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Added on the 01/10/2015 11:33:07 - Copyright : Reuters EN
A ban on sale of cattle for slaughter is threatening to push million of Indian farmers into extreme poverty. Yiming Woo reports.
The cocoa market hit record highs in mid-November, and it's all down to one company's novel method of sourcing cocoa beans. Markets Insider reports the chocolate manufacturer bought cocoa beans through the ICE Futures exchange instead of from physical suppliers. The trade allows Hershey to obtain cocoa at lower prices, as chocolate producers typically buy from vendors who charge various premiums. The trade was so big it lifted December-delivery contracts as much as 13.4% from November 13 to November 16. A Hershey spokesperson says the company continues its 'substantial cocoa sustainability works' to combat poverty and deforestation. The spokesperson added Hershey continues to pay the Living Income Differential and invest in training for farmers to diversify their crops.
A deadly moth is destroying Nigeria's tomatoes sending prices soaring 700 percent and forcing the local government to declare a state of emergency. Hayley Platt reports on the impact.
A Nigerian union has defied a court ban to launch a general strike in protest at a planned hefty increase in fuel prices, though many businesses and government offices opened as normal. Laura Frykberg reports
Thai sugar cane farmers are taking a hit from the worst drought in Thailand in more than twenty years. As the world's second-largest exporter of sugar, the drop in exports is contributing to forecasts for a widening global supply deficit this year, and fuelling a rally in international prices. Hayley Platt reports.
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