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GrainCorp's Shares See Rise after ADM Bid
Australian State Brings in $9B from Food Exports
Australian state Victoria brings in $9 billion from food exports, after a rise of $1 billion. Food exports from Victoria, Australia have now hit the $9 billion mark, says a report released by the government. Brazil's Food Exports to UAE on the Rise; XL Foods taken over by Brazilian Company
Brazil has exported food worth more than $6 billion to the United Arab Emirates. Meanwhile, a Brazilian company has taken over XL Foods, Canada. European Union Contemplates Changes in Biofuel Policy
The EU will be changing its bio-fuel policies in an effort to reduce the use of food crops in the production of the same. Ukraine Bans Wheat Export, While Argentina Faces Poor Wheat Harvest
Ukraine will stop exporting wheat from mid-November due to poor output. The Ukrainian Agriculture Ministry will ban the export of wheat from Nov. 15. This move has resulted in a rise in the price of wheat futures in Europe and elsewhere. XL Foods Rehires 800 employees
XL Foods rehires 800 employees a day after firing 2,000. XL Foods, Canada, will be recalling 800 of the 2,000 employees it laid-off temporarily. The lay-off followed Canada's biggest food recalls. Indonesia toTest Rice Imports, While OECD Advises To Lift Import Restrictions
Indonesia will test future rice imports from Thailand, India and Vietnam. The OECD recommends lifting of import restrictions. FDA and EFSA Under Scrutiny
The European Food Safety Authority’s policies are audited by a court, while food safety inspections in the U.S come under fire. UN Report Revises Estimates, One in Eight People Hungry Worldwide
One in eight people in the world are going hungry, says new FAO report. But, the figure is lower than previously estimated. XL Foods Beef Recall Expands, While More Fall Ill with E.Coli
XL Foods’ tainted beef has made 10 ill, so far. The Canadian Food Inspection Agency and the company are making efforts to prevent another such outbreak. Iran Struggles Against Sanctions and a Failing Rial
Iran and India are in the middle of striking up a wheat trade deal, while the people of Iran try to cope with the effects of the international sanctions. Vietnam’s Rice Export on Track, May Exceed Target
Vietnam will be able to meet the set target for its rice exports this year, despite a volatile global rice market. Global Food Price Index on the Rise: UNFAO
The recent Food Price Index released by the UNFAO shows an uptick in the price of food. The prices of meat, cereals and dairy products have shown a slight increase over the past month and are likely to keep rising, according to a report by the UN Food and Agriculture Organization (FAO).
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