GFM Network News



Straw prices soar, piling pressure on N.Europe livestock farmers

In some areas straw now more expensive than grains

Reading Time: 3 minutes Hamburg | London | Reuters – Livestock and dairy farmers across northern Europe are paying soaring prices for straw used in food and bedding for cattle, as hot, dry weather across the region reduces crops. The higher bills put further pressure on farmers already facing one of their toughest summers ever; many have had to […] Read more


Saudi Arabian agency stops buying Canadian wheat, barley

Reading Time: 2 minutes Hamburg | Reuters – Saudi Arabia’s main state wheat buying agency has told grains exporters it will no longer buy Canadian wheat and barley in its international tenders, European traders said on Tuesday, as a diplomatic dispute between the two countries escalates. Traders said they had received an official notice from the Saudi Grains Organization […] Read more



Heatwave ravages European fields, sending wheat prices soaring

Reading Time: 3 minutes Paris | Moscow | Hamburg | Reuters – Searing heat has devastated wheat fields across northern Europe while a combination of dry conditions and extreme rain in the Black Sea have hit output estimates, with prices soaring on fears of further crop damage. Evidence of serious harm to crops is growing as harvesting heads north in […] Read more

German farmers seek 1 billion euros in drought aid

Reading Time: < 1 minute Hamburg | Reuters – Farmers in Germany need special aid of around 1 billion euros ($1.17 billion) because of damage to harvests caused by drought and heatwave, the head of German farming association DBV said on Monday. The aid should be paid to farmers who have lost 30 percent and more of their harvests, DBV […] Read more


EU farming chief wants rapid Brexit talks, plans new dairy aid

Reading Time: 2 minutes Hannover, Germany | Reuters — Europe’s agriculture industry, already grappling with a dairy crisis, wants rapid talks about Britain’s exit from the European Union to minimise disruption, EU farming commissioner Phil Hogan said on Thursday. “Farmers know better than anyone that you need stability and certainty to plan for the future,” Hogan said in a […] Read more

Russia now expected to leave grain tax scheme intact

Reading Time: 2 minutes Moscow | Reuters — Russia, one of the world’s largest wheat exporters, is not expected to change its current regime of taxes on grain exports, sources said on Friday, following proposals to change them. Concerns over the possibility of tougher limits on Russia’s foreign sales of wheat sent global prices to a one-month high earlier […] Read more


U.S. grains: Soybeans slide as concern about Chinese growth persists

Reading Time: 2 minutes Reuters — U.S. soybean prices dropped on Wednesday on concern that interest rate cuts in China may not be enough to stimulate growth in the key importer. Corn slipped on technical selling, and Chicago wheat lost ground on concerns about export competition as the dollar rose, traders said. Chicago Board of Trade (CBOT) November soybeans […] Read more

Marubeni to close Australian grain business

Reading Time: < 1 minute Sydney/Hamburg | Reuters — Japan’s Marubeni Corp. is to close its Australian grain trading business after a review of its global operations. The move “is not in any way reflective of the performance of Marubeni Australia’s grain trading business division, which has been trading profitably for the past three years,” Makoto Kajitani, chairman and managing […] Read more