The North Australian Pastoral Company (NAPCo) announced it has named Stephen Thompson as its new chief executive officer effective September 12. Thompson will succeed Nigel Alexander who has served as CEO for the company for the past 20 years. The announcement comes only months after Queensland Investment Corporation (QIC), the $78.5 billion investment arm of […]
Update: China Updates Zika Requirements, Could Make Some Exemptions On August 3 China added the U.S. to a list of countries that would be required to guarantee that their cargo is mosquito-free after cases of Zika started to increase. The exact guidelines on how to fulfill these requirements were unclear however, posing challenges to U.S. […]
Australian farmgate milk prices have dropped to an unprecedented low in wake of the global oversupply, forcing many dairy farmers to reduce production levels and reassess their business plans. Leading Australian milk processor Murray Goulburn has reduced its price for the next season by more than 10 percent to A$4.31 a kilogram for milk solids […]
In recent years, Brazil stopped being one of the most exciting countries in the news, in terms of GDP growth and has become a risky and doubtful place for the international market opinion. This change was very clear when The Economist published in 2009 the famous cover “Brazil takes off” where Christ the Redeemer launches […]
A $23 billion half cash/half stock bid by Mondelez to take over chocolate rival, Hershey, has been rejected. Had the deal been successfully closed, it would have united the two candy giants that combined, have a market value of $90 billion, reports the Wall Street Journal. The merger of two of the world’s top five candy makers […]
Panama’s President Juan Carlos Varela and Panama Canal Administrator and CEO Jorge L. Quijano oversaw the official inauguration ceremony marking the opening of the expanded Panama Canal on June 26. The $5.4 billion project is the largest expansion to the canal since its construction in 1914. After ten years, the project was completed two years behind […]
Only days before Vermont’s law calling for the mandatory labeling of GMOs is scheduled to become effective, the U.S. Senate Agriculture, Nutrition, and Forestry Committee has reached a bipartisan agreement on a national GMO labeling bill. The bill, which could pre-empt Vermont’s law that will take effect on July 1, was jointly announced by Senator […]
Earlier this year, GAI News examined how a potential Brexit could affect UK agriculture and on June 23, in a historic vote, the UK decided to leave the European Union, with a 51.9% vote in favor of the decision. Strong reactions from global markets have seen the British pound (£) drop to the lowest value […]
Minera Catania Verde, a Chinese mining company operating in Chile, has recently repurposed 35 hectares of land for the production of permanent crops, with another 650 hectares in the pipeline. Having previously acquired the land and water rights to the 700 hectare plot for the mining business, the company’s leadership sees the switch to a […]
Advances in virtual fencing (VF) technology could lead to a commercially viable product being made available to farmers in 2017 using the phone app eShepherd developed by Australian agtech company Agersens. The start-up company has an exclusive license to Commonwealth Scientific and Industrial Research Organization (CSIRO) patents in this area. The app enables a farmer […]
