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Wheat supply still ‘comfortable’ after USDA lowers forecast, says analyst

The United States Department of Agriculture (USDA) has lowered its forecast for global wheat end stocks for 2011/12, but supply overall remains comfortable, according to an analyst.

Wheat prices rise although FAO reports near record crop for 2012

The UN’s Food and Agriculture Organization has reported a rise in cereal prices from January to February with wheat prices raising the most. However the second highest wheat crop is...

Euromonitor commodity talk: The highs, the lows and demands

Low coffee demands, surplus cocoa stocks, rising sugar prices and a geographical shift in the wheat market, are just a few points raised by Euromonitor’s senior food analyst in its...

Mexican sugar shortage could lead to price hike unless USDA acts – analyst

Global sugar prices could rise following a shortage in Mexican production unless the US Department of Agriculture (USDA) allows additional imports, according to the Jenkins Sugar Group.

Bakery firms can seize on Scandinavian low-carb trend, says analyst

Bakery manufacturers can capitalise on an emerging Scandinavian dietary trend with new low-carb offerings, according to an analyst from Euromonitor International.

Uncertainty ahead as maize market to dictate wheat prices in 2012 – analyst

Wheat prices in 2012 are likely to be volatile and will be dictated by the global maize market and weather conditions, according to an analyst at the UK’s Agriculture &...

External influences likely to keep sugar prices high, says USDA

World sugar prices are likely to stay high in 2012 due to external factors such as government policies, oil prices and instability in the Eurozone, according to the US Department...

Sugar prices to fall for 2012 amid volatility - Rabobank

Sugar prices for the coming year are forecast to fall by 12% as the market records a surplus for the first time in three years, according to financial service provider Rabobank.

Cocoa crop boom to push prices lower in 2012 – Rabobank

A larger than expected supply of cocoa beans from West Africa will add to high buffer stocks and push cocoa prices down by 4%, according to financial service provider Rabobank.

Bakers hail CFTC vote as ‘step in right direction’ to stop index funds sending commodity markets into a spin

Moves to impose position limits on non-commercial hedgers in commodity markets mark an important step in the right direction to tackle volatility in wheat futures, says the American Bakers Association...

‘Critical’ EU sugar supplies demand urgent action: CIUS

EU sugar supplies are at their most critical levels since the 2005 sugar reform and are causing ‘extreme volatility, instability and disruption’ to the European food and drink industry.

Gloomy maize forecast adds to pressure on cereal prices

Upward pressure on cereal prices looks set to continue, following yesterday’s announcement that the US Department of Agriculture has downgraded its yield projections for maize. The 2011 crop is now...

UK bread wheat quality impresses, concern ongoing for German harvest

There is no major concern over UK bread wheat quality with over 65 per cent of the UK’s wheat harvested, claims the HGCA in its latest report; however analysts remain...

World sugar stocks on track for recovery

Sugar stocks should rise significantly from their current low levels, with analysts forecasting a global sugar surplus of around 9.5m tonnes in the 2011/12 (October-September) crop year, on the back...

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...

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