Georgia Cotton Bale Rating and Food Price Index Record

0

Georgia Cotton Bale Rating and Food Price Index Record

From the Ag Information Network, I’m Bob Larson with your agribusiness update.

**Every three years, Georgia cotton growers have the opportunity to vote to maintain the $1 per bale assessment that funds the Georgia Cotton Commission’s research, promotion and education programs.

www.gfb.org reports that the Georgia Department of Agriculture recently recorded the votes, and the result shows that 93.8% of voters support continuing the assessment that funds the GCC.

The Georgia Cotton Commission is a producer-funded organization that began in 1965.

www.gfb.org/media-and-publications/news.cms/2022/1245/georgia-cotton-growers-vote-to-continue-assessment/?utm_source=ConstantContact&utm_medium=Email&utm_campaign=GFBFieldNotes040622

** The Food and Agriculture Organization of the United Nations says its food price index hit a record high in March.

The index averaged 159.3 points, up nearly 18 points from February.

The index’s 12% jump in March propelled it to the highest level since the index began in 1990.

The latest increase reflects all-time highs for the vegetable oils, grains and meat sub-indices, while sugar and dairy also rose significantly.

**US beef exports posted another strong performance in February.

USDA data compiled by the US Meat Export Federation indicates that the good month for beef was led by excellent value growth in major Asian and Latin American markets.

Beef exports reached 108,500 metric tonnes in February, up 5%.

The value of beef exports increased 35% to over $904 million.

According to USMEF President Dan Halstrom, international demand has never been higher and global supply remains tight.

Share.

About Author

Comments are closed.