Public Authority sets livestock consumer prices

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MUSCAT — The Public Authority for Consumer Protection has set a sale price of RO 85 for Australian livestock in abattoirs in Muscat Governorate and RO 90 in the rest of the country. This was made in co-ordination with the importing company. Officials will inspect abattoirs and markets to ensure adherence and book violators. The…


Yield reports push crop prices up

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More reports of smaller-than-expected corn and soybean yields this year set off another rally Friday on the Chicago Board of Trade. “This is a weather-driven rally,” said Don Roose of US Commodities in West Des Moines. “We’re in a race to the bottom on yields.” Farmers, end-users and traders had hoped for bumper crops this…


Producers flag hopes for falling palm oil prices

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Palm oil groups flourished reasons for hope for prices of the vegetable oil even as futures fell in Kuala Lumpur near to their lowest in 10 months, and down by one-quarter from a February high. Anglo-Eastern Plantations and New Britain Palm Oil acknowledged the rationale behind a drop in palm oil prices which, at one…


Barclays: Grains ease on profit-taking after recent strong gains

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LONDON (Commodity Online): The agricultural commodities complex posted price declines on the day. Profit-taking after recent gains saw grains prices easing. Front month CBOT Corn prices managed to close higher on the day at $7.32/bushel, while the new crop December contract hit a new contract high before closing at $7.43/bushel. CBOT Wheat posted the steepest…


Potato prices down as supply exceed demand

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Potato prices have dropped again, with available supplies exceeding demand due to the early harvest. The Potato Council’s weekly average price fell by 12% in the week to 19 August, to £120.65/t – £50/t below the same time last year. However, free-buy markets have dropped even more sharply in recent weeks, and are now more…


Higher Corn Market Prices Will Hit Your Wallet

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A smaller-than-expected U.S. fall harvest, combined with strong demand, has sown the seeds of higher corn market prices. That will inflate your grocery bill, but it’s also an investing opportunity that should persist into next year according to some experts. The United States Department of Agriculture (USDA) recently reduced its forecast for the fall corn…


Dairy prices to fall – but not slump

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The dairy market sell-off, which has driven milk prices to a 12-month low, is unlikely to develop into a rout – especially if dryness in the US, and rising cow lameness levels in Australia, curtail hopes for rising supplies. While prices have peaked for now they are only set for a "relatively modest softening" for…


EU pigmeat prices weaken over the summer

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EU pig prices have weakened in recent weeks, suffering from poor barbecue demand at a time of high supplies. The Deadweight Average Pig Price (DAPP) fell to an EU average of €1.56/kg (136p/kg) in the week to 14 August – a drop of 1% since mid-July. This was due to poor summer weather eroding barbecue…


Firmer grain markets on quality fears

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Wheat prices firmed again this week as fears for maize and milling wheat quality boosted futures prices in the US and in Europe. However there has been high level of fund activity recently and the market is still very sensitive to any news on the global economic outlook. A rise in US spring wheat futures…


Fears for German wheat keep prop under EU prices

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Wheat prices eased in Europe on Wednesday – but not by as much as on US markets, as fears for the quality of Germany’s harvest reduced appetite for selling. FirstFarms, the Copenhagen-listed farm operator, highlighted that many eastern European countries had avoided the rains which have dogged, in particular, parts of Germany and Poland. The…


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