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Global Unrest Shifts Market Focus -19 August 2014

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TheCropSite
Tuesday 19th August 2014.
Sarah Mikesell - TheCropSite Senior Editor

Sarah Mikesell
Senior Editor


5M

Wyffels

Global Unrest Shifts Market Focus

Greetings from England! I'm visiting 5m's sister company, FAI Farms in Oxford. 

To start, an update on the Russian food import ban…

Russia is looking to Brazil, Chile, Ecuador and China to supply its needs after launching the import ban for meat, grain, fish and some food products against the EU, US, Canada, Norway and Australia.

Over the last week, Russian authorities have approved several food processing operations in Chile and Brazil for export to the Russian Federation.

It has cancelled the bans that had been imposed on the Chilean fish processing plants. The Russia authorities have approved several plants for export largely of fish products and crustaceans.

Talks were being held with government officials from Ecuador over opening up more trade. Ecuadorean authorities have indicated that 36 companies are ready to increase supplies of fish and seafood, and another 23 companies are looking to create the mechanism to start exporting in particular milk powder, cheese, mozzarella cheese and condensed milk. Ecuador also plans to increase the supply of fruit and vegetable production.

Russia has also entered negotiations with China over potential exports of pig meat. Reports in Russia say the head of Rosselkhoznador, Sergei Dankvert, is in the process of preparing a list of Chinese companies that would be allowed to supply pork to Russia.

In Europe, the Russian embargo is starting to hit home and the European Commission took the first step of support measures for certain perishable fruits and vegetables.

To read more on Russia's food ban, click here

In other news…

Violence in Gaza has left agriculture, harvesting and fishing activities in disarray, causing price spikes for key food items.

The fighting in Gaza has forced farmers and herders to abandon their lands and has paralysed fishing activities, bringing local food production to a halt and severely affecting livelihoods, reports the FAO.

Fighting has resulted in substantial direct damage to Gaza's 17,000 hectares of croplands as well as much of its agricultural infrastructure, including greenhouses, irrigation systems, animal farms, fodder stocks and fishing boats.

Gaza has reportedly lost half of its population of poultry birds (broilers and layers) either due to direct hits on their shelters or lack of water, feed or care resulting from access restrictions. Around 64,000 head of small ruminants are in need of animal feed and water in order to avoid further animal deaths.

Meanwhile losses by Gaza's fishing sector so far are estimated at 234.6 tonnes over the period 9 July - 10 August - equivalent to 9.3 per cent of local fishers' yearly catch.

Food prices in Gaza have fluctuated considerably. Upward spikes have ranged from a 40 per cent increase in the price of eggs to a 42 per cent increase for potatoes to a 179 per cent spike in the price of tomatoes. 

To read more on how the Gaza violence is impacting agriculture, click here

Have a great week!

~Sarah



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This Week's Articles and Analysis

Genomic Prediction: Statistically Predicts Value of Plant Trait
Genomic prediction, a new field of quantitative genetics, is a statistical approach to predicting the value of an economically important trait in a plant, such as yield or disease resistance. The method works if the trait is heritable, as many traits tend to be, and can be performed early in the life cycle of the plant, helping reduce costs.

Cover Crops Make Stover More Sustainable, Profitable
Farmers using cover crops as a soil conservation method can remove much more corn stover per acre for biofuels or other uses and at the same time potentially increase their income, Purdue University research shows.

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If the hottest new plant grown as a biofuel crop is approved based solely on its greenhouse gas emission profile, its potential as the next invasive species may not be discovered until it's too late.

How Do Honey Bees Stay Cool?
Honey bees, especially the young, are highly sensitive to temperature and to protect developing bees, adults work together to maintain temperatures within a narrow range.

Spinach Leads to Alternative Energy More Powerful than Popeye
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Market Reports

USDA Crop Progress - 18 August 2014
USDA Sugar and Sweeteners Outlook - 18 August 2014
USDA GAIN: Venezuela Grain and Feed Update
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USDA Peanut Prices - 15 August 2014
USDA Feed Outlook - 14 August 2014
USDA Rice Outlook - 14 August 2014
USDA Cotton & Wool Outlook - 14 August 2014
USDA Oil Crops Outlook - 14 August 2014
USDA Wheat Outlook - 14 August 2014
Australian Weekly ABARES Report - 14 August 2014
UK Farming Statistics - Provisional Arable Crop Areas at 1 June 2014, England
UK June Agricultural Price Index - 14 August 2014
China Wholesale Prices - 14 August 2014
Irish CSO Reports: Agricultural Price Indices - June 2014
USDA Cotton: World Markets and Trade - 12 August 2014
USDA Grains: World Markets and Trade - 12 August 2014
USDA Oilseed: World Markets and Trade - 12 August 2014
USDA World Agricultural Production - 12 August 2014
USDA Cotton Ginnings - 12 August 2014
USDA Crop Production - 12 August 2014
USDA WASDE - 12 August 2014
USDA Crop Progress - 11 August 2014

Global Crop Industry News

   Global

Russia Eyes New Food Importers to Sustain Supplies
Jim Wyckoff's Morning Report: Firmers Markets Worldwide
Jim Wyckoff's Morning Report: Is Russia-Ukraine Tension Easing?
Jim Wyckoff's Morning Report: Less Confidence in Market Place
Jim Wyckoff's Morning Report: More Risk Amongst Traders
Jim Wyckoff's Morning Report: Geopolitics Retains Marketplace Hold
Video: How is Dry Weather Affecting Crop Production Across China, Russia and Ukraine?
Food Security Summit on Agricultural Solutions in Asia Pacific

   China

Small Fall in Chinese Food Prices
China's Grain Imports Continue to Grow, Ensure Supply

   Haiti

Good Prospects for Haiti Crops

   Dominican Republic

Dominican Republic Rice Levels Following 2013 Pattern

   Cuba

Favourable Prospects for Cuba 2014 Cereal Crop
Favourable Prospects for Cuba's 2014 Cereal Crop

   United States

Deere Announces US Layoffs
Abundant Corn, Soybean Crops Expected
Wyckoff's Closing Grains: Corn Closed Higher
Cargill Sees Fall in Revenue and Earnings
Wyckoff's Closing Grains: Corn Closed Higher
Expert: Corn Ethanol Consumption Rising
Feed Industry Submits Comments on Sustainability Guidelines
WASDE Report Bearish for Soybeans, Slightly Bullish for Corn, Neutral Wheat
Wyckoff's Weekly Grain Outlook: Bearish USDA Report Expected
Wyckoff's Closing Grains: Corn Closed Higher

   Spain

Spain's Severe Drought Threatens Olive Harvest

   India

India Inks Agri MoUs with 52 Nations
India’s Cotton Exports Down by 19 Per Cent in June 2014

   Palestinian Territory

Damage to Agriculture in Gaza Will Have Long-lasting Effects

   United Kingdom

NFU Responds After Defra Announces CAP Greening Guidance
Make This a Healthy Harvest at Drilling Time
Keep Track of Mycotoxin Risk Right Up to Harvest
NFU to Evaluate 2014 Harvest with Annual Member Survey

   Malaysia

B5 Distribution Still Incomplete in East Malaysia

   European Union

EU Bees at Best Health in Years, Overwintering Losses at Record Low

   Viet Nam

China’s Refusal of Cross-border Rice Shipments has 'Little Impact'

   Brazil

Soy Accounts for 41 Per Cent of Brazil's Total Agri Exports

   Russian Federation

Common Agricultural Policy Should Protect Farmers from Russian Ban

   Ireland

Ireland Set Up Advice Line for Farmers Affected by Russian Ban

   Australia

Australia Counts the Cost of Russian Food Import Ban

   Canada

Video: What Growers Can Do to Protect Blackleg Resistance Traits

Events/Promotions

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