IGC sees record maize crop in 2012-13

Global maize production is projected to rise to a record 900 million tonnes in 2012-13, outstripping demand for the first time since the 2008-09 season, the International Grains Council said April 2. The IGC, in a monthly report, also cut its forecast for the global maize stocks at the end of the 2011-12 season following

Briefs March 29, 2012

Indonesian consumers shun rice in favour of noodles jakarta / reuters / Rising incomes are prompting Asian consumers to switch to noodles and away from rice. It’s expected wheat demand in Indonesia, already Asia’s top wheat importer, will rise by at least five per cent a year over the next decade. The country imported six


China set to buy more U.S. corn this year

(Reuters) Strong domestic prices and low reserves are likely to force China to import more U.S. corn this year, squeezing tight world supplies, analysts and industry officials said March 14. China’s corn imports are expected to more than double in the current 2011-12 crop year to four million tonnes from 1.5 million a year earlier,

Briefs March 1, 2012

Kazakhstan expects sharp decline in 2012 grain crop astana/reuters / Kazakhstan expects its grain harvest to revert to an average level of between 13 million and 15 million tonnes this year, a sharp decline from the record post-Soviet crop of 2011, Deputy Agriculture Minister Muslim Umiryayev said Feb. 21. Central Asia’s largest wheat exporter harvested


Yara eyes new Canada plant in fertilizer expansion

Yara International ASA, the world’s biggest producer of nitrogen fertilizer, is eyeing construction of a new $2-billion plant in Canada, among other options, as it looks to expand its production 40 per cent by 2016. Oslo-based Yara intends to add eight million tonnes to its global fertilizer production capacity, as projected population growth boosts demand



China harvest to be hit by labour, fertilizer costs

beijing / reuters / Rising labour and fertilizer prices and uncertain weather will reduce China’s grain harvest this year, state radio quoted Minister of Agriculture Han Changfu saying Feb. 27. A good grain harvest tames China’s consumer inflation, which rebounded to 4.5 per cent in the year to January, but was still well below a



Economics versus culture

Dermot Hayes, a respected livestock economist from Iowa State University, is admittedly flummoxed over the question of whether it will be grain producers or the livestock sector benefiting from the growing demand for protein in emerging economies. Hayes was in town last week delivering the annual Kraft Lecture, a memorial to the late University of