marketing year from the previous 10-year average, according to a report released by the U.S. Department of Agriculture's Services (FAS). Projected reductions in cultivation area and harvest are expected to bring the country's estimated production to 25.8 million tonnes, down 13% year-over-year, and export 17.5 million tonnes. The decline is mainly driven by dry weather. FAS expects reduced wheat cultivation area, particularly in eastern and western Australia, due to differences in cultivation conditions.
GrainScanner updates new articles every week.
If you're interested in Greenlabs, please contact us.
Grainscanner brings
some global grain market issues
Currently, Korea is concerned that the wheat yield will decrease to 80% of the previous year due to frequent rain caused by climate change. Such concerns were shared at the recent Symposium on Countermeasures to Increase Stable Production and Consumption of Pearls held at the Gwangju Agricultural Technology Center. Experts from the Rural Development Administration and the Agricultural Technology Center said that poor crop conditions are expected due to climate change, and in particular, it is necessary to prepare for the possibility of developing Fungus disease. In addition, it is pointed out that changes in the sowing period and a breakthrough in terms of demand are needed. The Korea Pearls Industry Research Association stressed the need to come up with a plan to consume 100,000 tons of Korean wheat annually.
The Indian government's decision to suspend tariffs on chickpeas is expected to revitalize the pulse market in Australia and India. Grains Australia stressed that the decision is critical given the approximately 66% impact on prices. The decision is expected to further strengthen the market for Australian chickpeas, which Grains Australia believes will contribute to improving the industry's competitiveness and profitability. The decision is expected to help the government of Grains Australia and India work together to meet the needs of the chickpeas market and provide stable prices to producers.
3. Argentine grain port strike affects soybean, corn, wheat shipments
Argentina's grain ports are being affected by strikes against government reforms, hurting grain shipments from Argentina, one of the world's top exporters of grain, including soybeans, corn and wheat. "The Rosario port is being affected by the strike, which is due to strike action by SOEA and the Federation of Oil Seeds," Guillermo Wade, a manager at the Port and Marine Activities Chamber, told Reuters. "Work has been halted at the ports," said Gustavo Idigoras, head of the CIARA-CEC Grain Exporting Countries and Processors Chamber.
4. Danish firm Cimbria to carry out high capacity grain terminal project at Polish port
Cimbria of Denmark is working on two high capacity grain port terminal projects in a growing market in Poland. One of them is the HES Gdynia Bulk Terminal Extension Project at Gdynia Port, and the other is Stettin's Szczecin Bulk Terminal Extension Project. These projects are designed in close collaboration with customers and are subject to the latest technologies for safe and efficient storage and transportation of grain.
5. Australia expects 3% drop in wheat production in 2024-25 due to dry weather
Australia's wheat production is expected to decline by 3% during the 2024-25 marketing year from the previous 10-year average, according to a report released by the U.S. Department of Agriculture's Services (FAS). Projected reductions in cultivation area and harvest are expected to bring the country's estimated production to 25.8 million tonnes, down 13% year-over-year, and export 17.5 million tonnes. The decline is mainly driven by dry weather. FAS expects reduced wheat cultivation area, particularly in eastern and western Australia, due to differences in cultivation conditions.
GrainScanner updates new articles every week.
If you're interested in Greenlabs, please contact us.