Global Grain & Oilseed Markets: Trends in China's oilseed consumption and sourcing
Domestic supplies and prices have been
sacrificed to sustain corn output. Output has peaked but
diversification efforts are constrained by rapeseed's own scarcity.
Mostly due to sharply reduced prospects for US
corn, global coarse grain production forecast for 2012-13 is down 48
million tonnes this month to 1,183.6 million, according to the USDA Feed
Outlook published on July 13.
With falling beef productions, beef export capacity
may be severely affected in 2012 and 2013, according to the Short Term
Outlook for arable crop, meat and dairy markets published by the
European Commission.
After the staggering price hike of chicken meat,
thousands of broiler chicken meat vendors in 38 traditional markets in
Bandung, Indonesia are warning to strike.
Surging demand for dairy products in China, during
the medial period of the last decade, has caused milk supply shortages,
driving suppliers to practices such as milk dilution and adding melamine
in products to boost protein readings.
An exclusive license agreement for the
commercialisation of advanced wheat seed varieties for the cereal grain
growers of Western Canada has been agreed between Canterra Seeds Ltd.
and Group Limagrain.
The latest saga in the on-going battle between two
agricultural giants, Monsanto and DuPont, began this week, over control
of a popular seed technology worth billions of dollars.
