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Market News
Climate-driven heat peaks may shrink wheat crops
Jan 31, 2012
More intense heat waves due to global warming could diminish wheat crop yields around the world through premature ageing, according to a study published Sunday in Nature Climate Change. Current projections based on computer models underestimate the extent to which hotter weather in the future will accelerate this process, the researchers warned. Wheat is harvested in temperate zones on more than 220 million hectares (545 million acres), making it the most widely grown crop on Earth. In some nations, the grain accounts for up to 50 percent of calorie intake and 20 percent of protein nutrition, according to the International Maize and Wheat Improvement Center (CIMMYT), near Mexico City.
Source:
economictimes.indiatimes.com
Wheat Shippers Battle for Sales as Global Grain Glut Expands: Commodities
Nov 14, 2011
France may lose its place as the second-biggest wheat exporter after failing to win more than a dozen tenders in Egypt, the world’s biggest buyer, as shipments from Russia, Ukraine and Kazakhstan overwhelm markets. Egypt favored cheaper supply from the Black Sea region in the past 17 tenders and cargoes to northern Africa from France’s Rouen, Europe’s biggest grain-export hub, fell to a four-month low in the week ended Nov. 2, port data show. France’s crop office expects a 23 percent drop in shipments in the 12 months ending in June, the most in at least a decade.
Source:
www.bloomberg.com
France: Tax on imported fruit and vegetables?
Sep 15, 2011
The French minister of Agriculture, Bruno Le Maire. has brought attention to a European negative, which allows the taxation of imported fruit and vegetables from third countries, which does not apply the same rules as the European Union. The negative, which is part of European Law and has been validated by the WTO is just about in disuse. The minister announced this during the presentation of a plan of action for French fruit and vegetable growers, who are meeting with growing financial problems. Furthermore the government has made 25 million Euro available.
Source:
www.freshplaza.com
G-20 Officials Agree on Steps to Stabilize Food Prices and Improve Supplies
Jun 24, 2011
Agriculture ministers from the Group of 20 leading economies agreed Thursday on measures intended to lift global production and improve supplies of basic foods, while mitigating price swings. France's President Nicolas Sarkozy spoke at the G-20 meeting on Wednesday. The agreements were hailed as important steps, although some advocates said they did not go far enough, especially in tackling biofuel subsidies.
Source:
www.nytimes.com
France’s Sarkozy Urges Action Against the ‘Plague’ of Food Price Surges
Jun 24, 2011
World food prices that rose 37 percent in a year, driving 44 million more people into poverty, are a “plague” that need action from world leaders now, French President Nicolas Sarkozy said. Group of 20 farm ministers are in Paris for the second day of a summit. France, which holds the G-20 presidency, wants a central database on crops, limits on export bans, international market regulation, emergency stockpiles and a plan to raise global output. The proposals to limit export curbs and start a database will be “especially sensitive,” French Agriculture Minister Bruno Le Maire said last week.
Source:
www.bloomberg.com
G20 grapples with speculation, food security
Jun 23, 2011
The world's top economies seek Thursday to reach a deal to boost food security by limiting market speculation seen as behind recent price spikes that have hit consumers' pocketbooks and sparked unrest. French President Nicolas Sarkozy urged G20 agriculture ministers to come together to cure one of market capitalism's greatest illnesses. "By addressing the volatility of agricultural markets, in assuring food security for the world for today and tomorrow, we will rebalance the structure of capitalism," Sarkozy told the ministers on Wednesday as they began their first-ever meeting.
Source:
www.google.com
French Wheat in ‘Danger Zone’ on Drought, Crops Office Says
May 12, 2011
France’s wheat crop, Europe’s largest, is in a “danger zone” as drought reduces the potential harvest, the country’s crops office FranceAgriMer said today. The crop has entered a “critical stage,” and weather in the next two weeks will be decisive for yields, Christian Vanier, FranceAgriMer’s industry coordinator for cereals, said in a presentation in Montreuil-sous-Bois, near Paris. “We won’t have a very good year,” Vanier said, adding it will be an average year. “There is a real deterioration of the crop conditions.”.
Source:
www.bloomberg.com
France wheat exports up 32 pct in 1st half 2010/11
Feb 11, 2011
France exported 1.4 million tonnes of soft wheat in December, pushing up exports in the first half of the 2010/11 season by 32 percent from a year ago, customs data showed, as tightening world supply fuelled demand for French wheat. Soft wheat exports reached 10.1 million tonnes in the six months to end-December versus 7.6 million in the same period of 2009/10, the data showed on Thursday. Demand for French wheat on the world market has surged after adverse weather hit crops in other major producing countries including Russia. The monthly customs data showed that French wheat exports outside the EU were up 57 percent year-on-year in the six months at nearly 6.9 million tonnes.
