first_imgQPR face competition from Tottenham for the signing of Nottingham Forest defender Jamaal Lascelles, according to the Daily Mail. West London Sport this week revealed that Rangers had made an offer for the 20-year-old centre-back.And the Mail say Spurs are planning to table a £5m bid for Lascelles, who made 34 appearances for Forest last season.It is also suggested that the player would prefer to stay in the north rather than move to London.Lascelles has been watched by several clubsMeanwhile, the Daily Star claim Eliaquim Mangala wants to join Chelsea despite Manchester City agreeing a £32m deal for the Porto and France defender.And there is speculation over the future of Petr Cech amid reports that he could be ousted as Chelsea’s first choice goalkeeper by Thibault Courtois.The Mirror reports that Cech’s agent Viktor Kolar is confident the 32-year-old will be snapped up by a top European club if he loses his place.Kolar is quoted as saying: “We have not been given any signals that Petr would be made available.“If that was the case, though, you have to realise that Petr is one of the world’s top goalkeepers and has a certain salary.“There are not many clubs who could afford to sign him. If he were to leave, we’re discussing two or three clubs in the world.”Follow West London Sport on TwitterFind us on Facebooklast_img read more

first_img11 May 2012African agriculture is undergoing a transformation, creating a new era of opportunity for both farmers and investors, according to African and global leaders at the World Economic Forum on Africa.The Grow Africa Investment Forum, convened jointly by the African Union, Nepad and the World Economic Forum (WEF), engaged over 270 leaders at the gathering in Addis Ababa, Ethiopia on Thursday.These included heads of state and government from Ethiopia, Rwanda and Tanzania, as well as leaders of African and global business, international and donor agencies and farmer organizations.Huge investment potentialForum participants noted that African agriculture offers tremendous growth potential to investors, which in turn promised to strengthen food security and economic opportunity on the continent.Greater private-sector investment and improvements to the business enabling environment were needed to capture this potential, delegates were told.The leaders noted that much of the continent’s agricultural potential remains untapped. “We have scratched the surface, but we haven’t yet broken the mould,” said Ethiopian Prime Minister Meles Zenawi. “When we do that, you will see the explosion of development in Africa.”During Thurday’s session, seven countries showcased specific investment and partnership opportunities aligned to their national priorities for agricultural transformation.‘We are ready to do business’“We are ready to do business; that’s why we came to this meeting,” said Tanzanian President Jakaya Kikwete, noting that Tanzania’s agriculture investment strategy prioritized groups that could most benefit from new market opportunities.“When we bring in the private sector, it is to benefit the smallholder farmers,” Kikwete said. “We need to modernize agriculture and make it more attractive to youth.”President Kikwete added that governments had an important role to play in providing support in areas of irrigation, inputs and building commodity markets. However, private sector investment was also essential in order to avoid over-dependence on subsidies.Rwandan President Paul Kagame said that African countries could “mobilize farmers into an entrepreneurial mindset and create new opportunities for women, youth and rural entrepreneurs.”‘New ways of leveraging the agriculture sector’The Grow Africa partnership has developed significant momentum since it was launched at the 2011 World Economic Forum on Africa in Cape Town, South Africa.A total of 116 companies participated in the Grow Africa Investment Forum, including 49 African and 47 multinational companies, plus 20 from other regions such as Asia and the Middle East.“Much of the investment in Africa can come from Africa if we provide the right financing mechanisms and policy environment,” said African Export-Import Bank president Jean-Louis Ekra.According to Unilever executive vice-president Frank Braeken, African leaders “are defining new ways to leverage the agriculture sector as a driver of inclusive and sustainable growth. This offers new agribusiness opportunities that are increasingly attractive to investors.”Empowering African farmers ‘crucial’Participants agreed that empowering African farmers would be central to the future of agriculture on the continent.