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July 15, 2013

15/07/2013: Indian wheat stock policy; Czech climate change station; grain pirates

Inflation in cereals remains above 17 percent in India as food grain stocks reach close to 80 million tonnes. 

The Committee on Agricultural Costs and Prices (CACP) paper estimates that the buffer stocking requirement will go up as a result of the Food Security law.

A new station has opened near Bystrice nad Pernstejnem, Czech Republic. It will examine the impact that expected climate changes will have on crops and plants. Michal V. Marek, from the Academy of Sciences' Centre of Global Change Research, said during a ceremonial opening. 

The station, financially supported by the EU, consists of 24 automatically controlled chambers similar to greenhouses, that enable researchers to simulate different climate phenomena which experts expect to develop in the Czech Republic in the next hundred years.

International shippers crossing the Indian Ocean and Arabian Sea have been terrorised by Somali pirate crews.

Steven Burt, managing director of PentAg Nidera, said his parent company, a Dutch-based grain trader had seen two vessels pirated of late.

“It’s something that does cost the industry money,” Mr Burt told The Land, Australia.

Mr Burt said the Somali pirates had a solid business model together.
Barley is a major animal feed crop.
Barley is a major animal feed crop. (Photo credit: Wikipedia)

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