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).
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.
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.
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 wheat.
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, vice president, Solae Europe.