Comment: Banks scale back food commodity speculation
Food commodity speculation is back in the spotlight as the prospect of another global food price surge looms and banks move to placate regulators.
US drought prompts inflation fears
On the money: Ralcorp believes volumes will improve
US private-label food group Ralcorp Holdings has said it expects to see volume trends improve after recording a 6% decline in its third quarter.
UK: Premier Foods to pass on higher wheat costs
Premier Foods plc CEO Michael Clarke has insisted the UK food manufacturer will pass on the higher wheat costs it expects to incur after extreme weather conditions in the US and the UK.
On the money: We can up prices, insists meat giant Tyson
US meat giant Tyson Foods has expressed confidence it can push through the higher grain costs it expects to incur after the severe drought in the country.
On the money: ADM looks to international investment as corn prices spike
Commodities giant Archer Daniels Midland has said it is continuing to increase its investment outside the US in light of the country's drought pushing corn prices up
US: Meat industry demands easing of corn ethanol rules
The US meat industry has called for an easing of renewable fuel regulations to reduce the amount of corn ethanol in the country produced this year as processors face soaring…
US: Meat firms sound warning on corn price pressure
US livestock and poultry producers have warned the severe drought in the country will have a "devastating" effect on the agricultural industry, food manufacturers and consumers. Drought conditions have continued…
US: 2013 inflation risk from drought – USDA
The worst drought in the US for 50 years could push up food prices into 2013, government officials have said. Hot weather has hit corn and soybean yields in parts…
US: US cuts forecast for corn output
The US Department of Agriculture has lowered its forecast for domestic corn production, confirming market fears the country's worst drought in almost 25 years has hit yields. The USDA said…
