Agriculture

Agriculture
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.

Friday, April 4th 2014 - 07:48 UTC

FAO food price index in March climbs to its highest since May 2013

Sugar and cereals prices experienced the most increase while dairy produce was down

The FAO Food Price Index rose sharply in March, up 4.8 points, or 2.3%, to an average of 212.8, the highest level since May 2013. The Index, based on the prices of a basket of internationally-traded food commodities, saw prices increase in all groups except dairy, which fell for the first time in four months (-2.5%). Sugar, 7.9% and Cereals, 5.2% climbed the most.

Friday, April 4th 2014 - 07:41 UTC

White House targets methane emissions

According to the White House, 36% of methane emissions come from agriculture.

By Nicholas Cunningham of Oilprice.com - On March 28, the White House released a multi-pronged strategy to reduce methane emissions from a variety of sources, a step the administration says is an outgrowth of the President's Climate Action Plan announced last year. Methane is a powerful greenhouse gas, about 20 times more potent than carbon dioxide.

Friday, April 4th 2014 - 07:35 UTC

Brazilian congress strikes down new taxes on the domestic soy market

The country is the world's leading exporter of soybeans

Brazil's Congress struck down this week a proposal to impose new taxes on the internal soy market after fierce opposition from the country's agricultural sector. An amendment to apply a tax known as PIS/Cofins on soybean sales to some domestic buyers had been removed from a bill to simplify taxation of Brazilian companies abroad that was passed by the lower chamber late on Tuesday.

Saturday, March 29th 2014 - 06:11 UTC

Brazil's 2,3% growth in 2013 came as a surprise, even for Minister Mantega

Agriculture and domestic consumption were the driving forces

Brazil's economy expanded 2.3% in 2013, compared with growth of 1% the previous year, the Brazilian Institute of Geography and Statistics, IBGE, said this week. The country's GDP for 2013 was estimated at 4.84 trillion Reais (some 2.05 trillion dollars), the IBGE said.

Friday, March 28th 2014 - 08:16 UTC

Argentine wine from small grape farmers for Pope Francis masses

Agriculture minister Carlos Casamiquela made the announcement

The wine used for the masses of Pope Francis will be made using grapes from small Argentine producers with 500 liters of the drink already in production, according to a report from the Project for the Integration of Small Producers in the Viticulture Chain (PROVIAR).

Friday, March 28th 2014 - 08:01 UTC

Cuba ready to implement an ambitious foreign investment with generous tax breaks

The new law “would apply to investors a tax of 15% on taxable net profits” after which all profit could be repatriated, Juventud Rebelde reported.

Cuba's government has released further information on a proposed foreign investment law that will cut the profits tax in half and exempt investors from paying it for eight years in an attempt to attract capital into the communist economy.

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