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Europe drives 4.3% global wheat surge as US drops: FAO

Global wheat production will surge 4.3% for 2013 driven by a strong European and Russian harvest, the FAO says. The US yield is expected to drop 6%.

Nearly half extra EU sugar allowance already approved for 2013

The European Commission’s sugar management committee has approved nearly half of the extra sugar allowed to be released on the EU market this year – a total of 584,000 tonnes...

Cropping a blow

Wheat the high point of a heat-affected Australian harvest

Heatwave conditions from early January and below average rainfall across Australia’s major agricultural regions have resulted in a less than favourable summer cropping season, according to the Australian Bureau of...

Commodity chats: With Rabobank

Wheat worries: Feed use could squeeze bakers

Use of wheat for feed should be lower than last year but will remain high and this could put more pressure on already tight supplies for the bakery and snacks...

News in brief

Global grains brief: Outlook tight, particularly in the US

The USDA World Agricultural Supply and Demand Estimates (WASDE) and the International Grains Council (IGC) reports both outline a tight supply outlook for the coming season, particularly in the US.

Tate & Lyle Sugars takes battle against EU to court

Sugar refiner Tate & Lyle Sugars will take its fight against the European Commission for alleged mismanagement of the European sugar market to court today. 

Prolonged high wheat prices: 'Uncharted territory for industry'

Global wheat prices have settled slightly but remain historically strong and the prolonged period of such conditions is uncharted territory for industry, according to an analyst.

FAO urges greater use of ‘neglected’ grains

The Food and Agriculture Organization (FAO) has urged greater use of neglected traditional grains, saying that there is global overreliance on just a handful of staple foods.

News in brief

Goodman Fielder offloads NZ flour milling business to Japanese firm

Australian food giant Goodman Fielder will offload its New Zealand flour milling business to Japanese firm Nisshin as part of its wider strategy to recover from struggling finances.

Guar gum buyers aren’t buying, sellers aren’t selling: Industry expert

Guar gum prices have dropped a long way from peaks of $20 to $25 a kilo – but there is now a standoff between buyers and sellers, according to hydrocolloids...

Eased wheat and corn prices set to stir again in Q1 2013, says Rabobank

Wheat and corn prices have eased over the fourth quarter but will spike again at the beginning of 2013 as impacts from demand rationing take hold, Rabobank says.

Wheat price spikes will protect manufacturers in the long-run: Analyst

Sky-high wheat prices will deter use of the grain for feed and thus secure supplies for bakery and snack manufacturers in the long-run, according to an analyst.

Indian advocacy group opposes guar futures relisting until market better regulated

Guar should not be relisted on India’s futures market until regulation of trading is improved, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) says.

Guar gum could be relisted on Indian futures market

Guar gum could be relisted on India’s futures market if a positive committee decision is reached next week, according to the country’s commodity markets regulator.

Eurozone crisis and commodity price stalemate will force industry consolidation: Analyst

Smaller bakery and snack manufacturers will be forced to consolidate with stronger entities within the next six months as the eurozone crisis looks set to worsen and commodity prices remain...

Global wheat trade down 11%: USDA

Tightening supplies and price surges have led to a slowdown in global wheat trade, according to the latest USDA report.

EU cereal prices to remain high and volatile, says Commission

The European Commission has forecast EU cereal prices to remain high and unstable and is wary of the destabilising effects of other commodities such as maize and wheat.

Wheat price hike likely, says analyst

Bakery and snack manufacturers can expect a higher wheat price in the coming months as the US drought has hit the maize market putting pressure on wheat supplies amid export...

US grain volatility will knock industry by September: Analyst

Price spikes in the US grains market fuelled by a lengthy drought will be felt by bakery and snack manufacturers around September, according to an industry analyst.

Global sugar prices down due to expected surplus

Worldwide sugar prices have fallen in the second quarter (Q2) of 2012 as the market is projected to record a surplus for the next two seasons, according to Rabobank International.

Global sugar prices to fall 19% by 2013 – Rabobank

Sugar prices worldwide are forecast to fall around 19% by 2013 as supply remains above demand, according to financial services group Rabobank.

Cocoa deficit to bring prices higher, predicts Rabobank

A consecutive deficit in 2012/13 is set to move cocoa prices higher as supply struggles to meet rising demand for chocolate products in Asia, according to financial services group Rabobank.

Breaking News

Commission gives green light for major sugar industry takeover

The European Commission has cleared the acquisition of the world’s largest sugar trader ED&F MAN by Europe’s largest sugar producer Südzucker and said it would raise no competition concerns on...

Blommer predicts looming cocoa supply crisis

Demand for cocoa is expected to climb 30% in the next 10 years creating a 25% shortage of current supply, according to North American cocoa processor and chocolate ingredients supplier Blommer Chocolate Company.

Additional EU sugar imports expected as industry squeezed by quotas

The European Union is expected to allow additional sugar imports to the market in the coming weeks in a move welcomed by the confectionery industry.

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