The successful pilot has resulted in 2.4 million bushels (64,000 metric tons) of verified, fully traceable U.S. soybeans shipped from the U.S. to Europe.
In 2023, Covantis captured 719 million metric tons of volume executed through its platform, representing a substantial increase compared to the previous year.
The early start in October 2023 resulted in higher catches in November 2023 and contributed substantially to the overall surge in raw material usage.
Conflicts in the Red Sea and vessel restrictions in the Panama Canal due to drought are expected to elevate the costs of shipping products by sea.
A recent study, that compares soybean production, marketing costs, and export competitiveness in Brazil and the US, projects changes in the competitiveness of Brazil with implications for U.S. and international agricultural markets.
U.S. Customs and Border Protection was forced to suspend rail operations at key points to alleviate an increase in illegal immigration at the border.
In China, local fishmeal producers are encountering difficulties in selling their products due to a poorer demand and the abundance of standard quality fishmeal.
The outlook is still good for soybean farmers, but not so much for corn and wheat.
The production of soybeans increased from 31,000 tonnes in 2022 to 50,000 tonnes in 2023, with increased opportunities for exports to the EU.
As of November 30, in the second Peruvian anchovy fishing season, 987,428 metric tons have been caught, of which 310,305 MT (31%) are juveniles.
Results show that Fusarium mycotoxins fumonisins, deoxynivalenol and zearalenone are most frequently found in North and Central America, Sub-Saharan Africa, South Asia, China and Taiwan.
According to Donau Soja Market Report, one-third more soy was harvested in the EU in the same cultivation area.
The commitment extends to several row crops, including soy, corn, wheat, and cotton, and builds on its commitment to protect and revitalize land in critical ecosystems.
Despite so-called agreements by Northeast Atlantic coastal states to follow scientific advice in 2024, the market forewarns that the absence of quota-sharing arrangements means the hard work is yet to come.
The global cumulative production of fishmeal and fish oil remains down and the use of marine raw materials is in line with that of past years.
Thirty-five percent of the soybeans sourced and processed by European vegetable oil and protein meal companies members of FEDIOL were verified or certified responsible.
The majority of fisheries assessed continue to be reasonably well managed or better, but performance has been slowly declining since 2018.
A recent report underlines the gap between the current practices in Senegal and Mauritania and the fishmeal and fish oil industry’s global standards.
The agreement involves grain sourced by Bunge in Brazil and destined for several countries in Asia, where CPF produces and sells feed and food.
"A value chain approach to sustainability is critical to long-term business success, resilience and the industry’s license to operate,” said IFFO’s director general, Petter Martin Johannessen.
