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AgroBusiness Times

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Rice farm floods: Threat to food security

Flooded rice farm Unless drastic steps are taken to cushion effects of this year’s massive flooding of farmlands, there is fear of food shortage across the country. Currently, farmers who are devastated by the havoc are already counting their losses, as most crops for this planting season have been destroyed. According to the National Emergency […]

Bunge plans board committee to explore sale

Bunge, the 200-year-old grain and oilseeds trader, is planning to establish a board committee to explore a sale of the company, in a deal with two activist shareholders including an agricultural investor with an even older grain trading pedigree. New York-listed Bunge was on Tuesday finalising settlements with the Continental Grain company and DE Shaw, […]

Australia. Wheat production estimates continue to fall

AUSTRALIAN wheat production estimates have been slashed considerably in recent weeks, according to a number of reports. Both the Rabobank winter crop outlook and International Grains Council October report have scaled back production to below 30 million tonnes for the season. Rabobank’s forecast for Australian winter crop production was set at 29.3 million tonnes, while […]

Stakeholders seek sustainable fisheries, blue economy

Stakeholders have canvassed increased government’s  support to improve fisheries and aquaculture. This was the plea at the Validation Workshop on Review of National Fisheries and Aquaculture Policies for Coherence/Alignment, with the Policy Framework and Reform Strategy (PFRS) for Fisheries and Aquaculture in Africa. It held at the Federal Department of Fisheries, Lagos. The forum also […]

EU farmers battle parched soil to harvest smaller sugar beet crop

A continuing lack of rain in Europe has slowed sugar beet harvesting as farmers struggle to lift the crop from parched soil, which could further shrink yields this year. An unusually warm and dry start to autumn has exacerbated summer drought conditions in parts of Europe and has dashed hopes in some crop belts that […]

Olam International creates digital tool

Olam International has created a digital sourcing tool, At Source, which will trace the journey of raw materials and allow manufacturers to assess the environmental impact of their supply chains. At Source tracks the social and environmental footprint of a product, from the far to its arrival at retailers, and displays the data through its […]

Mato Grosso’s soybean farmers see overheads rise 1.8% on year

Overhead costs for soybean farmers in Brazil’s largest growing state rose 1.8% versus 2017, as higher domestic freight costs and a recent strengthening in the real drove prices higher, Mato Grosso’s agricultural economic institute (IMEA) said late Monday. Overheads came in at BRL3,168.89/ha ($844.3/ha), up 1.8% on the year, while variable costs came down 0.7% […]

India’s 2018-19 sugar export contracts rise to 8.5 lakh tonnes

Indian sugar millsNSE -1.68 % have traded 8.3 lakh tonnes of sugar, if the 50 lakh tonne that they have to export during 2018-19 sugar season with Uttar Pradesh accounting for more than half of the contacts, said traders at a conference organised by All India Sugar Trades Association (AISTA). “It is our estimate that […]

Institute to begin inspection of feed mills

The Nigerian Institute of Animal Science (NIAS) is starting a nationwide inspection/audit exercise of feed business premises. Effective feeds contribute to the production and maintenance of healthy livestock. Head, Inspectorate Department, Mr. Olufemi Atunbi, said the exercise will start on November 5, in the Northwest zone of the country. NIAS inspectors have enforcement authority and […]

Poultry Farming – One Way To Make

Most young men picture themselves working in banks and oil companies with elegant offices in the centre of Nigeria’s major cities. They want job that will allow them to dine out in top-class restaurants and live luxurious, secure township complexes, rather than working in harsh environments and living in areas that are not so comfortable. […]

I should be commended for all I have achieved for Nigerians –Buhari

By Nwafor Sunday President Muhammadu Buhari, Friday, felt disappointed over the delay in passage of budget by the National Assembly, and demanded commendations from Nigerians for the little he was able to achieve despite the delay. President Buhari Buhari was quoted by his Special Adviser on Media and Publicity, Femi Adesina, when he received a […]

Group seeks increased budgetary allocation to agriculture

The National Association of Nigerian Traders (NANTS) has called for increased budgetary allocation to agriculture and dedication of not less than 60 per cent of agriculture funds and facilities to small-scale farmers. It also called for the sustenance and improvement of the successes achieved in the Growth Enhancement Support Scheme. The group made the call […]

Pakistan. Federal Govt Only Announces Support Price Of Wheat

Minister for National food Security and Research Sahibzada Muhammad Mehboob Sultan on Monday said that federal government only announces the support price of wheat, in consultation with provinces. Replaying to a question in the National Assembly during a question hour, the minister said that sugarcaneprices are announced by Provincial governments under Sugar Factories Control Act, […]