Drought

Corn, Soybeans Retreat Further On Rain Hopes, Demand Worries

Chicago corn and soybean futures fell sharply on Friday to retreat further from multi-month highs seen this week, pressured by negative economic sentiment...

French Soft Wheat Crop Rating Steady At Decade High

The condition of French soft wheat was stable in the week to 22 May, holding at its best level in at least a decade, data from farm office France...

Olive Oil Prices At Highest Levels Since 2010

The price of olive oil has reached its highest level since 2010, as a lack of rain and high temperatures in the south of Europe have resulted in a signific...

Coffee Traders Pin Hopes On Brazil For Robusta Beans As Prices Soar

Coffee traders scrambling to supply roasters with robusta beans are pinning their hopes on Brazil, as prices for the bitter bean typically used to make ins...

Tyson Foods Cuts 2023 Sales Forecast As Demand Slows

Tyson Foods Inc has trimmed its full-year revenue forecast, indicating that price hikes and stubbornly high inflation are discouraging consumers from spend...

Rain Helps EU Crops But Spain And North Italy Stay Dry

Rainfall in the past month has benefitted cropland in much of the European Union but Spain and northern Italy remain affected by drought that could lead fa...

'Drought-Tolerant' Tomato Variety Developed

Researchers at the Hebrew University of Jerusalem have developed what they claim is a 'drought-tolerant' tomato variety, which requires less water and prod...

Drought In Spain Likely To Halve Its Olive Oil Output

Drought in Spain, the world's largest olive oil producer, is likely to halve the country's output this year compared with the previous year, official estim...