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China, Argentina to increase soybean, corn trade

Argentina and China have agreed to expand their commercial ties by increasing soybeans and corn exports to the Asian country, Buenos Aires said Saturday. "China approved three transgenic soybean and corn" varieties, Argentine Agriculture Minister Norberto Yahuar said in a statement. "In the next season we will be using these approved seeds and obviously, we will be able to sell more," the minister said, after talks in Beijing with his counterpart Han Chang Fu.

Brazil's orange growers face hard times

High production costs have orange growers in Brazil, the world's top orange juice exporter, bracing for a tough citrus season, despite last season's record harvest and high juice prices. "The orange market is going through its worst moment in two years: world consumption is stagnating, production costs are rising and processors are getting more and more powerful," said Marco Antonio do Santos, president of the Taquaritinga growers' union.

China, Argentina to increase soybean, corn trade

Argentina and China have agreed to expand their commercial ties by increasing soybeans and corn exports to the Asian country, Buenos Aires said Saturday. "China approved three trangenic soybean and corn" varieties, Argentine Agriculture Minister Norberto Yahuar said in a statement. "In the next season we will be using these approved seeds and obviously, we will be able to sell more," the minister said, after talks in Beijing with his counterpart Han Chang Fu.

SEC alleges Bangkok trader made $3.2M profit from insider trading in Smithfield takeover

BANGKOK - The U.S. Securities and Exchange Commission says a Thai plastics company employee made profits of $3.2 million by trading on inside knowledge that a takeover offer for Smithfield Foods was imminent. A U.S. court has frozen the American brokerage account of 30-year-old Badin Rungruangnavarat so the trading profits can't be transferred overseas. U.S. pork producer Smithfield announced a $4.7 billion takeover by Chinese meat company Shuanghui in late May.

Global agencies warn of steep rise in food prices over next decade

BEIJING, China - Rising global food demand will push up prices 10 to 40 per cent over the coming decade and governments need to boost investment to increase farm production, a forecast by two international agencies said Thursday. Growth in food production has slowed over the past decade even as rising incomes in developing countries boosted consumption, said the UN Food and Agriculture Organization and the Organization for Economic Co-operation and Development.

China's 'chief butcher' sets out to sell Americans on allowing biggest corporate takeover

LUOHE, China - At an age when most Chinese executives are long retired, the country's top hog butcher is taking on a daunting new job persuading Americans to allow him to complete China's biggest takeover of a U.S. company.

Proposed New Mexico horse slaughterhouse accuses Obama administration of IRS-style politics

ALBUQUERQUE, N.M. - A southeastern New Mexico company's plans to convert a cattle plant into a horse slaughterhouse has hit another roadblock, this time over an environmental dispute that the company's attorney blames on the Obama administration putting politics over policy. Blair Dunn, who represents Valley Meat Co. of Roswell in its more than yearlong effort to get approval to slaughter horses, says the U.S. Department of Agriculture keeps changing the rules because it opposes horse slaughter.

Midwest farmers facing tough decisions as rain-soaked fields keeps some from fully planting

DES MOINES, Iowa - It's decision time for many Midwest corn farmers stuck in one of the wettest springs ever: Plant late in ground that's been too wet, replant corn in muddy fields or collect crop insurance. The U.S. Department of Agriculture said 91 per cent of the nation's corn crop is in the ground but just 74 per cent of the plants have emerged. But some states — leading corn producer Iowa, Minnesota, Missouri and North Dakota — are much further behind.

Kansas farmer sues Monsanto over the discovery of genetically engineered wheat in Oregon field

WICHITA, Kan. - A Kansas farmer has sued seed giant Monsanto over last week's discovery of genetically engineered experimental wheat in an 80-acre field in Oregon, claiming the company's gross negligence hurt U.S. growers by driving down wheat prices and causing some international markets to suspend certain imports. The federal civil lawsuit, filed Monday by Ernest Barnes, who farms 1,000 acres near Elkhart in southwest Kansas, seeks unspecified damages to be determined at trial.

Americans throw out more than a third of what they buy, gov't trying to lower that number

WASHINGTON - Americans throw away more than a third of the food they buy — that's almost $400 a year per person, or more than an average month's worth of groceries. In 2010, an estimated 133 billion pounds of food from U.S. retailers, restaurants, and homes was tossed. Working with the nation's largest retailers and food companies, the Agriculture Department and the EPA said Tuesday that they are going to try and bring those numbers down.
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