Global Food

On August 19, the International Cooperation Department of the Ministry of Agriculture and Rural Affairs released the Overseas Agricultural Information Express (No. 149)

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1. Due to the continuous decrease in rainfall, approximately 100,000 hectares of rice were damaged in 9 provinces including Banteay Meanchey and Kompong Thong, of which 2.93% were severely affected.

2. The French government enacted legislation in September 2018 to ban the sale and use of insecticides containing neonicotine. This year, French sugar beets were plagued by aphids, and beet farmers were helpless. The Beet Growers Union issued a request to the government to revise the ban on certain neonicotine-containing pesticides by 2023. The French government wants to agree.

3. On August 17, the European Commission passed a proposal on fishing in the Mediterranean and Black Sea in 2021. The proposal will further reduce fishing in the area by 40% within five years (2020-2024) to implement a multi-year management plan for fish resources in the Western Mediterranean.

4. The U.S. Department of Agriculture updated the global supply and demand forecasts of major agricultural products in mid-August. It is expected that the total global cereal output in 2020/21 will increase by 2.4% over the previous year, the output of oils (including soybeans) will increase by 5.8%, and the output of cotton will decrease by 4.4%; Production increased by 10.1%, oil (including soybean) production increased by 22.2%, and cotton production decreased by 9.2%.

5. Syngenta Group announced on the 17th that it has completed the acquisition of Sensako, a South African seed research and development company. The transaction will help Syngenta accelerate the development of South African wheat, corn and sunflower seed markets.

6. From January to June 2020, the price of agricultural products in Kazakhstan increased by 14.2% year-on-year, the fastest growth rate among the countries of the Eurasian Economic Union, followed by Kyrgyzstan and Belarus.

7. In 2019-2020, India’s aquatic product exports amounted to 1.39 million tons, amounting to 466.6 billion rupees (US$6.68 billion), a decrease of 7.4% from the previous year, and the value of exports dropped slightly by 0.74%.

8. From January to June 2020, Russia's soybean exports amounted to 596,000 tons, an increase of 70%, and the export volume reached 198 million US dollars, an increase of 90%. As Russian soybean meal begins to enter the Chinese market this year, it is expected that Russian soybean meal exports will reach 644,000 tons in 2020, a year-on-year increase of 49%.

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Overseas Agricultural Information Express (No. 148)

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