Crops

UNCTAD promotes foreign investment in agriculture

Foreign direct investment (FDI) in agriculture—a long-neglected sector—tripled between the start of the decade and the onset of the global recession, climbing from US $2 billion in 2000 to $6 billion in 2006-2008.

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Immediate passage of US-South Korea pact urged

The U.S. Dairy Export Council (USDEC) and the National Milk Producers Federation (NMPF) applauded the successful negotiations between the U.S. and South Korea aimed at resolving areas that have prevented advancement of the U.S.-Korea Free Trade Agreement.

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China Agritech appoints new VP of finance

China Agritech, Inc., a leading organic compound fertilizer manufacturer and distributor in China, recently announced the appointment of Ms. Choco Tan as VP of Finance. Ms. Linda Dai, who previously served as VP of Finance, will head the internal auditing department going forward.

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Oilmeal exports from India soar 42 per cent

Oilmeal exports from India, Asia’s top supplier of animal feed made from soybeans, jumped 42 per cent to 4.92 lakh tonnes (lt) during November as against 3.46 lt the same period last year, according to latest data compiled by the Solvent Extractions' Association of India (SEA).

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China on track for good corn harvest

The US Grains Council recently concluded its annual China Corn Tour, estimating an increase in production over 2009. The Council estimates the total production for China’s 2010 corn crop at 158 million metric tons (6.2 billion bushels). Given the projected corn harvest area of 30.8 million hectares, this implies a yield of 5.13 tons/hectare or 81.5 bushels/acre.

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