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Grain reserves tighten as food prices fallGlobal food markets face further volatility in 2013 as stocks and supply of key cereals tightened, even as world food prices fell for a second month in November to their lowest since June, said the United Nations food agency. More… |
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Syria buys grain via Lebanon to beat sanctionsSyria is importing significant volumes of grain via Lebanon to work around western sanctions and secure vital supplies, European traders told Reuters. The trade is not illegal because food imports are not included in sanctions imposed by t More… |
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Iran paying for grain with gold, oilIran is seeking to close grain purchases using gold and oil as payment, and has paid in yen for a large volume of wheat in its first deal since western sanctions against Tehran started choking imports of food staples, European wheat exporters said More… |
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Iran paying for grain with gold, oilIran is seeking to close grain purchases using gold and oil as payment, and has paid in yen for a large volume of wheat in its first deal since western sanctions against Tehran started choking imports of food staples, European wheat exporters said More… |
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Global grains picture brightensWorld grain supplies will be much healthier next year than previously forecast, the US government said in a report that could put further pressure on crop prices that have already tumbled from their peaks. Apart from an unexpectedly de More… |
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Libya set to ramp up grains purchasesLibya is set to step up commercial purchases of wheat and flour in the coming weeks although western sanctions imposed on ousted leader Muammar Gaddafi and worries over port security will hinder the pace of shipments, trade and shipping sources sa More… |
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World grain output seen up, prices to stay highWorld cereals output is expected to rise to a new record in 2011 due to more planting and improved yields but low stocks are set to keep prices high and volatile, the United Nations' food agency said. Global cereals output is expected to More… |
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Food prices hit new high, grains to get costlyGlobal food prices rose to a fresh high in December and the prices of corn, wheat and other grains can go much higher, said the United Nations' food agency Food and Agriculture Organisation (FAO) on Wednesday. 'We are concerned, th More… |
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Surging wheat price fuels trade, inflation fearsSuppliers of Russian wheat to Asia are edging nearer to cancelling contracts after Moscow's ban on grain exports, forcing buyers to turn to alternative origins as US wheat futures soar to a 23-month high. There was no immediate panic reac More… |
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World to harvest less wheat this yearThe International Grains Council on Thursday forecast world wheat production in 2010 would fall to 653 million tonnes, down 21 million from an estimated 674 million in 2009 but still the third largest crop on record. The IGC, in a monthly More… |
