World Agrinews

Farming practices that capture carbon and store it in agricultural soils offer some of the most promising options for early and cost-effective action on climate change in developing countries, while contributing to food security, FAO said in a policy brief prepared for the Copenhagen summit. Yet agriculture has been largely excluded from the main climate financing mechanisms under discussion in Denmark, the agency said.

China's government declared two strains of genetically modified rice safe to produce and consume, taking a major step toward endorsing the use of biotechnology in the staple food crop of billions of people in Asia.

Late harvesting is the reason for the extension, said Lance Honig, chief of the crops branch for USDA’s National Agricultural Statistics Service. “Quite frankly, with the harvest running as far behind as it is, we just felt like we wanted to continue that report until we get a lot closer to the actual completion of harvest,” Honig told Dow Jones Newswires.

Egypt’s state-owned wheat buyer, the General Authority for Supply Commodities, or GASC, said Wednesday it bought 300,000 metric tons of Russian and French wheat on a free-on-board basis.