Duxton’s Agri Bits and Pieces – Vol. 358

QUOTE OF THE WEEK

This week’s quote of the week comes from Plenty’s CEO Matt Barnard, the vertical farming start-up which is currently at the centre of the largest ag-tech investment in history as it received USD200 million of funding in July.

“Relative to conventional agriculture, Plenty says that it can get as much as 350 times the produce out of a given acre of land, using 1 percent as much water…It is the most efficient in terms of the amount of productive capacity per dollar spent. Period.”

U.S. IMPOSES FINAL DUTIES ON CANADIAN SOFTWOOD TIMBER

The U.S. Commerce Department, accusing Canada of unfairly subsidizing and dumping softwood lumber in the United States, on Thursday set final duties on imports and Canada said it would appeal the decision, which comes during tense NAFTA trade talks.

The duties would impose anti-dumping and anti-subsidy duties affecting about $5.66 billion worth of imports of the key building material, the department said.

The combined final duty rates range from about 10 percent…

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Duxton’s Agri Bits and Pieces – Vol. 357

QUOTE OF THE WEEK
This week’s quote of the week comes from Fonterra NZMP Ingredients General Manager Hamish Gowans, on how Asian consumers are increasingly seeking specific nutritional benefits to support their growing interest in health and active living with the Asian protein ingredients market forecast to grow by 11.5% from 2016 to 2021.

Dairy in particular is an excellent source of high quality protein…markets like Indonesia, Thailand, Vietnam, Singapore, are becoming a bit more sophisticated in terms of the consumer offerings and convenience requirements.”

WINE PRICES EXPECTED TO SHOOT UP AS GLOBAL PRODUCTION DROPS

Global wine production has dropped to the lowest point in decades, with world-wide yields expected to drop a further 8.2% in 2017, following “climate hazards” in many of the main producing countries.

This was the main finding in the latest Global Economic Vitiviniculture report by the International Organisation of Vine and wine (OIV) released this week.

According to the OIV, 2017 world wine production estimated at 246.7 million…

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