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Tuesday, February 13, 2024
Australian red meat exports surge on low prices, strong demand
Australia experienced a significant surge in red meat exports last year, driven by a sharp decline in livestock prices, making its products more competitive globally, particularly amid falling beef production in the US, Investing.com report ...
Friday, February 9, 2024
Russian wheat prices decline amidst increased shipments
Russian wheat export prices experienced a continued downward trend last week, driven by ongoing oversupply concerns, as analysts observed a surge in shipments reaching a four-month peak due to improved weather conditions at ports, Nasdaq re ...
Friday, February 9, 2024
Municipality in Antique, Philippines, suffers nearly US$600,000 damages to corn, rice production due to El Nino
The cost of damage caused by the El Niño phenomenon to rice and corn production in the Municipality of Patnongon, north of Antique, the Philippines reached ₱33.7 million (US$598,680).
Monday, January 8, 2024
Major US meat processors face renewed antitrust lawsuits over alleged beef price-fixing
In a legal reprisal, United States meat industry giants Cargill Inc, JBS SS, Tyson Foods Inc, and National Beef Packing Co are once again in the legal spotlight, grappling with antitrust lawsuits accusing them of colluding to manipulate bee ...
Thursday, December 28, 2023
US poultry industry gains footing from tough 2022, sees lower poultry prices
The US poultry industry bounced back from a difficult 2022, resulting in lower chicken, turkey and egg prices for consumers in 2023, despite the ongoing challenge of avian influenza and recent plant closures.
Thursday, November 30, 2023
Major US food companies secure victory in egg price lawsuit
In a significant legal development, major United States food companies General Mills Inc., Kraft Heinz Co., Nestle USA Inc., and the former Kellogg Co. have emerged victorious in a lawsuit over egg prices, Meat + Poultry reported.
Tuesday, November 14, 2023
Record beef prices in the US due to droughts and shrinking herds
The United States is experiencing record-high beef prices, reaching approximately US$8 per pound, surpassing the previous peak of US$7.90 during the pandemic, as announced by the US Department of Agriculture (USDA), due to droughts and shri ...
Monday, November 6, 2023
Vietnam's soybean meal prices at highest since late July as enterprises push imports
Soybean meal prices in Vietnam jumped by close to 20% in over three weeks following a period of weakening trend, Chăn nuôi Việt Nam reported on November 3.
Thursday, November 2, 2023
Russian wheat prices stabilise amid sluggish demand and decreasing supply
Russian wheat export prices remained steady over the past week as demand from international buyers continued to be subdued, while wheat supplies from farmers decreased as a result of a prolonged price slump, Nasdaq reported.
Tuesday, October 24, 2023
Demand for Russian wheat on the rise as export prices drop
Russian wheat export prices declined again last week, but analysts see demand picking up at these levels.
Tuesday, October 17, 2023
Australia's live cattle export prices to Indonesia on decline
Australia's live cattle export prices to Indonesia are falling, with feeder steers shipped from Darwin fetching around $2.60 a kilogramme compared to a peak of $5.50 a kilogramme in 2022.
Monday, October 16, 2023
Major food industry players in US accused by lawsuit of controlling beef supply to raise prices
A lawsuit filed recently in the United States accuses food giants Cargill, Swift, Tyson, JBS Foods and National Beef Packing of artificially constraining the beef supply to inflate prices, pad profits and stifle competition.
Monday, October 16, 2023
Lower prices expected to stifle further growth of US winter wheat acreage
US farmers are about halfway done planting winter wheat for harvest in 2024, but acreage is expected to remain stable or decrease from last year due to lower prices and farmers' disenchantment with the crop after three years of drought.
Monday, October 9, 2023
FAO Cereal Price Index in September increased 1.0% from August
The FAO Cereal Price Index averaged 126.3 points in September, up 1.3 points (1.0%) from August but standing 21.6 points (14.6%) below its value a year ago.
Monday, October 9, 2023
September's FAO Meat Price Index dipped 1.2 points from August
The FAO Meat Price Index averaged 114.2 points in September, down 1.2 points (1.0%) from August, marking the third consecutive monthly decline and 6.1 points (5.0% from its value a year ago.
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