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Coffee price slides on Latin America supply

Posted on 25 October 2013 by VRS  |  Email |Print

Coffee prices tumbled to a four and a half year low as the market was hit by a continued flow of supplies from Latin America while the fall in the Brazilian real against the dollar encouraged selling by producers. Arabica coffee, the high-quality bean used in espressos and cappuccinos, has continued to plumb multiyear lows because of bumper crops in the past few years.
ICE arabica coffee for March delivery fell on Thursday to $1.1285 a pound, the lowest level since 2009, as Brazilian producers took advantage of the real’s decline against the dollar, locking in future sales prices………………………………………..Full Article: Source

Why investing in agriculture makes sense

Posted on 25 October 2013 by VRS  |  Email |Print

Recently, global commodities investor, Jim Rogers made headlines when he recommended agriculture as the best sector for investment. According to him there were many options in agriculture-related sectors including farmland, agriculture stocks, food companies, processing plants and companies that make tools, machines, tractors, fertilizers etc for farming.
Stock markets in India and across the globe have been moving without direction even as equity pundits and analysts continue to give confusing ‘buy’ and ‘sell’ calls on companies and stocks. In India, equity market is largely driven by a handful of star stocks, leaving millions of investors in permanent losses as their mid-cap or small-cap shares have refused to go up………………………………………..Full Article: Source

Overflowing Canada grain bins compound global glut: Commodities

Posted on 23 October 2013 by VRS  |  Email |Print

Canadian wheat and canola grower Mike Bast spent five years building silos to store 100,000 bushels on his 2,000-acre farm in La Salle, Manitoba. It wasn’t enough. He’s already dumping grain into his neighbor’s bins.
Harvests this year across the Prairie provinces of Canada, the world’s top canola producer and the second-largest exporter of wheat, will jump 14 percent to a record 80.8 million metric tons, the government said Oct. 16. ……………………………………….Full Article: Source

Goldman Sachs cuts Arabica Coffee price forecast by 7.7pct

Posted on 21 October 2013 by VRS  |  Email |Print

Goldman Sachs Group cut its price forecasts for Arabica coffee traded in New York by 7.7%, citing favourable weather and the biggest stockpiles of the variety favoured by Starbucks in five years.
The beans traded on the ICE Futures US exchange will be at $1.20 a pound in three, six and 12 months, the bank said in a report e-mailed on Friday. That’s down from last month’s forecast for $1.30 a pound. Arabica coffee futures fell 20% this year on signs of bigger harvests in leading producer Brazil and Colombia, the second-biggest grower of the variety………………………………………..Full Article: Source

Why the global grain trade will pick up as commodity prices fall

Posted on 17 October 2013 by VRS  |  Email |Print

The global grain and oilseed trade represents up to ~20% of total dry bulk shipments. These shipments primarily use Panamax vessels. When shipments rise, the shipments of global grain or oilseed rise, which increases demand for Panamax ships and has a positive impact on shipping rates.
Long-term shipping rates movements in turn have a significant impact on the performance of dry bulk shippers………………………………………..Full Article: Source

Record Thai rice hoard expanding global supply glut

Posted on 15 October 2013 by VRS  |  Email |Print

Rice stockpiles in Thailand, once the world’s biggest exporter, are expanding to a record as a government program to buy production spurs farmers to plant the most crops ever and add to a global glut.
Reserves in Thailand will increase 24 percent to 15.5 million metric tons in 2013-2014 as global output rises 1.7 percent to an all-time high of 476.8 million tons, the U.S. Department of Agriculture estimates………………………………………..Full Article: Source

Why agriculture must take centre stage at UN climate talks

Posted on 10 October 2013 by VRS  |  Email |Print

The world is facing unprecedented challenges from climate change and implications are particularly severe in the sphere of agriculture. The sector faces unpredictable and extreme weather patterns, which are having a devastating impact on the lives of farmers in developing countries and global food security.
Agriculture is one of the largest economic sectors in the world, particularly in developing countries - for example in sub-Saharan Africa as much as 60 percent of people depend on agriculture for their livelihoods………………………………………..Full Article: Source

