Fuel is just one factor in the commodity boom that is expected to continue due to income and population growth, freer trade and globalization, and resource scarcity, according to a Rabobank report, “The Boom Beyond Commodities.” Food prices are anticipated to remain high and there will be substantial growth prospects for some sectors of the food industry. “While biofuels will be responsible for a significant share of added demand for commodities in the coming years, food will remain... ...Read more »
The second trading event for Fonterra’s new internet-based sales platform, globalDairyTrade, concluded at 2am this morning (NZT).The clearing price for regular whole milk powder for shipment in October was US$3,705 MT FAS New Zealand Port. Managing Director Fonterra Global Trade, Kelvin Wickham, said the Company was pleased with globalDairyTrade’s second trading event. Overall the prices ranged from US$3705 MT FAS to more than US$4000 MT FAS for product to be shipped from October 2008... ...Read more »
The inaugural trading event for Fonterra’s new internet-based sales platform, globalDairyTrade, concluded this morning. The online trading platform plans by Fonterra were announced in April this year in response to price volatility, according to Managing Director of GlobalDairyTrade, Kelvin Wickham. “Everything is pointing to the fact that this volatility is going to continue and that prices will move up and down, often unpredictably in response to supply and demand shocks,” he... ...Read more »
Giant NZ dairy firm Fonterra is just six weeks away from going live with their online trading platform - ‘GlobalDairyTrade’. The platform plans by Fonterra were announced in April this year in response to price volatility caused by a fundamental change in the marketplace, according to Managing Director of GlobalDairyTrade, Kelvin Wickham. “Everything is pointing to the fact that this volatility is going to continue and that prices will move up and down, often unpredictably... ...Read more »
Record prices and new players in the barley market are expected to result in an increase in barley planting in southern New South Wales according to the NSW Department of Primary Industries’ Dr Neil Fettell, supervisor of a GRDC project aimed at improving barley agronomy in south-eastern Australia. “In many ways barley is a forgotten crop in southern New South Wales,” Dr Fettell said. “However a world shortage of malting barley – and the fact that no grain can be substituted for it –... ...Read more »