Food and Beverage Agriculture

  • Tuscan bread is topped with fresh olive oil for a taste during the harvesting of olives at the Castello La Leccia estate on in Castellina in Chianti (Siena), Italy

    Olive oil prices may have softened this year after a stellar 2015, but one analyst isn't expecting a sudden plunge.

  • CHICAGO— Grain futures were mixed Thursday in early trading on the Chicago Board of Trade. Wheat for Sept. delivery was. 50 cent higher at $4.0460 a bushel; Sept. corn was. 50 cent lower at $3.27 bushel; Sept. oats was unchanged at $1.6920 a bushel; while Sept. soybeans lost 12.50 cents to $10.18 a bushel. August live cattle was. 05 cent higher at $1.1278 a pound; August feeder...

  • ABU DHABI/ CAIRO, Aug 25- The minister responsible for food subsidies in Egypt, the world's biggest wheat importer, resigned on Thursday amid a high profile corruption probe. In July, Egypt launched an inquiry into whether millions of dollars intended to subsidise farmers were used to purchase wheat that did not exist. *February 2014: Khaled Hanafi is appointed...

  • ABU DHABI/ CAIRO, Aug 25- The minister responsible for food subsidies in Egypt, the world's biggest wheat importer, resigned on Thursday amid a high profile corruption probe. In July, Egypt launched an inquiry into whether millions of dollars intended to subsidise farmers were used to purchase wheat that did not exist. *February 2014: Khaled Hanafi is appointed...

  • ABU DHABI/ CAIRO, Aug 25- The minister responsible for food subsidies in Egypt, the world's biggest wheat importer, resigned on Thursday amid a high profile corruption probe. In July, Egypt launched an inquiry into whether millions of dollars intended to subsidize farmers were used to purchase wheat that did not exist. *February 2014: Khaled Hanafi is appointed...

  • ABU DHABI/ CAIRO, Aug 25- The minister responsible for food subsidies in Egypt, the world's biggest wheat importer, resigned on Thursday amid a high profile corruption probe. In July, Egypt launched an inquiry into whether millions of dollars intended to subsidize farmers were used to purchase wheat that did not exist. *February 2014: Khaled Hanafi is appointed...

  • *Russia sends wheat to markets dominated by U.S., EU. *Russia opens way for wheat exports to Indonesia. MOSCOW, Aug 25- Russia is muscling in on the markets of its European and North American competitors as it overtakes the European Union to become the world's biggest wheat exporter for the first time.

  • CAIRO/ ABU DHABI, Aug 25- Egyptian Minister of Supply Khaled Hanafi resigned from his post on Thursday, the highest level fallout from a corruption probe into whether millions of dollars intended to subsidize farmers were used to purchase wheat that did not exist. "I announce leaving my post so that the state can choose who will bear and continue this path of giving,"...

  • NEW DELHI, Aug 25- A government panel has cleared commercial use of what would be India's first genetically modified food crop, but politicians still have to give final approvals amid wide-spread public opposition. The news of the technical approval comes when U.S. seed maker Monsanto- which dominates the GM cotton market in India- faces heightened government...

  • Open interest in Dalian corn futures, a measure of liquidity in a contract, hit an all-time high of 2.84 million lots on Thursday, equivalent to 28.3 million tonnes of grain worth 48.1 billion yuan and about 13 percent of China's new harvest. The rapid inflow of cash into one of Dalian's biggest contracts measured by open interest highlights uncertainty about...

  • NEW DELHI, Aug 25- A government panel has cleared commercial use of what would be India's first genetically modified food crop, but politicians still have to give final approvals amid wide-spread public opposition. News of the approval comes when U.S. seed maker Monsanto- which dominates the GM cotton market in India- faces heightened government regulation...

  • NEW DELHI, Aug 25- A government panel has cleared commercial use of what would be India's first genetically modified food crop, but the political establishment will still have to give final approvals amid wide-spread public opposition to the technology. News of the approval comes at a time when U.S. seed maker Monsanto- which dominates the GM cotton market in...

  • Olive oil prices soften as production increases

    Loraine Hudson, market analyst at Mintec Ltd., discusses the movement in olive oil prices and says Spain is the largest producer of olive oil.

  • *Letter marks escalation in long-running feud with India. NEW DELHI, Aug 25- Monsanto Co has withdrawn an application seeking approval for its next generation of genetically modified cotton seeds in India, a major escalation in a long-running dispute between New Delhi and the world's biggest seed maker. A letter sent by Monsanto's local partner in India, the...

  • Hurricane whips palm trees

    Not all commodities will ride the wave of recovery into 2017; palm oil prices are set to buck the trend.

  • SINGAPORE, Aug 25- Chicago soybean futures lost more ground on Thursday, falling for a third consecutive session with pressure from a widely watched crop tour reporting bumper crop prospects across the U.S. *Corn won additional support from a USDA report that said private exporters sold 101,600 tonnes of U.S. corn to unknown destinations for 2016/ 17 delivery.

  • OTTAWA, Aug 24- Canada hardened its line with China on Wednesday in a dispute over Canadian canola exports, saying bilateral relations could not improve until Beijing took action to settle the matter. China says that starting on Sept. 1, it will toughen its inspection standard for canola over concerns about the crop disease blackleg, threatening C $2 billion in...

  • U.S. government to buy $20M in surplus cheese

    The USDA is to donate surplus to food banks and pantries, CNBC's Eric Chemi reports.

  • Midwest Crop Tour scouted impressive crops in central Illinois, following its observation a day earlier of above-average soybean pod counts in Nebraska and Indiana. U.S. soybeans benefit from strong demand, due to production shortfalls in South America, "but we're still going to have a big crop," said Bill Gary, president of Commodity Information Systems in...

  • The annual four-day Pro Farmer Midwest Crop Tour late on Tuesday reported above-average soybean pod counts in Nebraska and Indiana. U.S. soybeans benefit from strong demand, due to production shortfalls in South America, "but we're still going to have a big crop," said Bill Gary, president of Commodity Information Systems in Oklahoma City. Most-active November...