Duxton’s Agri Bits and Pieces Vol. 223

QUOTE OF THE WEEK

The model of agricultural production that predominates today is not suitable for the new food security challenges of the 21st century and the need to be more sustainable, inclusive and resilient. This was a point stressed in Director-General José Graziano da Silva’s speech, head of the United Nations Food and Agriculture Organization (FAO), at the International Forum on Agriculture and Climate Change in Paris on February 20 2015:

Since food production is not a sufficient condition for food security, it means that the way we are producing is no longer acceptable. What we are still mostly seeing is a model of production that cannot prevent the degradation of soils and the loss of biodiversity – both of which are essential goods, especially for future generations. This model must be reviewed. We need a paradigm shift.

Read more: http://goo.gl/kKBU4Y

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BEST FARM CONDITIONS IN A GENERATION COULD BOOST LAND PRICES

The outlook for Australian farming, production and markets is the best in more than 30 years, and is raising hopes land prices and transactions will increase, according…

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Duxton’s Agri Bits and Pieces Vol. 222

QUOTE OF THE WEEK

The Business Council of Australia CEO, Jennifer Westacott, has slammed changes to Federal Government rules on foreign investment in agriculture, lowering the threshold for Foreign Investment Review Board scrutiny of purchases of agricultural land to $15 million from $240 million.

Australia has always relied on foreign investment to underpin our economic growth, jobs and way of life. History shows the more open our economy is, the more successful we will be. Looking to the future, around one trillion dollars of investment is needed in our agriculture sector alone through to 2050. We cannot be sure the benefits of the government’s decision will outweigh the costs as no regulatory impact statement has been undertaken.

Read more: http://goo.gl/4RrbEs

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TPP NEEDS MORE THAN A SPOONFUL OF AUSTRALIAN SUGAR

In Washington, a renewed push by a group of bipartisan senators last week will have caught the attention of Australian trade negotiators as they seek to hammer out the final details of the Trans-Pacific Partnership.

The proposed Sugar Reform Act aims to ditch the costly protection of American sugar growers that…

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Vietnam Update – February 2015

ECONOMIC UPDATE

January’s economic indicators exhibited the country’s strong demand ahead of the Lunar New Year (LNY) holidays.

HSBC’s Purchasing Manager Index reached 51.5 in January from 52.7 in December, fuelled by growth of both output and new orders though at a slower pace than seen in the last month. This is in alignment with the rapid expansion of the industrial production index (IIP) which soared 17.5% YoY in January, of which manufacturing industry rose 19.4% YoY led by an upsurge of 46% YoY in manufacturing of smartphones, PCs and other electrical devices . This strong growth of IIP however was also partly attributed to low base of January last year on the effect of Lunar New Year holiday.

January’s Consumer Price Index (CPI) slid 0.2% MoM and the headline inflation settled at a low record of 0.94% YoY1. Of which, transportation experienced the strongest decline of 3.96% on drastic fuel price cuts1. Real retail sales growth reached the 7-year high of 11.9% as domestic consumption is picking up ahead of the LNY holidays on lower energy cost and rising sentiment1.

The country’s trade balance witnessed…

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