Turkey Board Sees No Wheat Imports This Year

Turkey’s state grain board TMO does not expect to import wheat or barley this year, but will export half a million tonnes before the start of the next harvest season in June. TMO chairman Mesut Kose told Reuters in an interview on March 23 that the board has already exported 2.3 million tonnes of grain



The Russian Bear Is Back

JOHN MORRISS EDITORIAL DIRECTOR The former Soviet Union may not have been a model of economic efficiency, but there was one thing that it did very well, and that was import grain. In the grain trade heyday of the 1980s, the Soviets would import up to 50 million tonnes a year and distribute it far

Billion-Dollar Agriculture Fund For Sudan

Egypt’s Beltone Private Equity and Sudan’s Kenana Sugar Company are launching a $1-billion agricultural investment fund, Beltone said March 23. Gulf and other Arab countries have been investing in a range of farming projects in Sudan, Africa’s biggest country by area and long viewed as having huge agricultural potential. “We are launching the fund with


Farming Reform Needed To End Hunger Without Obesity

Agriculture needs revolutionary change to confront threats such as global warming and end hunger in developing nations without adding to the ranks of the obese, an international study shows. The report says South Asia and Africa were “battlegrounds for poverty reduction” as the world population rose to a peak in 2050. Prospects for quick advances

Argentine Strike Blocks Soy Exports

Port workers striking over wages at Argentina’s biggest grains export complex have widened protests and on Monday were blocking access to most shipping terminals in San Martin and Timbues ports, union and media sources said. Workers from the Port Workers Co-operative and the United Syndicate of Argentine Port Workers, or SUPA in Spanish, burned tires


EU Grain Sale For Aid Will Distort Market

AEuropean Union plan to sell 1.5 million tonnes of surplus grain in the coming months to help the bloc’s poor will weaken feed prices and lead to more offers for EU intervention subsidies, member states warned. The EU in November agreed to sell cereals from its grain mountain to support the needy. Unusually, the sale

In Brief… – for Mar. 25, 2010

Risk and reward: Jeff Conrad, president, Hancock Agricultural Investment Group told the Reuters Food Summit last week agriculture has its limits for investors. “The U. S. is a very mature marketplace – good technology base, good infrastructure, ability to harvest good crops … If you tell me you want to do 20 per cent returns


Fertilizer Producers Still See Strong U. S. Spring

Major fertilizer producers still expect a strong U. S. spring planting season, a development that would be a boon for the industry after a lacklustre fall. Wet weather and a very late harvest kept many farmers from putting down fertilizer before snow fell this past fall and winter. That hurt fourth-quarter earnings in the fertilizer

Organic Foods Finding A Niche, But That’s All

The wave of organic packaged foods may have crested at mainstream retailers. Organic foods and beverages are pulling back from startling growth levels in recent years and settling into a small niche space at mainstream retailers, food industry executives and analysts said while attending the recent Reuters Food Summit. The recession put a halt to