Supply Chain - Drought

Italy To Cut Rice Output As Drought Looms For Second Year

Italian rice output is set to fall in 2023 as farmers facing a second year of drought reduce the land dedicated to the crop to the lowest for more than two...

French Sugar Beet Area To Shrink To 14-Year Low, Growers Say

The French sugar beet crop area is set to fall to a 14-year low this year despite high prices, with farmers deterred by potential crop damage because of pe...

Bunge Profit Beats Expectations On Strong Soy Crush Margins

Commodities trader Bunge has reported fourth-quarter profit above estimates, as robust soy crushing margins and global demand for crops bolstered its core...

Drought Threatens U.S. Wheat Production Despite Acreage Bump

U.S. farmers expanded plantings of winter wheat by 11% from a year ago to an eight-year peak, encouraged by high prices tied to concerns over food supplies...

US Beef Cow Herd Falls To Lowest Level Since 1962, USDA Says

The US beef cow herd dropped to its lowest level since 1962, US Department of Agriculture data showed, after a severe drought raised costs for livestock fe...

ADM's Earnings Top Forecasts On Strong Crush Margins, Buoyant Demand

Archer-Daniels-Midland Co said robust soy crushing margins and hefty global demand for crops had propelled the US grains merchant to a record fourth-q...

Brazil's 2023 Coffee Crop To Rise Nearly 8% From Previous Year: Conab

Brazil's 2023 coffee crop is expected to reach 54.94 million 60-kg bags, a 7.9% increase from the previous year, government food and statistics agency Cona...

Food Supply Chains Face Threat From War, Extreme Weather, Study Finds

The war in Ukraine and extreme weather events are posing a threat to global food supply chains that are already facing the impact of shutdowns during the C...