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News > Commodities
Analyst: Sugar should level off and don't expect dramatic drop in cocoa prices
There will be no dramatic drop in cocoa prices in the coming months as forecast by numerous speculators hoping to cash in on a downward trend, reports a cocoa market...
Rabobank’s commodity outlook puts weather centre stage
Elevated agricultural commodity prices will remain this season as unfavourable weather impacts production, offering little chance to replenish stocks, according to Rabobank.
Sugar prices go higher; but no EU intervention needed, says Rabobank
Global sugar prices have reacted strongly to the news of lower Brazilian output but the upward movement does not trigger the need for any additional EU intervention on the commodity...
Global sugar stocks to “return to surplus”
A turn-around in the global sugar market is forecast following three years of declining stocks, according to analysts at the sugar broker Czarnikow.
French drought could push up global wheat prices
France’s driest spring in 50 years is likely to have a heavy impact on its wheat harvest and could drive up global wheat prices, according to French agriculture minister Bruno...
Drought set to boost European cereal and sugar prices
Prolonged drought in northern Europe has already capped yields of cereals and sugar beet and, without significant rainfall over the next two months, could significantly boost prices, warn analysts.
Allied Bakeries boss warns of bread price rises
Mark Fairweather, chief executive of Allied Bakeries, has called on retailers to accept inevitable bread price rises due to rising input costs, and specifically pressure arising from global speculation on...
Rising commodity costs prompt Solae to raise global soy prices
Rising commodity costs are the main reason behind Solae’s decision to lift its global soy prices by between six to 10 per cent from April 1, 2011, according Reinhart Schmitt,...
$40m grant to aid research into the elimination of evolving wheat pathogens
A $40m injection will aid US university research into the elimination of “deadly” wheat pathogens by identifying new stem rust-resistant genes.
Comment
Arab Revolt underlines the need for action to remedy high food prices
When Tunisian street vegetable vendor Mohamed Bouazizi chose to end his life in fiery suicide, no one could have foreseen the firestorm his death would unleash across the Arab world....
Wheat to go higher, sugar to ease, predicts Rabobank
Current uncertainty suggests further price gains are likely in wheat over the coming months with EU prices expected to set record highs prior to the new crop harvest, predicts agri...
Wheat price volatility reflects concerns over Australian floods
US wheat futures experienced volatility this week with traders concerned that floods in Australia would hamper transportation of wheat and export commitments would not be met.
Wheat prices likely to remain high over year ahead
Bakers may have to get used to higher wheat prices following the spike in mid-2010 as signs are that world production may not rebound as fast as it did after...
EC must reverse decision on out-of-quota sugar and release internally, CIUS
The CIUS is calling for the European Commission to act now to keep sugar supplies within the EU market rather than export the sweetener, with it claiming that EU based...
Warning that sugar prices could surge to 30-year high
The leading traders of physical raw sugar claim that the commodity is likely to surge to a 30-year high in the coming months, with all eyes on the pending Indian...
Jungbunzlauer hikes citric acid, xanthan gum prices
Concern around stock levels of commodities such as sugar, wheat and corn, is claimed by ingredients group Jungbunzlauer as the rationale behind its 10 per cent hike in the price...
Commodities to rise but you’ll cope, analyst tells industry
European food manufacturers will experience commodity inflation in the second half of 2010 but it will be more manageable than it has been in the past, predicts an analyst.
Wheat volatility leads to surge in global food prices, finds FAO
The FAO has revised downward its forecast for 2010 world wheat production levels and reports that wheat market dynamics drove international food prices up in August by 5 per cent...
Comment
Don’t worry about wheat prices: Look at grain stocks
There’s nothing like a shortage of wheat to send some news media searching for superlatives. Talk of “soaring” wheat prices and “rocketing” bread prices were common, in the British press,...
Monsanto invests in collaboration with Australian wheat breeders
Monsanto has announced a new wheat breeding program with Australian wheat breeding firm InterGrain, which could lead to drought-resistant wheat and improved end-use qualities, the companies said.
Bringing flour improvers to Africa and the Middle East
German flour improvers specialist Muhlenchemie has many years' experience in the fast-growing bakery markets of Africa and the Middle East - but each country and bread-eating culture requires a slightly...
Hedging on Russian wheat may mean EU bakery price hikes, economist
A leading economist says that industry sources and analysts predicting the Russian wheat export ban will have little impact on EU food prices are “naïve”, and overlook the fact that...
Bakery industry shielded from wheat price hike, for now
Rabobank has predicted that wheat prices are likely to ease but warned that the bakery industry may struggle to pass on higher costs to consumers if prices remain high.
World wheat shortage unlikely, says US agriculture secretary
US Department of Agriculture (USDA) Secretary Tom Vilsack said on Tuesday that world wheat supplies are robust, despite fires that have devastated Russian wheat crops and flooding in Canada.
EU should act to end food speculation after wheat price rises, warn millers
Co-ordinated EU-wide action is needed urgently to end food price volatility induced by market speculation, warns the European Flour Milling Association after wheat prices reached a 23-month high yesterday.
