Peso weakness delaying feed importations.
The Philippine peso's fall against the dollar has deterred importers of wheat and feed ingredients from booking fresh orders, but it could spur coconut oil exports, trade sources said yesterday. But the peso's drop has had no immediate effect on sugar trade. The currency, which...

Gov't mulls rehab plan for coco industry.
The government is drawing an immediate and long-term plan to revive the ailing coconut industry adversely affected by the decline in the price of coconut oil, strong competition against Asean countries and the unabated cutting of coconut trees. The Board of Investments (BOI) would closely coordinate with...

Subsidy for coco farmers eyed.
The government plans to provide farmers with a subsidy to help them cope with a drop in copra prices to a 15-year low, Agriculture Secretary Edgardo Angara said. "Our main concern is how do we prop up this very pivotal industry...and how do we make them survive...

Coco refiners import cheap palm oil.
In a statement, Coconut Oil Refiners Association and Federation of Philippine Industries president Jesus Arranza said the project is in coordination with the Office of the President and the Department of Agriculture (DA). Arranza said they will initially bring in 2,000 metric tons of palm olein from...

Bunge Reports Third Quarter Results.
WHITE PLAINS, N.Y., Oct. 23 /PRNewswire-FirstCall/ -- Bunge Limited -- Cash provided by operating activities was $2.2 billion in the quarter -- The Company is maintaining its full year 2008 earnings guidance -- Financial Highlights (In millions, except per share data and percentages) Quarter Ended Nine Months...

Heinz Reports 2Q Results; Earnings Catch Up.
FOOD AND BEVERAGE CLOSE-UP-26 November 2008-Heinz Reports 2Q Results; Earnings Catch Up(C)2008 - CloseUpMedia - newsdesk@closeupmedia.com H. J. Heinz Company has announced its second-quarter earnings. In a release, the company stated: - It had second-quarter earnings of $0.87 per share, a 22.5 percent...

Himfr.com Analyzes Soybean Market Trend in China.
BEIJING, Nov. 18 /PRNewswire/ -- Himfr.com ( http://www.himfr.com/ ), one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, analyzed that amid a global economic downturn, the China soybean (http://www.himfr.com/buy-soybean/ ) market will remain stable with prices standing above 3.6 yuan/kilo towards...

P/$ rate closes at P44.38/$ 1.
Recto pushes balanced budget The government should stick to its original goal of balancing the budget only in 2010 given a softening global economy, newly-appointed Economic Planning Secretary Ralph Recto said yesterday. The government is thinking of proposing to Congress a budget of around P1.4 trillion for...

P/$ rate stands at P44.135/$ 1.
Export fund okay simplified The Export Development Council (EDC) has simplified the system of availing the P200-million export promotions fund. The fund was put together at the height of the strong peso crisis that hit exporters last year. "We have barely six months to give out the...

Fields for FOF.
Easily, this is one of the biggest Public-Private Partnerships (PPP) in gross value, and is a major step towards attaining food security. The pledged investment of the two corporate giants, roughly equivalent to R45 billion at current exchange rates, dovetails with and slightly doubles the Government's R43.7...