According to a new report published by IndexBox, the revenue for Africa's wheat market amounted to $15.5bn in 2017, rising by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).
High levels of volatility are expected to remain in the US corn market for the rest of summer. In this week alone we saw prices see-saw with price increases one day and decreases the next day.
The European summer has had a false start. The weather in May and June has generally been gray, and if there is one product that suffers from gray, rainy summers, it is the watermelons.
small airplane soaring 2,000 feet above the ground on Monday released a steady stream of Mediterranean fruit flies, all of them male, into the air above Florida’s affluent Palm Beach County. The population would technically be considered invasive in the wild, but officials prefer to call them “sterile” because these particular flies can no longer do the damage an invasive species can. The mission of those flies? Mate with the local females.
A sudden drop in the price of tobacco could not have come at a worse time for Zimbabwe. Halfway through the selling season, the price is about 37% lower than last year — at a time when, on its current trajectory, inflation could hit 100% by year-end.
The USDA WASDE report indicated lower than expected yields, production and carry out stocks; this provided support for market prices.
