Sugar rally falters as Brazilian output recovers

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Sugar futures received a – temporary – knock after industry data revealed an improvement in Brazil’s output, following a series of downbeat data. Sugar production in Brazil’s Center South region – the biggest producing area in the top producing country – reached 2.58m tonnes in the first half of July, Unica, the cane industry associations,…


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…


Prices drop on improved weather

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CHICAGO (Dow Jones)–U.S. grain and soybean futures slid Monday as heavier-than-expected rains benefited crops that had been stressed by heat and dryness. Corn for December delivery, the most actively traded contract, fell 11 cents, or 1.6%, to $6.74 1/2 a bushel. Soft red winter wheat for September delivery lost 3 3/4 cents, or 0.5%, to…


Saudi Arabia: Prices of chicken likely to go down

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DAMMAM – Poultry producers in the Eastern Province are now waiting for national fodder factories to cut their prices so that they can also reduce the prices of their products. This comes in the wake of government announcing a 50 percent increase in the subsidy for fodder. Ashraf Hassan, a dealer, said all poultry farms…


Competition, measures to keep lid on food prices during Ramadan

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Abu Dhabi: Food prices are expected to fall during Ramadan as a result of competition and government price caps, a top official told Gulf News yesterday. Hashim Al Nuaimi, Head of the Consumer Protection Department at the Ministry of Economy, said yesterday that more than 500 inspectors from the ministry and the Departments of Economic…


High corn prices may put brakes on ‘soy surge’

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Corn may make a fightback in the battle of the acres against soybeans in South America, as high prices – which have risen above even Chicago levels – encourage farmers to rethink the "soy surge". Soybeans have been on a winning streak in South America for decades, overtaking corn for sown area in Argentina in…


Dip in land and shares puts cloud over farm sector

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Farmland prices have slipped for a third successive month in the US, and share prices in agricultural groups markedly underperformed the market, raising a question mark over the sector’s standing with investors. Farm values, while continuing this month a rise in prices stretching back to the start of 2010, rose more slowly than in June,…


Cranswick shares plunge as high pig prices bite

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Shares in Cranswick plunged 18% to their lowest since 2009 after the sausages-to-sandwiches group warned on profits, revealing it too was feeling a squeeze passing through the UK food chain Cranswick said that it now expected its operating profits for April-to-September, the first half of its financial year, to "be lower than those of the…


Corn prices rise after hot weather damages crops

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Crop prices closed higher Tuesday after the government reported that the U.S. corn crop isn’t growing as well as previously thought because of hot weather. The U.S. Department of Agriculture released a report late Monday afternoon that showed 62 percent of the corn crop in 18 states that produce the vast majority of corn in…


Saudi Arabia: Barley prices to decrease, hope herders

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TABUK/AL-BAHA/QASSIM – The Royal Order to increase the fodder subsidy by 50 percent will have a positive impact on efforts to contain the price hikes that have overburdened livestock herders in different regions. Muhammad Sa’eed Al-Ghamdi, a fodder supplier in Al-Baha, said the subsidy was not surprising because the country’s "wise leaders are always willing…


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