GFM Network News

Price of bread, pasta on the rise

Reading Time: 3 minutes Prices for U. S. bread and pasta are up nearly 10 per cent from last year, even as the price of wheat used to make the products has fallen 60 per cent from a record high set a year ago. And while prices have levelled off in recent months, they are not likely to fall […] Read more

Argentina Set For Big Corn Exports

Reading Time: 2 minutes The recent surge in U. S. corn sales could end soon as Argentina, the world’s second-largest exporter behind the United States, emerges with a new crop and already shows signs of aggressively marketing its grain. Competition between the world’s leading corn exporters could be fiercer than usual with the global recession cutting demand for livestock […] Read more

U. S. hog producers to import wheat from UK, Brazil

Reading Time: 2 minutes U. S. hog producers will import wheat from Britain and Brazil due to the high cost of U. S. corn and feed grain, said Don Butler, spokesman for Murphy-Brown, the hog-raising unit of Smithfield Foods Inc. Hog producers will also import a cargo of wheat middlings, a by-product of milling, from Nigeria, he said Nov. […] Read more