Ministry licenses 44 rice exporters nationwide

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Up to 44 food traders will be able to engage in rice export under new standards applicable from October 1, comprising 29 enterprises having been licensed and 15 others pending the stamp of approval from authorities. Phan Van Chinh, head of the Import-Export Department under the Ministry of Industry and Trade, told an online meeting…


Meat prices likely to fall before Tet

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HCM CITY — The animal husbandry industry in the remaining months of the year will strengthen production to ensure supply of livestock and poultry meat in the domestic market at reasonable prices, especially on the occasion of Lunar New Year, an official said yesterday. Nguyen Thanh Son, deputy head of the Animal Husbandry Department, said…


Thai rice dealers warn against gov’t price hike

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HCM CITY — Thai rice exporters are looking for alternative sources of supply in Viet Nam and Cambodia in case the new government makes prices too high for export. The Thai Rice Exporters Association (TREA) has been crying foul about the newly-elected Pheu Thai’s announced policy to allow farmers to mortgage their entire harvest for…


Fertiliser giant opens branch in Cambodia

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Phnom Penh — The PetroVietnam Fertilizer and Chemicals Joint Stock Company (PVFCCo) officially opened a branch in Cambodia last Friday in an attempt to sell products directly to local farmers. Since the establishment of its representative office in Phnom Penh in May 2010, PVFCCo, an affiliate of the Viet Nam National Oil and Gas Group…


Fonterra holds milk price hopes despite EU warning

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Fonterra maintained its farmgate milk price forecast despite a drop of more than 15% in dairy market values, and a warning from peer and business partner FrieslandCampina of a "stagnant" European market. New Zealand-based Fonterra, the world’s top dairy exporter, held at NZ$6.75 per kilogramme of milk solids its estimate for payouts to its farmers…


Sugar prices to avoid dive despite better supplies

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Sugar prices are not set for sharp drop in 2011-12, despite a return to a healthy world production surplus, as countries – notably China – rebuild stocks depleted by successive years of squeezed supplies. The International Sugar Organisation, in its first official forecast for 2011-12, said sugar production would exceed demand by 4.2m tonnes, the…


EU milling wheat premium hopes ‘may be overblown’

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Talk of a bumper milling wheat premium may have been overblown, at least in Europe, despite rain damage to many crops, including Germany’s, and a further setback to the trade campaign in key export rival Ukraine. Germany could have a surplus of 1.7m tonnes in its exportable wheat supplies in 2011-12, FCStone analyst Jaime Nolan…


Rain dampens hopes for UK grains harvest

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Rain has dampened optimism over the UK grains harvest, prompting farmers to harvest crops even consisting one-quarter of water, to avoid a late deterioration becoming evident in test results. "Frequent and often heavy rain showers" slowed harvesting to less than half the typical pace in the last week, with Scottish farmers now behind average pace…


China early season rice output hits 32.76 million tons

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BEIJING (Commodity Online) : World’s largest Rice producer China said its annual output of early-season rice hit 32.76 million tons this year. In a statement issued here country’s National Bureau of Statistics said the early-season rice, which is harvested every July after a 90-to-120-day maturity period and is mainly planted for reserves and industrial use,…


Ludwig as bad as drought, say beef farmers

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Federal Agriculture Minister Joe Ludwig’s decision to halt live cattle exports to Indonesia so angered the industry that beef producers have now put him on par with floods and droughts. Farmers fronted a Senate inquiry in Broome on Thursday complaining of their lot in life, namely "floods, droughts and Ludwigs". West Kimberley producers said they…


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