CME: Challenge of High Feed Costs

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US – The debate over feed costs and availability took center stage last week at a hearing of held by the House Sub-Committee on Livestock, Dairy and Poultry, write Steve Meyer and Len Steiner. Representatives of all three sectors discussed the challenges of high feed costs and their concerns about whether sufficient feed would be…


South Korea pork imports to slide from record high

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The boom in South Korea’s pork imports, after an outbreak of foot-and-mouth disease prompted the culling of one-third of the country’s pig herd, is to go into a – limited – reverse next year. South Korea’s pork imports, whose jump to an estimated 580,000 tonnes this year has helped lift Chicago hog futures to all-time…


Commerce Ministry to Curb High Pork Prices

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THAILAND – Prime Minister Yingluck Shinawatra has instructed the Commerce Ministry to quickly address the rising price of pork, Deputy Prime Minister and Commerce Minister Kittirat Na Ranong said on Thursday. "To solve different economic problems, the ministers in charge of economic affairs are already meeting regularly with permanent secretaries in their respective ministries. "As…


High demand, low supply cause of high agriculture product prices

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An unsatisfied demand for some agriculture foodstuffs was the main reason for increased prices, said Minister of Agriculture and Rural Development Cao Duc Phat  on 12 July, 2011. He told a meeting to discuss methods of stabilising agriculture foodstuff prices that domestic demand had reached a peak while the supply was still low. Meanwhile, imports…


Vietnam Agriculture Market: From High Volume to High Value

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This remark on the role of agriculture in the Vietnamese economy was made by Mr Dang Kim Son, Head of the Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD) with reporter Anh Phuong. Could you sketch out the overall picture of Vietnam’s agricultural development? Currently, agriculture, forestry and fisheries continue to play…


Have High Cotton Prices Deferred, or Destroyed, Demand?

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Whether high cotton prices of 2010-11 deferred cotton demand, or destroyed a portion of it, is an uncertainty the cotton market will tackle in the coming months, according to Joe Nicosia, CEO of Allenberg Cotton Co., featured speaker at the Cotton Roundtable in New York City in July. Nicosia said during the event held at…


Vietnam to delay rice stockpile as prices stay high

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Vietnamese rice exporters will delay for an indefinite period an industry plan to buy 1 million tonnes of milled summer-autumn paddy for a three-month stockpile due to high prices, state-run newspapers cited industry officials as saying on Wednesday. They had planned to buy the grain on domestic markets between July 15 and Aug. 30 to…


Farmers fret over high fertiliser prices during growing season

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A strong increase in fertiliser prices during June has caused farmers, who need to spray their summer-autumn crops, much worry, according to the Ministry of Industry and Trade’s Market Watch Team. Le Quoc Phong, deputy chairman of the Viet Nam Fertiliser Association and general director of the Binh Dien Fertiliser JSC, confirmed that urea and…


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