Ag Trends and Outlook

Mills in China have used up their 2.88 million ton U.S. corn quotas for 2013 and are turning to sorghum for the balance of the year.

Fonterra announces the next step the company is taking toward producing one billion liters of milk in China by 2020.

Ivory Coast, the country with AfricaÕs largest palm oil refinery is looking to double production by 2020.

Kangaroo meat is gaining ground especially in the EU and Russia to meet the demand for lean, supplement-free meat.

According to Rabobank Scandinavian dairy co-op Arla is now ranked as the 7th largest dairy business in the world.

The chairman of the California Independent Handlers Coalition expects wholesale prices of walnuts to be 20%-30% higher.

According to Farm Credit Canada Canadian farmland prices have increased an average of 12% per year since 2008.

The third quarter Rabobank poultry report reveals improving conditions for the global poultry market.

Value added dairy products are expected to see a compounded annual growth rate between 20%-30% in India in the next five years.

Kimberly Agricultural Investments (KAI) has already cleared 900 hectares since being approved by the Australian government in May.