The US wheat market has failed to recover like its market counterparts, but despite this global prices will settle and supplies strengthen, according to Rabobank.
The Food Corporation of India could potentially earn over Rs25,000 crore (US$4.5bn) by exporting wheat lying in open warehouses, according to an Assocham study.
The UK was hit by an extreme wheat crisis last year forcing industry into import mode and forecasts suggest this trend may stay, says a commodity analyst.
The Food and Agriculture Organization (FAO) has said that grain harvests are set to reach record levels in 2013, and wheat production is forecast to recover from last year’s reduced level.
The United States Department of Agriculture has hit out at the Indian government for allowing the export of an additional 5m tonnes of wheat last month, calling it unviable unless the mandated floor price is brought down.
The UK could soon become a net importer of wheat for the first time in a decade, but The Federation of Bakers has said that there may be enough of the commodity on the global market to satisfy industry needs.
The US Department of Agriculture (USDA) must do more to foster coexistence of genetically modified and non-genetically modified crops, the Center for Science in the Public Interest says.
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.
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.
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 Agricultural and Resource Economics and...
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 industry, an analyst says.
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 industry expert Dennis Seisun.
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 high, an analyst says.
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 concerns in Russia, says an 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.
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.
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.
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 one condition.
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.
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.
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 forecast for 2012, which could bring prices down.
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 monthly GlobalCast.
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 manufacturers can capitalise on an emerging Scandinavian dietary trend with new low-carb offerings, according to an analyst from Euromonitor International.
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 & Horticulture Development Board (AHDB).
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 of Agriculture (USDA).
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.
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.
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 (ABA).
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.
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 forecast at 12.5bn bushels, which is 50m larger than...
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 anxious about the final stages of Germany’s wheat harvest.
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 of increased production in Europe and Asia.
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 specialist.
Elevated agricultural commodity prices will remain this season as unfavourable weather impacts production, offering little chance to replenish stocks, according to 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 'just yet', claims Rabobank.
