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Orange juice futures surged to a record on mounting concern that U.S. supplies may be reduced by citrus-greening disease in Texas and a slowdown in imports as the government tests for a banned fungicide. Texas confirmed a case of citrus greening on Jan. 18. The disease has caused extensive damage to crops in Florida, the
January 22nd, 2012Corn to make ethanol in the U.S. is helping to lift the grain price worldwide, said Jose Graziano da Silva, the new director general of the United Nations’ Food and Agriculture Organization. “FAO has been raising its voice against using food to produce bio energy,” Graziano da Silva told 64 agriculture ministers in Berlin yesterday.
January 22nd, 2012Third largest rice consumer, Indonesia increasing rice production domestic about ten million ton in 2012. Rice farmers in Indonesia can produce 37 million ton but the produce not enough. Southeast Asian country will produce 37.3 million tons of rice on a milled basis in 2011-12, the U.S. Department of Agriculture estimates, up from 35.5 million
January 22nd, 2012Pepper prices fell by 0.33 per cent to Rs 32,000 per quintal in futures trade today as speculators trimmed their positions amid sluggish domestic and export demand, but speculation of lower production limited the losses. At the National Commodity and Derivatives Exchange, pepper for February delivery fell by Rs 105, or 0.33 per cent, to
January 19th, 2012Thailand keep to rise rubber prices 2012 include natural rubber, agriculture and Cooperatives Minister Theera Wongsamut has predicted that the country’s natural rubber prices should rise to 120 baht (RM11.84) per kilogram over the next couple of months due to the limited market supply. Thailand agriculture minister and local rubber farmers agreed to six solutions
January 19th, 2012