Bioceres Crop Solutions has begun sales of genetically modified (GM) wheat seeds in Argentina, the first time the technology has been commercially available to farmers anywhere in the world, CEO Federico Trucco said on Wednesday.
Argentina’s Bioceres makes world’s first sales of genetically modified wheat seeds
Orange juice prices near all-time high as storm hits Florida
Crop was already expected to be small
New York | Reuters — Orange juice prices at the Intercontinental Exchange (ICE) rose more than three per cent on Wednesday, heading back toward an all-time high hit earlier this month, as storm Idalia slammed parts of main U.S. orange producer Florida. Contracts for frozen concentrated orange juice (FCOJ) at ICE hit a high of […] Read more
Hurricane Ian to worsen bleak outlook for U.S. orange juice industry
New York | Reuters — Hurricane Ian is likely to have worsened what was already expected to be the smallest U.S. orange crop in 55 years after it blasted through a large fruit producing area when it passed through Florida this week, flooding farms and causing oranges to drop from trees. Precise information on losses […] Read more
Brazil cuts sugar production for soy, corn
Reuters – Brazil’s government reduced its projection for this season’s sugar production by nearly 10 per cent in the centre-south (CS) region to 30.7 million tonnes after an evaluation of the impact of drought and frost on crops. A report by the government’s agricultural statistics agency Conab said the CS sugarcane crop is now seen […] Read more
‘Containergeddon’ drives sugar, rice shippers back to bulk vessels
New York | Reuters — Food traders are switching from containers back to dry bulk vessels to transport refined sugar and rice, hoping to avoid shipping delays caused by container shortages and port congestion the industry is calling “containergeddon,” according to traders. Container-based transportation has been hit by sky-high costs and delays amid booming shipping […] Read more
Brazil Amazon deforestation soars to 11-year high
Sao Jose dos Campos, Brazil | Reuters — Deforestation in Brazil’s Amazon rainforest rose to its highest in over a decade this year, government data on Monday showed, confirming a sharp increase under the leadership of right-wing President Jair Bolsonaro. The data from Brazil’s INPE space research agency, which showed deforestation soaring 29.5 per cent […] Read more
Soybean exports from Brazil to slump on African swine fever crisis
But corn sourcing is expected to rise significantly over the past year’s levels
Sao Paulo | Reuters – Chinese commodities trader COFCO told Reuters it expects a sharp drop in the amount of soybeans it will source for export from Brazil this year due to an outbreak of African Swine Fever (ASF) in China that has hurt demand for animal feed. In an interview with Reuters Sept. 22, […] Read more
Chinese pork imports seen doubling over two years by 2020
Sao Paulo | Reuters — Chinese pork meat imports are projected to sharply rise from 2.1 million tonnes in 2018 to 3.3 million tonnes in 2019 and 4.2 million tonnes in 2020, because of the African swine fever outbreak, broker and consultancy INTL FCStone said on Monday. FCStone estimated during a commodities outlook conference in […] Read more
Bunge, BP team up for Brazil sugar and ethanol venture
Sao Paulo | Reuters – U.S. commodities trader Bunge Ltd and British energy company BP Plc said on Monday they will merge their Brazilian sugar and ethanol operations to create the world’s third-largest sugarcane processor. The joint venture is the largest deal in Brazil’s bioenergy sector since Royal Dutch Shell joined forces with Cosan to […] Read more
Brazil in talks to boost soymeal exports to China
Sao Paulo | Reuters – Brazil’s soy processing executives are in talks with Chinese government officials over ways to increase soymeal exports to the Asian nation, industry group Abiove said on Monday. China already buys around 80 percent of Brazilian soybean exports. According to official data, Brazil exported 55 million tonnes of soybeans to China […] Read more
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