The Council of the European Union last night issued a mandate to scrap EU sugar quotas by 2017 and a final decision is now set for June.
Farmers organization Copa-Cogeca has forecast EU soft wheat production to increase 3.7% on last years levels by the 2013/14 marketing year, but worries that weather may impact yields.
EU sugar quotas will remain in place in Europe until 2020 after a vote on Common Agricultural Policy reforms (CAP) in European Parliament today.
Norway’s US$710bn sovereign investment fund has pulled its investment from 23 Southeast Asian palm oil companies, claiming that they source palm oil unsustainably.
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%.
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...
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...
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...
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.
Sugar refiner Tate & Lyle Sugars will take its fight against the European Commission for alleged mismanagement of the European sugar market to court today.
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.
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.
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 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...
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.
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.
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 India’s futures market if a positive committee decision is reached next week, according to the country’s commodity markets regulator.
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...
Tightening supplies and price surges have led to a slowdown in global wheat trade, according to the latest USDA report.
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.
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...
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.
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.
Sugar prices worldwide are forecast to fall around 19% by 2013 as supply remains above demand, according to financial services group Rabobank.