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Thursday, June 11, 2020
Tyson Foods cooperates with US justice department in price-fixing probe
Tyson Foods Inc was cooperating with the US Department of Justice (DoJ) on a price-fixing investigation in the poultry sector, under a corporate leniency programme, the company said on Wednesday, Reuters reported.
Wednesday, June 10, 2020
China Lysine Weekly: China Lysine: Prices stable but lack momentum (week ended Jun 8, 2020)
Producers were reluctant to negotiate lysine prices as the costs of production stayed high due to low availability of corn. Nonetheless, a handful of traders were willing to cut prices marginally on a case-by-case basis to move sales.
Tuesday, June 9, 2020
Global dairy prices start to ease
Dairy prices worldwide are settling down after the COVID-19 pandemic triggered a hike in prices, Rural News Group reported.
Tuesday, June 9, 2020
Soaring US beef prices may settle down soon
US beef prices are now at their highest since drought devastated the nation's beef herd in 2014, but are seen to settle down soon, said the National Cattlemen's Beef Association's chief executive, The Meadville Tribune reported.
Tuesday, June 9, 2020
China Biotin prices 320% higher on-year despite price falls (week ended Jun 5, 2020)
Biotin market weakened as sales were sluggish in China with prices high and the livestock markets underperforming.
Tuesday, June 9, 2020
China Folic Prices tumble 40% on-year (week ended Jun 5, 2020)
Soft demand continued to weigh down folic acid prices. Compared with the same period last year, folic acid prices have dropped more than 40%.
Tuesday, June 9, 2020
China Corn Weekly: Tight availability holds up prices (ended Jun 5, 2020)
Spot supplies of corn remained tight as the state reserves corn would enter the market only towards middle of the month. Consequently, corn prices remained firm over the week despite limited demand.
Monday, June 8, 2020
India's poultry farm prices return to pre-lockdown levels
The poultry sector of India is going back to business as usual with demand slowly rising after partial lifting of travel restrictions, The Hindu reported.
Friday, June 5, 2020
UN FAO reports 17-month low in world food price index in May
The United Nations (UN) Food and Agriculture Organisation (FAO) reported falling world food prices for a fourth month in a row due to the worsening economy caused by the global COVID-19 pandemic, Reuters reported.
Thursday, June 4, 2020
Pilgrim's Pride CEO charged with alleged price-fixing over US chicken
The US Justice Department has charged the Jayson Penn, the president and CEO of Pilgrim's Pride along with three current and former executives with allegedly price-fixing chickens in the United States, Reuters reported.
Wednesday, June 3, 2020
Vietnam's pork prices skyrocket to 20-year high
Pork shortage caused by the African swine fever (ASF) epidemic last year sent Vietnam's prices to a 20-year high of VND103,000 (US$4.39) per kilogramme, VN Express reported.
Wednesday, June 3, 2020
Norway faces salmon price hike
According to the latest trade update from the Norwegian Seafood Council (NSC), the current price of whole salmon is higher than the previous year.
Tuesday, June 2, 2020
Australian dairy firms announce farmgate milk prices
On Monday, the dairy processors of Australia has announced their opening milk prices for the season under the new mandatory dairy code of conduct, ABC News reported.
Tuesday, June 2, 2020
China Corn Weekly: High reserves sales weigh on prices (ended May 29, 2020)
As the government released 4 million tonnes of reserves corn for sale, which was high than market expectations, abundant availability exerted pressure on the market. Traders who held back releases recently were eager to clear inventories in ...
Monday, June 1, 2020
China VD3: Poor demand sinks prices (week ended Jun 1, 2020)
Producers who were eager to clear piling inventories slashed prices lately to stimulate sales. Demand remained limited, however, as feed producers cut output while the livestock markets suffered severe price falls. Compared with a year ago, ...
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