The increase in prices of corn, soy and wheat is unlikely to decrease, and could stay at current levels for at least two to three decades, says a new report.
Global cereal production this year has reached record levels,
although an inability to keep up with the rapid rise in demand has
kept prices high, according to a new report by the Food and
Agriculture Organization (FAO).
Food and beverage processors will be fighting it out for an
increasingly dwindling supply of grains sourced at ever higher
prices, ING Group warned in a new forecast report for the sector.
Tighter supplies will lead to rises in prices for maize and coffee,
while the cost for rice, wheat, milk, oilcrops and milk will remain
stable or fall, according to the latest forecasts from the UN's
Food and Agriculture Organisation...
BASF is set to raise its European prices for the styrene polymers
Terluran (ABS) and Luran (SAN) by €200 per metric ton, while Saudi
comments have triggered fears that high oil prices will be
sustained. Anthony Fletcher reports.
China has been the dominant supplier of many herbs, spices and
ingredients to the Russian market for the last 10 years, but a
reduction in Chinese crop areas to make way for more profitable
products has given local growers from the...
