Agriculture Ministry News
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Wheat development in France, the European Union’s biggest producer of the grain, is about two weeks behind schedule after cold weather slowed the start of spring plant growth, according to crop office FranceAgriMer.
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France’s exports of grains including wheat rose in March, helping to reduce the effect of lower shipments of processed agricultural products from wine to candy.
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Brazil, the world’s biggest coffee producer and exporter, raised the minimum domestic price for the arabica variety by 17 percent to help increase income for farmers after international prices slumped.
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France cut the estimate for this year’s rapeseed area after poor crop development caused by excessive winter rains prompted farmers to plow under fields.
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Egypt replaced two key economic ministers and boosted Islamists’ strength in the Cabinet, in an overhaul that fell short of opposition demands as the country struggles to obtain an International Monetary Fund loan.
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Coffee producers in Brazil, the world’s largest grower, are holding back beans on speculation the government will raise the minimum price for the commodity, according to Rio de Janeiro-based Flavour Coffee.
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Wheat harvest in India, the world’s second-biggest grower, may be more than forecast previously after cooler weather and winter rains boosted crop prospects, the Agriculture Ministry said.
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The Thai baht’s rally to the highest level in 16 years is hindering exports from the world’s biggest rice shipper, curbing the government’s efforts to diminish record state stockpiles and threatening to increase its losses.
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India, the world’s second-biggest wheat grower, will consider cutting the export price to boost shipments from state reserves amid forecasts for a record harvest for a sixth year.
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Morocco aims to almost triple the area seeded with oilseed crops in the country by 2020 to reduce its dependence on vegetable-oil imports.
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