Duxton’s Agri Bits and Pieces – Vol. 336

QUOTE OF THE WEEK

This week’s quote of the week comes from Bendigo Bank and Adelaide’s Rural Bank publication Australian Farmland Values 2016, regarding the surging farmland values across Australia.

The national median farmland price increased by 9.3% in 2016. This follows a 5.3% increase in 2015 and a 6.8% increase in 2014…Favourable seasonal conditions in the second half of 2016, combined with strong beef, lamb and wool prices drove land values higher on the east coast of Australia…In all states, the median price has trended higher over the past decade with average annual growth exceeding 3% in most states.”

FARMING THE WORLD: CHINA’S EPIC RACE TO AVOID A FOOD CRISIS

China’s 1.4 billion people are building up an appetite that is changing the way the world grows and sells food. The Chinese diet is becoming more like that of the average American, forcing companies to scour the planet for everything from bacon to bananas.

But China’s efforts to buy or…

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Duxton’s Agri Bits and Pieces – Vol. 335

QUOTE OF THE WEEK

This week’s quote of the week comes from the United States Department of Agriculture updated World Markets and Trade Grain forecast.

For 2017/18, global corn production is projected down from last year’s record duet largely to smaller crops in the United States and China. Global consumption outpaces production as demand expands…global trade is forecast higher boosted by expectations of strong demand growth” “Global wheat production is forecast lower than last year’s record…Global trade is projected above last year’s record due to large carryin supplies.”

SLAUGHTER OF AFRICA’S DONKEYS FOR CHINA HURTS POOREST FARMERS

When the impoverished West African nation of Niger imposed a ban on donkey exports last year, a small community of traders just over the border in Nigeria was devastated.

Donkeys are being slaughtered at an alarming pace to feed a global trade in donkey hides that’s fuelled by soaring demand in China, where the skins are used to manufacture…

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Duxton’s Agri Bits and Pieces – Vol. 334

QUOTE OF THE WEEK

This week’s quote of the week comes from Profarmer grain analyst Angus Thornton in relation to surging wheat futures on the Chicago Board of Trade, where prices reached a peak of $225/t in response to severe blizzards that blanketed Kansas.

“News of the blizzard came at a time when speculators in the market held record short positions – meaning they were betting prices would decline…because things have been so quiet for a while, there’s a tendency for the market to get a bit excited…early last week, traders get nervous and moved to cover up their short positions. That drove up the price. In reality it is still too early to tell what damage the blizzard will cause”

GLOBAL DAIRY PRICE RECOVERY BACK ON TRACK AFTER FOURTH STRAIGHT RISE

Global dairy prices rose on Wednesday for the fourth international auction in a row, a strong indicator that last year’s…

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