Australia could significantly tighten scrutiny of foreign investment in farmlands, over concerns of growing interest from China, if conservative opposition parties win September elections as expected.
The U.S. Department of Agriculture’s most recent Crop Progress report released June 24 said the 2013 corn crop was 96% emerged in the 18 main corn-growing states, three percentage points behind the five-year average.
U.S. Wheat Associates on June 21 issued its second weekly harvest report of the season and noted samples taken to date from the hard red winter wheat and soft red winter wheat harvests point to good quality crops.
Archer Daniels Midland Co. has submitted a “bidder’s statement” with the Australian Securities and Investments Commission that includes an all-cash offer to acquire GrainCorp Ltd. for A$12.20 ($12.54) per share.
Wheat buyers in Asia are looking to replace Indian and Australian cargoes in the lower-end feed grain market with cheaper supplies from the Black Sea, which will be returning to the region after a three-year gap.
A wholesale produce market run by a private cooperative will open on July 1 in Havana, the first such market since Cuba monopolized wholesale operations in the 1960s, state media said on Thursday.
The effects of rain-related delays in planting key crops such as corn, soybeans and spring wheat appear to be fading as development moves closer to five-year averages.
The price of agri-foods in China rose marginally last week, according to a survey taken by the Ministry of Commerce (MOFCOM) in 36 medium and large sized cities during the week 3-9 June.
The U.S. Department of Agriculture said information collected so far indicates the discovery of bioengineered wheat growing in an Oregon field in late May appeared to be a “single isolated incident.”
Uncertainty about the origin of unapproved, genetically modified wheat found growing in Oregon is pressuring the U.S. white wheat market more than two weeks after the discovery was revealed.
Australia’s winter crops are forecast to increase by 10 per cent to around 40 million tonnes, with improved conditions for planting across most cropping regions.
Chinese Ministry of Agriculture issued biosafety certificates to three new overseas varieties of genetically modified soybeans, the Xinhua News Agency reported last night.