Rabobank gloomy on farm commodities - except sugar

Posted on 03 October 2013 by VRS  |  Email |Print

Rabobank sounded a bearish note on agricultural commodities - except sugar - cutting price forecasts for many and, for wheat upgrading expectations, but to levels below the futures curve.
The bank cut its forecast for Chicago corn futures in the newly-started October-to-December quarter by up to $0.40 a bushel, warning that the grain faced “an increasingly bearish outlook” thanks to the extra US stocks uncovered in an official report on Monday, and from promising US harvest yields………………………………………..Full Article: Source

Swiss to vote on ban for speculation in agricultural commods

Posted on 02 October 2013 by VRS  |  Email |Print

Switzerland is obliged to hold a vote on banning speculation in agricultural commodities after a left wing political initiative gained enough signatures to force it to under Swiss law.
The timing of the national vote is not clear and is pending official guidance from the government. Under the Swiss system, parliament can propose alternative legislation which is typically more moderate and also subject to a national vote………………………………………..Full Article: Source

Climate change one of the leading risks to food security, says UN

Posted on 02 October 2013 by VRS  |  Email |Print

Climate change has become one of the leading risks to food security, with droughts, floods and hurricanes expected to result in production and price volatility, a report from the UN’s agriculture agencies has warned.
The 2007-08 food crisis, when the surge in food costs sparked riots across developing countries, had its roots in a series of droughts around the world, including Argentina and Vietnam………………………………………..Full Article: Source

Brazil: Agriculture Vs industry: Leave well alone

Posted on 27 September 2013 by VRS  |  Email |Print

The story of how Brazil’s vast central and north-eastern crop belt was won starts in 1973, when Brazil’s military regime decided to centralise agronomy research and set up the Brazilian agricultural research corporation, Embrapa.
It sent 1,200 bright young scientists abroad to study. When they returned and were set to work, they achieved something of a miracle: they made the cerrado bloom. Until then, Brazil’s savannah with its acid, nutrient-poor soil had been thought impossible to cultivate. It turned out that deep tilling, huge quantities of lime and fertiliser and fast-growing crops bred to suit the local conditions could coax a rich harvest from it………………………………………..Full Article: Source

India considers late trading in agricultural commodities - regulator

Posted on 23 September 2013 by VRS  |  Email |Print

India is considering late-evening trading in commodities such as sugar and soybeans to increase market participation, Ramesh Abhishek, chairman of the Forward Markets Commission (FMC), told reporters on Sunday.
Late trading is currently allowed only in metals and energy products, where prices follow global markets. In agriculture commodities, futures trading currently takes place between 10 a.m. and 5 p.m. “We are discussing with exchanges and other trade participants how we can start late-evening trading in agriculture commodities as some spot markets remain open till 8 p.m.,” Abhishek told reporters on the sidelines of a conference………………………………..Full Article: Source

Chocolate prices soar in dark turn

Posted on 23 September 2013 by VRS  |  Email |Print

Consumers from California to Switzerland are developing a taste for dark chocolate, taking a bite out of global cocoa supplies and driving up candy prices in both high-end boutiques and mass-market drugstores.
The cost of one kilogram of chocolate in the U.S. is expected to hit a record $12.25 this year, a 45% increase from 2007, according to market-research firm Euromonitor International………………………………..Full Article: Source

Milk rally reversing as New Zealand drought recedes: Commodities

Posted on 18 September 2013 by VRS  |  Email |Print

Milk production in New Zealand is rebounding to a record as pastures recover from drought, accelerating shipments from the largest exporter just as U.S. supply expands to an all-time high.
New Zealand’s output will expand 4.5 percent in the year ending May 31 after the most widespread drought in three decades, as U.S. farmers produce 1.2 percent more in 2014, estimates from the two countries’ governments show………………………………………..Full Article: Source

Regional growth in demand for agri commodities to reward landholders

Posted on 16 September 2013 by VRS  |  Email |Print

The predicted rise in global demand for agricultural commodities may begin to pay off for struggling Australian landholders, with institutional and offshore investors expected to jump on sectors that are most poised for growth.
Global real estate group Colliers International said in a new report that foreign capital will chase land producing wine, cattle and wheat. North Australian cattle properties, the West Australian wheat belt and poultry broiler farming are set to benefit………………………………………..Full Article: Source

