Four of the five largest shipping firms in the world will veer from the Red Sea route due to attacks. This decision has put oil and seaborne wheat shipments on the line. Yemeni Houthis have intensified attacks on ships they link to Israel, a country also facing war-fueled trade disruption. The Iran-supported rebels claim to have...
South Korea intends to end profitable dog meat business, even as the Philippines announces cuts in 2023 meat imports. These two happenings are rocking the East Asia meat scene in the holiday season when meat consumption is usually high. In South Korea, the new bill seeks a stoppage in rearing dogs for meat production as well as...
An organic flower farm in Huson, Montana, the County Rail Farm, has received a $250,000 grant by the U.S. Department of Agriculture (USDA). This comes as a part of President Joe Biden’s commitment to drive organic farming in rural America. The farm, which is located in Montana, grows vegetables and blooms by organic means without using pesticides. This...
End-of-year data by Stats SA (Statistics South Africa) shows a quarter 3 decline in the agricultural sector by 9.6%. This is even as the long-standing consumer inflation slowed by 5.5% in November. The decline owes mainly to a slump in the cultivation of crops, low supply in animal products and port delays. The three factors edged the...
UWL is one of the major shipping and logistics providers offering trans-Pacific cold storage shipping for American and Asian clientele. Besides its cutting edge on-board refrigeration for perishable freight, the firm also provides warehouse storage and in-house customs brokerage. One of UWL’s trailblazing services is the Sun Chief Express service from Seattle to Asia, a total...
Thanks to the mild subtropical and humid climate of southern China, Luodian county in Guizhou has successfully completed its main navel orange harvest. The harvest for this very popular variety of oranges in China began in mid-November 2023, with late-maturing navels ready by early spring, 2024. According to China Daily, fair monsoon weather and fertile terrain boosted the harvest in...
The U.S. Department of Agriculture (USDA) and the National Agricultural Statistics Services (NASS) will finalize the yearly crop report on January 12, 2024. Partially compiled from crop production and grain surveys, the report presents the Crop Production Annual Summary and the Grain Report. These two documents are important prediction sheets for marketers and farmers alike. Grain...
COP28 ended today in Dubai after bagging a hard-fought draft detailing on a global transition away from fossil fuels. UN Secretary General Antônio Guterres praised the Dubai breakthrough despite its coming short of its aim for a total phase-out. In a statement, Guterres cited the inevitability of a phaseout “to those who opposed a clear reference to...
Onion prices in India will fall by 42% to 40 rupees ($0.48) per kilogram by January 2024, according to the government. Consumer Affairs Secretary, Rohit Kumar Singh gave the timeline of the price reduction on December 11. Briefing the press at the Deloitte Growth with Impact Government Summit, Singh emphasised that prices will meanwhile remain...
New findings on ginseng roots have rocked the medical field including their anti-obesity effect on gut microbiota and the regulation of colon colitis. The findings are some of the health-related factors driving the global ginseng market size in 2023 and beyond. Experts forecast that the rising use of ginseng roots in health remedies will push the global...