Archived Posts

News Flash: March 26, 2015

INDUSTRY

 

Market eagerly awaits US planting survey as lower oilseed prices show global confidence in supply: AHDB

Dry weather concerns in parts of the US are lending support to winter wheat grain prices, says the UK’s Agriculture and Horticulture Development Board (AHDB). The grain and oilseed markets are shifting away from this season’s supply situation towards new crop fundamentals and how they will influence price trends, according to AHDB Market Intelligence’s lead analyst. Feed Navigator

 

GM cereals and oilseeds have potential benefits to agriculture in the United Kingdom

An independent record recently published says that implementing genetically-modified cereals and oilseed crops could benefit farmers, consumers, and even the animal feed supply chain, while also adding support to UK competitiveness in the global marketplace. HGCA, the cereals and oilseeds division of the Agriculture and Horticulture Development Board, commissioned the report to address key research issues surrounding the adoption of GM technologies. This report also found no negative environmental impacts attached to GM crop production in comparison to conventional crop production. SeedQuest

 

BIOFUEL

China’s biodiesel consumption could soar if only oil majors would play along

If the oil majors blend biodiesel in China, as they may be mandated to by the government, the domestic demand would increase to 8 million metric tons. The current consumption rate is 1 million metric tons. Sinopec has expressed their unwillingness to pay for the tank and infrastructure investments required to support biodiesel blending.  Biofuels Digest

 

CANOLA

Bigger canola seed might not make a difference

Researchers did not find a difference in yield or quality between the canola sizes of 3.96 and 5.7 grams per 1,000 seeds. Agriculture Canada researchers have found that emergence and yield, above a certain threshold, may not be affected by canola seed size. Trials were conducted at nine prairie sites in 2013 to evaluate the performance of canola seeds in a range from 3.96 to 5.7 grams per 1,000 seeds. Western Producer

 

CORN

Vietnam approves commercial crops of GMO corn to cut imports

A new government rule announced Wednesday allows Vietnamese farmers to plant three varieties of genetically modified corn from the Swiss firm Syngenta. NK66 BT, NK66 GT, and NK66 BT/GT are the three varieties which will be supplied to corn farms nationwide. Each variety will be distributed to specific regions, according to the Ministry of Agriculture and Rural Development. Director of the Department of Crop Production, Pham Dong Quang, said that the three varieties are resistant to pest and herbicide, and also produce higher yields. Thanh Nien News

 

PALM

Indonesia Plans Palm Oil Export Levy to Fund Subsidy for Biofuel

Indonesia, the largest palm oil producer, plans to execute export levies to fund biodiesel subsidies, including replanting, research and development. Shippers will be required to pay a $50 levy, per metric ton, on palm oil and $30 per metric ton on oleic shipments.  President Joko Widodo is expected to approve the levy by the end of the month, according to Sofyan Djilil, Coordinating Minister for Economic Affairs.  Bloomberg

 

SOYBEAN

Corn and Soybean Groups Support Non-GMO Label

Corn and soybean grower organizations commended the recent Safe and Accurate Food Labeling Act introduction on Wednesday, which included legislation that would create a national, science-based labeling standards for foods containing genetically modified organisms.  “Farmers and consumers agree on the need for clear, consistent labeling. Labels should be science-based and uniform in all 50 states,” said National Corn Growers Association President Chip Bowling, a farmer from Maryland. “This legislation provides a common-sense solution for American consumers looking for additional information about the food they buy, while providing certainty to the farmers who produce it. We urge Congress to support it.” AgWired