Surplus Government reserves now have reached 31 million tonnes, second only to China and three times the official target levels
Reuters / While most other major wheat growers around the world suffered from production setbacks in 2012 due to drought, India’s farmers had a banner year which has resulted in a glut of wheat supplies at state-run warehouses and export facilities. India’s state reserves of wheat have reached 31 million tonnes the highest level in […] Read moreU.S. meat Shipments hit a record in 2011 and look to be on course to better that total for 2012
Reuters/Despite nearly record-high feed prices, U.S. meat production has continued to trend higher in recent months, and the latest monthly statistics show that beef, pork and chicken output all remain above the five-year average. Brisk meat exports combined with strong domestic wholesale and retail prices have encouraged these high production levels, but a seasonal downturn […] Read moreSTAGE SET Production problems haven’t left markets short yet but that could change if Australian growers continue to suffer from a lack of rainfall
Stubbornly high prices have served to keep U.S. wheat out of contention on the export market in recent months, but a broad jump in winter wheat acreage coupled with growing overseas demand could change that picture. It’s no surprise that farmers in top hard red wheat states such as Kansas are upping their acres this […] Read more
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