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Crop Industry News By Category: Markets/Economics

17 February 2015
Government Offers Tax Relief for Drought-Affected Farmers
NEW ZEALAND - Revenue Minister Todd McClay has welcomed the Inland Revenue’s decision to exercise its income equalisation discretion to help provide relief for drought-affected farmers in the...
16 February 2015
Wheat Growers Welcome Move Forward with Bill to End Cuban Embargo
US - On 12 February 2015, a bipartisan group of lawmakers led by Senator Amy Klobuchar (D-MN) introduced major legislation that would end the US trade embargo of Cuba....
Largest Ever Grain Shipment Leaves the UK
UK - One of the largest shipments of grain to ever leave the UK is currently being loaded at the Port of Tyne in the UK....
13 February 2015
Australian Farmers Supportive of Foreign Investment
AUSTRALIA- Farmers from Western Australia are overwhelmingly supportive of Chinese and other foreign investment, new research has revealed....
NFU Praises Introduction of Freedom to Export to Cuba Act
US - The National Farmers Union (NFU) has praised the introduction of Freedom to Export to Cuba Act of 2015....
12 February 2015
Strong Non-EU Wheat Exports from the UK, but Not Strong Enough
UK - In December, the UK exported 225Kt of wheat the latest data from HMR&C shows, taking total exports so far this season to 938Kt....
10 February 2015
Philippine Agriculture to Continue Growth in 2015
PHILIPPINES - Philippine agriculture is well-positioned to sustain its growth momentum this year, Agriculture Secretary Proceso Alcala said. And to help fuel this expansion, the DA chief said...
Chinese Farm Produce Prices Rising
CHINA - The price of major farm produce in China rose last week according to a survey of prices in 36 large and medium-sized cities by the Ministry of Commerce....
09 February 2015
Call for Concrete Proposals in World Trade Talks
GLOBAL - A new paper from the World Trade Organisation on the latest stage of the Doha round of the global trade talks has shown that just one country might have to make changes to its domestic...
06 February 2015
Brazil Seeking More Agriculture Trade with China
BRAZIL - The Chinese market is vital to the growth of Brazil's agricultural sector, and the country plans to focus on expanding exports to the world's second-biggest economy, newly elected Brazilian...
Bachoco Posts Five Per Cent Increase in Net Sales
MEXICO - The latest results of feed, meat and egg company, Industrias Bachoco, point to an almost 12 per cent increase in net sales for the latest quarter and of 5.2 per cent for the 2014 financial...
FAO Food Price Index Falls Again
GLOBAL - The FAO Food Price Index averaged 182.7 points in January 2015, down 3.6 points (1.9 per cent) from its revised* (reduced) December 2014 value....
03 February 2015
Low Oil Prices Have Far-reaching Impact on Agriculture
GLOBAL - The fall in nearby Brent crude oil futures to under $50/barrel, from over $115/barrel in mid-June, is likely to have far reaching effects on agriculture both in the UK and worldwide....
Is There a Risk of Winter-kill for EU Cereal Crops?
UK - The latest EU crop monitoring (MARS) report points to low levels of winter kill across the EU so far this winter....
Several Factors Cause Markets to Ease
GLOBAL - All markets continue to ease as the reality of ample supplies, reports of improved weather and general bearish fundamentals weigh on values, writes David Sheppard, Gleadell’s managing...
Decline Predicted in Profitability of UK Farming
UK - Defra’s latest Farm Business Income forecasts predict a decline in the profitability of farming across the majority of farming sectors and serve as a warning as to how much agriculture...
02 February 2015
Feed Outlook: Arable Output to Break Records By 2018
GLOBAL – World grain stocks will tighten over the coming years but, after a small contraction, harvests will rise back to record breaking levels, predicts a grain market monitoring body....
29 January 2015
Fiji Agri, Fisheries Minister Meets Radha Mohan Singh
INDIA - To take agriculture relations between the two countries forward, Fiji minister for agriculture, fisheries & forests minister for rural & maritime development and national disaster management,...
27 January 2015
EU Barley Exports Gathering Pace
EU - Barley export commitments from the EU seem to be gathering pace once more, reflecting the increased competitiveness of grains priced in Euros....
26 January 2015
Drought Triggers Insurance Payout in Sahel Ahead of Humanitarian Aid
SOUTH AFRICA - ARC Insurance Company Limited (ARC Ltd) is to pay $25 million in drought insurance claims to three countries in the Sahel this month....
23 January 2015
Fall in Fuel Prices Should Mean Lower Costs for Farmers
NEW ZEALAND - The continuing fall in fuel prices should be reflected in lower farm input costs, Federated Farmers believes....
China-UK Strengthen Agricultural Cooperation
CHINA - Minister Han Changfu met Elizabeth Truss, Secretary of State for Environment, Food and Rural Affairs of UK last week when the two sides exchanged views on strengthening bilateral agricultural...
22 January 2015
Call for Proper Risk Assessment of Possible Endocrine Disruptors
UK -The British Crop Production Council has called for a proper risk assessment on possible endocrine disruptors....
UK Appoints Agri Counsellor in China to Help Boost Trade
UK - The UK has appointed its first Agriculture and Food Counsellor in China to help increase growing food and drink exports to the country....
21 January 2015
Issues Stemming from January USDA Reports
US - The USDA's final estimates of 2014 US production and estimates of December 1, 2014 stocks released on January 12 revealed some potentially important issues for the corn and soybean markets,...
20 January 2015
Mostly "Good" Ukrainian Winter Crops After Big Export Year
UKRAINE – Crop production and exports from Ukraine increased last year and present winter crop progress is good, reports the Ministry of Agriculture Policy and Food....
Chinese Farm Produce Prices Rise Slightly
CHINA – Chinese farm produce prices rose slightly during the week of 5-11 January, although meat, poultry fish and eggs all saw small falls according to a survey of 36 large and medium sized...
19 January 2015
Irish Food and Drink Exports Up For Fifth Year Running
IRELAND – Irish food and drink exports earned €10.5 billion in 2014, a four per cent increase and the fifth consecutive year of export growth, says The Irish Food Board (BordBia)....
16 January 2015
Will Falling Oil Prices Cheer Farmers in 2015?
US - The rapid fall in global oil prices seems to have taken many by surprise. The price of crude oil has declined sharply over the past seven months, creating a list of ‘winners and losers’,...
CME: WASDE Provided USDA’s Final 2014 Crop Estimates
US - A quick note on Monday’s record-high FI hog slaughter: It really wasn’t all on Monday. USDA’s estimate for Monday was a record high daily total of 455,000 head, write Steve Meyer and...
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