Duxton’s Agri Bits and Pieces Vol. 175

QUOTE OF THE WEEK

One of the nation’s most powerful agricultural industry executives wants urgent action to address soaring energy prices, fearing they will “continue to go up dramatically” and threaten Australia’s international competitiveness as a supplier of raw commodities and food products:

“I am very worried about energy. Energy costs for our network have gone up dramatically. I look forward with real concern that they could continue to go up dramatically,” she told The Australian Newspaper.

“I am not sure how the energy picture in Australia will play out. From what I see today, it isn’t clear to me that we are going to solve the problem . . . It is a difficult issue. There are a lot of stakeholders. I don’t want to underplay the complexity of it, but it would be nice to see some more action.”

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ENERGY PRICES IN AGRICULTURE – AUSTRALIAN CARGILL CHIEF TELLS IT STRAIGHT

Cargill Australia managing director Philippa Purser declared that energy prices were currently her biggest concern and said the industry, the public and the government all needed to work together to find a…

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Duxton’s Agri Bits and Pieces Vol. 174

QUOTE OF THE WEEK

Everything we have for breakfast is up,” said Abdolreza Abbassian at the UN Food and Agriculture Organisation of the increases of coffee, orange juice, wheat, sugar, milk, butter, cocoa and pork. “This has all happened unexpectedly but shows how quickly things can change.”

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RISING COST OF BREAKFAST LEAVES A BITTER TASTE

A visit to a New York diner for an all-American breakfast, or to one of London’s “greasy spoons” for a full English, will soon leave you short of change. Unusual weather and the crisis in Ukraine and disease are among the reasons why prices for commodities ranging from coffee to pork and wheat led to prices of eight key breakfast commodities rising on average almost 25 per cent this year, fuelling consumer fears of food inflation.

Coffee has soared more than 70 per cent because of unseasonably dry weather in Brazil, while US pigs have been hit by a virus epidemic, leading to a more than 40 per cent rally in Chicago pork prices. Wheat prices have been hit by political uncertainties. After edging higher because of…

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Duxton’s Agri Bits and Pieces Vol. 173

QUOTE OF THE WEEK

Glencore downplayed the threat to its agriculture business from the Ukraine turmoil even as Russia appeared to reduce the risk of confrontation, putting the brakes on the wheat price rally.

Ivan Glasenberg, chief executive at the copper-to-canola commodities giant, said that while it was “hard to say right now” what the implications were of the march of Russian troops into Crimea in southern Ukraine, the group’s agriculture business in the country was “not major”.

“Exactly the ramifications, how it affects us, we’ve got to monitor,” Mr Glasenberg told investors.

“On the grain side… it’s a small part of our business. We don’t have large assets in the Ukraine. It’s not a large part of our book.”

http://goo.gl/OxKjnx

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JAPAN: NO COUNTRY FOR OLD FARMERS AS 7-ELEVEN TAKES PLOW

Old Japanese farmers are putting down their plows and farm output is falling significantly. Agricultural land in Japan has shrank 36 percent over the past five decades; and a typical farmer today is a man in his mid 60s whose heirs have abandoned rural industry.

These are the factors which have led Prime Minister…

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