A soy bean bumper crop in South America in early 2010 will ease world reserves of grains, currently at very low levels, and will also have an impact on international prices according to Oil World.
One of the major ills of Cuba’s state-run agricultural enterprises is “the excess of non-productive personnel,” Communist Party daily Granma said this week. The newspaper estimated the number of redundant employees in the state farming sector at 89,000, or 26% of the total.
Still hurting from a yearlong drought, Argentina is turning to Chile for wine imports in order to keep up with popular demand for wine.
French President Nicolas Sarkozy announced a 650-million Euro exceptional aid plan for France's subsidized but still struggling farmers, along with one billion Euros in cheap loans. He also called on the European Commission to limit market speculation on agricultural commodities prices.
With the lowest wheat area in 111 years, Argentina expects a 2009/10 crop of 7.5 million tons, the worst in the last 32 seasons, which means exports, --and tax revenue--, will be ten times less than the 2007/08 crop according to the Argentine Rural Society Economics Department.
Argentina’s farmers will be investing 4.878 billion US dollars in the 2009/2010 crop season which represents a drop of 32.6% compared to the previous cycle according to different farmers organizations quoted this week in Buenos Aires media.
The United Nations Food and Agriculture Organization said on Thursday major investment needs to be made in developing world agriculture. The FAO says that with rapid population growth and changing diets, agricultural production will need to grow by 70% before 2050.
Rice stockpiles of the world’s five largest exporters are forecast to plunge by a third to the lowest level in five years, and below last year when prices surged to a record, according to Concepction Calpe, senior economist at the UN Food and Agriculture Organization.
Chilean dairy farmers on Wednesday expressed satisfaction with the government’s decision to impose safeguards on powder milk (whole and skinned) and Gouda cheese from Argentina and Uruguay.
Brazil expects the coming 2009/2010 grains crop to reach 141.1 million tons, which represents an increase in the range of 2.9% to 4.8% over the 2008/09 record harvest of 135.16 million tons, according to the country’s National Supply Corportion, Conab.