Heavy rains in Argentina have damaged wheat crops, reducing the harvest from 11.5 to possibly just 9.5 million tonnes this year. Quality was also affected as added moisture and delayed harvest time spurred the growth of fungi which is causing the crop to rot in the fields. The situation is a point of concern for […]
Export Pro-Actively to Deal With Grain Glut
One independent commodity analyst predicts the Government of India will hold more than 106 million tonnes of wheat and rice by July 2013 and urges for “aggressive export” to alleviate subsequent problems, including price inflation and risk of loss. The article argues that current inflated wheat prices are caused not by export activity, but rather […]
Lack of Proper Storage System Causing Inflation in KP: Survey
A survey reviewing the region of Khyber Pakhtunkhwa has found that lack of proper storage facilities is directly related to food price increases, particularly for that of wheat. “The current post-harvest wastage of wheat can be minimised through improved harvesting practices, solicited and farmer-friendly procurement processes, including timely provision of jute bags and outreach and transparent […]
No Let-Up in Food Inflation, Say Economists
Economists show that food price inflation is linked to postharvest losses and will not likely come below 8% in the near future. http://www.business-standard.com/article/economy-policy/no-let-up-in-food-inflation-say-economists-111071200062_1.html
Maize Stocks Fall Sharply with Rise in Smuggling
Smuggling is yet another cause for PHL as one million bags of maize have disappeared and are thought to have been sent to southern Sudan. Accordingly, prices have doubled, stocks have decreased significantly, and the import duty on maize was waived so that the country could meet the demand of its citizens. http://www.businessdailyafrica.com/Corporate+News/Maize+stocks+fall+sharply+with+rise++in+smuggling/-/539550/1195852/-/1032lwj/-/