Tight stocks support grain prices

Harvesting wheat

UK cereal markets have remained supported in the past week, following a bullish global production report and tight domestic ending stocks.

The US Department of Agriculture’s latest report slashed international coarse grain production by 14m tonnes, driven by sharply lower corn and sorghum yields in America. Although it increased its wheat production estimate by 9.7m tonnes, due to larger than expected yields in Russia, Ukraine and the EU, strong export interest from Algeria and Saudi Arabia helped to support market prices.

In the UK, DEFRA revealed that on-farm wheat stocks to the end of June in England and Wales were the lowest since 2000 and 39% below June 2010 – wheat and barley held by ports, co-ops and merchants were down by 17% and 46% respectively.

Despite the uncertainty rocking financial markets, UK feed wheat gained £3/t over the week, to average £155/t ex-farm for spot movement as Farmers Weekly went to press on 17 August. Milling wheat premiums widened to about £18/t due to concerns over quality across Europe after more wet weather. "Strategie Grains currently sees 82% of the German wheat crop of bread quality, down from its previous estimate of 93%," said a report by HGCA.


Support for grain complex on A11 at Snetterton

z SNETTERTON: Cereal growers are looking to invest in the future of a new advanced grain processing site on the A11 corridor at Snetterton.
There has already been cash backing from farmers willing to pay £5 per tonne towards the initial set-up and planning costs, said Openfield’s Rob Sanderson.

SNETTERTON: Cereal growers are looking to invest in the future of a new advanced grain processing site on the A11 corridor at Snetterton.

There has already been cash backing from farmers willing to pay £5 per tonne towards the initial set-up and planning costs, said Openfield’s Rob Sanderson.

He received firm expressions for more than 20,000 tonnes of storage since the initial briefing last month.

Seventy farm businesses were represented at an initial meeting and another 30 unable to attend supported the venture, he said.

"We’ve invited them all to subscribe £5 per tonne of prospective interest to fund the planning and we’ve had a very good reception from Breckland Council." He said the support from farmers had given the projected scheme a real boost. And the new facility would be designed to have an intake of between 20,000 to 25,000 tonnes a day.

"It is not really a grain storage but it is a processing complex, which happens to be owned by farmers. It is an opportunity to take two layers of fixed costs.

"We’ve got a good model and a good team with Openfield and our stage partners. We’ve got 15 sites through the UK, storing one million tonnes, and it is rapidly expanding. It will take a couple of years but we’re heading in the right direction." Mr Sanderson, said Openfield’s operation at Bressingham, near Diss, which was reliant on 40-year-old stores, was another long-term candidate for replacement.


Agriculture Association protests in Bekaa against lack of govt support

tải xuống (12) BEIRUT: The Agriculture Association in Lebanon held a protest in the Bekaa Sunday against lack of government support, briefly blocking the Riyaq-Baalbek road near Majdalyoun.

The farmers demanded that the Investment Development Authority of Lebanon work harder to support and promote the agricultural sector, the National News Agency reported.

IDAL runs Export Plus, an export subsidy program which is currently being phased out. Agriculture Minister Hussein Hajj Hasan recently passed an emergency law to extend the program. Land exports from Lebanon have recently been disrupted due to unrest in Syria.

The head of the union of poultry breeders, Ali Hajj Hasan, said further steps could be taken if officials did not pay attention to farmers’ demands.

“When the new government was formed, we were optimistic that things will be resolved; but it turns out that certain decisions were like a death sentence for farmers … if things remain as is we will follow the same pattern of escalation on Damascus road and then in Beirut,” the NNA reported him as saying.


Foreign NGOs support agriculture

tải xuống (6) Eleven general non-governmental organisations (NGO) financed almost 2.3 million USD for 9 projects in a fields of agriculture, forestry, aquaculture and irrigation in a initial 6 months of this year.

In a news to a Working Committee on Non-Governmental Organisations on Jun 27, a Ministry of Agriculture and Rural Development (MARD) pronounced that a projects embody a 527,000 USD aid scheme of Chinfon Group on farming growth in Ho Chi Minh City’s Cu Chi district from now until 2013.

The AECID from Spain funds a plan on environmental government in aquaculture regions targeting a northern pier city of Hai Phong and a Mekong Delta provinces of Bac Lieu, An Giang and Dong Thap.

People in several northern alpine provinces are benefiting from a technology-transfer plan saved by Borda, a German NGO.

In further to financial assistance, a NGOs also supposing support in training, send of knowledge and technology, and commander models of production with a appearance of a community, amicable and private organisations and bureaucratic agencies.

The MARD proposed that a Committee helps find for projects in irrigation, afforestation, building tolerable and environmentally-friendly models of farming growth as good as improving farming people’s capacity to cope with meridian change./.


Protest slams lack of govt support for farming

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BEIRUT: Farmers in South Lebanon organized Thursday a sit-in in Shabriha area to complain about the government’s lack of support for the agriculture sector in the south.

Protesters held signs reading “Support the agricultural exports, what will be the destiny of farmers?”

They called upon the government to assume its responsibilities toward this sector, saying that one third of the Lebanese population makes its living out of agriculture.

Hani Safieddine, head of the farmers association in the south, asked the government to support the export of agriculture products, mainly bananas, strawberries and citrus by $200 per ton to enable Lebanese farmers compete with worldwide prices.

Safieddine has also called upon the government to sign trade agreements and approve on some customs facilities in order to facilitate the export of Lebanese produce to new markets.


Additional US$20 million to support coffee export

tải xuống (14) The Hanoi-branch of Mizuho Corporate Bank (Japan) and Tay Nguyen Coffee Import and Export Investment Joint Stock Company signed a commitment on June 13 to provide a short-term preferential loan worth US$20 million to help the company with purchasing and exporting coffee export from the 2011-2012 crop.

Since early this year, Vietnam has earned US$1.2 billion from exporting 600,000 tons of coffee, up by 49.4 percent in quantity and 122.3 percent in value over the same period last year. The Tay Nguyen Company exported 85,000 tons of coffee, earning US$187 million which accounts for 14 percent of the country’s total export turnover.

Since 2007, the Mizuho Corporate Bank has provided capital support for Tay Nguyen coffee company to help it export 35,000-40,000 tons of coffee to the Japanese market every year.

In the face of the fluctuating prices for farm products, particularly coffee, additional capital will help businesses create large reserves of goods and stabilize coffee prices in the region.


Agricultural projects to receive incentives

tải xuống (3) Investors in agricultural and rural projects will receive preferential treatment under a recent decision made by the Ministry of Finance.

The decision is being made in accordance with the Government’s Decree No. 61/2010/ND-CP on preferential policies to encourage enterprises to invest in agricultural and rural areas.

Accordingly, as of August 1, investors in agricultural and rural projects that enjoy investment preferences or encouragement will be given the lowest land and water surface rent prices as regulated by provincial People’s Committees.

Investors will also gain financial support in land and water surface rental in the first five years and the preferential treatment is offered one time right after investors complete fundamental phases of construction.