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Crops

Effort Underway To Save Endangered Seeds

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Farmers and plant breeders around the globe are planting thousands of endangered seeds as part of a bid to save 100,000 varieties of food crops from extinction. In many cases, only a handful of seeds remain from rare varieties of barley, rice and wheat whose history can be traced back to the Neolithic era, said
Cereals, Crops, News

India Eyes First Wheat Exports In Six Years

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India, the world’s second-biggest wheat producer, is likely to export the grain for the first time in six years after bumper harvests boosted stocks, a leading grains trader said Feb. 17. The country will harvest 76.5 million tonnes of wheat this year, just 1.6 per cent below official estimates, Vijay Iyengar, managing director of Singapore-based
Cereals, News

Will A World Wheat Contract Replace CBOT Futures?

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“The market is going to take care of itself, the banking system will be back in order, the risk management of the grain companies will be back in order, and everybody is not going to be terrified.” – GLENN HOLLANDER Is the grain industry ready for a world wheat futures contract? A year-long campaign to
News

Financial Crisis Increases Hunger

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The economic crisis is pushing the world’s hungriest people to the wall, but a fraction of the cost of financial rescue packages could make a huge difference, the head of the UN’s World Food Program said Dec. 16. “I don’t think it is just an issue of compassion, it is an issue of global peace
Cereals, News

U. S., Argentina set for corn export battle

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“Our export estimations will probably have to be adjusted down, considering the effect that the drought is likely to have on production.” – Patricia Bergero, Rosario Grain Exchange The recent surge in U. S. corn sales could end soon as Argentina, the world’s second-largest exporter behind the United States, emerges with a new crop and
Cereals, Crops, News

Brazil looking northward for wheat

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Brazilian flour mills may turn to the United States, Canada or even Russia to import wheat, industry sources said Jan. 26, after Argentina blocked exports to ensure domestic supplies following a poor harvest. Brazil is the top buyer of wheat grown by its southern neighbour. But a source at Argentina’s government farm export office, ONCCA,
News

Experts identify key area of bird flu virus

Two teams of researchers say they have identified a key area of the H5N1 bird flu virus which appears to be involved in its replication and hope the discovery could speed up the design of new drugs. In separate articles published in the journal Nature, the teams from France and China said the region of
Cereals, Crops, News

China declares emergency as drought bites

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China has declared an emergency over a drought which could damage the important wheat crop, threatening further hardship for farmers amid slumping economic growth. The dry winter gripping parts of central and northern China sent Zhengzhou wheat futures up five per cent last week but physical prices have not moved, with most investors confident the
Beef cattle, Dairy cattle, Livestock

U. S. dairy farmers culling cows

A sharp drop in milk prices has the nation’s dairy producers sustaining huge losses and many are culling cows, a move that should mean less milk in 2009, said industry sources attending a convention here. Currently, the U. S. Agriculture Department estimates slightly more milk production in 2009 versus 2008, but USDA may revise down
News

Russia combines assets to great new grain player

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The Russian government has sent a draft decree on creating a grain-trading company on the basis of state-owned assets to President Dmitry Medvedev for signing, powerful grain industry lobby said Jan. 12. “Once the decree is signed it will take one month or one month and a half to effectively transfer the assets,” Arkady Zlochevsky,

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