Country 105

Country 105


Agriculture Report

World Food Prices On The Decline

By Manny Paiva

August index for the U-N's Food and Agriculture Organization was down 3.6 per cent from July.


Length: 1:00

You may not notice it at your grocery store -- but food prices around the world are falling.

The August index for the U-N's Food and Agriculture Organization was down 3.6 per cent from July.

That is the fifth straight month the index has dropped.

It's also the lowest the index has been since September of 2010.

The report says prices for all the commodities went down in August -- except meat.

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Holstein Canada has released a study into the value of its classification system.

A year-long, collaborative study was done with Canadian DHI and the Canadian Dairy Network.

It aims to show the value of an animal's functional traits and final score in relation to profitability.

Holstein Canada's Doctor Bethany Muir says the study gives producers something they can relate to and understand -- the profitability of their animals in dollars per day of life.

Holstein Canada is making its booklets available through its website and through classifiers and provincial field staff.

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An economist with the U-S Department of Agriculture says China is leading the way in terms of global demand for soybeans.

Joe Glauber says the department doesn't see any reduction in that demand.

The U-S-D-A now expects American exports to hit a record 1.7 billion bushels for the 2014-15 crop year.

The USDA has also boosted how big it expects this year's American soybean crop to be to 3.9 billion bushels -- up 100 million from earlier forecasts.

 


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