Ethiopia Targets Land For Commercial Farms

Ethiopia plans to offer three million hectares of land over the next two years for investors to develop large-scale commercial farms, a government official said Nov. 5. Countries in Asia and the Gulf – such as China, India and Saudi Arabia – have rushed to buy farmland abroad to grow crops for their own people

Indonesia Defends Converting Peatlands To Palm Estates

“Some companies are interested in peatlands and we are working with those who want to safeguard the environment and ensure our country’s prosperity.” PALM PROTESTS: Protesters from Greenpeace, dressed as orangutans, demonstrating outside the Unilever building in London last year. Greenpeace said it wanted to raise awareness of companies who buy palm oil from companies


Guidelines Could Help Improve Farmland Deals

A draft of the first-ever international code of conduct for farmland deals should be ready by the end of the year, the head of the United Nations’ International Fund for Agricultural Development said. The draft document will lead to more discussion about how to ensure deals benefit host nations, as well as those seeking to

Neogen Sees Food Contamination Fears Driving Growth

“It’s not just at the processing plant. It goes all the way back inside the farm gate.” – LON BOHANNON The growing risk of food contamination resulting from large production facilities and rapid distribution is putting Neogen Corp. on track to reach its objective of annual sales of more than $200 million by 2013, a


Minister Says Canadian Canola Doesn’t Sprout

Efforts to dissuade China from blocking imports of Canadian canola over fears of blackleg haven’t gone well, and comments by Canada’s agriculture minister may not have helped. Gerry Ritz said Monday in Winnipeg he told Chinese officials they needn’t fear their farmers growing Canadian canola because the seed won’t grow. “I assured them that with

Stay-At-Home Consumers Bite Into Pricey Steaks

Meat-loving consumers in the United States are eating out less, but they are not forgoing taste and quality as researchers have found that more restaurant-quality prime-and choice-grade steaks are being served on family dinner tables. Beginning in 2008, cash-strapped consumers shifted to at-home dining. As a result, with restaurant business on the decline, meat companies


Swine Fever May Impede Growth In Russia Herd

The spread of African swine fever, a deadly hog disease, to near St. Petersburg could threaten Russia’s attempts to become self-sufficient in pork production, the U. S. Meat Export Federation said Oct. 28 in a note to members. “If recent ASF outbreaks in Russia are as widespread as available information indicates, they could represent a

Ethiopia To Develop Biofuels To Cut Oil Imports

“Such a mix of ethanol with petrol has resulted in economic gains that include reduction in the levels of imported petrol.” Ethiopia wants to emulate Brazil by developing biofuels to cut its dependence on oil imports that cost the Horn of Africa nation more than a billion dollars a year, a government official said. Ephrem


Chinese Demand Blackleg-Free Canola

China’s demand that Canada start delivering certified blackleg-free canola starting Nov. 15 will be tough to fulfil because the fungus disease is common here, says Canola Council of Canada president JoAnne Buth. But she says the Canadian government and canola industry are working hard to restore access to one of Canada’s major canola customers. Last

Frustrated Chicago Wheat Traders Seen Testing MGE

Frustrated wheat traders who say the Chicago Board of Trade Soft Red Winter wheat contract is no longer an effective hedging tool appear to be testing the waters in a new market – the Minneapolis Grain Exchange. Open interest in the MGE’s long-dormant, cash-settled Soft Red Winter Wheat Index futures has exploded over the last