Calamities driving workers away from agriculture

THE CONTRACTION in agricultural employment accelerated to more than 11% in 2018, the Bureau of Local Employment (BLE) said.

Rice tariff bill not expected to significantly raise imports — USDA

THE US Department of Agriculture does not expect significant growth in the volume of rice imports in Markey Year (MY) 2018-2019 even with the passage of the rice tariffication bill.

Malaysian company interested in banana JV

A MALAYSIAN company is interested in pursuing a joint venture with banana planters in the Philippines to tap the China export market, according to an official of the Malaysian Chamber of Commerce and Industries Philippines Inc (MCCI).

China set to triple ethanol production capacity by 2020

GUANGZHOU, CHINA -- China is set to more than triple its ethanol production capacity by 2020, a government researcher said on Tuesday, with demand for the commodity expected to surge as the country shifts toward cleaner fuels.

India sugar output may drop next year as drought cuts cane planting

MUMBAI -- India’s sugar production could fall in 2019/20 as farmers are struggling to plant cane because of a drought in two of the country’s top producing states, according to multiple industry officials and traders.

McDonald’s to curb antibiotic use in its beef supply

MCDONALD’S Corp said on Tuesday it plans to reduce the use of antibiotics in its global beef supply, fueling projections that other restaurants will follow suit.

US confirms China soybean sale, but size of orders smaller than expected

CHICAGO -- China’s meager first purchase of U.S. soybeans since its trade war with the United States began in July disappointed farmers, grain traders and a U.S. government official hoping for larger sales to lift slumping prices and absorb a huge surplus across the U.S. farm belt, they said on Thursday.

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...
ADVERTISEMENT
ADVERTISEMENT