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Food and Beverage Agriculture

  • BRASILIA, March 22- Brazil's meatpacking industry has been badly damaged by a police investigation into alleged unsanitary and corrupt practices, and could lose upward of 10 percent of its global market share, Agriculture Minister Blairo Maggi said on Wednesday. Maggi told a Senate Committee that the main concern was with the China and Hong Kong not having...

  • Chickens roam about a cage-free aviary system barn in Lakeview, California.

    Most of US egg supply will become cage-free within a decade, but the egg industry says the economics don’t make sense, Buzzfeed reports.

  • CHICAGO, March 22- U.S. soybean futures weakened on Wednesday, with prospects for bumper harvests in South America and record U.S. plantings weighing on the beaten-down market, traders said. Corn remained under pressure from beneficial crop forecasts for production in Brazil. "Rising forecasts for production in South America, combined with fears of a big...

  • FRANKFURT, March 22- With rivals joining forces all around, Germany's BASF has been eyeing a surprise foray into generic pesticides, although the issue is on hold while it looks to snap up assets being spun off in those mergers. BASF is the only player left among the top six in a global seeds and pesticides market worth over $100 billion that has not paired up with a...

  • CHICAGO— Grain futures were lower Wednesday in early trading on the Chicago Board of Trade. Wheat for May delivery was 2 cents lower at $4.2440 a bushel; May corn was down 1.20 cents at $3.60 a bushel; May oats was down. 40 cent at $2.5320 a bushel while May soybeans lost 4 cents to $9.9740 a bushel. April live cattle was 2.30 cents higher at $1.2220 a pound; March feeder...

  • Princess Anne, The Princess Royal attends the Gatcombe Horse Trials

    The Queen’s daughter has caused division in the agriculture industry after saying that genetically-modified (GM) crops could be beneficial.

  • China crush margins for imported soybeans now negative. Soybeans also fell as supplies remained plentiful, while there were some concerns that poor processing margins could curb demand from top buyer China. The most active wheat contract on the Chicago Board of Trade was down 0.6 percent at $4.24 a bushel at 1151 GMT, while May milling wheat futures in Paris...

  • SINGAPORE, March 22- Chicago wheat slid for a third consecutive session on Wednesday, trading near the previous session's six-week low as forecasts for rain improved the prospects for the U.S. winter crop. The Chicago Board Of Trade most-active wheat contract fell 0.4 percent to $4.25 a bushel by 0255 GMT, having closed down 0.9 percent on Tuesday when prices hit...

  • SYDNEY, March 22- U.S. wheat fell for a third consecutive session on Wednesday, languishing near a six-week low touched in the previous session as weather forecasts called for crop friendly weather across key U.S. producing regions. *The most active wheat futures on the Chicago Board Of Trade fell 0.4 percent to $4.25 a bushel, having closed down 0.8 percent on...

  • Fonterra's 'very strange season'

    Theo Spierings, CEO of Fonterra, says milk production might be differing from usual output trends but higher prices will result in profitability.

  • LAPA, Brazil, March 21- Brazil's federal police and agriculture ministry said late Tuesday that sanitary and corruption problems found in the nation's meatpacking industry were isolated incidents and that the nation's food safety system nationwide was robust. But Hong Kong, Japan, Canada, Mexico and Switzerland all announced partial or all-out bans on...

  • CHICAGO— Grain futures were lower Tuesday in early trading on the Chicago Board of Trade. Wheat for May delivery was 4.60 cents lower at $4.2540 a bushel; May corn was down 2.60 cents at $3.6060 a bushel; May oats was down 2 cents at $2.4860 a bushel while May soybeans lost 3.60 cents to $9.9560 a bushel. April live cattle was. 15 cent lower at $1.1875 a pound; March feeder...

  • PARIS/ SINGAPORE, March 21- Chicago wheat futures fell for a second session in a row on Tuesday as much-needed rain was forecast for crops in the U.S. The Chicago Board of Trade most-active wheat contract was down 0.4 percent at $4.28-1/ 2 a bushel by 1232 GMT after dropping 1.4 percent in the previous session. Corn also fell 0.4 percent to $3.62 a bushel while...

  • BRASILIA, March 21- Brazil's President Michel Temer said on Tuesday that the alarm cause by the discovery of irregularities in meat industry controls was unfounded because very few meatpacking plants were involved.

  • LATUR, India/ NEW DELHI, March 21- Millions of Indian farmers look set to switch from growing pulses and oilseeds after a government campaign to boost output became a victim of its own success by flooding markets with the crops, used in everything from fragrant curries to sticky desserts. Storehouses are overflowing with commodities such as lentils and soybeans...

  • BEIJING— An American business group appealed to China on Tuesday to ease import restrictions on agricultural goods including genetically modified seeds and other biotechnology, highlighting complaints Beijing blocks market access despite its vocal support for free trade. The American Chamber of Commerce in China wants a quicker review of foreign...

  • SINGAPORE, March 21- Chicago wheat futures edged lower on Tuesday, easing for a second session after forecasts of much-needed rains for the winter wheat crop in U.S. *Brazil's Abiove soybean industry association pegged the country's soybean crop, which is being harvested, at 107.3 million tonnes, up from its February forecast of 104.6 million tonnes.

  • China suspended imports of all meat products from Brazil, the world's top beef exporter, as a precautionary measure after inspectors there were accused of taking bribes to allow sales of tainted food. Australia, Argentina and Canada could fill in the gap during the ban, said Mike Zuzolo, president of U.S. brokerage Global Commodity Analytics.

  • BUENOS AIRES, March 20- Argentina's grains transportation sector is projected to receive $1.7 billion in private investment for the 2016-17 period, the country's CIARA-CEC exporters' chamber said on Monday. Argentina is the world's top exporter of soymeal livestock feed, its third biggest supplier of raw soybeans and a major source of wheat and corn for the...

  • CHICAGO, March 20- U.S. wheat futures fell on Monday, led lower by a 1.9 percent drop in K.C. hard red winter wheat amid forecasts for improving weather for crop development in key U.S. growing areas. Chicago Board of Trade May soft red winter wheat futures dropped 6 cents at $4.30-1/ 4 a bushel. Plains, was down 8-1/ 4 cents at $4.45-1/ 4 a bushel.