Fastest wheat sales in six years diminish inventory: Commodities

Posted on 11 September 2013 by VRS  |  Email |Print

The U.S. and European Union are selling wheat at the fastest pace in at least six years, diminishing stockpiles even as farmers reap a record crop. Sales from the U.S. in the past three months surged 38 percent from last year and export licenses issued by the 28-nation EU more than doubled, government data show.
World inventories will drop to a five-year low by June 30 as farmers harvest 705.4 million metric tons, the U.S. Department of Agriculture estimates. Futures will rise 15 percent to $7.40 a bushel by the start of the next season on July 1, according to the median of 10 analyst estimates compiled by Bloomberg………………………………………..Full Article: Source

Cost of cotton production rises to highest levels globally:ICAC

Posted on 05 September 2013 by VRS  |  Email |Print

Cotton growers around the world spent an average of 11 cents on planting seed to produce a kilogram of lint in 2012/13, representing 7% of the net cost of production. (Net costs are total costs excluding land rent and the value of cottonseed.)
In the 1990s, the cost of planting seed averaged 4 cents per kilogram of lint. Planting seed rose to 9 cents per kilogram during the 2000s and has now reached 11 cents, according to a report from International Cotton Advisory Committee………………………………………..Full Article: Source

How climate change politics are ruining African agriculture

Posted on 03 September 2013 by VRS  |  Email |Print

It is wondrous how the threat of climate change, a clear sign of the excesses and limitations of advanced economies, could ever become a driver of grand visions of progress in the developing world. But that is precisely at the root of a phenomenon that is ushering in a transformation of African agriculture.
Consider how the discourse of energy crisis and resource limits in wealthy countries — underlined by fossil fuels’ contribution to climate change — has spawned a rush for African farmland for biofuel production, which in turn is being touted “green growth” in the global south………………………………………..Full Article: Source

US struggles with sugar surplus

Posted on 03 September 2013 by VRS  |  Email |Print

The US government is struggling to shore up the domestic sugar market as it tries to stave off federal loan defaults by sugar processors for the first time in nine years. Strong domestic production, a surge in imports from Mexico as well as weak international prices have weighed on the US sugar market this year.
In its third intervention in the domestic market this year, the US Department of Agriculture last week said it bought sugar from a domestic processor and sold it to an ethanol producer at a loss of almost $3m………………………………………..Full Article: Source

Trouble brews for tea growers in wake of Egypt crisis

Posted on 02 September 2013 by VRS  |  Email |Print

Tea prices have plunged more than a third over the past year as the crisis in Egypt, the world’s fifth largest importer, has cut demand just as global production has rebounded after several years of bad crops.
The commodity, which is critical to several east African economies, is now selling at its lowest price in more than three years. Kenya is the world’s largest exporter of black tea, followed by Sri Lanka and India………………………………………..Full Article: Source

Strong outlook for the farm sector comes with a commodities caveat

Posted on 28 August 2013 by VRS  |  Email |Print

Things are still good in the U.S. farm belt. On Tuesday, the Department of Agriculture said it expects net farm income this year to reach $120.6 billion, a jump of 6% from 2012 and the second highest since 1973 on an inflation-adjusted basis.
But the robust outlook comes with a caveat. Federal forecasters in their last outlook back in February predicted an even stronger 2013. Tuesday’s projection for net farm income was a more than 6% decline from that earlier forecast………………………………………..Full Article: Source

Brazil and China scramble for agricultural influence in Africa

Posted on 28 August 2013 by VRS  |  Email |Print

Agriculture is central to Chinese and Brazilian development efforts – how trailblazing are their methods? China and Brazil have identified agriculture as central to their development efforts in Africa, confident in the belief that they can make valuable contributions based on their own agricultural success.
China trumpets its ability to feed 20% of the world’s population on roughly 10% of the world’s arable land, while Brazil can boast of agribusiness-led commercial production of soya bean and ethanol as well as its promotion of smaller-scale farming………………………………………..Full Article: Source