“Smallholder farmers are a sleeping giant in Africa,” said Dyborn Chibonga, CEO of the National Smallholder Farmers’ Association of Malawi. “That sleeping giant needs to be mobilized into collective action groups.”Ethiopian Prime Minister Meles Zenawi said the way to realize this was through increasing the productivity of small farmers and having them well organized and collaborative in order to take advantage of supply chains and investmentsEthiopia has achieved significant gains in agricultural productivity using this model in recent years, setting aside 16% of its national budget for agriculture – well above the 10% to which all African governments have committed themselves.The Grow Africa partnership, coordinated by the African Union, Nepad and the WEF, aims to “galvanize sustainable investment into African agriculture based on country-led priorities,” the WEF said on Thursday.According to the WEF, Grow Africa builds upon the CAADP, which works to boost African agricultural productivity through sector development plans. Rwanda, Burkina Faso, Tanzania, Mozambique, Ghana, Kenya and Ethiopia are the first countries to engage with Grow Africa.“The Grow Africa platform is open to all countries, and can accelerate the implementation of national investment plans developed through the Comprehensive African Agricultural Development Programme,” said African Union chairperson Jean Ping.The potential seen in African agriculture presents a transformational opportunity, according to WEF vice-chairman Josette Sheeran. “Working together, we can ensure that when we meet in 10 years, it will be in an Africa that is not only feeding itself, but helping to feed the world.”SAinfo reporter and World Economic Forumlast_img read more

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Todd Hubbs, Department of Agricultural and Consumer Economics University of IllinoisThe evolving developments with tariffs between the U.S. and China continue to influence the outlook for soybean prices. The relationship between U.S. and competitor export prices along with the changing nature of trade flows merit monitoring during the 2018-19 marketing year.The implementation of tariffs on Chinese goods and the subsequent retaliation led to an adjustment of trade flows in world soybean markets over the last few months. As the tariffs, went into effect, a price gap opened between Brazilian and U.S. export prices. The gap continuously widened when comparing an index of soybean prices at the port of Paranagua and New Orleans prices since early June. The gap reached its broadest level in early September at approximately $1.90 per bushel difference. New Orleans prices came in near $8.50 per bushel. It is difficult to predict future changes in the spread between the two prices, but it directly relates to the tariff level in China on U.S. soybeans.The development of this price gap indicates the impact of tariffs on soybean markets and highlights switches in Chinese soybean buying this year. Brazilian soybean exports attained record levels in May with exports coming in at 453.7 million bushels. Soybean exports from Brazil continued to show strength through August with the Brazilian export pace exceeding the previous five-year average by 47.5% according to Brazilian export data. Meanwhile, the large drop in U.S. soybean prices led to a jump in soybean exports over the last quarter of this marketing year from the U.S.The USDA soybean export estimate for the 2017-18 marketing year currently sits at 2.11 billion bushels, an increase of 45 million bushels since the June estimate. An expectation of additional bushels added to soybean exports for the 2017-18 marketing year looks probable based on recent export reports. Census Bureau export estimates through July placed soybean exports at 2.051 billion bushels. Census Bureau export totals came in 56 million bushels larger than cumulative marketing year export inspections over the same period.As of Aug. 30, cumulative export inspections for the current marketing year totaled 2.068 billion bushels. If the same difference in export pace continued through the remainder of the marketing year, soybean exports would total 2.124 billion bushels for the 2017-18 marketing year, 14 million bushels above the current estimate. From August into early September, export inspections of soybeans averaged 30.6 million bushels per week. Low soybean prices encouraged exports to destinations other than China in the previous two months.A detailed look at July export totals by country, the first full month under the new tariffs, provides a glimpse of how trade flows appear to be adjusting. While Chinese imports fell by 10.7 million bushels from last July, numerous countries increased soybean purchases at the lower prices. Egypt, the European Union, and Taiwan saw the highest increases over last year at 10.9, 5.7, and 8.7 million bushels higher respectively. U.S. soybean exports to China typically reach the lowest levels of the marketing year in the summer and build strength as U.S. harvest progresses. A large pullback in Chinese demand for U.S. soybeans appears set to continue indefinitely. The growth in soybean exports around the world relies on the lower prices in place since June.A large amount of uncertainty surrounds soybean exports in the 2018-19 marketing. Currently, the USDA forecasts 2.06 billion