Fertiliser for Brazil's agro-economy ++ EU exports sugar, sugar <-> wheat interaction

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Two FT articles today

January 27, 10:30pm Vale in $3.8bn deal for Bunge's Brazil assets Vale, the world's largest miner of iron ore, on Wednesday confirmed it had reached a deal to expand its fertiliser business through the purchase of Bunge assets in Brazil for $3.8bn in cash. 'Brazil is the world's biggest producer or exporter of soyabeans, coffee, sugar, chicken, beef, ethanol and orange juice. It is the fifth-biggest consumer of fertilisers and one of the biggest importers of phosphates, potash and urea.' http://www.ft.com/cms/s/f607a856-0b7b-11df-8232-00144feabdc0,s01=1.html January 27, 8:45pm Brussels to lift sugar exports amid shortfall The European Commission plans to allow European farmers to export an additional 500,000 tonnes of sugar before the end of July to ease a worldwide supply shortage that has driven prices to their highest levels for almost 30 years. 'However,European ethanol producers have been turning to wheat as a cheaper feedstock while sugar demand from the chemical industry has been weakened by the recession.' http://www.ft.com/cms/s/6d0a5342-0b7f-11df-8232-00144feabdc0,s01=1.html

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Andrew
Councillor Andrew Boswell
Green Party Group Leader
Norfolk County Council E: andrewboswell@fastmail.co.uk; T: 01603-613798, M 07787127881

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