Linked In
News In
Linked In

You are viewing your 1 complimentary article.

Register now to receive full access.

Already registered?

Login | Join us now

Morning round-up, Tuesday February 13

Twitter Linkedin eCard

Nufarm said that Australian regulators have granted approval for of its canola seed genetically modified to be the world’s first plant-based source of long-chain omega-3 fatty acids.


The Australian Office of Gene Technology Regulator announced that Nuseed’s omega-3 canola has been approved for cultivation and use in animal feed, while Food Standards Australia New Zealand has granted approval for use in food in Australia and New Zealand.


“We remain on track with our plan to commence commercialisation in 2019, with production programmes planned in the US, pending US approval,” said Andy Thomas, Nuseed global general manager innovation and strategy.




Syria’s state grain agency, the General Establishment for Cereal Processing and Trade (Hoboob), has issued an international tender to purchase 300,000 tonnes of wheat, Reuters reported.


The tender, which closes on February 21, invites tenders of wheat sourced from Russia, Romania or Bulgaria, for shipment between April and the end of June.




FMC Corp reported revenues for the October-to-December period of $980m – a rise of 42% year on year at a headline level, or 14% excluding the acquisition of agrichemical interests from DuPont.


Earnings for the quarter, on a GAAP basis, rose to $530m, from $16m a year before.


“In Ag Solutions, our legacy business posted 9 percent revenue growth versus the same quarter last year, and our integration of the DuPont crop protection business is proceeding very well,” said Pierre Brondeau, the FMC chairman and chief executive.




Indian sugar prices have recovered by some 1 rupee a kilogramme to 30.50 rupees a kilogramme since the government last Tuesday doubled to 100% the import duty on sugar, the Economic Times reports.


Spot prices of M 30-grade sugar in New Delhi, having tumbled by 6% between January 10 and 31, have rebounded by more than 3%.

Twitter Linkedin eCard
Related Stories

Evening markets: Calendar and dollar revival provoke ag market reversal

For cotton futures, that means a higher close, but the likes of soybeans and corn struggle. Coffee futures maintain downward trajectory

Weekly grain and oilseed market view from Europe

Sluggish EU wheat exports... but buoyant feed demand... impact of euro currency moves...

Morning markets: Year of the dog starts broadly positive for ags

That is, what movement there is is largely upward. But the lunar new year is not the only calendar factor to watch out for...

Evening markets: Dollar weakness, weather worries lift ag prices

Cocoa futures prove particularly strong, while soymeal sets a 19-month high, and corn futures a six-month top
Home | About | RSS | Commodities | Companies | Markets | Legal disclaimer | Privacy policy | Contact

Our Brands: Comtell | Feedinfo | FGInsight

© 2017 and Agrimoney are trademarks of Agrimoney Ltd
Agrimoney is part of AgriBriefing Ltd
Agrimoney Ltd is registered in England & Wales. Registered number: 09239069