Tag Archives | trade

Mozambique: Government to Set Up Mercantile Exchange

Mozambique is creating a system for mercantile exchange, focusing on agriculture trading. The system will hopefully overcome the current unorganized sales of surplus agriculture over the border. Additionally, access to a systemized market will help counteract the high PHL and lack of financing for agricultural marketing within the African country. http://allafrica.com/stories/201209060133.html

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Rs 15 bn Required for Uplift of Agri Sector: Member Export ICCI

Pakistan’s PHL losses are between 40-80%, as compared to that of the global benchmark. Wheat is 20% lower and non-basmati rice is 40% lower. Experts are estimating that 15 billion rupees are required to uplift the agricultural sector. http://www.onepakistan.com/finance/news/general/10220-rs-15-bn-required-for-uplift-of-agri-sector-member-export-icci.html

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2012 APEC Ministerial Meeting on Food Security

The 2012 APEC Ministerial Meeting on Food Security made a declaration on APEC Food Security, addressing PHLs through investment, adopting technologies, engaging farmers, creating better management practices, and improving infrastructure and logistical support. http://www.apec.org/~/link.aspx?_id=677DAF23C1FE4A11BE254069DAC8072A&_z=z

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The New Economics of Food

“The New Economics of Food” outlines the importance of markets, trade, and private investment to food security and PHL reduction, highlighting the roles of the ADM Institute, Bill Gates Foundation, and the Global Harvest Initiative. http://savethefloor.com/savethefloor/the-new-economics-of-food/

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Russia Seeks ‘Foothold’ in Asian Wheat Market to Rival U.S.

Russia is planning to create a “Far East grain corridor” to compete with US and Australian grain production as part of its goal to become the world’s third largest wheat shipper. The Russian Grain Union is hosting a conference to “attract interest to the agro-industrial sector of Siberia and Far East, modernization of storage, processing […]

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Record Wheat Stocks Offset South American Drought

Despite the severe drought in South America, world wheat stocks have grown to record amounts this year, corn stocks are larger than expected, and India will also have a record rice crop. Brazil and Argentina both have lowered soybean harvest forecasts, both 2 million tonnes lower than the January estimate, thus bolstering US sales. http://www.canadiancattlemen.ca/news/record-wheat-stocks-offset-south-american-drought/1000894325/

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Kenya will Receive 691 million U.S. Dollars for the Next Financial Year

According to the agricultural ministry, Kenya will receive 691 million U.S. dollars for the next financial year to accelerate the country’s agricultural output. The goal is to increase capacity of farmers, enabling more domestic food production despite drought seasons, avoiding the need to import food.  

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Kazakhstan Faces Grain Storage Problem

Kazakhstan had a record grain harvest of 29.7 million tonnes and is now facing issues of where to store it, how to transport it, and to whom to sell it. Experts are predicting between 10-13% loss to occur. Trucks to transport grain are at half the needed amount, while storage facilities will be able to […]

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Yuletide: 11 Rice-laden Ships Berth at Lagos Ports

Rice is being imported through the Lagos Port in Nigeria, as the nation’s ban on international over-land trade continues, due to the large amount of smuggling and corrupt business transactions. Eleven ships of rice arrived with 240,276 metric tonnes of rice, a high number due to the unstable supply by Nigerian farmers, which have been affected […]

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US Embargo Caused Over US$104 Billion Direct Economic Damages to Cuba

The UN General Assembly Resolution 65/6 finds that the U.S. blockade on Cuban products has severely limited the development of agriculture on the island, as well as prevented the improvement of logistics activities such as collection, postharvest treatment, and distribution. This blockade has caused Cuba to heavily rely on imports from the US., which it […]

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