Drought: latest news, insights and analysis | ESM Magazine

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...

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 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...

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...