Agriculture

Agriculture
Wednesday, December 17th 2014 - 12:40 UTC

FAO forecasts record world cereal production buoyed by bumper crops in Europe and US

However 38 countries are at risk of food insecurity, including 29 in Africa, 3 more  than reported in October.

Latest indications confirm that world cereal production will reach an all-time record of more than 2.5 billion tonnes in 2014. Buoyed by bumper crops in Europe and a record maize output in the United States this year's cereal output should reach 2.532 billion tonnes, including rice in milled terms, or 0.3% higher than 2013, according to FAO's latest Crop Prospects and Food Situation Report.

Friday, December 12th 2014 - 07:06 UTC

Brazil hikes soybean harvest estimate by 5.3m to 95.8 million tons

Total plantings were estimated at 31.7m hectares, some 370,000 hectares above the mid-point of the range that Conab had estimated

Brazil's commodities bureau, Conab hiked by 5.3 million tons to 95.8 million tons its forecast for the country's soybean crop, reversing the negative trend in harvest forecasts, citing the benefit from rains in some southern areas. The previous estimate for the crop to be harvested early next year was 90.5m tons.

Thursday, December 11th 2014 - 12:40 UTC

FAO food price index in November remained stable for third month running

“The index appears to have bottomed out with higher probabilities for a rise in its value in coming months” said Abdolreza Abbassian, FAO senior economist

FAO's monthly food price index was stable in November, as vegetable oil and grain prices inched up and offset ongoing declines in dairy prices. The Food Price Index averaged 192.6 points, marking the third consecutive month of stability. The Index now stands 13 points, 6.4 percent below its level in November 2013.

Tuesday, November 11th 2014 - 21:03 UTC

Projected 2014 cereal production trimmed back despite record maize and wheat harvests

Global maize output is expected to reach a new record of 1.01 billion tons on the back of bumper crops in the European Union and the United States.

According to FAO's monthly Cereal Supply and Demand Brief release, the forecast for 2014 world cereal production by about one million tons. At 2.5 billion tons, the full-year production figure would be 3.7 million tons below 2013's record output.

Monday, November 10th 2014 - 19:28 UTC

FAO's food price index remains stable in October: 'very good for importing countries'

The ongoing slight decline in the index is “very good for food importing countries,” FAO senior economist Concepción Calpe said in an interview. The shifts come as FAO raised its forecast for a record

FAO's monthly food price index was stable in October, as sugar and vegetable oil prices rose to offset declines in dairy and meat prices. The Food Price Index dipped to 192.3, technically, its seventh consecutive monthly decline, but a marginal 0.2% drop from the revised September figure.

Thursday, November 6th 2014 - 07:37 UTC

US soybean crushers claim Argentine export taxes distort the market

Argentina’s DET's system creates economic incentive for processing the beans in the country and exporting the value-added products rather than the raw beans

The American Soybean Association, the National Oilseed Processors Association and the North American Export Grain Association sent comments last week to the U.S. Trade Representative identifying significant barriers to U.S. exports, particularly on the trade distorting impact of Argentine Differential Export Taxes, or DETs, and the artificial advantage provided to soybean products exported from that country.

Friday, October 24th 2014 - 04:20 UTC

Argentine farmers agree release grains following accord with government

The 5.7bn dollars pledged in sales by the chambers represent a 70% increase on Argentine total grain exports of 4bn dollars for the same period last year

Argentine grain exports will total US$5.7 billion in the fourth quarter of the calendar year, the CIARA and CEC chambers promised on Wednesday, after seemingly successful negotiations with the government of President Cristina Fernandez that is eager to inject much-needed export dollars into the economy.

Friday, October 10th 2014 - 06:13 UTC

Bumper harvests and stockpiles driving down cereal prices, says FAO report

World wheat production in 2014 is forecast to reach a new record

Food markets are more stable and prices for most agricultural commodities are sharply lower than they have been in recent years, according to the latest edition of FAO's biannual Food Outlook report and a new update to the Organization's monthly Food Price Index.

Monday, September 29th 2014 - 09:09 UTC

Record soybean and wheat crops forecasted by the International Grains Council

Wheat on pace for a record worldwide crop as yields out of Europe, China and the Commonwealth of Independent States

The 2014-2015 season’s soybean and wheat crops are on track to set records, while rice and corn look poised to be more in line with last season’s record crops, according to the International Grains Council's September Grain Market Report.

Friday, September 19th 2014 - 07:19 UTC

Brazilian 2013/14 grains and oilseeds crop reached a record 195.46 million tons

The soybean output was confirmed at 86.12 million tons, a new record, with 31.6 million hectares planted

The Brazilian production of grains in 2013/2014 has reached 195.46 million tons, according to the country’s National Supply Company, Conab. The number is a 3.6% (6.8 million tons) increase compared to the previous season.

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