Duxton’s Agri Bits and Pieces Vol. 279

QUOTE OF THE WEEK

This week’s quote comes from the chapter Productivity Growth and Yields in the Global Crops Sector in the book Global Change and the Challenges of Sustainably Feeding a Growing Planet. The quote demonstrates the importance of technological development and continued innovation in the agricultural sphere in order to reach the dual global goal of food security and environmental conservation.

“The most important accomplishment of global agriculture over the past 50 years has been the remarkable increase in crop productivity —more specifically crop yields… If this feat can be repeated in the next 50 years, then prospects are favourable for improving food security while limiting cropland incursion into environmentally sensitive areas.”

Read more: http://goo.gl/JgmoCi


CHINA TO END STATE CORN STOCKPILING AMID GLUT, XINHUA SAYS

China will end its state corn stockpiling program this year, replacing it with other subsidies, amid surging reserves in the world’s second-biggest grower, the official Xinhua News Agency reported.

The government will encourage state and private firms to buy corn at market prices and offer credit support to farmers, Xinhua reported late Monday, citing a press briefing by the National Development…

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Vietnam Update – Feb 2016

ECONOMIC UPDATE

The Vietnamese economic data was posted with better than expected trade balance in February.

Nikkei’s Purchasing Manager Index (PMI) stood at 50.3 in February, down from 51.5 January, fueled by growth of both output and new orders though at a slower pace than seen in the last month and the decrement in prices due to lower input costs. Meanwhile, the Industrial Production Index increased moderately by 6.6% YoY in February, of which manufacturing registered the fast growth of 8.5% YoY1.

February’s Consumer Price Index (CPI) rose 0.42% MoM and the headline inflation settled at 1.27% YoY5. Much of the increase was attributed to the pickup of 1.98% MoM in food and foodstuffs and 0.71% MoM in culture, sport and entertainment, while transportation basket dropped 3.96% MoM on drastic fuel price cuts. Domestic consumption remained firm in February as nominal retail sales rallied 9.7% YoY and real retail sales grew 8.3% YoY5.

Trade balance in February registered a surplus of USD 100 million, widening YTD trade surplus to USD 856 million5. Export rose…

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Duxton’s Agri Bits and Pieces Vol. 278

QUOTE OF THE WEEK

Addressing global food security is a top priority for policy-makers. However, as demonstrated by this week’s quote from the FAO’s report The State of Food Insecurity in the World, filling the food gap is complex. Whilst some countries are faced with an excess supply of food, other countries are faced with crises.

“In 1990, only 12 countries in Africa were facing food crises, of which only four were in protracted crises. Just 20 years later, a total of 24 countries were experiencing food crises, with 19 in crisis for eight or more of the previous ten years.”

Read more: http://goo.gl/HxsF3V


MEGATRENDS IN AGRICULTURE WILL ‘CREATE CHALLENGES AS WELL AS OPPORTUNITIES’

There are five “megatrends” that will influence Australian agriculture over the next 20 years, according to the CSIRO.

Research director for Agriculture and Global Change Daniel Walker said the trends would impact at global, national and local levels, creating both opportunities and challenges for small and large farm businesses.

“They will have an impact on rural lifestyles and agricultural landscapes,” he said in Shepparton at a dairy conference recently.

The trends cited by Dr Walker were:

A…

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