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French farmers receive €50/t to buy nitrogen until Sep
French farmers receive €50/t to buy nitrogen until Sep
London, 9 July (Argus) — The French government today announced financial support for farmers to buy nitrogen fertilizers, with payments of at least €50/t for purchases until the end of September. The scheme aims to offset price increases since the start of the war in the Middle East, and to "preserve our productive capacities and secure the 2027 harvests", the government said. The announcement already triggered increased farmer buying of fertilizers today. Farmers will receive at least €50/t for purchases of straight nitrogen fertilizers. Where fertilizers account for more than 10pc of a farmer's operating costs, the payments rise to €70/t. Payments are capped at 50pc of farmers' nitrogen consumption from 2025. The scheme applies to purchases between 1 June and 30 September. At the end of the period, a report will review the fertilizer price development. The European Commission has allocated €107mn for the payments, which France may top up to a total of €145mn. Nitrogen fertilizer prices in Europe rose significantly after the start of the war. French granular urea prices rose by 50pc between the end of February and mid-April, to an average of €753/t fca. Prices then fell below pre-war prices again, to €470/t fca by 2 July, but are now once again on the rise. By Claudia Wlk Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Malaysia's FGV expands B100 biodiesel trial
Malaysia's FGV expands B100 biodiesel trial
Singapore, 8 July (Argus) — Integrated Malaysian agribusiness firm FGV expanded its 100pc biodiesel (B100) trial from vehicle applications to plantation operations to test unblended palm-based biodiesel in real-world situations, it said on 7 July. The pilot project will be carried out over the next six months at the Tun Abdul Razak Agricultural Research Centre's (PPPTAR) estate in Jerantut, involving 17 units of machinery such as tractors, agricultural machinery, power generators and four-wheel-drive vehicles. FGV previously launched a four-month trial in July 2024 using B100 fuel in its vehicle fleet. Within the phased project implementation, individual assets will be monitored for fuel consumption, engine performance, operational reliability, maintenance requirements and fuel quality. The B100 biodiesel fuel used in the trial will use locally sourced palm oil, FGV said. In the plantation trial, machinery will be subject to extended operating hours, varying plantation terrain, high operational temperatures and differing workload demands across asset types, which would enable FGV to gather comprehensive real-world operational data. Malaysia raised its on-road biodiesel blend target to B15 from May in a bid to ensure energy security following the US-Iran war. By Malcolm Goh Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
US trade gap in May widest in 14 months
US trade gap in May widest in 14 months
Houston, 7 July (Argus) — The US trade deficit in May widened to the most in more than a year, as exports of industrial supplies and consumer goods fell and imports rose. The deficit in goods and services widened to a seasonally adjusted $77.6bn in May from $54.6bn in April, the Bureau of Economic Analysis reported Tuesday. It was the widest deficit since it reached $133bn in March 2025. The wider deficit suggests net trade will subtract about 2 percentage points from GDP growth in the second quarter, according to Oxford Economics, as imports subtract from GDP growth. But strong business investment and inventory accumulation should keep annual GDP growth above 2pc in the quarter, Oxford said. The deficit in goods widened in May to $106.5bn, up from $83bn in April and the widest since $159bn in March 2025. The services surplus widened to $28.9bn. US president Donald Trump in February imposed 10pc tariffs on goods from most trading partners using Section 122 duties that expire on 24 July after the Supreme Court struck down most of the tariffs he began declaring in April 2025. The Tax Foundation estimates tariffs will increase taxes on Americans by about $700/household in 2026. US exports of goods fell to $210bn in May from $222bn the prior month, while goods imports rose to $317bn in May from $305bn in April. Services exports rose to $107bn while services imports edged up to $78bn. Exports of industrial supplies — including energy, metals and fertilizer — fell to $83bn in May, with exports of nonmonetary gold more than halved to $5.7bn. Capital goods exports fell by $3.5bn to $66.9bn, while auto and parts exports were little changed at about $13bn. Consumer goods exports fell by $2bn to $20.7bn. Imports of food rose, as did imports of industrial supplies and capital goods except autos. Auto imports were at about $37bn. Consumer good imports rose to nearly $60bn. Energy trade US exports of energy-related petroleum products and crude were at $34.7bn in May compared with imports of $19.6bn, without seasonal adjustments. Unadjusted exports of crude rose to 5.71mn b/d in May, up from 5.57mn b/d in April and 4.31mn b/d in February. Crude imports fell to 5.58mn b/d in May from 5.92mn b/d in April, but fell from 6.36mn b/d in February. By Bob Willis Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Slipping corn, soy pull Argentina exports lower
Slipping corn, soy pull Argentina exports lower
St Louis, 6 July (Argus) — Argentina's exporters cut corn, soybean and soybean meal export registrations in the week ending 4 July by more than half from a year earlier as export bookings for the month remained slow to build. Exporters registered 787,000t of corn for export during the week, down by 56pc from the same week last year. That is the lowest volume registered in the past three weeks, according to the Secretariat of Agriculture, Livestock and Fisheries. Registrations were mostly split across July and September loading, with the 384,000t registered for July bringing total loadings for the month to 4.93mn t, or 7.8pc behind July 2025. Soybean export registrations fell by 93pc last year's volume for the week to reach only 64,200t. Registrations for July loading accounted for most volumes, reaching 51,000t during the week. But the July export outlook is also likely to be lower from last year with 573,000t registered for loading by the end of the month, down by 61pc from July 2025. Soybean meal export registrations fell to a 13-week low of 251,000t during the week, with 229,000t registered for July loading. While there was a notable dip in soybean meal export registration in the week, the focus on July loading did push volumes booked for the month above last July's by 3.2pc to 3.23mn t. Other oilseed product exports were lower as well, with soybean oil registrations falling by 36pc from the previous year to 138,000t during the week ending 4 July. Exports of sunflower meal fell by 34pc from last year to 41,000t. Export registrations for sunflower seed and oil were the exception, with both more than doubling from last year's volumes for the week to reach 45,300t and 65,200t, respectively. Wheat registrations also increased by 11pc from last year to reach 130,000t during the week. But barley and sorghum export registrations followed corn lower to reach 43,200t and 270t, respectively. By Ryan Koory Argentina soybean export registrations through 4 July mn t Argentina soymeal export registrations through 4 July mn t Argentina corn export registrations through 4 July mn t Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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