The National Australia Bank (NAB) in its latest Rural Commodities Outlook  wrap  issued on 22 December 2011 has reported that apart from the weakening global economy, there is also a very strong production response hitting world agricultural commodity markets. Australian rural production  is on track for  massive winter crops in 2012 because of good rains adding to downward pressure on prices.  At  the same time, sugar and cotton production growth in Australia have also been part of the general... ...Read more »

Coca-Cola Amatil Limited announced yesterday that they will consolidate their Victorian SPC Ardmona operations. The announcement follows a comprehensive review of its SPC Ardmona operations in the Goulburn Valley, which was initiated “in light of the continued impact of the drought and the need to better manage the Australian fruit intake”. The review determined that there is excess capacity in the Shepparton and Mooroopna plants in the Goulburn Valley and, consequently, the deciduous... ...Read more »

Increasingly feeling the pain at the pump, more American consumers are taking steps to compensate for rising gas prices, according to new research from The Nielsen Company. Nearly two-thirds (63 percent) of consumers are reducing their spending, up 18 points since June 2007 and up 14 points in the last six months alone.Nielsen’s research also finds that more consumers are combining shopping trips (78 percent), and more than half of consumers are now eating out less (52 percent) and staying... ...Read more »