Corn, soy jump most in more than year as heat hurts crops

Posted on 27 August 2013 by VRS  |  Email |Print

Corn jumped the most in 14 months and soybean futures rallied the most since 2011 as hot, dry Midwest weather threatens to erode crop yields in the U.S., the world’s biggest grower. Wheat also advanced.
Temperatures will average as much as 14 degrees Fahrenheit above normal during the next 10 days, with little rain expected in the Midwest, T-Storm Weather LLC said in a note to clients today. July and August will be the driest since 1936 in Iowa, Illinois and Indiana………………………………………..Full Article: Source

Commodities: Bumper crop expectations make corn the biggest loser as oil rises

Posted on 26 August 2013 by VRS  |  Email |Print

Fears of a slowdown in China, combined with expectations that the US will start to exit stimulus measures, have prompted investors to dump the asset class. Miners have been slashing capital expenditure as a dash for growth over the past few years resulted in a glut of supply. Even copper, which has one of the tightest supply-and-demand balances of any metal, is expected to see a significant surplus this year and next.
There have been pockets of strength, however, particularly in energy markets. This is because of supply disruptions in the Middle East and speculators betting on an economic recovery in the US………………………………………..Full Article: Source

Soybean: Destined to bounce back?

Posted on 15 August 2013 by VRS  |  Email |Print

Trend in the futures of soybean on India’s NCDEX is looking positive for the intra-day and further upside is expected in the near term as well. A bounce back is in the offing, according to analysts.
Investors are advised to buy on dips. “Support for the commodity is seen at 2980 while resistance at 3070 level. Buy around 3020 with stop loss of 2980 for the target of 3070,” said Milan Shah, Research Analyst with Commodity Online………………………………………..Full Article: Source

Hedge funds net short on ags for first time ever

Posted on 13 August 2013 by VRS  |  Email |Print

Hedge funds have, for the first time on record, bet more on falling agricultural commodity prices than rising ones, turning more negative in particular on soybean and cattle prices, and extending short positions in corn too.
Managed money, a proxy for speculators as of August 6 had a net short in futures and options in the 13 major US-traded agricultural commodities for the first time since records began in 2006, according to data kept by the Commodity Futures Trading Commission, the US regulator………………………………………..Full Article: Source

A big yield and growth in global agriculture

Posted on 09 August 2013 by VRS  |  Email |Print

Exchange-traded funds offer a convenient way to invest in sectors or niches that interest you. If you’d like to add some global agriculture stocks to your portfolio but don’t have the time or expertise to hand-pick a few, the IQ Global Agribusiness Small Cap ETF could save you a lot of trouble.
Instead of trying to figure out which companies will perform best, you can use this ETF to invest in lots of them simultaneously………………………………………..Full Article: Source

Hedge funds make record bearish corn bets on supply: Commodities

Posted on 08 August 2013 by VRS  |  Email |Print

U.S. farmers are poised to reap their biggest-ever corn crop, expanding global stockpiles to the most in 13 years and spurring hedge funds and other speculators to make record bets that prices will keep slumping.
The harvest in the largest grower will jump 30 percent to 14.036 billion bushels (356.5 million metric tons), the average of 27 analyst estimates compiled by Bloomberg shows. That’s 53 million bushels more than they expected a month ago and 86 million above the government’s July forecast………………………………………..Full Article: Source

Hedge funds most gloomy ever on ag price prospects

Posted on 06 August 2013 by VRS  |  Email |Print

Hedge funds have turned their least optimistic ever on prospects for agricultural commodity prices, slashing exposure to rising soybean futures, and hiking their net short position in corn to a record high.
Managed money, a proxy for speculators, slashed its net long position in futures and options in the major US-traded agricultural commodities by nearly 48,000 contracts to 58,489 lots, Agrimoney.com analysis of regulatory data shows………………………………………..Full Article: Source

