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Indian billionaires to invest $2.5bn in Tanzania’s agriculture

Karuturi Global Limited, an India-based company with interests in agricultural cultivation, food processing, floriculture retailing and information technology, plans to invest $2.5billion in Tanzania during the next few years. The investment, according to the company’s managing director, Mr Sai Ramakrishna Karuturi, will go to cultivation of rice, sugarcane and palm trees from .....

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Pakistan - Rice exports likely to miss $2.5bn target

Pakistan’s rice exports are likely to remain below the target of $2.5 billion as rains in lower Sindh have damaged the crop worth billions of rupees, an agriculture expert said on Thursday. Rains hit Badin, Thatta, Golarchi, Tando Bago, Matli, Tando Muhammad Khan, Tando Allahyar, Tando Ghulam Ali, Mirpurkhas, Mithi, Hyderabad and some parts of Matiari districts. Some areas received more than 300 .....

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US: First Brazillian mangoes move quickly

The first containers of Brazil mangoes have arrived USA and movement was brisk as importers are waiting for the second vessel to arrive which is estimated to have 80 containers on board. There is a projected gap in shipping between the second and third vessels in September out of Brazil. This could see pricing move up a little as supplies tighten up. The major importers this year from Brazil are expected to be .....

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Zero Tariffs on U.S.-EU Agricultural Trade

Slow economic growth in the U.S. and the EU and no movement on the WTO Doha Round of trade policy negotiations have generated interest in proposals for zero tariffs on goods trade between the two partners. As is true throughout the world, agricultural tariffs are higher than industrial tariffs and the lower tariffs would likely cause some production adjustments. The U.S. already has zero tariffs on agricultural .....