Aussie farm flags wheat tactic as price fears rise

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JPT Capital trumpeted the call by its Australian farms to lock in firm wheat prices by selling in advance even as data showing the country’s wheat stocks at a record high raised fears for values. The Monaco-based fund management group said that forward selling "a percentage" of the newly-started wheat harvest at prices "above current…


Farm export value falls below targets

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Some key farm export products are struggling to reach targets this year due to a lack of raw materials and disadvantages on the world market, the Ministry of Agriculture and Rural Development has said. The ministry has reduced expectations in export value for seafood, coffee and rubber. Export prices on the world market were expected…


North Korea in talks to farm large area of Russia

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North Korea, regarded as a pariah state by many nations, is in talks over leasing "several hundred thousand" hectares of Russian farmland, the week after the two countries struck a deal over a gas pipeline. A North Korean delegation held talks with officials in Russia’s eastern Amur region, which borders with China, over a deal…


Farm product exports surge 33.4%

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VGP – Việt Nam was estimated to earn US $13.9 billion from exporting agricultural, forest and seafood products in the first seven months of this year, up 33.4% against the same period last year, according to the Ministry of Agriculture and Rural Development. Of the sum, the country was to pocket over US $2 billion…


North Dakota farm groups backing crop insurance, research

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BISMARCK, N.D. — North Dakota farm groups say crop insurance, research and export promotion should be among the top priorities for federal spending in the next farm bill. Agriculture Commissioner Doug Goehring is hosting a meeting Friday to talk about what federal programs are most important to North Dakota’s farmers and ranchers. Goehring says the…


Japanese firm enters feed, meat tie-up

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HCM CITY — Japan’s Marubeni Corporation has tied up with a food company based in Dong Nai Province near HCM City to set up an integrated food production and supply system centred on meat distribution in Viet Nam. It has signed a Memorandum of Understanding with the Dong Nai Food Industrial Corporation (DOFICO) to manufacture…


Vinacas wants unshelled cashew checks canceled

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HCMC – The Vietnam Cashew Association (Vinacas) has repeated its request that the Ministry of Agriculture and Rural Development halt quality checks on unshelled cashew imports into Vietnam as regulated by Circular 13 on food safety and hygiene. According to farm produce and fishery quality agency Nafiqad, no cargo of unshelled cashew imported into Vietnam…


Strong real crushes hopes for Brazil farm profit

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Higher fuel and fertilizer costs, weaker crop prices and a strengthening real have knocked more than 20% off Brazilian farmer profit hopes in three months – but growers in fellow Bric country Russia look set for significantly better returns. Deere & Co, the tractor giant, slashed by $5.9bn to $20.2bn its forecast for total farm…


French farm bureau raises bar on wheat hopes

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Officials at France’s farm office lifted the bar further on forecasts for the country’s soft wheat crop, the European Union’s biggest, saying a spring drought had proved less damaging than had been thought. FranceAgriMer raised its estimate for the French soft wheat harvest by 1.3m tonnes to 33.3m tonnes, after a cool and wet July…


Crops – bar rapeseed – show resilience in Europe

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Rapeseed marred a broadly-resilient performance by farm commodities in Europe on Tuesday, undermined by its role as an energy source, after oil prices fell to their lowest since September. In Paris, rapeseed for November tumbled 3.6% to E392.00 a tonne at one stage, the lowest for a spot contract for nine months, before recovering to…


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