Drought adds to Portugal’s economic woes

After Portugal’s driest February in 80 years, farmers are praying for a miracle as drought ravages pastures and sparks forest fires, exacerbating the country’s economic crisis. Worse still, official forecasters expect the freak weather pattern to prevail at least through the end of March, which would worsen a drought now classified as severe and extreme


Big exports but cattle herd expansion unclear: USDA

Washington / Reuters Recent drought and forecasts for limited rainfall could constrain the size of the U.S. cattle herd despite high retail beef prices and forecasts for near-record exports, the Agriculture Department said Feb. 15. Record-high retail beef prices “are not sufficient to provide the long-term margins and profits the wholesale and cattle-feeding sectors must

“Cowgate” scandal rocks Malaysian government

Ascandal centred on cows and luxury condos raises the chances that Malaysian elections will be delayed and highlights Prime Minister Najib Razak’s stuttering efforts to reform the corruption-prone Southeast Asian nation. “Cowgate,” as it has inevitably been dubbed, is providing rich fodder for the opposition as it digs up dirt on a publicly funded cattle-rearing


Russian traders fear resumed export restrictions

Prices for Russian export wheat jumped again last week as traders confronted bare elevators in Russia’s southern export regions and hesitated to buy grain inland for export, fearing export duties could be imposed and stop it leaving Russia. Traders and analysts believe Russia’s government, which has said Russia should export no more than 23 million



China eyes even more U.S. soy

China, the world’s biggest food shopper, is likely to buy more U.S. soybeans this quarter, as a withering drought is expected to cut the South American harvest, pushing soy prices up to fresh highs. Benchmark Chicago soy has risen for three weeks on the relentless Southern Hemisphere summer, and analysts say prices could head higher,

Riverbanks overflow in Australian outback

sydney/reuters/ Thousands of Australians were cut off by flood waters Feb. 4 as heavy rain broke riverbanks across the vast eastern outback and some families battled with deadly snakes for rooftops, rescuers said. More than 11,000 people in Queensland state alone have been isolated a year after flash floods across Queensland and New South Wales


More Crops Briefs, Jan. 26

CWB’s winter rail program expects high volumes The Canadian Wheat Board’s winter rail program is expected to be one of the highest-volume years ever. “This is very good to see,” said CWB spokesperson Maureen Fitzhenry. “There was a big crop and a lot of demand.” The 2010-11 program transported 840,000 tonnes of wheat and durum

Argentina revamps wheat policy

Argentina’s new wheat export system promises to spur output from the grains-producing powerhouse at a time when farmers are hurting from dry weather and the government needs more foreign currency. The administration of recently re-elected President Cristina Fernandez will scrap incremental export quotas in a bid to improve prices for farmers by boosting competition among