Monsoon rains in India were above average in the week through Wednesday, the weather office said, as soybean and cotton growing central parts of the country received heavy rainfall, damaging crops in some pockets. Monsoon rains are crucial to farm output and economic growth because the agricultural sector accounts for about 15% of India's $2.5 trillion economy.
Top European pork producer Danish Crown opened a plant near Shanghai on Wednesday to produce packaged pork for the area's affluent consumers. The company's first factory in China will turn frozen pork imported from Denmark into packaged, chilled product as well as bacon and sausages.
China will allow the import of soymeal livestock feed from Argentina for the first time under a deal announced by Buenos Aires on Tuesday, an agreement that will link the world's top exporter of the feed with the top global consumer. The pact will be signed by Argentine and Chinese officials in Buenos Aires on Wednesday, Argentina's agriculture ministry said in a statement.
* Joint Ivory Coast/Ghana cocoa price plan gets EU backing. * Plan aims to ease farmer poverty and deforestation. By Ange Aboa. Higher prices are needed to ensure cocoa production becomes more sustainable, a senior European Union official said on Tuesday, backing plans by top growers Ivory Coast and Ghana to levy a "living income differential" on sales.
Two Rivers Water & Farming Co (TURV): * TWO RIVERS TO ACQUIRE HEMP FARMING AND CBD EXTRACTION ASSETS OF MONTEVERDE PARTNERS Source text for Eikon: Further company coverage:
American farmers helped elect President Donald Trump in 2016 on hopes he would shake up Washington and turn around a struggling agricultural economy, but many of his policies have actually stung farmers, notably his trade war with China and biofuel waivers for oil refiners. Many farmers are angry, and some are directing their anger not at the Republican president, but at Washington's bureaucracy.
* Factory deflation for 2nd month highlights weakening demand. * China Aug PPI -0.8% y/y vs -0.3% in July. * Aug CPI +2.8% y/y, unchanged from July, but food soars. * More monetary easing expected to shore up growth -analysts. By Yawen Chen and Se Young Lee.
Bunge Ltd (BG), one the world's biggest grain traders, recently disclosed the 1.6% stake it had purchased in the fast-growing fake-meat startup Beyond Meat.
Canada, locked in a major dispute with Beijing, is taking the first formal step at the World Trade Organization to challenge China's decision to block Canadian canola exports, Trade Minister Jim Carr said on Friday.
Canada is taking the first formal step at the World Trade Organization to challenge China's decision to block Canadian canola exports, Trade Minister Jim Carr said on Friday. Carr said in a statement that Ottawa was seeking bilateral consultations with China at the WTO.
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