Agriculture

Agriculture
Friday, May 2nd 2014 - 09:46 UTC

Major dairy farming invester in Uruguay sells land to recoup losses

Singapore Olam took control of the 49 dairy farms NZ farming company had in Uruguay

NZ Farming Systems Uruguay, the dairy unit of Singapore-based Olam International in Uruguay, has sold some 7,771 hectares of farm land in Uruguay to local interests for about 53.7 million dollars in gross cash proceeds. The transactions would free up cash “for redeployment into more value-accretive projects,” Olam said in a statement.

Monday, April 28th 2014 - 23:53 UTC

Coffee prices soar as Brazil's crop plummets because of adverse weather

Don't be surprised at the higher prices for an 'expresso'

Because of adverse climate conditions Brazil’s Arabica coffee prices have recently surged 94%, to 2.144 dollars for half a kilogram ($2.30) on the New York futures market.

Friday, April 25th 2014 - 05:31 UTC

Brazil investigating potential case of atypical mad cow disease in Matto Grosso

 The country experienced a case of atypical BSE in late 2012

Brazil is investigating a potential case of atypical mad cow disease, the agriculture ministry said on Thursday, just over a year after several countries banned Brazilian beef imports when a similar case of the disease was confirmed.

Wednesday, April 23rd 2014 - 05:37 UTC

Brazil anticipates lower soy exports because of a weaker Chinese demand

Anyhow the export volume is expected to reach 43 million tons

Brazilian soy crushing association Abiove said on Tuesday the nation would export 43 million tons of soybeans from this season's nearly harvested crop, down from its forecast of 44 million tons a month earlier due to weaker Chinese demand.

Monday, April 21st 2014 - 07:25 UTC

China's main soy-bean importers in concerted action to bring prices down

It's soybean harvest time in South America and silos are binging

Chinese buyers may default on a further 1.2 million tons of soybeans worth about 900 million dollars being shipped from the United States and South America, to avoid incurring huge losses in a depressed local market, the country’s top soy buyer said.

Tuesday, April 15th 2014 - 23:11 UTC

Argentina prepares to celebrate worldwide Malbec Day on 17 April

Malbec Day will be celebrated in New York and London with the Cambalache show

Next 17 April is “World Malbec Day” and for the fourth running year Argentina Wines will be promoting the image of the varietal in over sixty events in 55 different cities in 44 countries. This year the event will be supported by the pleasure of good music with the purpose of attracting young consumers, 25 to 35 year old.

Monday, April 14th 2014 - 15:52 UTC

FAO warns agriculture greenhouse emissions have doubled in 50 years

Emissions from crop and livestock grew 14% to 5,3 billion tons of carbon dioxide between 2001 and 2011

From farming to forestry and fisheries, agriculture greenhouse emissions have nearly doubled over the past 50 years and may increase by another 30% by 2050, according to new estimates from the UN Food and Agricultural Organization (FAO).

Friday, April 11th 2014 - 08:30 UTC

Brazil says there is enough coffee to supply exports and domestic market

Nathan Herszkowicz, executive director of Abic: “We don't want to over-dramatize the situation”

Brazil has enough coffee stocks to supply exports and domestic demand this year even though a severe drought will result in a lower-than-expected harvest, the nation's coffee industry association Abic said on Thursday.

Wednesday, April 9th 2014 - 06:52 UTC

Latest storms and rainy weather could cost Argentina 3 million tons of soybeans

Soy beans suffer more than corn in wet fields

Argentina's crop of soybeans and cereals, and the country's main source of hard currency is threatened by the last few days storms of pouring rainfall, flash floods and mud slides that have punished at least seven provinces. Argentina is one of the world's main suppliers of grains.

Monday, April 7th 2014 - 05:34 UTC

China's COFCO joins world's top grain-traders select club

China is seeing massive expansion in demand for grains such as soybeans and corn

COFCO Corp has agreed to pay 1.5 billion dollars for a majority stake in Noble Group Ltd's agribusiness, its second acquisition in less than two months, as China's largest grain trader seeks to strengthen its market position worldwide.

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