Vietnam to export more rice to cash in on surging demand

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HANOI (Commodity Online) : World’s second largest Riceexporter Vietnam said it will export more rice to cash in on the demand boom for the commodity. Vietnam Food Association said country’s rice exports rose 26 percent year-on-year in the first seven months as importers looked for new suppliers in anticipation that Thailand will raise its prices.…


Hope for autumn demand to improve pig market

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Signs are emerging that the slide in spot prices may soon level out, writes pig market commentator and consultant Peter Crichton. However the Deadweight Adjusted Pig Price dropped again to 148.05p/kg on Wednesday for the seventh successive week. Most of the weekly contract or shout prices set by processors followed suit. With the holiday period…


Dillon Feuz: Beef demand on the rise for several reasons

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Fed steer prices in Nebraska through mid-August have averaged $112 per hundredweight this year. Over the same time period last year they averaged $92 per hundredweight. That is a price increase of 22 percent relative to last year. Is there one reason, or several reasons, for this price increase? As an economist, I am always…


Potato prices down as supply exceed demand

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Potato prices have dropped again, with available supplies exceeding demand due to the early harvest. The Potato Council’s weekly average price fell by 12% in the week to 19 August, to £120.65/t – £50/t below the same time last year. However, free-buy markets have dropped even more sharply in recent weeks, and are now more…


Fruit, vegetable demand up by 60 pc

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MUSCAT — Shopping malls and grocery shops across the Sultanate have witnessed more than 60 per cent increase in demand for fruit and vegetables during Ramadhan. All shopping malls, including Lulu Hypermarket, Family Shopping Centre, KM Trading, Safeer Hypermarket, City Centre, Sultan Centre and Khimji Marts are supporting Ramadhan activities and have made elaborate arrangements…


Reduced Pork Production and Strong Demand

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US & CANADA – A US-based agricultural economist credits lower than expected slaughter numbers, reduced slaughter weights and strong demand for pork for record high North American hog prices this summer, Bruce Cochrane writes. The second week of August saw record high US hog prices with pork cutout values reaching 1.10 per pound of carcass…


Demand for beef to rise during fasting month

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PEKANBARU: Demand for meat in Pekanbaru, Riau province, is predicted to increase by up to 35 percent ahead of and during Ramadhan, which falls on Aug. 1 this year, as meat consumption typically increases during the fasting month, an official says. During normal days the city needs 30 cows, or six tons of beef daily.…


Live cattle mostly lower on corn and demand questions

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Chicago Mercantile Exchange live cattle futures were mixed, mostly lower on the higher Dow, mostly lower corn and demand uncertainties. August was $.40 higher at $110 and October was up $.10 at $115.40. Feeders were mostly higher on spillover from corn and demand questions. August was $.27 higher at $135.20 and September was up $.17…


Lean hogs supported by export demand

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Chicago Mercantile Exchange live cattle futures were steady to higher ahead of USDA’s monthly cattle on feed and semiannual inventory numbers. There was also some follow-through connected to Thursday’s strong export sales figure, along with spillover support from the bounce in corn. August was up $.55 at $110.55 and October was steady at $115.40. Feeders…


Solid month to month demand for pork, beef

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The monthly cold storage report shows bigger than expected month to month demand for pork and beef, primarily due to strong export demand, but supplies remain well above a year ago. USDA placed beef in cold storage at 434.51 million pounds, down 5% from last month but up 16% from last year. Pork came out…


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