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Australian farm sector still strong despite falls in demand

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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...

UN calls for global action to tackle high food prices

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The United Nations has called for action to ensure long-term global food security as a new report shows that high food prices are likely to continue over the next decade. ‘The State of Food Insecurity...

Carbon tax predicted to have little impact on food prices

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Projections of how carbon tax will affect commodity prices have been released through the Australian Government Treasury office. In contrast to goods such as electricity and gas, food prices are estimated...

World food shortages worsened by wars and civil strife

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The latest World Bank food price report issued on 15 August 2011 has chartered a 33 percent rise in the real cost of food from July 2010 to July 2011, as food security becomes an increasing global concern. Dr...

Global food prices to rise this decade

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A major international report has predicted that average food commodity prices will be much higher this decade than the last. The Organisation for Economic Cooperation & Development (OECD) and the Food...

Food prices at highest level for over two years

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World food prices have climbed to their highest level for over two years, the UN’s Food and Agriculture Organisation (FAO) has said. The FAO said commodity price pressures show little sign of abating...

Fonterra reports fall in milk-powder prices

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New Zealand dairy giant Fonterra has reported a fall in milk-powder prices in its latest internet auction as concerns over supplies started to ease. The price of skim milk powder fell 11.8%, while the...

Meat industry face major challenges

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Major challenges facing the Australian meat industry in the short term include the high Australian dollar and increased competition in Australia’s major markets in Asia, according to Paul Morris,...

CCA raises prices to cover rising costs

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Coca-Cola Amatil has hiked the price of their soft drinks by five per cent in an endeavour to protect margins in the face of soaring costs of key inputs like sugar, according to the Australian Financial...

Fonterra reports dip in dairy prices

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Global dairy giant Fonterra has seen the average price for Whole Milk Powder drop 1.6% via its monthly internet-based sales platform globalDairyTrade – the second consecutive monthly decline after...