Global cotton production forecast at 25.6 mln for 2013-14: ICAC

Posted on 05 August 2013 by VRS  |  Email |Print

Global cotton production is estimated at 25.6 mn tons for 2013-14 while consumption is forecast at 24 mn tons leaving a surplus of 1.6 mn tons, according to International Cotton Advisory Committee (ICAC).
World trade in cotton is estimated at 9 mn tons and world ending stocks are forecast at a record 19.8 mn tons or an eye-popping 83% of projected mill use. World production will have exceeded consumption by a cumulative 11 million tons between 2010/11 and the end of 2013/14, resulting in a doubling of world ending stocks in four seasons………………………………………..Full Article: Source

Corn bets turn bearish as rain revives U.S. crops: Commodities

Posted on 12 July 2013 by VRS  |  Email |Print

U.S. corn production is rebounding the most in two decades as farms recover from last year’s drought-plagued harvest. Hedge funds are bearish on prices for the first time since 2010. Output this year will jump 29 percent to a record 13.95 billion bushels (355.2 million metric tons), the biggest increase since 1994, the U.S. Department of Agriculture said today in a report.
That will add enough grain to supply the 28-nation European Union and Japan for a year and more than double U.S. inventories before the harvest in 2014. Futures will drop 9.4 percent to $4.75 a bushel in three months, the lowest since October 2010, Goldman Sachs Group Inc. estimates………………………………………..Full Article: Source

African countries come up short on investment in agriculture

Posted on 10 July 2013 by VRS  |  Email |Print

Only seven of the 53 African Union countries who pledged to commit at least 10 percent of their national budgets to investment in agriculture in 2003 have reached that goal. Aid organizations say that investment in agriculture is key to breaking the cycle of food insecurity and crisis in West Africa. As the declaration approaches its 10th anniversary on Wednesday, the aid groups are calling on AU countries to renew their commitment to the Maputo Declaration.
In 2003, 53 African heads of state agreed to allocate at least 10 percent of their national budgets to investment in agriculture and livestock by July 2008. Ten years later, only seven countries - Burkina Faso, Niger, Guinea, Senegal, Mali, Malawi and Ethiopia - have reached that target………………………………………..Full Article: Source

Tradition hires Warwick to head agricultural commodities desk

Posted on 09 July 2013 by VRS  |  Email |Print

Tradition Financial Services Ltd., a broker of over-the-counter physical and derivative products, hired Tom Warwick to head its new agricultural commodities desk. London-based TFS is starting the desk to broker deals in grains and the so-called soft commodities including cocoa and coffee, Mike Anderson, a managing director running the energy and commodities desks at the company, said.
Warwick previously worked for companies including Refco Inc., MF Global Holdings Ltd. and JB Drax Honore (U.K.) Ltd………………………………………..Full Article: Source

Is the agriculture sector set to boom?

Posted on 08 July 2013 by VRS  |  Email |Print

In recent months, many of Australia’s richest and most powerful business people have said they think they know where Australia’s next boom will come from. With the government finally making provisions to reignite the Australian agricultural industry, experts are saying forget the mining boom, the dining boom is next.
There seems to be a reasonable basis for their prediction. Asia’s rising number of middle class will soon be demanding much more food as the number of individuals (in the “middle class”) goes from 500 million to 3 billion in coming decades. With over 20 times more arable land per capita, Australia stands to benefit from China, India and Indonesia’s potentially high demand………………………………………..Full Article: Source

Rice stocks reach 12-year high as food costs drop: Commodities

Posted on 08 July 2013 by VRS  |  Email |Print

Rice stockpiles are expanding to the highest level in 12 years as production increases to a record, adding to a worldwide surge in agricultural output that is poised to diminish the $1.1 trillion global food-import bill.
Reserves will gain for a seventh year, rising 2.7 percent to 108.6 million metric tons in 2013-2014, the U.S. Department of Agriculture estimates. Output will climb 1.9 percent to 479.2 million tons, exceeding demand by 2.8 million tons………………………………………..Full Article: Source

Global Food Security Index monitors impact of world agriculture

Posted on 04 July 2013 by VRS  |  Email |Print

Findings from the annual Global Food Security Index were issued Tuesday by the Economist Intelligence Unit (EIU) that shows food security has improved in some developing nations. The average 2013 Global Food Index Score held flat at 53.5, compared to the 53.6 measured in 2012.
The Index, a first-of-its-kind ranking tool to comprehensively measure food security and monitor the ongoing impact of agriculture investments, collaborations and policies around the world, is commissioned by DuPont………………………………………..Full Article: Source