Source:
www.forexpros.com
Over 180 exhibitors at France pavillion at Fruit Logistica 2011
Dec 13, 2010
High quality fruits are in demand for sophisticated connoisseurs. A few examples are the Sweet Tomato Carpaccio (from tomato Jouno) and the kiwi de l'Adour, represented the first time at Fruit Logistica. The company Fruits Union SAS is hosting two high-quality fruits: the Summerkiwi and flat peaches, white peaches in a flat form. In the growing organic trends, various manufacturers like to introduce organic lentils, organic kidney beans (Lunor) and organic potatoes in different varieties (Negonor). With Antares brings Le Vergie de la Blottière a new apple variety on the market. The company is one of the founders of the organization Demain la Terre, which promotes sustainable agriculture.
Source:
www.freshplaza.com
France: Cold weather causes rise in veg prices
Dec 13, 2010
The bad weather is also causing vegetable prices to rise in France. This is caused by the break in supply and difficulties in transportation. The average cauliflower price last week was almost 10 Euro per tray (+46.4%). The price of endive rose by 9.3 %, leeks by 39.1% and the tomato prices saw a rise of 57.9%.
Source:
www.freshplaza.com
France, others eye slice of Indian harvest
Oct 11, 2010
The wheel has turned a full circle. India Images , which was synonymous with hunger and malnutrition in the West, is now being called upon to export from its pile of food grain to ease the shortfall in overseas markets. French Food, Agriculture & Fisheries Minister Bruno Le Maire broached the issue during a meeting with KV Thomas, India's minister of state for food and agriculture, last week. The issue is expected to be raised by some other European nations during the G-20 meet to be held in Seoul in November, a senior official in the agriculture ministry said. France Images has traditionally been conservative on allowing farm imports, thanks to the strong farm lobby within the country.
Source:
business.rediff.com
India, France plan pact to boost food processing
Oct 08, 2010
French President Nicolas Sarkozy's visit to India in December this year will see the signing of a memorandum of understanding (MoU) between the two countries to boost the food processing sector. 'The issue of food is very important and we want to double the exchange of food products (between the two countries) within a very short time,' French Minister for Agriculture Bruno Le Maire, who is currently on a visit to India, told reporters here Thursday. 'We are working on the modalities of an MoU to be signed during the visit of President Sarkozy to India in December,' he added.
Source:
http://sify.com
France's wheat exports at full tilt
Sep 09, 2010
France is set to export a record 11 million tones of wheat onto the world market this season and could ship even more as it soaks up demand created by an export ban in drought-ravaged Russia, France's farm office said. French and U.S. wheat exports have both soared since last month after Russia's withdrawal from the world market and because of a lack of bread-quality wheat from a rain-blighted harvest in Germany. "The French wheat balance this year is based on the idea that there is room (on the world market) for 15 million tones of French wheat," Xavier Roussillon, head of France AgriMer's grains division, told Reuters in an interview prior to the publication of the office's 2010/11 forecasts on Wednesday. FranceAgriMer's estimate for 11 million tones of wheat exports outside the 27-member bloc, compared with a previous record of almost 10 million tones last season, data released on Wednesday showed.
Source:
www.forexyard.com
France, Cambodia Commit to Boost Bilateral Trade in Agriculture, Industry, Tourism
Jun 11, 2010
Cambodia and France reaffirm to boost bilateral trade so as to create jobs and supporting investment in the sector of agriculture, industry and tourism, said the joint release on Thursday. The announcement was made during the 9- 11 June visit of the French deputy commerce minister Anne-Marie Idrac aimed at enhancing bilateral trade of the two nations. France is a Cambodian main donor provided the country an estimated $100 million a year. Idrac, who is accompanied by French businessmen, met with the Cambodian deputy prime minister and also finance minister Keat Chhon. “The two countries reaffirmed their commitments to improve cooperation for the benefit of creating jobs as well as supporting the productive investment,” said the joint release was seen by DAP. Idrac she held talks with another deputy prime minister Sok An, who is also minister in charge of the office of the council of minister, on Thursday. Sok An accompanied Idrac to inaugurate the French funded $7 million for establishing the Golden Rice mill in Oudong of Kampong Speu province. Cambodian officials said the French investment in the Southeast Asian nation has been increased in recent years although they were not immediately to provide the investment value. Cambodian Prime Minister Hun Sen, during his visit in Paris on the sideline of his attending the French Holiday Bastille Day last year, said that Cambodia has provisional granted right for the French Total to invest in Bloc 3 covers 2,430 square kilometres offshore, which sits on the Overlapping Claim Area (OCA) with Thailand. Idrac also visited a construction site of Sofitel hotel, which is a second hotel invested by the French investment group, Accor, in Cambodia. She flew to Siem Reap, the home of Angkor which is the country’s biggest tourist destination, where she met with French investors.
Source:
www.dap-news.com
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