Aussie farm flags wheat tactic as price fears rise

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JPT Capital trumpeted the call by its Australian farms to lock in firm wheat prices by selling in advance even as data showing the country’s wheat stocks at a record high raised fears for values. The Monaco-based fund management group said that forward selling "a percentage" of the newly-started wheat harvest at prices "above current…


Kazakh wheat price falls to half world levels

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Kazakh wheat prices fell to roughly half international levels, and to below the cost of transporting the grain to port, depressed by a shortage of silo space which has left farmers storing grain in rail wagons. Prices of third grade milling wheat at the Kazakhstan border with Russia tumbled over August and September by 40%…


Rice exporters rush to store rice for fear about price increases

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As planned, from October 7, Thailand will kick off the plan to collecting rice from farmers at high prices in order to ensure the high profits for the countries’ farmers. The new policy is believed to have big impacts on the rice markets in the world, including Vietnam. In fact, for the last many years,…


‘Rice price increases due to hoarding’: Trade minister

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Ministry of Industry and Trade while addressing a press meeting said that the exporters were racing to purchase rice due to the rumors that Vietnam has signed deals to export 500,000 tonnes of rice to Indonesia and Malaysia. Rice market this year is showing unpredictable movements in the last months because Vietnam’s largest rice importer…


Domestic pepper hits 120,000 dong/kg, 4-month high

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Wholesale price of pepper in Ba Ria-Vung Tau province on Aug 13 hit a 4-month record and traders make sure that the price will continue rising in coming days. Reportedly, the record level of 120,000 dong/kg was formed between April 13 and 14, which fell to 112,000 dong on April 15 and then ranged between…


Pepper price hits new record

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The domestic pepper price hit a 15-year high this morning as high demand and low supply on the world market forced up the price. The per tonne price reached VND124 million (US$5,900) today, an increase of VND4 million ($190) per tonne on the previous week’s price. Last Saturday, the price stood at VND120 million ($5,700)…


CME: Pig Prices Still Down After Corn Price Rise

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US – The drought induced mess that is 2011 seasonal feedlot placements has mostly everyone trying to guess how seasonal feeder cattle prices might differ this year from normal patterns, write Steve Meyer and Len Steiner. Dr Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offered a very good discussion of the ‘normal’ pattern…


Salt price falls in Mekong Delta

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Price of salt has fallen considerably in the Mekong Delta Province of Bac Lieu, causing much despair for salt workers. Phan Minh Quang, deputy head of the Department of Agriculture and Rural Development in Bac Lieu Province, said that salt prices had soared earlier when some companies had purchased large amounts to meet demands from…


Thai rice dealers warn against gov’t price hike

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HCM CITY — Thai rice exporters are looking for alternative sources of supply in Viet Nam and Cambodia in case the new government makes prices too high for export. The Thai Rice Exporters Association (TREA) has been crying foul about the newly-elected Pheu Thai’s announced policy to allow farmers to mortgage their entire harvest for…


Fonterra holds milk price hopes despite EU warning

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Fonterra maintained its farmgate milk price forecast despite a drop of more than 15% in dairy market values, and a warning from peer and business partner FrieslandCampina of a "stagnant" European market. New Zealand-based Fonterra, the world’s top dairy exporter, held at NZ$6.75 per kilogramme of milk solids its estimate for payouts to its farmers…


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