Saturday, January 10th 2015 - 06:28 UTC

FAO Food Price index falls in 20014 on large cereals' supplies and record stocks

Cereals prices during 2014 dropped 12.5% from the previous year, buoyed  by forecasts of record production and ample inventories.

FAO's monthly Food Price Index declined in December after three months of stability. Continued large supplies and record stocks combined with a stronger U.S. dollar and falling oil prices contributed to the decline, which helped bring the 2014 overall Food Price Index down 3.7%.

Thursday, January 8th 2015 - 01:13 UTC

Falklands contribution to the development of sheep farming in Magallanes

In the late 1880 sheep from the Falklands were shipped to the extreme south of Chile to help start the industry

The close historic and farming links between the Falkland Islands and the Magallanes Region, were underlined in a recent article by Punta Arenas researcher Silvestre Fugellie dedicated to sheep farming, the 'golden fleece' that changed the economy of those barren lands in the extreme south of Chile over a century ago.

Tuesday, January 6th 2015 - 07:02 UTC

Argentine farmers netted 24.1 billion dollars from grains and oilseeds last year

The sale of grains and oilseed helped stop the drain of Central Bank international reserves

Argentine farmers exported more than 300 million dollars worth of grains and oilseeds in the last two days of 2014 to help bring in much needed cash for the nation’s central bank. The situation was boosted by an agreement reached between farmers and the Argentine government regarding foreign currency payment for the grains and oilseed.

Wednesday, December 24th 2014 - 12:23 UTC

Katia Abreu to become Brazil's new Minister of Agriculture

Katia Abreu is Dilma's choice for Agriculture

Other members of cabinet announced for Dilma's next term due to start on January 1.

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.


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