British newspaper The Financial Times has run a story focusing on Argentina's wheat production, explaining that due to export limits and taxes, farmers have slashed the land sown with wheat to a 111-year low and cereal exports have been halved over the past five years.
Brazil is poised to confirm its largest crop ever, 147.1 million tons in 2009/2010, which is 9% higher that the 135.1 million of 2008/09 according to the latest survey from Conab, the country’s National Supply Agency. The latest record was in 2007/08 with 146 million tons.
Wheat futures soared on Thursday after the world’s number three exporter the Russian Federation said it would temporarily halt grain shipments. The worst drought on record have devastated crops in parts of Russia and caused international grain prices to spike as markets anticipate a drop in global supplies.
Japan’s food rice stockpiles may reach the highest level in eight years at the end of June 2011, leading to a price drop and planting curbs by growers next year. Private and government inventories are forecast to climb 2.5% to 3.24 million metric tons from 3.16 million tons a year earlier, the Ministry of Agriculture, Forestry and Fisheries said in a report Wednesday.
With the mining industry increasing its presence in northern Chile, problems over resources are arising between the mining and agricultural industries, especially over water.
International wheat prices hit a 22-month high Monday after a severe drought and ensuing wildfires in Russia devastated crops. Chicago Board of Trade (CBOT) wheat for September delivery broke through the $7-a-bushel level in US trade for the first time since September 2008 but have since falling back.
Winemakers in Chile’s Casablanca Valley have been fighting pork-producing behemoth Expo Pork Meat for the past two weeks, as the company looks to construct a pork-processing plant in the region.
OVER the course of two weekends Falklands Conservation staff and volunteers led by Dr Rebecca Upson, Falklands Conservation’s Plant and Habitats Officer, have carried out restoration work on two sites recently cleared of mines.
Argentina’s international reserves once again exceeded the 50 billion US dollars mark, boosted by an intervention to the Central Bank by the market in a record purchase of 262 million USD.
United States Monsanto Co., the world’s biggest seed company, can’t use a European patent on its Roundup Ready soybeans to block Argentinean soy meal imports, the European Union’s highest court said Wednesday.