Stories for January 2008

Wednesday, January 16th 2008 - 20:00 UTC
Three more bull market years for farm commodities

Agricultural commodity prices will advance for at least three more years, bolstered by demand that's expanding faster than supply, according to a report by Jeffrey Currie from Goldman Sachs Group Inc.'s.
Wednesday, January 16th 2008 - 20:00 UTC
Toxic algae forces Uruguay to ban mollusk consumption

Uruguay's Aquatic Resources Directorate (DINARA) on Tuesday extended for another ten days the ban on extraction, trade and transport of bivalve mollusks (mussels, cockles and clams) as the red tide continues to expand along the country's Atlantic coastline.
Wednesday, January 16th 2008 - 20:00 UTC
Energy and food push US inflation to highest in 17 years

Inflation in United States for all of 2007 hit the highest rate for 17 years as surging energy and food costs pushed up prices according to the US Labor Department latest release.
Wednesday, January 16th 2008 - 20:00 UTC
Salmon disease and risky krill fishery, investors' nightmare

The Norwegian born shipping and salmon farming magnate, now living in Cyprus, Kjell Inge RÃÃ‚Â¸kke, not only has recorded heavy losses on his large share in the world's largest salmon farming company, Marine Harvest ASA.
Wednesday, January 16th 2008 - 20:00 UTC
Aussie forfeited rogue longliner Viarsa broken up in India

Famed, controversial fishing vessel Viarsa was dismantled in a Mumbai, India ship breaking yard last December, Australian authorities confirmed this week. The Uruguayan-flagged, 65-metre longliner had played a singular role as the subject of the longest pursuit in Australian maritime history.
Wednesday, January 16th 2008 - 20:00 UTC
Invasive Pacific salmon threatens S. Atlantic marine life

While in North America there are growing concerns about the possible extinction of chinook salmon in Puget Sound and the Columbia River, significant numbers of chinook from the Pacific Ocean have moved around the tip of South America and are invading streams in Argentina, where they don't belong.
Tuesday, January 15th 2008 - 20:00 UTC
FARC robs Colombian tourists and takes six hostages

Colombia's biggest rebel group cocaine funded FARC kidnapped six Colombian tourists in the western province of Choco, daily El Tiempo reported in its online edition.
Tuesday, January 15th 2008 - 20:00 UTC
Citigroup record losses and cash injection promises

The US largest banking organization Citigroup has reported record 9.83 billion US dollars net loss for the last three months of 2007. Chief executive Vikram Pandit said Tuesday the loss had been caused by 18.1 billion US dollars exposure to bad mortgage debt and was “clearly unacceptable”.
Tuesday, January 15th 2008 - 20:00 UTC
Lula visits Cuba with an option for Venezuelan influence

President Luiz Inacio Lula da Silva arrived Tuesday in Havana for a 24-hour visit to strengthen economic ties with Cuba. He is expected to sign a series of trade, cooperation and investment agreements in spite of the US economic embargo
Tuesday, January 15th 2008 - 20:00 UTC
Infectious anemia extends among Chilean salmon farms

Marine Harvest, the world's leading farmed fish producer, continues to be hit hard by the so-called “biological situation” in Chile. On Monday, shares in Marine Harvest fell by some 4.6% after the Norwegian-owned company issued a press statement admitting it did not reach its production forecasts in Chile