Spoiled Beans Highlight Brazil’s Inflation Challenge

One bad harvest of beans in Brazil is causing massive headaches for new President Dilma Rousseff and showing just how difficult it is for policy-makers worldwide to combat a recent jump in food inflation. The retail price of beans – a staple that many Brazilians consume in virtually every meal – went up more than

Heavy Rains To Increase Colombia Inflation

Strong rains flooding agricultural land and washing away roads in Colombia will increase inflation but not so much as to change consumer price targets, officials said Dec. 6. Bad weather has affected commodity-producing countries worldwide, from rains stalling the wheat harvest in Australia to dry spells in some of Argentina’s soy-growing areas and oil refinery


Commodity Price Pressure Made In China

Canola futures on the ICE Futures Canada trading platform suffered some price weakness during the week ended Nov. 19, but were well off the lows established. The continued liquidation of long positions by nervous speculative fund account holders generated the declines. That selling was again inspired by a knee-jerk reaction to news that the Chinese

Food Prices Seen Lower Than In 2007-08 – for Sep. 16, 2010

Rising prices for a wide range of agricultural commodities are stirring fears of global food-driven inflation, but there should be no repeat of the crisis seen in 2007-08 unless governments start to panic. Analysts cite much higher global stocks of staples such as wheat and a more challenging economic environment as factors which should temper


Cash On Hand Could Save The Farm

There will be more business opportunities in agriculture the next 10 years than there’s been in the last 30, according to agricultural economist David Kohl, the keynote speaker at the Manitoba Special Crops Symposium Feb. 10 in Winnipeg. But there will also be more ways to go broke, he cautioned. Farmers can protect themselves through

Argentina Reacts To Soaring Steak Prices

Argentina’s government has tightened up restrictions on beef exports in a bid to stem surging prices at butchers’ shops that are fanning fears about inflation, industry sources said Feb. 12. Argentina is one of the world’s biggest exporters of beef, but the government has curbed shipments sporadically over the past four years in order to


An Open Letter To The Prime Minister And All Federal Leaders

Canada’s independent ranchers and farmers – the backbone of our cattle and beef sectors – are receiving some of the lowest prices they’ve seen since the Great Depression. Adjusted for inflation, prices today are half of price averages from the 1970s, and ’80s. Today’s Depressionechoing prices are bankrupting long-standing cattle producers and forcing farm families

General Mills Sees Eat-At-Home Trend Sticking

“You can save a lot of money in a short period of time without the consumer noticing that you are changing your product, in fact, without changing your product at all.” – JEFF HARMENING General Mills Inc. thinks that now that consumers have been eating more meals at home during the recession they will keep


Consumers Still Fret About Grain Prices

Uncertainty over U. S. spring plantings of corn and soybeans and recent weakness in the dollar have brought a resurgence in grain prices that spells fresh headaches for consumers and food makers this year. The commodities, at the base of a food chain that feeds into hundreds of supermarket products, from oils to starches to

U. S. Creates Over $1 Trillion, Sends Markets Higher

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada in Winnipeg c losed the week ended March 20 higher, with strength in the Chicago markets giving good support to prices. Canola was boosted by a disciplined slow approach to farmer