Wheat development in France, the European Union’s biggest producer of the grain, is about two weeks behind schedule after cold weather slowed the start of spring plant growth, according to crop office FranceAgriMer.
Brazil, the world’s biggest coffee producer and exporter, raised the minimum domestic price for the arabica variety by 17 percent to help increase income for farmers after international prices slumped.
Egypt replaced two key economic ministers and boosted Islamists’ strength in the Cabinet, in an overhaul that fell short of opposition demands as the country struggles to obtain an International Monetary Fund loan.
Coffee producers in Brazil, the world’s largest grower, are holding back beans on speculation the government will raise the minimum price for the commodity, according to Rio de Janeiro-based Flavour Coffee.
The Thai baht’s rally to the highest level in 16 years is hindering exports from the world’s biggest rice shipper, curbing the government’s efforts to diminish record state stockpiles and threatening to increase its losses.