DA to back Fisheries Expo with P400M in loans

FISHERMEN representing 100 communities nationwide are expected to purchase machinery and equipment at the World Trade Center, supported by P400 million worth of loans from the Department of Agriculture (DA).

Food industry’s sugar importation plan being considered

AGRICULTURE Secretary Emmanuel F. Piñol said that he willing to allow 100,000 metric tons (MT) worth of sugar to be jointly imported by the Philippine Food Processors and Exporters Organization Inc (PhilFoodex) and the Philippine Chamber of Commerce and Industry (PCCI), for use by food processors, if domestic supply is inadequate.

New Zealand’s Fonterra cuts forecast for milk payout

WELLINGTON -- Dairy giant Fonterra Co-Operative Group Limited downgraded its forecast milk payment to farmers and said it was looking to sell its ice cream business, as the New Zealand-based firm reels from its first ever financial loss.

EU wheat prices buoyed by US rally, export concerns

LONDON -- Paris wheat futures rose on Friday to their highest in almost two weeks, tracking a rally in U.S. wheat, but doubts over export demand for EU wheat helped keep a lid on prices.

Bunge preparing to replace CEO Schroder

BUNGE Ltd. is preparing to replace its Chief Executive Officer Soren Schroder as the global grains trader faces investor pressure, the Wall Street Journal...

China traders awaiting lower tariffs before buying US grain again

BEIJING -- China will need to drop steep tariffs it imposed on a range of American farm products earlier this year before it can fulfill its pledge to buy substantial volumes of U.S. goods, said Chinese traders on Monday.

Carrageenan industry exploring new industrial applications

THE Seaweed Industry Association of the Philippines (SIAP) said new carrageenan applications have improved the industry’s prospects after a safety scare.

Fiber industry regulator to distribute free abaca planting material

THE Philippine Fiber Industry Development Authority (PhilFIDA) expects to distribute for free to abaca farmers planting materials that can produce up to 54.4 million abaca plants.

Farmers call for private sector, government to support mechanization

DAVAO CITY -- Members of the Mindanao Agricultural Machinery Industry Association (MAMIA) called on the private sector and the government to provide more support to mechanization to improve agricultural production and incomes.

US agency lifts 2019 biofuels mandate, drawing mixed reaction

WASHINGTON -- The US Environmental Protection agency on Friday lifted its annual blending mandate for advanced biofuels, drawing praise from the US biofuels industry, but disappointment that the government had not done more to protect the agricultural market.

China buys US pork despite trade tariffs as hog disease spreads

CHICAGO -- China is loading up on US pork, despite import tariffs imposed due to the trade war, as a highly contagious swine disease...

Spoils of trade war: Argentina loads up on cheap US soybeans

BUENOS AIRES/CHICAGO -- A ship named the Torrent is nearing the end of a 5,000-mile trip carrying soybeans from the US Great Lakes to Argentina -- a journey that only makes economic sense because of the US-China trade war.
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