Wealthy nations spend 20 times more on farm subsidies than the US$12 billion they allocate to food aid and support for poor farmers annually, John McArthur, a senior fellow with the Brookings Institution, the think-tank which led the new research, said.
Agricultural giant FMC is the latest company to warn about operations in Brazil and now the stock is crashing. On Monday the $5 billion agricultural company announced that it would lay off 800-850 people — saving the company about $150 million a year by 2017 — while also cutting its profit outlook for the third quarter and all of 2015.
Agricultural expansion is the chief contributing factor to the deforestation of Brazilian ecosystems and has accelerated in recent years, according to an official study released last week.
A combination of weather, currency and political factors should result in another huge South American crop of corn and soybeans, further depressing grain and oilseed prices, says an analyst, according to a report from Canada's The Western Producer.
France is to use a new European opt-out scheme to ensure a ban on the cultivation of genetically modified crops in the country remains in place. The European Union's largest grain grower and exporter has asked the European Commission for France to be excluded from some GM maize crop cultivation under the new scheme, the farm and environment ministries said in a joint statement.
More than 75,000 people visited the British Pavilion at the Expo Prado 2015 -the largest agro-industrial exhibition in Uruguay. The Pavilion was awarded first prize in the category “Best Embassy and Chamber of Commerce Pavilion” by the Uruguayan Rural Association, organisers of the Expo.
The UK GREAT pavilion at Uruguay's main agri-business exhibition in Montevideo received the top prize for its category while a stall from the Falkland Islands, tended to by Islanders, is estimated to have been visited by 10% of the more than half million visitors that attended the week-long Expo-Prado.
A business delegation from the Falkland Islands participated in Uruguay's main agri-business show at the Prado grounds with a stall in the British GREAT pavilion. The week attendance was described as 'surprising and successful' and Falklands lawmaker Gavin Short addressed an open letter thanking all those involved in helping with the Islands' presence.
International food commodity prices continued to decline in August as ample supplies, a slump in energy prices and concerns over China's economic slowdown all contributed to the sharpest fall of the FAO Food Price Index in almost seven years.
European Union agriculture ministers have announced a €500m aid package after thousands of farmers protested on the streets of Brussels. The mainly Belgian, French and German farmers were protesting against plummeting prices for their produce.