Supply hopes turn Goldman gloomier on wheat prices

images14.jpg

Goldman Sachs, which two weeks ago cut its forecast for wheat futures, signalled a further downgrade as brokers continued to issue warnings over prices following a lift to hopes for world supplies of the grain. Goldman analysts, who on September 30 lopped up to $1.50 a bushel from forecasts for Chicago wheat futures after data…


Coffee to Outperform Cocoa on Supply Deficit, Olam Says

tixung4.png

Coffee may outperform cocoa as production falls short of demand, tightening global supply, said Olam International Ltd. (OLAM), one of the world’s three biggest suppliers of both commodities. “The difficulties in terms of adequate supply and declining stocks-consumption ratios will support coffee prices in the near term,” said Sunny Verghese, chief executive officer of Olam.…


Rubber supply growth may slow in third quarter as Vietnam delays tapping

tixung3.png

Natural rubber output in key growing countries will expand at a slower pace in the third quarter as a “severe” leaf disease delays tapping in Vietnam, according to the Association of Natural Rubber Producing Countries. Production from member countries, representing 92% of global supply, may increase 3.4% to 2.77 million metric tons during the July-to-September…


Potato prices down as supply exceed demand

yourfile4.jpg

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…


Hopyards crop up across NY to supply craft brewers

tixung.jpg

JOHNSONVILLE, N.Y. (AP) — Once the center of hop production for America’s breweries, New York state is seeing a rebirth of hop farming to satisfy a growing demand for regional craft beers and homemade brews. Hop-farming was highly profitable in New York state in the 19th century, with 90 percent of all American hops coming…


Short supply prompts internal dairy investment

tixung4.png

Local dairy giants such as TH Milk and Vinamilk have denounced huge investment skeleton on pastures and dairy cow batch to cope with increasing dependence on imports and cost travel of divert products. TH Milk pronounced it would deposit 1.2 billion USD in lifting 137,000 dairy cows by 2017, with 70 percent in lactation to…


Saudi Arabia: Sheep get costlier as supply dwindles

tixung.png

JEDDAH – Sheep prices have gone up by 25 to 40 percent because of an increase in demand in the days before Ramadan and a low supply caused by livestock herders who do not want to sell their animals until the last days of Sha’aban, when employees receive their salaries.  The price for imported sheep…


Group urges sugar price stabilisation

images9.jpg

The re-import of sugar is necessary in order to stabilise prices in the domestic market, according to a proposal by the Viet Nam Sugarcane Association sent to the Ministries of Agriculture and Rural Development as well as Industry and Trade. The proposal is based on current market demand and supply and not on official demand,…


Page 1 of 11