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India Reforms Fertilizer Pricing, Farms To Gain

India has eased controls on several fertilizers and raised prices of the popular urea nutrient by 10 per cent, raising hopes of more reforms, lower subsidies and higher margins for producers. The government, facing protests against soaring food prices, has cautioned fertilizer firms that if prices rise sharply, it will reimpose controls to protect farmers
Beef cattle, Livestock

Smaller Herd Fuels Higher Beef Prices

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Argentines ate more beef than ever last year as prices lagged other staples, but now a shortage of livestock is driving up steak prices and raising the spectre of tougher government controls in the market. In the rambling pens at Buenos Aires’ main cattle market, traders say the recent rise in prices was long overdue
News

Indonesia To Limit Foreign Ownership In Food Estates

Indonesia will limit foreign ownership in food estates, such as rice cultivation, to less than 49 per cent, Agriculture Minister Suswono said Jan. 28, a decision that could discourage investor interest. Saudi Arabia, China and other countries are acquiring farmland abroad as part of efforts to achieve greater food security, following sharp increases in food
Livestock

U. S. Farm Group: Stop EPA On Greenhouse Gases

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“They don’t have enough lipstick to put on that pig (climate legislation) to make it look good.” – MISSOURI FARM BUREAU PRESIDENT CHARLES KRUSE The largest U. S. farm group called on Congress Jan. 12 to prevent the government from regulating greenhouse gases if lawmakers kill climate change legislation. The six-million-member American Farm Bureau Federation
News

Excess Liquidity Driving Up Food Prices

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Excess liquidity in global markets is driving up prices of farm commodities, which could be potentially dangerous in the near term, World Bank president Robert Zoellick said Dec. 11. With global interest rates at historic lows, investors are piling into different markets and asset classes in search of higher returns, raising concerns about possible asset
News

World Bank To Start Agriculture Fund With $1.5 Billion

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The World Bank will start a trust fund to boost agriculture in poor countries with an initial $1.5 billion, its president Robert Zoellick said Nov. 24, warning of the risk of another food price crisis. Crop shortages in India and the Philippines combined with increased speculation in commodity markets by investment funds have increased the
Crops

Buying Of Developing Countries’ Farmland Slows: UN

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“Maybe some of them don’t want to take this political risk, reputational risk and economic risk.” – JEAN-PHILIPPE AUDINET, IFAD The pace at which investors in richer countries have been buying farmland in developing nations has slowed with the fall in food prices this year from peaks hit in 2008, United Nations farming experts said
News

Future Food, Fuel Conflict Can Be Avoided

An increasing shift away from fossil fuels such as gasoline to alternatives derived from plants and waste need not produce an increase in food prices, U. S. Agriculture Secretary Tom Vilsack told Reuters. Speaking on the sidelines of a UN climate conference in Copenhagen, Vilsack added he expected the U. S. Department of Agriculture to
News

UAE Firm Leases Farmland In Morocco

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An Abu Dhabi-based private sector investment firm has signed a contract to lease up to about 1.7 million acres of farmland in Morocco, a company executive said. Food prices have risen sharply over the past year, prompting governments and private sector firms in the Middle East to look into ways of securing supplies, as most
News

East Africa Seen Needing Billion-Dollar Food Fund

The United Nations’ emergency food aid agency needs US$1 billion to feed 20 million people in east Africa over the next six months, it said Nov. 18. Around half of that money is needed for Ethiopia alone, Ramiro Lopes da Silva, director of emergencies at the World Food Program, said on the sidelines of a

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