Istanbul | Reuters – Turkish Defence Minister Hulusi Akar on Wednesday unveiled a centre in Istanbul to oversee the export of Ukrainian grains after a landmark U.N. deal last week, with the first shipment expected to depart from Black Sea ports within days. Russia and Ukraine signed the deal, brokered by Ankara and the United […] Read more
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Ukraine grain export coordination centre opens in Istanbul
As grain prices fall, food prices to ease first in developing world -U.S. official
Sao Paulo | Reuters – Seth Meyer, chief economist at the United States Department of Agriculture, said on Tuesday weaker commodities prices will take longer to ease food inflation in the United States than in the developing world. Some of the world’s poorest nations were hardest hit by a spike in corn and wheat prices after Russia’s […] Read more
Philippines’ Marcos lays out ambitious policy agenda with farm sector in focus
Manila | Reuters – Philippine President Ferdinand Marcos Jr on Monday outlined ambitious plans for his six-year term in office that focus on fiscal management, infrastructure upgrades and turning the long-neglected farm sector into an engine of growth. The Philippines is beset with numerous challenges, from soaring prices, food shortages, poverty and inequities in education, but Marcos, the […] Read more
Health Canada to slap warning labels on sugary, salty and fatty foods
Ottawa | Reuters – Foods high in sugars, sodium and saturated fat will come with clear warning labels in Canada starting in 2026, the federal government said on Thursday, in an effort to promote healthier eating choices and reduce chronic health risks. “We know that it’s not always easy to make healthy choices,” Health Minister Jean-Yves Duclos told […] Read more
Israel’s Redefine Meat serves up plant-based whole cuts of beef
Reuters – Israeli start-up Redefine Meat has expanded operations into Europe where it hopes to reach thousands of restaurants by the end of next year and served for the first time its plant-based whole cuts of alternative meat. The 3D-printed beef substitute was rolled out in Israel, as well as Germany, the Netherlands and the […] Read more
Deere considers rejected offer its “best and final” as strike continues
Reuters – Deere & Co said on Wednesday its latest offer rejected by the United Auto Workers (UAW) union is the U.S. tractor maker’s “best and final offer”, adding that it will keep all options open as the workers’ strike continues. Workers at the Illinois-based company continued their three-week-old strike a day after they voted […] Read more
U.S., UAE lead $4-bln effort to help farming adapt to climate change
Johannesburg | Reuters – The United States and the United Arab Emirates on Tuesday used COP26 climate talks to launch efforts to channel funding into making agriculture resilient to climate change, as well as to cut its emissions. The farming industry, a major part of the U.S. economy, is already battling the effects of climate change, including […] Read more
Bunge raises 2021 profit outlook on higher food, renewable fuel demand
Bunge Ltd reported stronger-than-expected third-quarter results and raised its full-year profit outlook on Wednesday for a third time this year amid improved demand for food and renewable fuel as pandemic restrictions have eased. Although volumes in the U.S. agricultural commodities trader’s core agribusiness and its refined and specialty oils units were down, robust oilseed processing […] Read more
Cargill fiscal 2021 revenue rises to US$134.4 billion
Reuters – Global commodities trader Cargill Inc. has reported a 17 per cent rise in revenue in fiscal year 2021, the latest company to benefit from high prices for agricultural goods. Privately held Cargill halted public reporting of most of its quarterly and annual financial data last year. It said in an annual report fiscal […] Read more
China’s hog prices to extend rebound in near future — official
China’s hog prices will continue to rebound in the short term, an official from the country’s state planner said in late July, after a decline in the number of pigs born at the start of the year. The number of hogs slaughtered in July and August is seen declining to some extent, Wan Jinsong, the […] Read more
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