USA – wheat forecast boost

The latest USDA forecast is that wheat yield will be 52.7 bushels per harvested acre, 1.5 bushels higher than last year, with area harvested down 5% at 36.6m acres.

Australia – Fonterra sale

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It is being widely reported that French processor Lactalis is in pole position to buy Fonterra’s consumer division, which includes popular consumer brands.

Brazil – fertiliser imports increase

Between January and May, Brazil imported 14.9m tonnes of fertiliser, an increase of almost 14% compared with same period in 2024.

Japan - PGI recognition

The Japanese government has started a consultation on recognising 13 new PGIs on EU food products, including Irish Grass-Fed Beef.