Bioceres Crop Solutions has begun sales of genetically modified (GM) wheat seeds in Argentina, the first time the technology has been commercially available to farmers anywhere in the world, CEO Federico Trucco said on Wednesday.
Argentina’s Bioceres makes world’s first sales of genetically modified wheat seeds
Chinese soy buyers see future import ceiling
Reuters – Chinese soybean buyers attending a large U.S. soy export conference believe imports for 2023 will be a bit larger than some projections, but they don’t see import volumes growing much more in the coming years. Sun Lige, vice-president of China’s Wellhope Foods Company Ltd., said on the sidelines of the Soy Connext conference
Orange juice prices near all-time high as storm hits Florida
Crop was already expected to be small
New York | Reuters — Orange juice prices at the Intercontinental Exchange (ICE) rose more than three per cent on Wednesday, heading back toward an all-time high hit earlier this month, as storm Idalia slammed parts of main U.S. orange producer Florida. Contracts for frozen concentrated orange juice (FCOJ) at ICE hit a high of
Hurricane Ian to worsen bleak outlook for U.S. orange juice industry
New York | Reuters — Hurricane Ian is likely to have worsened what was already expected to be the smallest U.S. orange crop in 55 years after it blasted through a large fruit producing area when it passed through Florida this week, flooding farms and causing oranges to drop from trees. Precise information on losses
Global crop production picture improves
Big U.S., Brazil harvests and slowing China demand ease some crop shortage fears
Big U.S. harvests, near-perfect weather for planting in Brazil and signs of slowing purchases by top buyer China are bolstering supplies of two of the top globally traded commodities: soy and corn. The rising stocks indicate that prices for those key crops, as well as for other staples such as sugar and coffee, may have
‘Containergeddon’ drives sugar, rice shippers back to bulk vessels
New York | Reuters — Food traders are switching from containers back to dry bulk vessels to transport refined sugar and rice, hoping to avoid shipping delays caused by container shortages and port congestion the industry is calling “containergeddon,” according to traders. Container-based transportation has been hit by sky-high costs and delays amid booming shipping
Wake up and smell the coffee…
Global warming is shifting the Coffee Belt northward
Reuters – Farmer David Armstrong recently finished planting what is likely the most challenging crop his family has ever cultivated since his ancestors started farming in 1865 — 20,000 coffee trees. Except Armstrong is not in the tropics of Central America — he is in Ventura, California, just 60 miles (97 km) away from downtown Los Angeles.
Brazil Amazon deforestation soars to 11-year high
Sao Jose dos Campos, Brazil | Reuters — Deforestation in Brazil’s Amazon rainforest rose to its highest in over a decade this year, government data on Monday showed, confirming a sharp increase under the leadership of right-wing President Jair Bolsonaro. The data from Brazil’s INPE space research agency, which showed deforestation soaring 29.5 per cent
Chinese pork imports seen doubling over two years by 2020
Sao Paulo | Reuters — Chinese pork meat imports are projected to sharply rise from 2.1 million tonnes in 2018 to 3.3 million tonnes in 2019 and 4.2 million tonnes in 2020, because of the African swine fever outbreak, broker and consultancy INTL FCStone said on Monday. FCStone estimated during a commodities outlook conference in
Bunge, BP team up for Brazil sugar and ethanol venture
Sao Paulo | Reuters – U.S. commodities trader Bunge Ltd and British energy company BP Plc said on Monday they will merge their Brazilian sugar and ethanol operations to create the world’s third-largest sugarcane processor. The joint venture is the largest deal in Brazil’s bioenergy sector since Royal Dutch Shell joined forces with Cosan to
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