Huge opportunities for India in export of cereals

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MUMBAI (Commodity Online): The huge demand for cereals in the global market has triggered the price raise, creating an excellent environment for the export of Indian cereals. According to a recent report by Rabobank, the average Wheat prices raised nearly 15% from US$ 6.51 per bushel in the third quarter of 2010 to US$ 7.48…


Cotton prices face ‘significant’ fall, says ICAC

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Cotton experts returned to warning of a "significant" decline in prices of the fibre after hacking their estimate for consumption growth this season, and raising their outlook for the rebuild in inventories. The International Cotton Advisory Committee cut by 300,000 tonnes, to a "slow" 200,000 tonnes, its forecast for growth in world consumption of the…


Vegetable shortage raises prices in Hanoi

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Bad weather conditions coupled with heavy infestation of pests in vegetables has caused prices to rise as well as create a supply deficit in markets in Hanoi, as per the Department of Industry and Trade. The recent two very severe storms in the Northern Provinces caused heavy flooding in many parts, especially in the fertile…


Meat prices likely to fall before Tet

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HCM CITY — The animal husbandry industry in the remaining months of the year will strengthen production to ensure supply of livestock and poultry meat in the domestic market at reasonable prices, especially on the occasion of Lunar New Year, an official said yesterday. Nguyen Thanh Son, deputy head of the Animal Husbandry Department, said…


Sugar prices to avoid dive despite better supplies

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Sugar prices are not set for sharp drop in 2011-12, despite a return to a healthy world production surplus, as countries – notably China – rebuild stocks depleted by successive years of squeezed supplies. The International Sugar Organisation, in its first official forecast for 2011-12, said sugar production would exceed demand by 4.2m tonnes, the…


Lower potato prices in Russia thanks to growth

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The Russian market is keeping its potato price reduction trend thanks to growth of potato supply in the country, according to the Fruit-Inform Project. As of yesterday (Aug 30), prices for potatoes are 2.5 times lower than a year before and may most likely decrease further. "Expansion of areas under potatoes against a background of…


Wool, dairy prices boost NZ export returns

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Strong dairy prices and rocketing wool prices helped lift the terms of trade to a 37-year high in the June quarter. Export volumes are also at their highest levels since 1990 when the statistics series began, but import volumes have been falling. Statistics New Zealand figures show the terms of trade up 2.3 per cent…


Wheat prices improve as US maize fears grow

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Strong export demand for UK wheat and ongoing concerns for the US maize crop have driven wheat prices higher again this week. The London feed wheat futures November 2011 contract closed at £174/t on Tuesday (30 August), up about £5/t on last week’s two-month high. Domestic markets followed gains in the US, where a crop…


Summer-autumn rice prices escalate

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Rice prices have soared to an all time high of VND6,400-6,700 per kilogram, causing farmers to hold on to their rice in expectation of higher rates while traders are stockpiling the grain in large quantities. Farmers in the Mekong Delta are nearing the end of their summer-autumn rice harvest season and rice prices have accelerated…


Tra paradox: export prices up, domestic prices down

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VietNamNet Bridge – Doubts have been raised that seafood export enterprises are joining hands to force tra fish prices down in the domestic market. The tra fish price has plummeted by 4000-6000 dong per kilo after it reached the highest peak of 28,500-29,000 dong per kilo in May. Especially, the price of oversize fish has…


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