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Tag Archives: Ole Houe

Harsh weather curbs global wheat production, elevates prices…

Harsh weather affecting major global exporters is reducing wheat output and cutting inventories that have already been projected to hit nine-year lows while fuelling a sudden uptick in prices. Dryness afflicting suppliers from Russia, the world’s biggest, to Argentina, is making food production vulnerable as recent Russian attacks on grain ships …

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Unexpected wheat price spike stuns global buyers…

Wheat buyers in Asia, Africa and the Middle East, which account for two-thirds of global imports of the staple, have been caught out with relatively little supply after adverse weather in Russia and Europe unexpectedly sent prices surging 30 percent since April. Ole Houe Importers who had been buying cargoes …

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Dry weather, export curbs to strain global 2024 staple food supplies!

Rising food costs in the past years have led farmers across the globe to increase the cultivation of grains and oilseeds. However, consumers are expected to encounter limited supplies through 2024 due to challenging El Nino weather conditions, export limitations and elevated biofuel requirements. Global wheat, corn and soybean prices …

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FROM RICE TO PALM OIL; EL NINO THREATENS ASIA’S CROP YIELDS!

In Asia, grain and oilseed crops have suffered due to an uncommonly dry August as El Nino grew stronger, and predictions for less rain in September further threaten to hinder supplies. While wheat output forecasts are being revised lower due to dry weather in Australia, the world’s second-largest exporter, record-low monsoon rains …

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AGRICULTURAL COMMODITY SUPPLIES TO KEEP PRICES HIGH IN 2023!

The war in Ukraine and high energy costs accompanied by drought or too much rain seem likely to continue curbing global farm production the next year as well, tightening supplies, even as high prices encourage farmers to boost planting. Production of staples such as rice and wheat is unlikely to …

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INDIA CURBS RICE EXPORTS!

India has decided to curb rice exports in a move that is expected to lift world prices of the staple and trigger a rally in rival wheat and corn markets, deepening concerns over food inflation. Rice prices in key exporters India, Thailand, Vietnam and Myanmar are set to rise, traders …

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