September inflation in Brazil was up 0.57% on higher food prices according to the latest release from the country’s stats office, IBGE. This was the highest rate since last April (0.64%) and the steepest for September since 2003, (0.78%).
Chicago soybean futures edged higher on Friday, building on the last two sessions of gains with support from a revival in US exports and a surprise decline in estimates for Canada's canola crop.
Following two months of stability, the FAO Price Index rose slightly in September 2012, up 1.4%, or 3 points, from its level in August. The Index, based on the prices of a basket of internationally traded food commodities, climbed to 216 points in September from 213 points in August.
Iran made major imports of Argentine soy-oil and soybeans between July and September as Iranian buyers found methods of making payments in the face of western sanctions, Hamburg-based oilseeds analysts Oil World said on Tuesday.
Following an inconclusive vote in the Appeal Committee, on 27 September, it is now up to the European Commission to decide on the authorization of genetically modified (GM) maize MIR162 for use in food and feed, as well as for import and processing in the European Union
Chilean fruit exports to China have experienced a great increase in recent years having jumped 35% in 2011 (over 2010), with a value of 438 million dollars, according to statistics provided to the Chilean Ministry of Agriculture, which place Chile as one of the main fruit providers from the southern hemisphere.
Uruguayan farmers are planning to sow 1.105.000 hectares of crops this coming 2012/13 summer season, which is similar to last year’s of which 890.000 hectares or 80% will be dedicated to soybeans.
Global wheat prices climbed on Friday as Russia’s economy minister raised the possibility of grain export curbs from one of the largest global suppliers in what appeared to be a policy u-turn.
Farmers and activists from all over the continent converged on European Union headquarters Wednesday to push for a food policy that is fairer to family farmers and kinder to the environment and developing nations.
A leading international consultant on grains and oilseeds estimates that Argentina’s soy crop could increase 38% to 56 million tons in 2013, a year when world supply will become more dependent on South America because of smaller inventories in countries such at the US and China.