News

THE Philippine Association of Flour Millers on Friday told the Senate committee on agriculture and food that Turkey continues to dump flour in the Philippines despite the provisional dumping duty imposed by the Department of Agriculture in April This year.

The 2.28-percent to 39.26-percent provisional dumping duty has no effect at all due to a loophole allowed by the DA for seven Turkish flour mills that continue to export flour to the Philippines with no dumping duty, PAFMIL executive director Ric ...

In a previous article, I discussed why beef prices are elevated and will remain so through at least next year. And as it turns out, we’re entering a new age of higher prices for many agricultural commodities.

Around the globe, a perfect storm of events has begun to push the price of wheat higher (north of $7 per bushel). And as wheat prices rise, it’ll affect the price of flour and bread. In fact, flour has already jumped about 10% in ...

European MATIF wheat futures closed the week down slightly at 210.75 euro/mt from Monday’s open of 211.50 euro/mt after Russian-Ukrainian tensions pushed up values across all contracts months…although a signifcantly less rally than seen in prior weeks…EU wheat licenses contiue to be issued at a steady pace with 596,000mt issued during the course of the week…including 536,00mt of soft wheat…giving a marketing year total of 23.2 mmt compared to 16.4 mmt year-on-year…interesting to note that the 2012/2013 export total came ...

The United Nation’s Food and Agriculture Organization (FAO) said on March 20 that it has revised the FAO Statistical Yearbook to make data on food and agriculture more accessible and meaningful.

The yearbook provides a snapshot of related economic, environmental and social trends and issues. It breaks down a myriad of numbers gathered from around the world into four broad thematic categories: the state of the agricultural resource base; hunger dimensions; feeding the world; and sustainability, FAO said.

Each section of the ...

Farming leaders and politicians continue to send out dire warnings about future global food shortages and the need to develop strategies for national food security. Those messages conflict with the facts that Europe continues to waste half of all the food it produces, while countries around the world are diverting arable land from food production to growing crops for renewable energy.

For instance, the practice in the UK to generate electricity from straw will distort market forces in that essential commodity ...

International civilian and military teams aboard the U.S. naval vessel HSV SWIFT have completed their three-week mission of knowledge-sharing and capacity building in Northern Haiti, significantly strengthening the nation in key priority sectors and advancing the Martelly administration’s strategy for decentralization.  Presiding over a ceremony marking the departure of the vessel and crew, Haiti’s Minister of the Interior, Thierry Mayard-Paul, expressed the gratitude of the Haitian government, saying, “Thank you for your training and reconstruction work. This is the cornerstone ...

GRAIN farmers around Australia are frustrated with fluctuating grain prices, following a mostly above average harvest season, according to the Grains Research and Development Corporation.

The group has warned farmers considering storing grain to increase their marketing and profit opportunities to monitor it carefully to protect their investment.

Grain Storage expert Peter Botta said monitoring stored grain was an absolute necessity, particularly in the warmer months.

“Some farmers get their grain into the silo and breathe a sigh of relief, but it does ...

ABARES has predicted a challenging period for Australian grain producers in terms of pricing, flagging a 7pc decrease in world wheat prices over the 2012-13 period, in spite of a recent rally in international futures.

Chicago Board of Trade May 12 futures have risen by US30 cents a bushel over the past fortnight to US672c/bu, but ABARES has said high opening stocks and an expected big production year across the globe will see prices drop once again.

The average price of hard ...