ALL AGRI #Import

Wilmar generated $67.4 billion in revenue last year, a 0.3% increase year-on-year. The agrifood giant earned $1.2 billion in annual profit, meaning its $729 million “security deposit” is equal to about 60% of Wilmar’s entire 2024 net Sncome. Indonesian prosecutors accuse Wilmar of bribing officials to obtain the permits in 2022, during a national cooking oil shortage.

July ICE NY cocoa (CCN25) Monday closed up +730 (+8.63%), and July ICE London cocoa #7 (CAN25) closed up +214 (+3.69%).Cocoa prices on Monday recovered from early losses and settled sharply higher as signs of a slowing pace of Ivory Coast cocoa exports sparked short covering in cocoa futures

The findings, published in Nature Geoscience, reveal that the Afar region in Ethiopia is underlain by a plume of hot mantle that pulses upward like a beating heart.The team's discovery reveals how the upward flow of hot material from the deep mantle is strongly influenced by the tectonic plates—the massive solid slabs of Earth's crust—that ride above it.

It is important to note that cheap imported sugar does not translate to cheaper sugar for retail consumers. Imported sugar ends up on retail shelves at a similar price to locally grown sugar, with inflated profits going to importers of offshore sugar.South Africa has seen a steady rise in sugar imports over the past year, despite the local sugar industry being able to fully supply the region’s domestic and commercial needs whilst leaving extra to export.

Released on Friday, the report highlights significant increases in expected yields for key crops such as maize, soybeans, and dry beans, despite the challenges posed by late rains across many regions. The CEC's projected commercial maize crop stands at a robust 14.644 million tons, which is an impressive 13.96% or 1.794 million tons larger than the previous year's yield.