Food Supply News
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Nigeria is targeting $10 billion of investment in farming to boost domestic food production by 2015, as Africa’s most-populous nation seeks to reduce a reliance on imports, Agriculture Minister Akinwunmi Adesina said.
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Peru’s central bank kept borrowing costs unchanged for a 24th straight month as policy makers expect inflation to converge to the mid-point of their target amid near-potential economic growth.
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South Africa, the continent’s biggest producer of corn, exported 27 percent less this season compared with a year earlier, when shipments were the highest in at least nine years.
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As lawmakers pushed a bill to tighten U.S. security standards on chemical factories, fertilizer depots and water-treatment plants in 2009, they faced a formidable opponent: the U.S. business community.
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Glencore International Plc and Bunge Ltd. expect more agriculture mergers and acquisitions in coming years as companies need to broaden geographic reach.
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China’s stocks rebounded from a three-month low, as property shares jumped on speculation the government won’t impose any more real-estate curbs as economic growth slows and lower oil boosted auto companies and airlines.
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Egypt, the world’s largest wheat importer, is poised to increase buying from Russia and the U.S. as it relies more on deals with governments than private trade amid deteriorating finances, according to CHS Inc., which markets 2 billion bushels of grains and oilseeds a year.
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A plan to let farmers grow genetically modified crops developed by Monsanto Co. during legal appeals has drawn criticism from food-safety advocates and backers of open government over how the proposal became law.
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The Netherlands, the world’s second- largest agricultural exporter, would have enough food to feed its population even without trade, according to a study by farm- economy researcher Landbouw Economisch Instituut.
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Peru’s central bank kept borrowing costs unchanged for a 23rd consecutive month as policy makers expect inflation to converge to the mid-point of their target amid near-potential economic growth.
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