Czapp’s News Picks – 13th July 2020

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The Czapp News Feed gives you access to all the relevant news for sugar, ethanol, grains, and dairy.

It’s free to use in the Interactive Data section.

Here are some stories it has just picked up online that you don’t want to miss…

Crop Planting Gathers Pace in India After Vigorous Monsoon Rains 

  • Preliminary farm ministry data for this year shows that Indian farmers have planted 12 million hectares of crop, with summer-sown rice up 25% from last year.
  • This comes after robust monsoon rains encouraged the expansion of acreage.

Brazil’s June Ethanol Exports Highest in Seven Years 

  • Brazil exported 298.84 million litres of ethanol in June.
  • This is a year-on-year increase of 75% and the highest for any June since 2013, when the country exported 280 million liters.

Wheat Futures Jump as Global Production Estimates Shrink 

  • US wheat futures jumped on Wednesday on short-covering and concerns about tightening global supply estimates.
  • Prices for soft red winter wheat approached a one-month high at the Chicago Board of Trade, while the neighbouring corn and soybean markets were mixed.

Milk Prices Jump 14% Indicating a ‘Return to Normal’ After COVID Hit 

  • Dairy auction prices surged overnight, with whole milk powder prices rising 14 per cent to US$3,208 (NZ$4,867) a tonne.

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