Wheat slump longest since 2005 on global output

Posted on 02 July 2013 by VRS  |  Email |Print

Wheat futures slid to a one-year low, extending the longest slump since 2005, on signs of record global output and reduced demand for supplies from the U.S., the world’s biggest exporter.
Farmers from Australia to Canada will produce a combined 683.1 million metric tons in the year that starts today, up 4.3 percent from the prior 12 months and the highest ever, the International Grains Council said today. Prices have tumbled 16 percent this year as importers shun U.S. supplies for cheaper grain from Russia and Ukraine, and signs of a record Midwest corn harvest in 2013 erodes demand for wheat in livestock feed………………………………..Full Article: Source

Big farms set to lose in EU agriculture subsidy shake-up

Posted on 25 June 2013 by VRS  |  Email |Print

European Union negotiators gathered on Monday for talks to finalise reforms of the bloc’s 50 billion euro-a-year farm policy that could remove almost half of the subsidies now given to some of its largest grain and livestock producers.
Many of the proposals are meant to make the 50-year-old common agricultural policy (CAP) more fair and environmentally friendly, to justify the huge sums paid to farmers each year………………………………………..Full Article: Source

Chicago agricultural commodity futures trading goes up across board

Posted on 20 June 2013 by VRS  |  Email |Print

Trading of Chicago agricultural commodity futures soared across the board Wednesday, with three major agricultural commodities all registering double-digit gains.
The most active corn contract for December delivery gained 20 cents, or 3.63 percent, to close at 5.705 dollars per bushel. July wheat rose 19.5 cents, or 2.84 percent, to settle at 7.07 dollars per bushel. November soybeans climbed 21 cents, or 1.63 percent, to close at 13.1075 dollars per bushel………………………………………..Full Article: Source

Soyabean near-term price premium boosted

Posted on 19 June 2013 by VRS  |  Email |Print

A depleted outlook for soyabean stocks is boosting the premium for supplies available in the near future, suggesting volatile trading ahead in Chicago’s futures markets.
CBOT July soyabeans rose 1 per cent to $15.27½ a bushel on Tuesday. The contract sold for $2.33 above beans to be delivered in November, a premium that has expanded 71 per cent in the past three months………………………………………..Full Article: Source

Agricultural commodities & sustainable investment

Posted on 17 June 2013 by VRS  |  Email |Print

Over recent months much attention has been paid to claims that investors are exacerbating commodity price inflation, as well as a focus on direct investment in productive assets (such as farmland), which have proven increasingly attractive. This has led to initiatives such as the Principles for Responsible Investment in Farmland which have sought to provide guidance on how to ensure such investments are genuinely sustainable.
Whilst these types of participation by financial actors have been the subject of intense scrutiny, less attention has been paid to the exposure investors have through their holdings in listed equities and bonds along the agricultural value chain……………………………………..Full Article: Source

Hedge funds may be retreating from ag commodities

Posted on 14 June 2013 by VRS  |  Email |Print

Hedge funds may be in retreat from agricultural commodity markets - with a “disastrous” bet on corn futures adding to the pressures on profitability raised, ironically, by their own success, a former Chicago Board of Trade director said.
Ann Berg, also the first recorded female grain exporter, said that the retreat in hedge funds’ net long positions in major US-traded agricultural commodities in April to their lowest since 2006 may be a sign of waning interest in the sector………………………………………..Full Article: Source

Goldman Sachs bearish on agriculture, overall commodities to remain stable

Posted on 13 June 2013 by VRS  |  Email |Print

While volatility in the bond and equity markets has increased this past month as a result of QE concerns (which pushed the 10-year treasury yield to its highest level in 14 months), commodities have remained stable, according to a report out this morning by Goldman Sachs.
It is well known that the S&P GSCI index ( GSG ) has traded within a range of plus or minus 1.5% as of late. Putting it simply, commodities price current fundamentals (which have not changed) while financial markets price future fundamentals (which have changed)………………………………………..Full Article: Source

