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Showing posts with label wheat. Show all posts
Showing posts with label wheat. Show all posts
Saturday, July 6, 2013
Thursday, December 9, 2010
U.S. May Have `Problem' Meeting Surging Global Demand for Wheat, UN Says
Luzi Ann Javier
Bloomberg
The U.S., the world’s largest wheat shipper, may not have the logistical capacity to meet rising global demand after rains cut the quality of the harvest in Canada and Australia, the United Nations said.
As much as 8 million metric tons of Australia’s wheat harvest may be downgraded because of excessive rains and Canada’s output suffered from wet weather, pushing importers to seek alternative suppliers, said Abdolreza Abbassian, an economist at the UN Food & Agriculture Organization, citing government estimates.
“Right now, the only country that would have such supply to compensate for the downgrade of Australia and also Canada would be the U.S.,” Abbassian said in an interview. “The problem is that the capacity in the U.S. for terminals to absorb enough milling wheat for shipment, it’s just not there.”
Increased demand from the U.S. may lead to supply bottlenecks, delaying deliveries and intensifying competition among importers, said Park Yang Jin, business manager at Seoul- based Daehan Flour Mills Co., South Korea’s largest milling wheat importer. This would help sustain a rally in Chicago futures, he said. The U.S. accounts for 27 percent of global wheat trade.
Read Full Article
RELATED ARTICLE:
Monsanto Says it's the 'Right Time" for GMO Wheat
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Bloomberg
The U.S., the world’s largest wheat shipper, may not have the logistical capacity to meet rising global demand after rains cut the quality of the harvest in Canada and Australia, the United Nations said.
As much as 8 million metric tons of Australia’s wheat harvest may be downgraded because of excessive rains and Canada’s output suffered from wet weather, pushing importers to seek alternative suppliers, said Abdolreza Abbassian, an economist at the UN Food & Agriculture Organization, citing government estimates.
“Right now, the only country that would have such supply to compensate for the downgrade of Australia and also Canada would be the U.S.,” Abbassian said in an interview. “The problem is that the capacity in the U.S. for terminals to absorb enough milling wheat for shipment, it’s just not there.”
Increased demand from the U.S. may lead to supply bottlenecks, delaying deliveries and intensifying competition among importers, said Park Yang Jin, business manager at Seoul- based Daehan Flour Mills Co., South Korea’s largest milling wheat importer. This would help sustain a rally in Chicago futures, he said. The U.S. accounts for 27 percent of global wheat trade.
Read Full Article
RELATED ARTICLE:
Monsanto Says it's the 'Right Time" for GMO Wheat
Buy 1 Get 2 Free at Botanic Choice Buy 1 Bottle and Get 2 FREE (select items), plus Free Shipping on $25+ Expires 12/31/2010
Fresh food that lasts from eFoods Direct (Ad)
Live Superfoods
Print this page
Monsanto Says it's the "Right Time" for GMO Wheat
Editor's Note: Problem = wheat shortages due to extreme weather and speculation driving commodity prices; Reaction = global starvation and outrage; Solution = Drought-resistant GMO wheat seed from Monsanto.
PopSci
This year, your bread dishes are probably not genetically modified — consumer and food industry opposition has so far prevented any GM wheat from making it to your table. So your biscuits, thickened gravy and turkey stuffing are made with flour from traditionally bred wheat.
But several seed companies, including Monsanto, Syngenta, BASF and others, are working on transgenic wheat. U.S. Wheat Associates, an industry group, said in early 2010 that GM wheat is still several years away, but efforts are ongoing to improve its acceptance among international consumers.
Monsanto Co., the world’s largest producer of genetically modified seed, backed off commercialization of “Roundup Ready” wheat several years ago, amid concerns it could hurt the U.S. wheat market. But earlier this month, the firm said it's the "right time" to pursue development of drought-resistant and high-yielding wheat.
Read Full Article
RELATED ARTICLES:
Food Fascism in the Land of the Free
7 Mega-Cartels That Run the World
Buy 1 Get 2 Free at Botanic Choice Buy 1 Bottle and Get 2 FREE (select items), plus Free Shipping on $25+ Expires 12/31/2010
Fresh food that lasts from eFoods Direct (Ad)
Live Superfoods
It is time to Wake Up! You too, can join the "Global Political Awakening"!
Print this page
PopSci
This year, your bread dishes are probably not genetically modified — consumer and food industry opposition has so far prevented any GM wheat from making it to your table. So your biscuits, thickened gravy and turkey stuffing are made with flour from traditionally bred wheat.
But several seed companies, including Monsanto, Syngenta, BASF and others, are working on transgenic wheat. U.S. Wheat Associates, an industry group, said in early 2010 that GM wheat is still several years away, but efforts are ongoing to improve its acceptance among international consumers.
