WINNIPEG, Manitoba — Flax continues to have a good market. Legumex is paying $14.50 per bushel delivered in Winkler, Manitoba. Elevators are about $13.50. Compared with canola, flax is on the expensive side.
Plans by Indonesia’s new president to make the nation self-sufficient in foods such as beef are showing signs of backfiring, with a major industry group warning prices for the meat could soar 50 percent in the next few months.
China urged its banks to speed up lending to agriculture, the country’s banking regulator said on Tuesday, in an effort to bolster a sector that employs almost one third of its 1.4 billion people, but remains in desperate need of funding.
The most important U.S. agricultural delegation to visit Cuba in more than a decade began three days of meetings on Monday, hoping to find potential business partners and urge the U.S. Congress to lift the trade embargo against the Caribbean nation.
The American Pulse Association and U.S. Dry Pea and Lentil Council say proposed federal dietary guidelines don’t fully reflect the nutritional benefits of pulse crops and could prompt Americans to eat less of them.
Officials in both Russia and Ukraine are considering tougher trade protections to keep food prices from spiraling as their currencies collapse, with Moscow taking more aggressive steps than Kiev to control exports.
Polina Devitt and Pavel Polityuk
February 24, 2015
A “farmer” who plants seeds that don’t grow in the same way for years is “probably not a farmer,” Cargill Inc. Vice President Devry Boughner Vorwerk told a Monday summit on restoring relations with Cuba.
Wheat slipped lower last week as traders continue to show concerns about slow export demand. It was a short trading week, as the markets were closed Feb. 16 in observance of President’s Day. For the week ending Feb. 19, March Minneapolis lost 13 cents, March Chicago dropped 5.25 cents and March Kansas City gave back 17.75 cents.
View your ad here! Cost effective targeted advertising. Contextual advertising starting as low as $79/month. This includes targeted ad delivery and search results! Add your business to the Marketplace »