FAO Head Wants New Commodity Rules

Market deregulat ion since 1999 has fuelled speculation on commodities markets, and that needs to be corrected to curb food price volatility, the head of FAO said Feb. 3. “We have created an environment that allows pure speculation,” FAO director general Jacques Diouf told Reuters Insider. “This is something that would require the necessary corrections

U.S. Biodiesel On Life Support, But Smiling

Biodiesel, still a moneylosing proposition in the United States compared to oil-based diesel, is about to have its best year ever thanks to government tax credits and usage mandates. But it will take months for the biodiesel industry to bounce back after being stranded last year, when the government let its six-year subs idy expi


Saudi Arabia To Import More Wheat

Saudi Arabia plans to import around two million tonnes of wheat in 2011 like last year and will boost imports to three million tonnes after 2016 as it ends local production, a source at the grains authority said Feb. 2. The top OPEC oil exporter has emerged as a major wheat buyer to feed its

Bovine Bellies Yield Clues For New Biofuels

Researchers looking for better ways to make biofuels turned to experts at breaking down grass – cattle – and found more than a dozen new compounds in their guts that might help make new, cheap sources of energy. They used new genetic sequencing techniques to find microbes that make enzymes that in turn can break


French Farmers Turning To Renewable Energy

An increasing number of farmers will try to claim a share of France’s renewable energy sector to help cope with farm price volatility and counter environmental criticism that has tarnished their rural image. Solar, wind and biomass energy are taking off in France in the wake of national and European energy targets. Farmers see them

In Brief… – for Jan. 27, 2011

Saudis to raise wheat reserves:Saudi Arabia plans to increase wheat reserves to one year from six months in around three years, the head of the grains authority said Jan. 16. The kingdom would increase grain storage capacity by 550,000 tonnes in four cities within three years to reach that goal, Waleed ElKheriji told reporters. Last


Ethanol And Oil Subsidies: Competing Claims And Self-Justification

Acommon question we hear when we tell people that we are agricultural policy analysts is “Well, whaddya think about ethanol subsidies?” That question becomes critically important as the blenders’ credit, the ethanol import tariff and the small producers’ tax credit face a deadline of December 31, 2010 for renewal by a lame-duck Congress. Todd Neeley,

Pork Seminar Offers Tips For Success

The big market factors may be largely beyond their control, but pork producers can apply fresh thinking to build a stronger economic future. New precision- farming approaches, using advocacy more effectively and dramatically modifying financing approaches are all key options, say speakers at the Banff Pork Seminar. The numbers tell the story of an industry


Food Price Spike Shows Reform Urgent

The current spike in food prices is a repeat of the 2007-08 crisis and indicates urgent reforms are needed to a stressed global agricultural system, John Beddington, the U.K. government’s chief scientist said on Jan. 24. “In 2007-08 everyone said this was just a one-off because we have been looking at price declines for 30

Ethanol Production Boosts Demand For Corn

The USDA released a report Jan. 12 stating that corn crops will be the tightest than ever before, Mike Krueger, host of the “Money Farm” told farmers attending the 2011 Ag Days. “The single biggest thing that has changed the corn market worldwide and certainly our market is ethanol,” said Krueger. Ethanol production has increased