Archives for September 12, 2011

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Gloomy maize forecast adds to pressure on cereal prices

By Michelle Knott

Upward pressure on cereal prices looks set to continue, following yesterday’s announcement that the US Department of Agriculture has downgraded its yield projections for maize. The 2011 crop is now forecast at 12.5bn bushels, which is 50m larger than the...

Surging supply projections do little to suppress cocoa prices

By Michelle Knott

Surging cocoa supplies did little to prevent front month prices for cocoa (cocoa futures) creeping up by 4 per cent throughout August, according to Euromonitor. “The big surprise has been that this rise has taken place on the back of strong supply...

ACE appoints new director general

Katarina Molin has been appointed as the new Director General of the Alliance for Beverage Cartons and the Environment (ACE) in Europe.