Food prices ‘at risk of spike higher’, says IMF

download4.png

Food commodities escaped a downgrade by the International Monetary Fund to its outlook for raw material prices, with the "precarious" balance in crop supplies leaving markets open to "further price spikes". The IMF, in a twice-yearly report, said that price risks in the broad commodities sector "seem more balanced" than both a year ago and…


Red meat exports higher than last year

yourfile3.jpg

Red meat exports reached 193,000t in the first six months of this year; 21% higher than the same period in 2010. Beef sales led the way, with a 39% increase, said a report from the Agriculture & Horticulture Development Board. "The majority of beef shipments were cow beef into the Netherlands and Ireland, up 55%…


Grains close sharply higher

tixung2.png

CHICAGO, Illinois (Agriculture.com)–With plenty of support from falling crop ratings, talk of an upcoming ‘heat’ dome and favorable outside markets, the CME Group grain and soybean markets closed sharply higher Tuesday. The Dec. corn futures closed 9 cents higher at $7.43 1/2. The Nov. soybean contract settled 12 cents higher at $13.97 1/4. The Dec.…


Deep cut to US corn hopes sends futures higher

images2.jpg

Corn futures stood higher by nearly the exchange limit in late deals in Chicago after US officials cut their estimate for the domestic crop significantly more than analysts had expected to account for weather damage. The US Department of Agriculture, in its benchmark Wasde crop report, cut its estimate for the US corn harvest by…


Grains, oilseeds end week mostly higher

images3.jpg

Soybeans were steady to higher on technical buying and spillover from the higher corn and crude oil. Traders were watching the weather with the crop heading into a critical development phase. In any event, the near term supply is tight and demand looks neutral to supportive. Soybean meal was mostly firm and oil was modestly…


Fruit farmers target higher standards

tixung4.png

Several fruits in the southern region are being cultivated under Good Agricultural Practices standards and have high export value, according to the Plant Cultivation Department under the Ministry of Agriculture and Rural Development (MARD). The fruits, including Nam Roi grapefruit, Hoang Hau dragonfruit, Tan Trieu grapefruit and Lo Ren milkfruit, are certified under the Vietnamese…


Page 1 of 11