Agrarian news
05.03.2010
S&P predicts Ukraine’s GDP to increase by 3.5% in 2010
The international rating agency Standard & Poor's (S&P) predicts Ukraine’s economy will grow in 2010-2011 by 3.5% and 4%, respectively. According to S&P, “The banks of Kazakhstan, Russia, and Ukraine will follow a strategy of cautious growth to withstand the recession,” S&P Ukrainian inflation will be at 13% this year and will decrease to 9% next year.
more05.03.2010
Raw milk shortage hits Ukrproduct volumes
Ukraine dairy group Ukrproduct saw its sales volumes fall in 2009 due to a "significant" shortage of raw milk in the second half of the year.
more05.03.2010
Sugar production fall by 19.4%
Fiji’s sugar production fell by 19.4 percent and cane production dropped by 3.3 percent over the 2009 period compared to 2008. This has been revealed in the Reserve Bank of Fiji Economic Review for February which states that a total of 2.2 million tonnes of cane were crushed to produce 167 thousand 664 tonnes of sugar in 2009. The Review stated that the significant fall in sugar output is due to low cane supply to the mills as well as problems faced by the upgraded mills in the earlier months of the season.
more05.03.2010
Profit at Tyson Foods Tops Estimates
Tyson Foods, a processor of chicken, beef and pork, posted a quarterly profit that topped analysts’ estimates amid higher revenue at its chicken and beef divisions.
more05.03.2010
Ukraine: grain harvest in 2010 to increase by 7-8%
In 2010, grain harvest in Ukraine will increase by 7–8% compared to 2009, declared Eugene Leng, the general director of Ukrzernoprom Agro Ltd. Vitaliy Tsekhmistrenko, the president of CJSC Company Rise, supported the forecast concerning the growth of grain production in 2010 compared to 2009.
more05.03.2010
Commodities prices decline on stronger dollar
Grain prices led a broad pullback in commodities Thursday as investors reacted to a rising dollar by pulling money out of futures. Improving weather forecasts for growing areas in the U.S. and South America added to the drop in agricultural futures. Prices for grains, soybeans and corns, metals and energy all closed lower. They followed their pattern of moving in an opposite direction from the dollar.
more04.03.2010
RAW MILK IS DEFICIENT IN UKRAINE
Ukrainian operators of dairy market complain about significant decrease of raw milk supply.
more04.03.2010
Bad news for corn
Corn is getting some bad news from Tokyo; the Japanese are contracting to buy 1 million metric tons of corn from South America. Japan is the number one customer of U.S. corn, accounting for about 24 percent of the $11 billion in American corn exports. Iowa annually is the nation’s largest corn producing state.
more04.03.2010
China grain processing industry plan drafted for approval by cabinet
China's Ministry of Industry and Information Technology has submitted the draft plan for development of grain processing industry during 2009 to 2020 period to the State Council for approval.
more04.03.2010
Bidco Starts Palm Oil Production in Uganda
Bidco Uganda Ltd (BUL) will soon start commercial production of palm oil following the completion of its US$10 million oil processing mill on the Lake Victoria island of Bugala in Kalangala district.
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