Friday, April 8th 2016 - 07:04 UTC

FAO Food Price Index in March: sugar up, dairy products down and meats stable

While prices for all dairy commodities fell, butter and cheese were the most affected, reflecting a build-up of stocks in the major exporting countries.

The FAO Food Price Index for March rose by 1.0% compared to February, as soaring sugar prices and continued increase in palm oil quotations more than offset plunging dairy product prices. The Index averaged 151.0 points in March, its highest level in 2016, but still some 12.0% below its level of a year earlier.

Friday, April 8th 2016 - 06:58 UTC

Large inventories and sluggish demand for 2016/17 global cereal production predicts FAO

Maize output is seen growing by 1.1% to 1.014 million tons, driven by recovering yields in the European Union and expanding plantings in the United States

World cereal production in 2016 is set to amount to 2 521 million tons, just 0.2% off last year's large output and the third-highest global performance on record, according to FAO's first forecast for the new season, released on Thursday. Large inventory levels and relatively sluggish global demand mean that market conditions for staple food grains appear stable for at least another season, the agency's latest Cereal Supply and Demand Brief predicts.

Friday, March 18th 2016 - 05:55 UTC

Strong 2016 wheat harvests seen in China and South Asia

FAO issued its first forecast for world's 2016 wheat harvest, projecting 723 million tons of total production, about 10 million tons below last year's record output.

FAO's latest Cereal Supply and Demand Brief forecasts a 1.4 percent drop in worldwide wheat output in 2016, due mainly to dry weather leading to reduced winter plantings in the Russian Federation and Ukraine. However, China and Pakistan are expected to sustain near-record wheat harvests, and India's output is anticipated to recover.

Sunday, March 13th 2016 - 23:17 UTC

Mercosur/EU will exchange trade proposals in April, is announced in Argentina

“We are working hard in the EU and Mercosur for a positive exchange of offers to happen in April. It’s an ambitious but realistic goal”, Mogherini said

Mercosur and the European Union will exchange trade proposals in April, a key step for the long delayed trade and cooperation agreement between the two blocks and which has gained strength since the change of administration in Argentina with president Mauricio Macri.

Thursday, March 10th 2016 - 05:40 UTC

American Airlines axes Caracas New-York until market conditions improve

In January the Forth Worth-based company wrote off $592 million, stuck in Venezuela due to the government's failure to exchange it for hard currency.

American Airlines said this week it will ax its Caracas to New York route on April 4 due to low demand just over three months after reinstating it. The surprise move comes amid a years-long battle between American Airlines Group and the Venezuelan government in which the world's largest airline says it has not been able to repatriate revenue.

Wednesday, March 9th 2016 - 06:47 UTC

Falklands celebrates “Tussac Tuesday”, one of the most valuable native plants

Falkland Islanders celebrate the conservation plant program (Pic Falklands Conservation)

In rare coincidence with the International Women´s Day, the Falkland Islands celebrated ”Tussac Tuesday'', the Poa flabellata grass, one of the most valuable native plants to farmers and wildlife in the Islands. It is palatable all year round and can provide good supplementary forage for cattle, horses and sheep.

Friday, February 26th 2016 - 07:46 UTC

French farmers furious with low prices and storm shops selling foreign goods

French farmers continue with demonstrations across the country, using their tractors to block traffic to burning egg boxes and hurling wellies at buildings.

French government has been trying to defuse the week-long protests by farmers over the collapsing prices of agriculture including cereals, milk and vegetables.The depression of prices is partly due to EU agriculture ministers, who have come under pressure from the French government to ease Russian trade sanctions and to remove excess meat and dairy products off the European market.

Monday, February 22nd 2016 - 08:28 UTC

Brazil heading for a record crop of 100 million tons of soybeans

March is the main month for harvesting. Soybeans are booming in Brazil, with this year’s crop expected to be 15% larger than two years ago.

As the soybean harvest gets under way in Brazil, analysts are having a clearer picture of whether the forecast record-setting crop will hit the century mark of 100 million tons despite hot and dry weather in Mato Grosso and northeastern Brazil as pods set and fill.

Friday, February 12th 2016 - 06:33 UTC

France claims the EC has done ”too little too late to help (struggling) farmers”

Prime Minister Manuel Valls said the Commission had so far “done too little, too late,” in response to a downturn in agricultural markets.

France called on the European Commission to do more to help its struggling livestock industry, seeking to defuse protests that have seen farmers block highways and supermarkets.

Thursday, February 11th 2016 - 05:40 UTC

Brazil reopens crucial waterway for transporting soy; water was used to generate power

On Monday a barge train passed downstream on the Tiete River through the locks at the Nova Avanhandava hydro-dam for the first time since 2014, the paper said.

Brazil's Tiete-Parana waterway, a key transport corridor for soybeans, corn, cellulose, fertilizer and other agricultural products, has reopened after a 20-month closure due to drought and the use of water for electricity, the Estado de S. Paulo newspaper reported this week.


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