GFM Network News

Russia’s winter grains still at risk despite warm weather – analyst

* Warm November to help Russia’s winter grains – SovEcon * Says some farmers hold crops due to the falling rouble * SovEcon sees Nov. grain exports at 3.0-3.2 mln T Paris/Moscow / Reuters – Warm weather last week did not eliminate risks for Russia’s fragile winter grain plantings, said a Moscow-based agriculture consultancy SovEcon, warning […] Read more

French wheat exporters look to specify protein content

Reading Time: 2 minutes Reuters / French wheat producers and traders agreed Dec. 3 to start specifying protein content in all commercial contracts as an incentive to address what has become a weakness for the European Union’s top wheat exporter. Protein content is a basic measure of wheat’s suitability for making bread and a key requirement for importers of […] Read more

EU Exchange Launches Malt Barley Futures

Reading Time: 2 minutes NYSE Liffe, the European derivatives exchange of NYSE Euronext, told Reuters it will launch malting barley futures in the next quarter and expects them to be as popular as rapeseed contracts. Malting barley, used to produce malt for beer and whisky, crops an annual 12 million tonnes in the European Union, or about 20 per […] Read more

Economy Hits Beer — And Barley

Reading Time: < 1 minute Worldwide consumption of beer could remain flat this year as the economic downturn hurts demand after several years of impressive growth, industry players said at a gathering in northern France on Feb. 5. “With the financial crisis, market conditions are changing. The big question mark is no longer supply but demand,” said Alain Caekaert, buying […] Read more