Russian wheat export prices fell last week due to intensified competition with U.S. wheat for supplies to Egypt, the world’s largest importer and the top buyer of Russian wheat, analysts said. Chicago wheat prices, the global benchmark, had been falling last week until Friday when they jumped as U.S. wheat became one of the winning origins – for the first time in many months – at a tender of GASC, Egypt’s state buyer. Black Sea prices for Russian wheat with 12.5 percent protein content and for delivery in November were $224 per tonne on a free on board (FOB) basis at the end of last week, down $7 from a week earlier, Russian. Read more...
Competitive power and market position are pivotal to success in the modern-day pig business in Europe, as between 2007 and 2014 pork consumption in the dynamic European Union (EU) has declined. Rabobank believes the EU pork industry will see few opportunities for margin improvement in the coming years. [Photo: Bert Jansen] That, in short, is the conclusion fromthe latest Rabobank report, titledThe EU Pork Industry; Competitive Power Is Key. The bank concludes there are five key success factors of EU pork processors: cost competitiveness, sourcing, efficiency, market approach and client access. Cost price higher & cheaper proteins The recent decline in. Read more...
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