Monsanto Co., the world’s largest producer of genetically modified seed, backed off commercialization of “Roundup Ready” wheat several years ago, amid concerns it could hurt the U.S. wheat market. But earlier this month, the firm said it's the "right time" to pursue development of drought-resistant and high-yielding wheat.
Read Full Article
RELATED ARTICLES:
Food Fascism in the Land of the Free
7 Mega-Cartels That Run the World
Buy 1 Get 2 Free at Botanic Choice Buy 1 Bottle and Get 2 FREE (select items), plus Free Shipping on $25+ Expires 12/31/2010
Fresh food that lasts from eFoods Direct (Ad)
Live Superfoods
Print this page
Friday, December 3, 2010
Wheat-Crop Quality in Australia's Queensland Is Hurt by Rains, Growers Say
Wendy Pugh
Bloomberg
More than half of the wheat crop from Australia’s Queensland state may deteriorate to feed grade following heavy rain, tightening milling-quality supplies and potentially helping to extend a rally in prices.
“There is a lot of downgrading of quality because of the persistent wet weather,” Wayne Newton, grains president of Brisbane-based farm group Agforce, said today. The northern state may produce 1.6 million metric tons in all this season, according to a September forecast from the government.
Wheat surged 7.2 percent yesterday on concern that downgrades and delays to the crop from Australia, the fourth- largest shipper, may curb supply of high-quality grain. There was “a little bit of panic” in the market, according to Austin Damiani, a floor broker at the Minneapolis Grain Exchange.
Read Full Article
Bloomberg
More than half of the wheat crop from Australia’s Queensland state may deteriorate to feed grade following heavy rain, tightening milling-quality supplies and potentially helping to extend a rally in prices.
“There is a lot of downgrading of quality because of the persistent wet weather,” Wayne Newton, grains president of Brisbane-based farm group Agforce, said today. The northern state may produce 1.6 million metric tons in all this season, according to a September forecast from the government.
Wheat surged 7.2 percent yesterday on concern that downgrades and delays to the crop from Australia, the fourth- largest shipper, may curb supply of high-quality grain. There was “a little bit of panic” in the market, according to Austin Damiani, a floor broker at the Minneapolis Grain Exchange.
Read Full Article
Fresh food that lasts from eFoods Direct (Ad)
Live Superfoods
Print this page
Thursday, November 25, 2010
Monsanto Says it's the "Right Time" for GMO Wheat
Editor's Note: Problem = wheat shortages due to extreme weather and speculation driving commodity prices; Reaction = global starvation and outrage; Solution = Drought-resistant GMO wheat seed from Monsanto.
PopSci
This year, your bread dishes are probably not genetically modified — consumer and food industry opposition has so far prevented any GM wheat from making it to your table. So your biscuits, thickened gravy and turkey stuffing are made with flour from traditionally bred wheat.
But several seed companies, including Monsanto, Syngenta, BASF and others, are working on transgenic wheat. U.S. Wheat Associates, an industry group, said in early 2010 that GM wheat is still several years away, but efforts are ongoing to improve its acceptance among international consumers.
Monsanto Co., the world’s largest producer of genetically modified seed, backed off commercialization of “Roundup Ready” wheat several years ago, amid concerns it could hurt the U.S. wheat market. But earlier this month, the firm said it's the "right time" to pursue development of drought-resistant and high-yielding wheat.
Read Full Article
RELATED ARTICLES:
Food Fascism in the Land of the Free
7 Mega-Cartels That Run the World
Fresh food that lasts from eFoods Direct (Ad)
Live Superfoods
It is time to Wake Up! You too, can join the "Global Political Awakening"!
Print this page
PopSci
This year, your bread dishes are probably not genetically modified — consumer and food industry opposition has so far prevented any GM wheat from making it to your table. So your biscuits, thickened gravy and turkey stuffing are made with flour from traditionally bred wheat.
But several seed companies, including Monsanto, Syngenta, BASF and others, are working on transgenic wheat. U.S. Wheat Associates, an industry group, said in early 2010 that GM wheat is still several years away, but efforts are ongoing to improve its acceptance among international consumers.
Monsanto Co., the world’s largest producer of genetically modified seed, backed off commercialization of “Roundup Ready” wheat several years ago, amid concerns it could hurt the U.S. wheat market. But earlier this month, the firm said it's the "right time" to pursue development of drought-resistant and high-yielding wheat.
Read Full Article
RELATED ARTICLES:
Food Fascism in the Land of the Free
7 Mega-Cartels That Run the World
Fresh food that lasts from eFoods Direct (Ad)
Live Superfoods
Print this page
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