Americans still consume more meat than nearly anyone else in the world, but consumption is declining – and people’s reasons for eating less meat have evolved in recent years.
Upward pressure on UK food prices is around the corner, driven by global forces such as rocketing corn prices and the knock-on effect on animal feed, according to Clive Black, analyst at Shore Capital.
The US Department of Agriculture (USDA) has predicted a record corn harvest in 2012-13, potentially easing cost pressures on food manufacturers by the end of the calendar year.
An improved service to Moroccan flour millers and better logistics will result from Cargill’s inauguration of a 67,000t grains storage facility close to the port of Casablanca, claims the company.
Cargill has reported a 68 percent surge in profits for the first quarter of 2011 to August 31, on the back of renewed volatility in global agricultural commodity markets, the company said.
A leading economist says that industry sources and analysts predicting the Russian wheat export ban will have little impact on EU food prices are “naïve”, and overlook the fact that major futures contracts for Russian wheat are now worthless.
Archer Daniels Midland (ADM) has seen its net profit increase by 15 percent during fiscal 2010, driven by stronger demand and improved margins, particularly in oilseeds and corn processing.
The European Commission is set to fine chemicals firms Akzo Nobel,
BASF and Belgium's UCB for their role in fixing prices on choline
chloride, according to a report.
Heavy summer rain has been blamed for hampering this year's UK
wheat harvest as early results show that quality is lower than the
national average for the last three years - something which has led
to price increases in the UK...
