Archive for June 24th, 2021

BRUSSELS, BELGIUM – Under its new “Farm to Fork” strategy, the European Union will see reduced grain production and could become a net importer, according to an impact assessment from Coceral, a European association representing the trade in cereals and other agricultural products.

The strategy aims to curb the environmental impact of agriculture, which is the most frequently reported source of pressure on Europe’s habitats and species and is responsible for 10% of EU greenhouse gas emissions.

During Coceral’s June 23 online ...

LONDON, ENGLAND – Although record global grain production is forecast for the current marketing year, which ends June 30, the International Grains Council (IGC) sees carryover stocks falling to a six-year low due to a strong rise in consumption.

In its most recent Grain Market Report, released on June 24, the IGC pegs 2020-21 total grains production at 2.216 billion tonnes, 3 million tonnes lower than the previous month but higher than last year’s record crop of 2.186 million tonnes.

The IGC ...

BEIJING, CHINA — COFCO International, a China-based agribusiness giant, said it remains committed to sustainable business and agriculture practices despite the challenges presented in 2020 by the coronavirus pandemic.

“The COVID-19 pandemic has highlighted the pressing need to build resilience in our food system, and change our relationship with nature,” said David Dong, chief executive officer of COFCO International. “This must take place amid heightened economic pressure, volatile markets and the pressing challenges of climate change, biodiversity loss and resource scarcity.”

The ...