Duxton’s Agri Bits and Pieces Vol. 249

QUOTE OF THE WEEK

This week’s quote comes from the World Resources Institute’s Water and explains how vital reliable, clean water supplies are for agriculture, industry and energy production.

“The world runs on water. Every community and ecosystem on Earth depends on water for sanitation, hygiene, and daily survival. Globally, 70 percent of freshwater use is for agriculture, 22 percent for industry, and 8 percent for domestic activities.”

Read more: http://goo.gl/BLvE2O

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FIRST STATE SUPER PAYS $150M FOR SELECT HARVESTS ALMOND FARMLAND

The $53 billion First State Super has made its first agricultural investment in Australia buying more than $150 million worth of almond plantations across three states from listed agriculture company Select Harvests.

First State Super’s chief investment officer Richard Brandweiner said the super fund’s purchase, aside from achieving a solid return, was about increasing its exposure to agriculture investments that helped “define the country”.

“We are mindful of the implications of how we deploy capital, and to be able to deploy capital in a way that will boost productivity and support one of Australia’s strongest growing exports is very pleasing to us,” he told…

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Vietnam Update – Aug 2015

ECONOMIC UPDATE

Vietnam’s manufacturing sector maintained growth momentum amid rising domestic consumption.

Vietnam’s manufacturing sector continued to improve solidly as Nikkei’s Purchasing Manager Index posted 52.6 in July, a slight increase from 52.2 in June, on the back of sharper expansion in output, new orders and employment. The Industrial Production Index also exhibited a consistent signal with an expansion of 9.9% YoY, much higher than the growth of 6.2% during the same period last year1.

Consumer Price Index (CPI) inched up marginally 0.13% MoM or 0.9% YoY in July on the slight increase in prices of most categories, which offset against further pump price cuts1. The headline inflation is expected to be lower next month due to the likelihood of more pump price cuts, coupled with the slow season of consumption and construction during the seventh month of the lunar calendar as well as the coming of the rainy season. Domestic consumption, on the other hand, has pointed out a clear recovery to mark the seventh consecutive month of growth, standing at 9.9% YoY1 .

Trade balance recorded…

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Duxton’s Agri Bits and Pieces Vol. 248

QUOTE OF THE WEEK

This week’s quote comes from the World Food Programme’s (WFP) Publication Towards a World with Zero Hunger and demonstrates the need for the continual development of the agricultural sector to provide food and guarantee food security for the global population.

“Between 1992 and 2014, the number of hungry people in developing regions fell by over 200 million…Still, 795 million people remain chronically undernourished, spurring the need for renewed efforts to break the inter-generational cycle of hunger and food insecurity.”

Read Towards a World with Zero Hunger: http://goo.gl/dR36NM

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FARMING IN CALIFORNIA ‘MAY NEVER BE THE SAME AGAIN’ SAY INVESTORS

California farms and ranches provide half of the US’ fruit and vegetable supply, and nearly 100 percent of many crops including peaches, plums, artichokes, broccoli and even rice.

Thus the general public and agri investors are increasingly worried about the ramifications of the crippling drought the state has endured for more than four years. The California Department of Food and Agriculture estimates the losses to agriculture businesses will hit $2.7 billion in 2015. Earlier this year, Governor Jerry Brown issued mandatory water…

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