Grain prices tumble as U.S. sees bigger corn supply, wheat crops

Posted on 13 June 2013 by VRS  |  Email |Print

Corn futures tumbled the most in five weeks, leading declines in wheat and soybeans, after the U.S. said inventories will be bigger than analysts’ forecast as global production rebounds from a drought last year.
Record domestic corn output of 14.005 billion bushels this year will more than double inventories before the harvest in 2014, and soybean production will be 3.39 billion bushels, the most ever, the U.S. Department of Agriculture said today in a report. While drought damage late last year will reduce the 2013 U.S. wheat harvest, global output will rise 6.1 percent………………………………………..Full Article: Source

Smell the coffee: Ethiopia’s commodity exchange boosts growth

Posted on 05 June 2013 by VRS  |  Email |Print

A bell rings and the floor of Ethiopia’s Commodities Exchange is flooded with traders dressed in coloured coats, waving hands and shouting bids for coffee, sesame seeds or haricot beans. Following a feverish shouting match, prices are agreed upon and the deal is sealed with a high five between buyer and seller.
Established in 2008, the ground-breaking ECX has boosted exports in Ethiopia, improved conditions for producers and is now inspiring other countries in resource-rich Africa to set up their own exchanges to ensure they are the main beneficiaries of commodity exports………………………………………..Full Article: Source

UN food, agriculture chief urges ‘nothing less than the eradication of hunger and malnutrition’

Posted on 05 June 2013 by VRS  |  Email |Print

The head of the United Nations Food and Agriculture Organization (FAO) today called for greater efforts to combat malnutrition and hunger worldwide as the agency launched its flagship annual report, which this year focuses on improved food systems for better nutrition.
In a message marking the launch of The State of Food and Agriculture (SOFA), Director-General José Graziano da Silva said that although the world has registered some progress on hunger, one form of malnutrition, there was still “a long way” to go. “FAO’s message is that we must strive for nothing less than the eradication of hunger and malnutrition,” he declared………………………………………..Full Article: Source

FMC might restrict number of delivery centres in agri commodities

Posted on 31 May 2013 by VRS  |  Email |Print

The Forward Markets Commission (FMC), the commodity derivatives markets regulator, is planning to restrict the number of delivery centres in agri commodities to avoid some complexities in futures trading.
“Sometimes, a large number of delivery centres create problems. Hence, we want to restrict it for which the Commission is waiting for the final recommendations of the sub-committee of the advisory committee,” said Ramesh Abhishek, chairman, FMC………………………………………..Full Article: Source

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India: MCX steps up efforts on agri commodities

Posted on 29 May 2013 by VRS  |  Email |Print

Known for being non-agri, the Multi Commodity Exchange (MCX) has gradually stepped up efforts to attract participation in agri commodities also. Though contributing insignificantly to the exchange’s overall turnover, agri commodities like mentha oil, sugar, potato and cardamom are preferred by traders on the MCX.
With around 90 per cent of the market share in overall commodity futures trade, the MCX continued its leadership in almost all non-agri commodities, including base metals, precious metals and energy……………………………………Full Article: Source

German asset managers exit agricultural investments

Posted on 29 May 2013 by VRS  |  Email |Print

Germany’s DZ Bank and its asset management subsidiary Union Investment this week confirmed they are pulling out of investments into agricultural commodities. The move follows wider criticism that the market for producers is being distorted as a result of investment into agricultural commodity markets and indices.
Whilst the decision by DZ Bank was made in January, the debate has been reignited in Germany as member of the board, Lars Hille, explained the extent to which the funds’ strategies would change……………………………………Full Article: Source

Ghana to establish commodities exchange to connect agric sector to the capital market

Posted on 22 May 2013 by VRS  |  Email |Print

Ghana is ready to restructure its capital market to spur economic growth, Finance Minister Seth Terkper said. The restructuring is necessary for the Ghana to meet international standards in its securities market regulations, Seth Terkper told Ghana’s first-ever capital market conference.
Ghana’s Securities and Exchange Commission (SEC) will review the legislation that impedes a well-functioning securities market, Terkper said……………………………..Full Article: Source

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