Energy News  





.
FARM NEWS
Argentina uneasy over La Nina hit on crops

disclaimer: image is for illustration purposes only
by Staff Writers
Buenos Aires (UPI) Jan 12, 2011
Argentina is feeling the effect of La Nina weather phenomenon on cash crops that are likely to have sharply lower yields because of low rainfall totals.

Corn and soybean prices rose in response to anxiety over a lack of rainfall that has prompted producer groups to lower yield forecasts.

Poor rainfall began worrying agriculture industry in December in response to La Nina diminishing rain over Argentina. U.S. and Latin American meteorological centers said drought conditions could deepen through the first quarter of 2011.

Officials said estimates for Argentine corn yields were already down from 25 million tons in December to 20 million tons and didn't rule out further downgrades as the dry season persisted.

Soybean crops were also affected by La Nina phenomenon, agriculture industry sources said.

The combination of poor rainfall totals and above average temperatures pose threats to corn pollination and soybean developing for a satisfactory harvest.

Amid forecasts of declining corn yields, prices rose 45 percent over last year, partly in response to growing demand.

The demand-supply deficit in global corn yields is already set to have grown to more than 17 million tons this year.

Industry analysts said Argentina's soybean harvest was also likely to drop because of La Nina. Argentina is the world's largest soybean producer after the United States and Brazil.

Meanwhile, United States agriculture estimates showed U.S. grain stockpiles could be the lowest in several years.

The U.S. Department of Agriculture is expected to show in its monthly crop report a further deterioration in supplies and also to issue its own estimates on the crop situation in Argentina and Australia, which is seeing flood conditions because of La Nina.

World grain markets are steadily on the rise, in response to bad weather conditions and rising demand. The U.N. Food and Agriculture Organization said international food prices topped the record set in 2008.

Forecasts for Australia's wheat crop are also expected to report lower yields as the country struggles with massive flooding. La Nina-related weather events earlier devastated large areas of Pakistan and caused widespread drought in the Black Sea wheat belt.

The drop in U.S. stockpiles is at least partly due to soaring Chinese demand for soybean.

Prices and supplies were also affected earlier by poor crop yields in Russia.

Officials said they hope higher grain prices would encourage farmers and agriculture industry at large to widen crop areas.

Analysts said there is optimism in the market over recovery in wheat production, partly due to the expansion of crops in the United States but corn and soybean yields still depend on the next direction of La Nina phenomenon.




Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Farming Today - Suppliers and Technology



Tempur-Pedic Mattress Comparison

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News
FARM NEWS
World agriculture threatened by water gluttony: report
New York (AFP) Jan 12, 2011
World agriculture employs more than one billion people but is in trouble because it's the biggest consumer of ever scarcer water and a huge producer of greenhouse gas emissions, a new report said Wednesday. Worldwatch Institute, a research group on climate, energy, agriculture and the green economy, said there had to be a revolution in investment in food and water to reverse a "frightening" ... read more

.
Get Our Free Newsletters Via Email
  


FARM NEWS
NASA Image Shows La Nina-Caused Woes Down Under

Google illegally gathered data in S.Korea: police

Sat-nav turtles go on trans-ocean trek

Cyclone Tasha Adds To Severe Flooding Over Eastern Australia

FARM NEWS
China schools issue GPS phones to boost safety

Another GPS Software Upgrade Completed

GPSCaddy Golf App Now Offers Free Course Maps

ISRO To Implement Regional Navigation Satellite System

FARM NEWS
Indonesia president talks tough on forest destroyers

Canada invests Can$278 million in 'greener' paper

Predicting Tree Failures And Estimating Damage From Diseased Trees

Indonesia picks Borneo for forest preservation scheme

FARM NEWS
Study Estimates Land Available For Biofuel Crops

Pratt And Whitney Military Engines Power Biofuel Tests For USAF

Global biofuel land area estimated

Biofuel Grasslands Better For Birds Than Ethanol Staple Corn

FARM NEWS
Debunking Solar Energy Efficiency Measurements

German solar sector fears subsidy cap

China National BlueStar to buy Norway's Elkem for $2.0 bn

Chinese silicon group aims to buy Norway's Elkem

FARM NEWS
China first in wind power capacity

Siemens, Dong, test new offshore turbines

Egypt to invite tenders for wind farms

Keenan 2 Wind Farm Commences Commercial Operation

FARM NEWS
China mine blast death toll up to 26: state media

Seven found dead in China mine flood: state media

China mine flood traps at least seven: state media

29 still trapped in New Zealand coal mine

FARM NEWS
Chinese artist says Shanghai studio demolished

Citing rights failings, firm divests Cisco holdings

China's Hu pledges renewed battle on corruption

Beijing's 'mice' scurry for shelter from high costs


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement