Heat-damaged canola crop creates supply shortages

Reuters / Supply worries about Canada’s disappointingly small canola harvest this year are compounded by the oilseed’s reduced oil content, crimping profits for crushers and leaving food companies to scramble for other vegetable oils. Expectations were high early in the crop year that a record-large canola crop in Canada would compensate for some of the


Food crisis strengthens EU biofuel critics

Drought-stricken crops and record-high grain prices have strengthened critics of the European Union biofuel industry, adding fears of a food crisis to their claims that it does not ultimately reduce carbon dioxide emissions. The renewed anxiety adds to pressure on the EU’s executive commission to forge a deal this year to help ensure that EU




Companies See Role In Food Security

Food security concerns as the world s population surpasses seven billion have prompted global companies to become more actively involved in ensuring future supplies, participants at an agricultural conference said on Oct. 31. The increased role has come at a time government involvement is hampered by the global financial crisis and led to fears a


China’s Corn Rush To Redraw Global Food Landscape

When China abandoned its soybean self-sufficiency quest almost 20 years ago and started importing the oilseed feeding its hunger for livestock, it almost single- handedly transformed the industry. Today, it s poised to do the same for corn. The world s most populous nation is expected to triple corn purchases next crop year and, by



Australian Wheat Area Seen Down

Australia could harvest nearly seven per cent less of the grain in 2010-11 than the previous season, analysts said Mar. 4, making their first estimates for the year. “We expect Australian wheat area to fall by five per cent in 2010 and production to decline by 1.5 million to 2.0 million tonnes, said Luke Mathews,

Australian Dollar Strength Knocks Wheat Sales

Australia’s strong dollar has made grain from the world’s fourth-largest wheat exporter costly for foreign buyers just as a new harvest begins, boosting the risk of overflowing silos and falling prices. Indonesia, Australia’s largest wheat customer, is shunning Australian wheat in favour of more competitively priced Black Sea-origin grain. “The Australian dollar’s strength is going