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Agriculture & Softs Commodity News | Commodities News – Wheat, Corn, Coffee

Pricey food to fuel fertiliser boom

Oslo, 31 March 2011

Norway's Yara International ASA , the world's top supplier of crop nutrients, said the global fertiliser market is set to remain demand-driven for some time to come, reflecting record high food prices. Chief Executive Joergen Haslestad told Reuters that even as prices of urea-based fertiliser fell in the seasonally weak first quarter, other nitrate fertilisers and NPK (nitrogen, phosphorus and potassium) have remained surprisingly strong.

Read more: Pricey food to fuel fertiliser boom

China Likely Buyer of US Corn

New York, 25 March 2011:

Morgan Stanley believe today's USDA announcement of 1.25 mln MT of corn sold to "unknown" export partners represents Chinese buying. After a week of unconfirmed speculation over Chinese purchases of US corn, and despite denials by Sinograin, Morgan Stanley believe that today's announcement provides confirmation, matching our expectations of size and timing.

Read more: China Likely Buyer of US Corn

Russia to consider lifting grain export ban Sept-Oct

Moscow, 25 March 2011: Reuters

Russian officials will consider lifting the grain export ban after the size of this year's harvest is known in late September or October, Agriculture Minister Yelena Skrynnik told journalists on Friday.

Read more: Russia to consider lifting grain export ban Sept-Oct

The rumor won't die: Did China buy US corn?

Chicago, 25 March 2011: Reuters

As one of the last great bastions of open-outcry trading, the Chicago grain market pits are among the most efficient at processing rumors, with traders quickly separating the likely from the farfetched. But despite official denials from Beijing and the absence of confirmation from the U.S. government, rumors of a fresh round of big Chinese corn imports from the United States have failed to fade even a week later, an eternity in market time.

Read more: The rumor won't die: Did China buy US corn?

Global wheat production to increase in 2011

Rome, 23 March 2011

Commodities Now: FAO's first forecast for world wheat production in 2011 stands at 676 million tonnes, representing a growth of 3.4 percent from 2010, the March 2011 edition of the Crop Prospects and Food Situation report said today. This level would still be below the bumper harvests in 2008 and 2009.

Read more: Global wheat production to increase in 2011

New Book from the ICAC

London, 16 March 2011

Six years after the publication of the book Cotton Facts, the ICAC has published a new book called Cotton: Technology for the 21st Century.

Read more: New Book from the ICAC

Costa Rica coffee growers eye carbon neutral profits

San Hose, 16 March 2011

A group of Costa Rican coffee growers is marketing the world's first certified carbon-neutral coffee in a bid to cash in with environmentally conscious consumers.

Read more: Costa Rica coffee growers eye carbon neutral profits

Record food prices to spur planting, investment

Singapore, 16 March 2011

Farmers will sow more acres and pour more funds into agriculture this year to boost yields across the top producer nations as record high food prices jolt markets and send buyers scurrying for supplies. While crops in top grain exporter the United States will battle for acres in the upcoming spring planting season, the developing world is expected to deploy resources to expand agriculture and improve stagnating productivity.

Read more: Record food prices to spur planting, investment

FAO urges increase in agricultural investments

Abu Dhabi, 15 March 2011

FAO Director-General Jacques Diouf today reiterated his call for greater investment in agriculture, using the example of the United Arab Emirates (UAE) investments in date palm development, a program that has made it the seventh date producer in the world, with 6 percent of global date production.

Read more: FAO urges increase in agricultural investments

Ethanol producers should beware of rising stocks

Chicago, 10 March 2011

The recent slump in corn prices has helped U.S. ethanol producer margins rebound from their recent plunge into negative territory, and has prompted ethanol manufacturers to snap their recent five-week streak of declining production. However, sluggish off-take levels have led to a rise ethanol inventories to their highest level in eight months, and reveal a lingering threat to ethanol market fundamentals that may limit a further recovery in producer margins over the near term.

Read more: Ethanol producers should beware of rising stocks