Page 252 of articles about markets-economics

High and volatile agricultural commodity prices are likely to prevail for the rest of this year and into 2012 according to the latest analysis published today in FAO's biannual Food Outlook.

The agriculture industry contributed EUR 85.7 billion to the European economy, with the meat sector providing nearly 25 percent of that total.

France's worst drought on record is set to weigh heavily on its wheat harvest, French Agriculture Minister Bruno Le Maire said Tuesday, potentially further pushing up global wheat prices.

Japan and Peru signed a bilateral free trade agreement. Foreign Minister Takeaki Matsumoto and Peruvian Foreign Trade and Tourism Minister Eduardo Ferreyros endorsed the pact, which will abolish tariffs on more than 99% of the value of goods traded between the two nations within 10 years, Japanese officials said.

Ukraine has banned imports of pigs and pork from Lithuania and the Central Federal District of Russia following an outbreak of classical swine fever and African swine fever there.

During the first quarter of 2011, total meat production declined by 0.9%, while the producer value went up by 1.9% when compared to the corresponding quarter last year.

European wheat prices fell on Monday after Russia, traditionally one of the world’s top exporters of the commodity, announced plans to end a grain embargo on July 1.

According to the announcement of the Minister of Agrarian Policy Nikolay Prysyazhnyuk, Ukraine canceled quotas for export of all grains.

As it was earlier reported, inspections of 29 Brazilian plants carried out by the Rosselkhoznadzor specialists in April 2011 demonstrated that control provided by the Veterinary Services of Brazil over compliance with the Customs Union and the Russian Federation veterinary and sanitary norms and requirements was significantly relaxed.

Realized net farm income amounted to $4.5 billion in 2010, an increase of $1.4 billion (+46.1%) from 2009 as the decline in operating costs outpaced a slight decrease in receipts. The increase in 2010 followed a 16.6% drop in 2009.

Ukrainian exports of pork in 2011 shows a sharp rise. So, in I quarter of 2011 were exported 4.3 thousand tons of pork and almost the entire amount purchased Russia.

If the EU's future Common Agricultural Policy is to enjoy the support of all EU taxpayers, it must be equipped to provide food security and environmental protection, create new jobs and provide renewable energy, argued the EP Agriculture Committee on Wednesday. This will mean keeping the EU agriculture budget unchanged so that farmers have a reasonable incentive to meet these new challenges.

Filipino livestock and hog raisers, and meat processors can now export ‘Pinoy’ livestock and pork products to the rest of the world, as the entire Philippines was recently certified free from the dreaded foot and mouth disease (FMD) without vaccination by the Office International des Epizooties (OIE) or World Organization for Animal Health.

Commercial red meat production for the United States totaled 3.87 billion pounds in April, down 4 percent from the 4.01 billion pounds produced in April 2010.

The New Zealand high court has stopped the importation of raw pork that pig farmers fear could infect animals in NZ with a disease that kills unborn and young pigs.