Agricultural Producers
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How the agriculture business may perform this summer, with Brian Stutland of Stutland Volatility Group.
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JAKARTA, May 10- The president of Indonesia, home to the world's third-largest tropical forests and a powerful palm oil industry, has agreed to extend a ban on forest clearing, a government official said on Friday.
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*Senate committee to debate immigation bill on Thursday. WASHINGTON, May 8- Foreign workers could gain visas for year-round work in U.S. meat processing plants under a proposal by the meat industry and the meatpackers union for immigration reform designed to create a steady supply of workers for slaughterhouses.
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SINGAPORE, May 8- Singapore palm oil firm Wilmar International Ltd reported a 23 percent rise in first-quarter net profit on Wednesday, largely due to a recovery in its oilseeds and grains segment.
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*Quarterly adjusted profit $0.36/ shr vs Street view $0.45/ shr. *Sales rise to $8.42 bln vs analysts' view of $8.58 bln. May 6- Tyson Foods Inc, the largest U.S. meat processor, reported a weaker-than-expected quarterly profit as shoppers and restaurants switched to cheaper chicken from beef, and the company cut its full-year sales forecast.
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*Mewah, Wilmar lead palm oil charge to Iran. KUALA LUMPUR, April 29- Iran is having to pay a premium for basic foodstuffs such as cooking oil, highlighting the increasing strain on Tehran from Western sanctions aimed at its disputed nuclear programme, even though the sanctions don't cover food.
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April 9- Agribusiness company Cargill Inc said on Tuesday that quarterly earnings fell 42 percent as a historic U.S. drought pressured its meat processing operations.
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April 9- Agribusiness company Cargill Inc said on Tuesday that quarterly earnings fell 42 percent as a U.S. drought pressured its meat processing operations.
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*Brazil, Thai mills operating at near production cost. *Brazil cane area up, Russian beet acreage seen down. LONDON, April 4- Top sugar exporters Brazil and Thailand are raising production to cut costs in an effective price war, aggravating an already heavily oversupplied global market as values slide to the lowest levels in over 2-1/ 2 years.
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CHICAGO, April 3- BBQ fans, brace yourselves: "Pork butt" will soon be a thing of the past. The revised nomenclature emerged after two years of consumer research, which found that the labels on packages of fresh cuts of pork and beef are confusing to shoppers, said Patrick Fleming, director of retail marketing for trade group National Pork Board.
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Excess cash plus easy access to credit is driving up land values across the Midwest, stoking fears that a farmland bubble is building that may soon burst. USA Today reports.
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*Liberia seeking investment to rebuild after war. DAKAR, March 22- Liberia's largest palm oil company, Golden Veroleum, needs to review its social and environmental policies after its workers damaged graves, cleared existing crops and polluted creeks, according to an independent study it commissioned.
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ZURICH, March 13- Nestle, the world's biggest food company, published on Wednesday a raft of social and environmental targets it aims to meet by 2020, including better labelling of its products, only using sustainable palm oil and cutting greenhouse gas emissions.
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OSLO, March 8- Norway's $710 billion sovereign wealth fund has pulled out of 23 Asian palm oil companies after accusing them of causing deforestation, winning praise from environmentalists. It said it sold stakes in the firms after a review of companies that have cleared forests for palm oil plantations in Malaysia and Indonesia.
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*Sabah is country's top palm oil growing region. Singapore's Wilmar International and Malaysia's KL Kepong and Kwantas Corp own the refineries and have been slowing operations following a curfew imposed by authorities last week after Filipino gunmen attacked Malaysian security forces in Sabah.
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WASHINGTON, Feb 26- Congress should create a visa program, valid for at least three years, for foreigners willing to work year-round on poultry farms or in meatpacking and processing plants, an industry group said on Tuesday.
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*Lawmaker says rolling furlough possible, USDA mum. WASHINGTON, Feb 26- The Obama administration may institute a "rolling" furlough to keep meat plants open during automatic budget cuts rather than idle all 8,400 U.S. meat inspectors at the same time, a House subcommittee chairman said on Tuesday.
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The case, over a farmer who reproduced and saved seeds patented by Monsanto, questions whether natural replication can constitute patent infringement. The NYT reports.
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Six big French retailers said on Sunday they were recalling lasagna meals and other products suspected of being mislabeled after the discovery of horsemeat in beef products.
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PARIS, Feb 10- Six big French retailers said on Sunday they were recalling lasagna meals and other products suspected of being mislabeled after the discovery of horsemeat in beef products.
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