Duxton’s Agri Bits and Pieces – Vol. 352

QUOTE OF THE WEEK

This week’s quote of the week comes from the USDA’s Foreign Agricultural Service report on the global raisin production which is forecast to ease 2% to 1.2 million tons.

Modest gains in China are more than offset by lower output in Turkey, United States and Iran. As a result of reduced available supplies, total ending stocks are expected to plunge 22% to 84,000 tons, an 8-year low. Global exports are forecast unchanged at 779,000 tons, as lower shipments from Turkey and the United States are offset by Argentina, Iran and Afghanistan.”

EUROPEAN COURT BACKS ITALIAN FARMER WHO PLANTED GM CROPS AGAINST NATIONAL LAWS

The European court has said member states do not have the right to ban genetically modified crops without substantial evidence. Italy had prosecuted the farmer for cultivating GM corn, citing human health hazards.

Italy prohibited the cultivation of genetically modified corn through a ministerial decree in 2013 and prosecuted several farmers. The Italian government issued…

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Duxton’s Agri Bits and Pieces – Vol. 351

QUOTE OF THE WEEK

This week’s quote of the week comes from Bloomberg’s Max Baucus, on the U.S. losing ground to global rivals in the Asian agricultural trade

“In what remains the “breadbasket of the world,” U.S. farmers export half of all major commodities they grow contributing to a projected trade surplus of $20 billion this year alone…

However, American agricultural trade is facing risks not seen in a generation. Public attitudes toward trade agreements have shifted as protectionist sentiment has grown. Threats of tariffs on U.S. trading patterns invite the spectre of retaliation. Meanwhile, our competitors plot to assume the mantle of global supplier the U.S. has long occupied….

The U.S. currently does not have a single ongoing trade negotiation that gives our farmers access to the rapidly growing Asian market. Our absence in Asia means that China is quickly moving into the void with its own trade deals that outflank U.S. agricultural producers… According to the National Cattlemen’s Beef Association, as of this week, the U.S. has now lost out…

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Duxton’s Agri Bits and Pieces – Vol. 350

QUOTE OF THE WEEK

This week’s quote of the week comes from Bloomberg’s Alan Bjerga, on Hurricane Irma’s impact upon Florida’s the agricultural community.

“Hurricane Irma is threatening to wreak havoc on Florida farmlands, menacing $1.2 billion worth of production in the top U.S. grower of fresh tomatoes, oranges, green beans, cucumbers, squash and sugarcane…Though it’s economy long ago diversified from its rural roots, Florida still has a huge influence on American grocery stores as the second producer grower. The state accounts for almost 10 percent of the nation’s land dedicated to fresh fruits and vegetables. The storm threat has pushed orange-juice futures and domestic-sugar prices higher this week.”

AGRICULTURE NOW LARGEST CONTRIBUTOR TO NATIONAL (AUSTRALIAN) GDP GROWTH

Australian agriculture has emerged as the fastest growing sector and the largest contributor to national GDP growth in 2016-17, cementing its position as one of the economic powerhouses driving the nation.

Deputy Prime Minister and Minister for Agriculture and Water Resources, Barnaby Joyce, said…

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