Posted by admin! / Under Wheat Allergy
KIEV — Ukraine is set to limit wheat and barely exports to 3.5 million tonnes from now until the end of the year due to the impact of a severe drought, the agricultural policy ministry said on Tuesday. "We are proposing to allow the export of 2.5 million tonnes from now until the end of the year," said Agricultural Policy Minister Mykola Prysyazhnyuk, adding that one million tonnes currently held in ports would also be exported. He said that the issue would be discussed at a cabinet meeting on Wednesday, the Interfax-Ukraine news agency reported. The quota would come into...
Published on Tuesday 7th of September 2010 09:32:18 AM
continue reading
Posted by admin! / Under Wheat Allergy
Fears of food inflation and tighter global supply make China and India, holders of nearly half the world's wheat reserves, reluctant to send large volumes to market despite surging prices that offer a huge opportunity. The world's most populous nations, China and India are estimated to finish the 2010/11 crop year with a combined stockpile of around 78 million tonnes, 44 percent of the world total of 175 million, the U.S. Department of Agriculture says. But they will probably defend that stockpile in the face of rising consumption. "I don't think China will be an exporter because of increasing domestic...
Published on Tuesday 7th of September 2010 09:32:18 AM
continue reading
Posted by admin! / Under Wheat Allergy
The drought decimating Russia's grain crop is helping put more money into the pockets of U.S. farmers and leaving the world more dependent on the U.S. harvest. The U.S. Agriculture Department said Thursday it expects U.S. wheat exports to soar 36% amid higher prices, and in a rare move raised its one-month-old harvest forecasts and price forecasts for several major U.S. crops, including wheat, corn, and soybeans at the same time. "The U.S. is an island of supply in a year of very big demand," said Daniel W. Basse, president of AgResource Co., a Chicago commodity forecasting concern. Higher prices...
Published on Tuesday 7th of September 2010 09:32:18 AM
continue reading
Posted by admin! / Under Wheat Allergy
LONDON, Aug 11 (Reuters) - Rising grain prices from Russia's drought and fires will pressure populations already hit by the financial crisis and could stoke unrest -- particularly in the Middle East, North Africa and parts of Europe. Wheat prices have risen by nearly 70 percent since June after Russia suffered its worst drought in 130 years and are at their highest since 2008, when the last major food price rally sparked protests and riots in a string of emerging nations.
Published on Tuesday 7th of September 2010 09:32:18 AM
continue reading
Posted by admin! / Under Wheat Allergy
My friend the Crazy Uke is a mortgage guy; he’s getting me another refi. Years ago - oh, decades - we sat up all night in the back booth of a college restaurant and argued politics; now we sit around the kitchen table of the house he helped us buy, sign endless forms and documents, then pour a drink and agree about politics. I changed. He didn’t. As the son of Ukrainian DPs, he had anti-Soviet and anti-statist ideas poured into his marrow as he grew up, and his accounts of his parents’ lives during the famine and the war...
Published on Tuesday 7th of September 2010 09:32:18 AM
continue reading
