Reality bites with a pivotal USDA feed crop report's release
Monetary reflation and months of deflation discounted the bearish sting out of November'sWASDE report, but it still left feed crops with very little in the way of upward potential.
Brazil's corn exports in 2013 have surpassed last year's record as the agricultural superpower gained international market share with US stocks still low, but it is forecast that the US is set to make a huge comeback in 2014.
During the end of October 2013, the first consignment of poultry meat was shipped from Ukraine to the EU and egg exports are expected to start in December.
A new certification is available to US beef or pork suppliers that want to market their products as never fed beta agonists and free of beta-agonist residues, according to the USDA's Agricultural Marketing Service (AMS).
Malaysia will establish a 'Food and Agro Council for Export' to boost the country's export of local agricultural products and have allocated US$1.9 billion to implement numerous agricultural programmes.
The Sri Lankan Ministry of Economic Development announced that the country has taken measures to be self-sufficient in the production of chicken eggs by 2014 and will take measure to cease egg imports.
Fuelled by increased demand resulting from the global shortage of farmed shrimps, the share of shrimps in India's seafood exports has jumped from around 52% to nearly 70%.
Brazil, the second biggest corn exporter after the US, signed an agreement with China on November 6, allowing Brazil to export large amounts of corn to China for the first time.
The Chinese central government will focus on closing a loophole that has left space for 'recycling' of expired meat products in its review of the significant amendments of its National Food Safety Law made in June 2009.
Inner Mongolia Yili Industrial Group Co has formed a strategic partnership with Italy's Sterilgarda Alimenti SpA, allowing Yili to enhance its technological capabilities and develop quality milk products.
Prioskolye, the largest poultry producer in Russia, has commissioned a new plant for the production of feed lysine in the Belgorod Region of Russia, which will begin operation this December.
Lactalis Group, the world's largest food product company with sales of EUR15 billion (US$20.20 billion), is close to signing an agreement with shareholders of Hyderabad-based Tirumala Milk Products to buy a majority stake in the dairy company, according to sources.
Cargill India will construct a INR100-crore (US$15.8 million) cattle feed plant in the Malwa belt in Punjab, with a production capacity of 75,000 tonnes per annum, to cater to the cattle and dairy industry in Punjab and Rajasthan.