The world's first offshore dairy farm opens in the Port of Rotterdam this year, with the aim of helping the city produce more of its own food sustainably. A Dutch property company, Beladon, is launching the world's first floating farm in a city port.
Brazil will likely step down to become the world's second-largest sugar producer on low global sugar prices and higher profitability and strong demand for ethanol, according to a report by Brazilian consulting company JOB Economia e Planejamento.
A potential ban on the popular herbicide glyphosate in Brazil over concerns it may cause cancer in humans would be a “disaster” for the country’s agricultural industry, Agriculture Minister Blairo Maggi said on Thursday.
Brazilian farmers are expected to plant a record amount of soybean acres this coming season, encouraged by strong demand from China, and yield a record harvest next year, consultancy Céleres said in its first forecast for the new cycle. The next crop cycle in Brazil, the world's No. 1 soybean exporter, begins in September.
Argentina has suspended for six months its program of gradually cutting taxes on exports of soymeal and soyoil, the Treasury Ministry said in a statement on Tuesday, part of the government’s fiscal tightening program. International shipments of both soy products are currently taxed at 23%, lowered gradually from 32% in 2015, the statement said.
Shares in German pharmaceutical group Bayer have dropped sharply following a US verdict linking a product to cancer. By mid-morning on Monday, Bayer's shares had lost 10.4% of their value.
Pharmaceutical group Bayer has dismissed claims that an ingredient used in weed killers is carcinogenic. The German company, which owns agriculture giant Monsanto, says herbicides containing glyphosate are safe.
A San Francisco jury on Friday ordered agribusiness giant Monsanto to pay US$ 289 million to a former school groundskeeper dying of cancer, saying the company's popular Roundup weed killer contributed to his disease.
Cuba said this week it was doubling the amount of land it granted would-be farmers and the lengths of their leases in an effort to increase stagnating agricultural output. The state owns 80% of the land and leases most of that to farmers and cooperatives. The remainder is owned by some 400,000 private family farmers and their cooperatives.
Large grain transport ships using Argentine’s port hub of Rosario have had to reduce their cargo by between 3,200 and 4,300 tons because of an unusually low water level in the Parana River, the Rosario grains exchange said this week.