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Agriculture & Softs Commodity News | Commodities News – Wheat, Corn, Coffee

Brazil on brink of new soy boom, easing food fears

Sao Paulo, 7 March 2011

When soy futures hit record highs in 2008, Brazilian farmers were in no position to capitalize on the boom. Crippling debts, wild currency swings and high fertilizer and fuel costs rendered them unwilling or unable to sow more acres.

Read more: Brazil on brink of new soy boom, easing food fears

Tight cereal markets as food prices increase again

Rome, 3 March 2011

Recent oil price surge adds to concerns over high food prices: Global food prices increased for the eighth consecutive month in February, with prices of all commodity groups monitored rising again, except for sugar, FAO said today. FAO expects a tightening of the global cereal supply and demand balance in 2010/11. In the face of a growing demand and a decline in world cereal production in 2010, global cereal stocks this year are expected to fall sharply because of a decline in inventories of wheat and coarse grains. International cereal prices have increased sharply with export prices of major grains up at least 70 percent from February last year.

Read more: Tight cereal markets as food prices increase again

Palm oil output to jump nearly 25 pct in 2011

Jakarta, 23 February 2011

Palm oil output at Bakrie Sumatera will jump by nearly 25 percent this year, while its plantation estates will expand by an additional 5,000 hectares, the company said on Tuesday. The strong production rise is due to some plantations coming into peak yield, Ambono Janurianto, president director at the planter, has told Reuters, while acreage will increase from the company's own landbank. Commodities Now ...

Read more: Palm oil output to jump nearly 25 pct in 2011

Strong demand to stabilize grains market

Washington, 18 February 2011

Strong global and domestic demand for U.S. crops should stabilize volatile grain markets and keep U.S. farm income at high levels, said Agriculture Secretary Tom Vilsack on Thursday.

Read more: Strong demand to stabilize grains market

Supply concerns prompt Asian grains buying

London, 17 February 2011

Asian buyers are snapping up more rice and cheap Australian wheat to boost food and feedstock security in the face of record high prices that policymakers fear could stoke popular discontent and damage their economies. World Bank President Robert Zoellick said global food prices have reached "dangerous levels", underlining the anxiety among governments keen to head off a repeat of the 2008 food crisis, which sparked riots in countries from Egypt to Haiti.

Read more: Supply concerns prompt Asian grains buying

Assessing agriculture's potential to mitigate global warming

Rome, 15 February 2011

The governments of Norway and Germany have committed a combined total of $5 million in support of an FAO programme to improve global information on greenhouse gas emissions from agriculture and more accurately assess farming's potential to mitigate global warming.

Read more: Assessing agriculture's potential to mitigate global warming

ADM to Invest in Sustainable Palm Production in Brazil

London, 9 February 2011

Archer Daniels Midland Company (NYSE: ADM) today announced plans to invest in sustainable palm production in Brazil. Spanning five years, the ADM investment will encompass approximately 12,000 hectares of palm production in the state of Pará and include the construction of a palm processing plant. Construction of the processing plant near São Domingos do Capim—approximately 100 miles east of Belém, the state capital of Pará—is expected to begin in 2013, with operations commencing in 2016.

USDA to trim wheat stocks view; exports remain high

Chicago, 7 February 2011

The U.S. Agriculture Department was expected to trim its forecast for wheat ending stocks as export demand remains firm even with prices trending near 30-month highs, traders and analysts said. Problems with crop production in Australia as well as the lingering effects of last summer's drought in the Black Sea region have boosted the role of the United States on the export market.

Read more: USDA to trim wheat stocks view; exports remain high

World food prices reach new historic peak

Rome, 3 February 2011

World food prices surged to a new historic peak in January, for the seventh consecutive month, according to the updated FAO Food Price Index, a commodity basket that regularly tracks monthly changes in global food prices. The Index averaged 231 points in January and was up 3.4 percent from December 2010. This is the highest level (both in real and nominal terms) since FAO started measuring food prices in 1990. Prices of all monitored commodity groups registered strong gains in January, except for meat, which remained unchanged.

Read more: World food prices reach new historic peak

Cotton prices contiue to record levels

Washington, 1 February 2011

World cotton prices continued rising during the first month of 2011, reaching records and nearing the two-dollar-per-pound territory. Between December 31, 2010 and January 28, 2011 the Cotlook A Index rose by 25.5 cents per pound (up 15%) and reached 197.5 cents per pound. During the first half of 2010/11, the Cotlook A Index gained almost 130%, adding 111 cents per pound. The season average Cotlook A Index reached close to 140 cents per pound, 80% higher than the 2009/10 average of 77.5 cents per pound.

 

Read more: Cotton prices contiue to record levels