Insights and Stories of Naveen Thukral

Jan. 6, 2015 at 5:30 pm CST

Beijing/Singapore | Reuters — Chinese wheat buyers are likely to step up imports of higher quality grains to meet a domestic shortfall even though total overseas purchases are forecast to tumble this year due to bumper production at home, analysts and traders said. China, the world’s biggest wheat producer and […]

By Naveen Thukral, Niu Shuping

Nov. 21, 2014 at 5:41 pm CST

Singapore | Reuters — Asian flour millers are looking at buying Canadian spring wheat for shipment early next year as supplies from drought-hit Australia are likely to remain slow, traders said. Canadian western red spring wheat is being offered at around $345 a tonne, including cost and freight, nearly unchanged […]

By Naveen Thukral

Nov. 12, 2014 at 6:49 pm CST

Reuters — Australian farmers are holding back wheat crop sales as dryness in parts of the country’s eastern grain belt cuts yields, raising the likelihood for a boost to global prices that have dropped 13 per cent this year. Farmers in the world’s fourth biggest wheat exporter have sold only […]

By Naveen Thukral

Apr. 2, 2014 at 12:03 pm CDT

Singapore/Hong Kong | Reuters — Cofco Corp. has agreed to pay US$1.5 billion for a majority stake in Noble Group’s agribusiness, its second acquisition in less than two months, as China’s largest grain trader seeks to strengthen its market position worldwide. The two companies plan to form a joint venture, […]

By Michael Flaherty, Naveen Thukral

Nov. 20, 2013 at 5:08 pm CST

Unseasonal rains in Western Australia and frost on the country’s east coast have hit wheat crops in the world’s No. 2 exporter of the grain, dragging down quality and reducing harvests. A decline in supply of high-protein wheat from Australia could force major buyers such as Indonesia and China to […]

By Colin Packham, Naveen Thukral