Categories
Bankruptcy Commodities

Phoenix Commodities has gone into liquidation after amassing $400m in potential trading losses

Phoenix Commodities, a trader of agricultural products with offices in Dubai and Singapore, is being liquidated after amassing more than US$400 million (S$567 million) in potential trading losses. It was valued at $1.1bn-$1.24bn as recently as January, according to a document filed by its provisional liquidators.. The Phoenix Group, which was registered in the British […]

Categories
AgTech Blockchain

Blockchain for Food and Agriculture

Blockchain is an emerging technology allowing universal transactions among distributed parties, without the need of intermediaries. Blockchain is not a single technology but uses a combination of technologies that have a considerable history in computer science and in commercial applications like public/private key cryptography, cryptographic hash functions, database technologies especially distributed databases, consensus algorithms, and […]

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Intellectual Property Rights

GI tag for Manipur black rice, ‘Chakhao’

Chakhao, a scented glutinous rice which has been in cultivation in Manipur over centuries, is characterised by its special aroma. Chakhao has also been used by traditional medical practitioners as part of traditional medicine. GI has great potential to play a major role in trade and there is a possibility of preserving many traditional skills. […]

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Agriculture

Despite lockdown, producers didn’t change planting plans in USA

As compared to 2019, planted acreage in 2020 is as follows: Corn Planted Acreage at 97.0 million acres Up 8 Percent Soybean Acreage at 83.5 million acres Up 10 Percent All Wheat Acreage at 44.7 million acres Down 1 Percent All Cotton Acreage at 13.7 million acres Down Less Than 1 Percent As compared to […]

Categories
Food Loss/Waste

Washington growers have a billion pounds of potatoes that they can’t sell

Washington growers have a billion pounds of potatoes sitting around that they can’t get rid of because restaurants don’t need them. Ninety percent of Washington potatoes go to processors. Due to this lockdown, processors and restaurants are closed. This lead growers to the brink of financial collapse. When all of that shuts down, it has a […]

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Investments

African Development Bank’s seed-bulking scheme boosts cassava yields in Zambia

For centuries, African farmers across the continent have grown cassava. But Zambia’s cassava growers were not deriving as much out of the crop as was possible. Farmers in the southern African country used low-quality planting materials and suffered from poor harvests leading to hunger and poverty across many of the country’s villages. To tackle this […]

Categories
Food Security

Being rich is no longer a guarantee that you will be able to get the food supply you want

From the French Revolution to the Arab Spring, price rises and food shortages have fueled conflict, toppled leaders and overthrown regimes. In this COVID-19 pandemic, countries may face an excruciating trade-off between saving lives or livelihoods or, in a worst-case scenario, saving people from the corona virus to have them die from hunger. Small Island […]

Categories
Food and Agribusiness

How Satellites Can Improve Decision-Making For Agricultural Investments

USDA information about crop supply and demand estimates is fundamental to both policy-makers and agricultural investors. Nevertheless, the current situation with markets and crops is changing faster than USDA report releases, especially with the uncertainty around coronavirus pandemics. The uncertainty caused by the outbreak of the COVID-19 reinforces the need for reliable, precise, politically neutral, […]

Categories
Food and Agribusiness

Positive side: Farmers in direct contact with big buyers

The lockdown is driving some long-awaited positive changes in agriculture – it is bringing farmers in direct contact with big buyers in cities and is forcing a change in cropping practices that will help rejuvenate the soil and conserve water. The acute shortage of labour will severely restrict the popular practice of paddy transplantation in […]

Categories
Food and Agribusiness

Agri Ministry launches a call centre for Agri Logistics in India

The Agriculture Ministry has set up a call centre to ease the difficulties in agri logistics, particularly the inter-State movement of perishable vegetables and fruits as well as agri inputs such as seeds, pesticides and fertilisers. The All India Agri Transport Call Centre, which will coordinate movement of produce and agri inputs, can be accessed […]