Thursday, February 17th 2011 - 23:01 UTC

Good harvest year for Argentina farmers and the tax man, in spite of drought

Less corn and soy beans but abundance of wheat, barley and sunflower

A good crop year for Argentine farmers and the government: export revenue will be up 4 billion US dollars and the tax man will bag an additional 888 million US dollars according to estimates from local grain dealers.

Wednesday, February 16th 2011 - 22:53 UTC

Mantega reiterates opposition to French plan for commodity prices regulation

Rich countries should work to eliminate farm subsidies, said the Brazilian minister

Brazil reiterated opposition to a French plan to impose regulation on commodity prices, saying it could have “negative effects” on major suppliers such as itself. “Brazil is totally opposed to a mechanism of control or regulation of commodity prices,” Finance Minister Guido Mantega told reporters, reiterating a position he gave last week.

Wednesday, February 16th 2011 - 13:50 UTC

Up to 10% of rice sold in Chinese markets tainted with heavy metals

However experts say pollution is confined to a few specific regions

Recent research has concluded that 10% of the rice sold in China’s markets is likely to be tainted with heavy metals, but agricultural experts said the pollution is confined to particular regions and there is no call for panic.

Tuesday, February 15th 2011 - 11:35 UTC

Extreme weather and panic buying send wheat soaring to new highs

Middle East and North Africa are keen to secure supplies

Countries anxious to avoid a repeat of the 2007-2008 global food crisis when they were caught short of grain supplies, have stepped up their buying programs and are driving prices to new highs.

Tuesday, February 15th 2011 - 05:34 UTC

US farmers have planted the biggest crop in 13 years reports USDA

The area with wheat totals 23.1 million hectares

United States farmers have planted the biggest crop in thirteen years according to a report released by the US Department of Agriculture which estimated the area sown to the eight major field crops in 2011 at 103.3 million hectares.

Monday, February 14th 2011 - 21:50 UTC

Political agreement in Paraguay to impose export levies on soybeans and beef

Paraguayan Finance minister Dionisio Borda determined to balance the budget

The Paraguayan government is working with Congress to agree on budget cuts and possible tax increases, (levies on beef and soybean exports) that should help balance 2011 expenditure and revenue.

Friday, February 11th 2011 - 20:16 UTC

Fruit and vegetables in Chile forecasted to soar 20% because of the drought

Grapes, lettuce, cabbage, citrus among the most affected

Chilean farmers and produce distributors estimate that prices will increase for some fruits and vegetables by as much as 10 to 20% within the next 60 days, due to water shortages in northern and central Chile.

Thursday, February 10th 2011 - 22:59 UTC

Another green revolution in the making with the “Green Super Rice”

The green paddies to counter food crisis (Photo IRRI)

The world appears to be on the threshold of another green revolution in rice production as a result of an intensive, 12-year partnership between the Chinese Academy of Agricultural Sciences in Beijing and the International Rice Research Institute in the Philippines.

Thursday, February 10th 2011 - 07:02 UTC

Brazil poised for another record crop of soybeans: 69/70 million tons

Good rainfall and higher yields have helped the soy crop

Brazil could harvest a record crop of 70 million tons of soybeans in 2011 because of improved climate conditions and expansion of the area planted according to Hamburg based Oil World consultants.

Friday, February 4th 2011 - 21:07 UTC

France and FAO call for greater regulation to curb commodities speculation

French Farm Minister Bruno Le Maire, risks of a global food crisis

France and the U.N. food agency FAO warned on Friday about the risk of a new global food crisis and ensuing riots, calling for greater regulation to curb speculation on commodities markets.


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