GFM Network News

The rains caused economic pain in England

Wheat production will plummet while livestock producers are being hammered by the 
sky-high cost of 
imported feed

Reuters / Last year’s record rains will squeeze Britain’s farmers well into 2014 and force makers of bread and biofuels to buy more costly imports. Production of wheat is set to fall to its lowest level in more than a decade this summer, forcing purchases of bread-quality grain from Europe and North America. Livestock farmers

IGC forecasts larger world wheat crop

Most of the increased production will be absorbed by higher demand and end-season stocks are expected to rise by only two million tonnes

World wheat production in 2013-14 is tentatively expected to rise by four per cent, the International Grains Council said Feb. 21, issuing its first forecast for next season’s supply-and-demand balance for the commodity. “Much (of the increase) is expected to be absorbed by higher demand and end-season stocks are likely to rise by just two

Consumers, farmers squeezed as grain giants tighten grip

Reuters / A global race for grain trading power is putting more of the world’s vital cereals in the hands of fewer companies, with a string of recent acquisitions raising fears that consumers will pay even more for their food, while farmers are squeezed. Archer Daniels Midland last week bid for Australia’s last independent grain

British wheat imports to soar as crop quality fails

Britain is on the hunt for high-quality bread wheat after 
domestic production and quality come up short

Reuters / Britain will be a net importer of wheat for the first time in a decade this year, turning customer to its traditional export rivals after a disease-ravaged harvest, much of which fails to meet the quality required for bread. Traders and analysts said diseases fuelled by the wettest June since records began more