France to be World’s Top Wine Producer Despite Fall in Exports
France is set to outpace Italy to become the world’s top wine producer by volume as adverse weather caused a 15% drop in production in Italy. As a result Italy will see its smallest wine production since 1950, producing 41 million hectoliters. France will produce 45 million hectoliters – up from 42 million last year. In July, total r
Read moreBrazil Expands Tax Credit to Ethanol, Sugar Exports
With Brazilian presidential elections quickly approaching on October 5th, the Brazilian government has announced it is expanding a tax credit for the country’s sugar and ethanol producers in an effort to spark demand. Both industries will immediately be considered to be under the Reintegra program under which they will receive a tax credit
Read moreForget Iron. Australian Miners Start Selling Cattle in China
China’s demand for minerals and ores has slumped as the economy cools and Australian mining companies are looking toward cattle as the next big export. Consumption of beef in China could increase by 70% by 2030 according to a report by ANZ Bank and China’s domestic industry doesn’t have the ability to meet that demand. Seventy five p
Read moreRussia May Exchange Grain Worth $500 Million for Iranian Oil
Russia is in talks with Iran to create an exchange of $500 million worth of Russian wheat for Iranian oil in a move to circumvent sanctions placed against both countries – against Russia for the Ukrainian crisis and against Iran for its nuclear program. United Grain Company – Russia’s state-controlled grain trader has stated
Read morePalm Kernel Oil to Coconut Oil Exports are Seen Advancing
Exports of both coconut oil and palm kernel oil are expected to climb in 2014/15 to 5.4 million tons from 5.01 million tons in 2013/14 according to Oil World. Coconut oil production in the Philippines is set to climb to 1.34 million tons – up from a decreased 1.22 million tons in 2013/14 due to damage from typhoon Haiyan which damaged 33 m
Read moreAustralian Agriculture Seen Luring Foreign Buyers on Demand
Foreign countries, notably countries outside of China, are looking to secure assets in Australia’s agricultural sector as demand for food continues to rise. The wave of interest is further spurring concern over foreign ownership of land within the country. Approximately 87.5% of agricultural land in the country is Australian-owned with l
Read moreNigeria Nurtures its Once-Unloved Cocoa Industry as Prices Flourish
When commodity prices crashed in the 1980’s and the country’s oil industry took investments away from the agricultural sector, Nigerians migrated to the cities in search of other work. But Nigeria’s economy lost diversity from focusing too intently upon oil which didn’t employ many of its people. These developments prompted the Niger
Read moreSoaring Brazil Farmland Market ‘Slowing’
In less than four years land buyers in Brazil’s north east region have doubled their money, however, there are indicators that the market is slowing. A valuation of BrasilAgro’s land portfolio conducted by Deloitte Touche Tomatsu set a value of R$1.29 billion at the end of June – up 60% from the previous valuation completed at the end
Read morePalm Oil Stockpiles Seen Jumping Most in Two Years in Malaysia
Palm oil stockpiles in Malaysia, the world’s second biggest producer after Indonesia, climbed 16% in August to reach 1.95 million tons from 1.68 million tons in July according to data compiled by Bloomberg. This increase – the biggest since September 2012, puts inventories at their highest since December. Production increased 13% and h
Read moreIndonesia to Remain World’s Top Palm Oil Producer Until 2020
Indonesia is expected to keep its ranking as the world’s number one palm oil producing country. Palm oil production is expected to increase 7.8% on average per year between 2011 and 2020, outpacing Malaysia’s projected growth rate of 2.7% and the overall global growth rate of 5.9% according to Frost & Sullivan. Driving th
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