Mexico City | Reuters –– A ministerial meeting aimed at working toward a deal for the 12-nation Trans-Pacific Partnership (TPP) trade pact has been set for May 26-28, the head of Chile’s trade body said on Thursday. “The meeting is agreed, from the 26th to the 28th of May,” said Andres Rebolledo, head of the […] Read more
Trans-Pacific ministers’ meeting set for May 26-28
Iowa declares state of emergency over avian flu
Reuters — Iowa Governor Terry Branstad declared a state of emergency on Friday due to a rapidly expanding avian flu outbreak. State agriculture officials on Friday announced four more poultry farms — a million-bird commercial egg laying operation and three turkey farms — have initially tested positive for an H5 strain of the virus. “While […] Read more
China pledges $11B to support grain farmers
Beijing | Reuters –– China will give a total of 57.8 billion yuan (C$11.26 billion) to grain farmers as part of efforts to deepen rural reform, promote modern agriculture and raise incomes for farmers, state news agency Xinhua said. The total includes 14 billion yuan in direct subsidies, while 20.4 billion yuan will go to […] Read more
Dow to sell AgroFresh for $860M in asset-sale drive
Reuters — Dow Chemical said it would sell its AgroFresh unit, which makes chemicals that keep farm produce fresh, for US$860 million as part of a plan to divest less-lucrative units. The company said it was selling the business to Boulevard Acquisition Corp., a blank-check company formed by investment firm Avenue Capital Group. Philadelphia-based AgroFresh […] Read more
Russian wheat price may rise when tax removed
Moscow | Reuters — Russian wheat prices may rise in coming weeks when the government removes an export tax, set earlier this year to cool food inflation, SovEcon agriculture analysts said Thursday. Russia will take a decision by mid-May on removing the tax ahead of schedule and will set up a new mechanism in case […] Read more
Monsanto reported offering again to buy Syngenta
Reuters — Monsanto, the world’s largest seed company, has again approached Switzerland’s Syngenta in recent weeks with an offer to buy the company, Bloomberg reported, citing people familiar with the matter. However, the Swiss crop chemical maker has concerns, as the merger would raise antitrust issues, Bloomberg said. The two companies may again fail to […] Read more
EU lawmakers urge calorie content labels to cover alcohol
Brussels | Reuters — European beer, wine and spirits makers should inform consumers about the amount of calories in their drinks via clear labelling, EU lawmakers said Wednesday. Most foods and drinks are subject to legislation mandating labels with nutritional and ingredient information, but alcoholic drinks are exempt. The European Parliament voted in favour of […] Read more
PotashCorp, Mosaic profits climb less than expected
Reuters — North America’s two biggest potash producers, PotashCorp and Mosaic Co., reported larger first-quarter profits on Thursday, but results missed expectations. Saskatoon-based PotashCorp, the world’s biggest fertilizer maker by market capitalization, cut its full-year profit forecast, and both companies warned potash prices could slide. Prices are yet to recover after a collapse in 2013, […] Read more
Saudi Arabia bans Ont. poultry, egg products
Reuters — Saudi Arabia, the world’s second-largest importer of chicken broiler meat, has banned imports of poultry meat and egg products from Ontario due to the presence of avian flu on three Ontario farms. The market was worth about $825,000 in 2014, representing 0.4 per cent of Ontario’s poultry exports, said Patrick Girard, spokesman for […] Read more
EU moves to stop spread of ‘olive tree leprosy’
Brussels | Reuters –– EU governments backed on Tuesday new measures to stop the spread of a bacterial disease that has attacked Italy’s olive oil production, the European Commission said. The new measures mean EU countries must reveal all outbreaks in the European Union, carry out official surveys and destroy all infested plants, as well […] Read more
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