Agricultural Producers
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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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*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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WELLINGTON, March 27- New Zealand dairy processor Fonterra is planning to enter China's lucrative branded infant milk formula market mid-year, and plans to build a milk processing plant in China in 2014-2016, the co-operative said on Wednesday.
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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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LONDON, March 25- The private equity owners of Spanish metal packaging firm Mivisa look set to pay themselves a 185 million euro dividend just two years after buying the company, bankers said on Monday. Blackstone and N +1 Private Equity bought Mivisa in 2011 for $1.3 billion backed with 667.5 million euros of debt, according to Thomson Reuters LPC data.
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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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*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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March 22- For a full statement on the results of China Yurun Food Group Ltd, which is a meat processor, please click on:.
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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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Jan 17- Cargill Inc, the privately held agribusiness conglomerate and a leading beef processor, said on Thursday it will close its Plainview, Texas, beef plant effective Feb. 1 because there are not enough cattle to supply it. *The U.S. Agriculture Department will release its January 1, 2013, U.S. cattle supply on Feb. 1.
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CHICAGO, Jan 17- U.S. agribusiness giant Cargill Inc said on Thursday it will idle its Plainview, Texas, beef processing plant on Feb. 1 due to tight U.S. cattle supplies brought on by years of drought in the Southern Plains states.
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NEW DELHI, Jan 11- Monthly palm oil imports by India, the world's top edible oil importer, rose 17 percent in December, fed by scarce domestic supply of alternatives and attractive overseas prices due to record stocks in key supplier Malaysia, a Reuters survey showed.
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CHICAGO, Jan 9- U.S. agribusiness giant Cargill Inc said on Wednesday quarterly earnings quadrupled, led by its grain processing and origination sector.