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World Vulnerable To More Food Price Spikes

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Nobel prize-winning economist Paul Krugman is calling for better co-ordinated aid to cope with runaway food prices, warning the world was vulnerable to a repeat of the 2008 agricultural market spike. Speaking at a seminar, Krugman said the reasons for last year’s food price rise had now been masked by the economic and financial downturn,
Cereals, News, Oilseeds

Consumers Still Fret About Grain Prices

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Uncertainty over U. S. spring plantings of corn and soybeans and recent weakness in the dollar have brought a resurgence in grain prices that spells fresh headaches for consumers and food makers this year. The commodities, at the base of a food chain that feeds into hundreds of supermarket products, from oils to starches to
Country Crossroads, Other livestock

Consumers’ Recession Shopping Habits

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Chicken producers are in a strong position to ride out the recession, Ton Marino, a vice-president and regional manager for The Neilson Company told the annual meeting of the Ontario Broiler Hatching Egg and Chick Commission here recently. Despite retail price increases, he said chicken ($6.87 per kilogram) remains less expensive than pork ($7.11 per
News

Aid Groups Plan Renewed Fight On Hunger

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Lost jobs, faltering banks and recession have pushed the issue of world hunger out of U. S. headlines, but U. S. aid groups are set to launch a plan to refocus attention on the issue, former U. S. senator George McGovern said Feb. 23. The plan by aid organizations including Feed the Children, Oxfam America,
News

Food Price Spike Tests Trade Faith

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The recent shift toward rising food prices has shaken the confidence of developing countries in counting on trade to feed their hungry, and sparked a move toward protectionism, an OECD official said on Feb. 26. “The last 20 years, the movement was toward opening markets, and trade liberalization, and less government intervention in agricultural markets.
Country Crossroads

UN Sees Food Production Down 25 Per Cent By 2050

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Up to a quarter of global food production could be lost by 2050 due to the combined impact of climate change, land degradation and loss, water scarcity and species infestation, the United Nations said Feb. 17. The fall-off will strike just as two billion more people are added to the world’s population, according to the
News, Oilseeds

GMO Acres Seen Rising Worldwide With Political Will

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Global plantings of genetically modified corn, soybeans and other crops grew 9.4 per cent last year as economic challenges spurred growing political will to adopt biotech crops that help farmers fight weeds, pests and crop diseases, an industry-backed study said Feb. 11. More than 13 million farmers in 25 countries planted 125 million hectares of
News

New Biofuels Seen Coming From Many Sources

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New-generation biofuels will come from a wide range of sources and no single feedstock may dominate, a conference on second-generation biofuels organized by German commodity analysts F. O. Licht heard Feb. 13. Non-food plants and crops mentioned at the conference as possibilities for use in future biofuels range from corn husks, grasses and algae to
Cereals, News, Oilseeds

Resurgent Grains May Stoke U. S. Food Prices

ANALYSIS BY SAM NELSON A resurgent U. S. grain market, stoked by drought in South America, spells more financial troubles for struggling meat producers and higher food prices for consumers already pinched by the recession. The worst drought in decades in Argentina, and in neighbouring Brazil, is helping to rally prices of corn and soybeans
News

U. S. ethanol industry wants diversification

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Developing non grain sources of ethanol should be a priority for the administration of President Barrack Obama, the U. S. Renewable Fuels Association says. Chairman Chris Standlee and CEO Bob Dinneen told reporters in a conference call that the Obama administration should provide loan guarantees for next-generation technologies to make the ethanol industry less dependent

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