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Morning round-up, Wednesday October 09

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* According to ANZ Bank, China’s struggles with African swine fever continues to drive New Zealand beef prices.

 

However, it added, this situation will not lift prices much more than current levels as “some price resistance is now being encountered”.

 

The bank said that China is now the largest market for New Zealand beef.

 

 


* Japan is looking to purchase 114,012 tonnes of food-quality wheat in a new tender that expires on Thursday.

 

The country is looking to source the wheat from the US and Canada.

 

 


* Argentina’s Kofman y Lissarrague opened a new animal feed plant in San Luis province following a $1.06m investment.

 

The plant will initially produce around 600 tonnes of feed per month, but the company plans to increase output threefold in the near future.

 

 


* Egypt’s agriculture ministry revealed on Tuesday that the country is projected to produce 4m tonnes of white rice for the 2019-20 season.

 

Alaa Khalil, head of the ministry’s crop institute, told Reuters that this is substantially more than the 2.7m tonnes Egypt produced last season.

 

 


* France’s agriculture minister Elisabeth Borne said the country will not be signing the farming deal the EU recently struck with Mercosur countries due to Brazil not “respecting” the Amazon rainforest nor the Paris climate agreement.

 

 

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