bushels of soybean exports. Export sales for the next marketing year sit at 510.4 million bushels as of Aug. 30, down 54.8 million bushels from last year. Sales to China came in at 46.5 million bushels, down 80% from the same time last year. Stronger sales figures to Mexico, Canada, and Pakistan mitigated weaker sales totals. The ability for the rest of the world to make up for typical Chinese exports in the first half of the 2018-19 marketing year, when U.S. exports to China are at the highest levels, seems unlikely.The USDA reduced the Chinese soybean import forecast to 3.491 billion bushels in the last WASDE report. Recently, the spread of African swine fever saw China indicate an even further reduction in soybean imports over the next year to 3.2 billion bushels, down 9.5% from last year. While decreased Chinese import projections may be optimistic, the prospect of substantial increases in U.S. and South American soybean production next marketing year under a lower export demand scenario would keep U.S. prices under pressure.The growth of the U.S. trade deficit to China in August and the high likelihood of another round of tariffs between the two nations makes a resolution of trade issues a low probability event for the near future. U.S. exports of soybeans jumped over the last quarter of the marketing year as lower prices spurred demand around the world. A large U.S. crop with lower export demand over the next marketing year set up a bearish picture for soybean prices.last_img read more

first_imgBrace for potentially devastating typhoon approaching PH – NDRRMC NBA: Kawhi, George seek more for Clippers than beating Lakers PLAY LIST 01:48NBA: Kawhi, George seek more for Clippers than beating Lakers00:50Trending Articles03:12Kevin Durant out with Achilles injury; to undergo MRI on Tuesday01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Read Next Mavericks: Rookie guard Dennis Smith Jr. was one of the players identified in the Yahoo Sports story on federal documents obtained in the FBI’s investigation into college basketball corruption. It alleged Smith received $43,500 and was loaned another $73,500. Said Smith at the morning shootaround: “I’m a firm believer in God and everything happens for a reason. Whether it’s going to strengthen you or destroy you, you make that decision. But since I’ve been here, it’s been a class organization from top to bottom, starting with Mark Cuban and all the way down to players like myself. It’s been great, fantastic. I’m here to play basketball. Everything else to me is just noise and I have to block all that out.”Lakers: The Yahoo Sports report also said rookie forward Kyle Kuzma received $3,000 and $6,500 in loans. Kuzma would not say prior to the game whether the story was accurate. “Hmm, I’m not going to say anything really,” he said. “Just gathering information about it and whatnot.” He called it a legal matter, though he did not believe he was in jeopardy. “I don’t know. I don’t think so,” he said. “That’s why we’re trying to gather information about everything. It is a federal investigation the NCAA is dealing with.” Kuzma did say the story was a distraction. “Yeah, for sure,” he said. “It’s the NBA right now and we’re focusing on trying to win games, and things like this come about, it’s definitely a little distraction.”UP NEXTMavericks: Play on back-to-back nights when they travel to Utah on Saturday.Lakers: Also play on consecutive nights, traveling to Sacramento on Saturday.ADVERTISEMENT Typhoon Kammuri accelerates, gains strength en route to PH Prolific Davis lifts Pelicans past Heat in OT Los Angeles Lakers guard Lonzo Ball returns after missing 15 games due to a knee injury. APLOS ANGELES — Julius Randle had 18 points, 12 rebounds and 10 assists and rookie Lonzo Ball made a triumphant return to the lineup as the Los Angeles Lakers beat the Dallas Mavericks 124-102 on Friday night.Ball, who was sidelined for 15 games with a knee injury, had nine points, seven rebounds and six assists in 17 minutes. Isaiah Thomas had 17 points and Kentavious Caldwell-Pope and Brandon Ingram scored 15 apiece to help Los Angeles stop a three-game slide.ADVERTISEMENT Families in US enclave in north Mexico hold sad Thanksgiving LATEST STORIEScenter_img Pussycat Dolls set for reunion tour after 10-year hiatus MOST READ Don’t miss out on the latest news and information. LOOK: Iya Villania meets ‘Jumanji: The Next Level’ cast in Mexico Google honors food scientist, banana ketchup inventor and war hero Maria Orosa It was Randle’s second triple-double this season and No. 5 for his career. Josh Hart added 12 points and 10 boards as the Lakers enjoyed a 61-29 advantage on the glass.Wesley Matthews and Harrison Barnes each scored 19 points for the Mavericks (18-41), who have dropped five of six.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutThe Lakers jumped out to 23-5 lead and had a 63-41 advantage at the break.TIP-INS AFP official booed out of forum View commentslast_img read more