Global cereal production this year has reached record levels,
although an inability to keep up with the rapid rise in demand has
kept prices high, according to a new report by the Food and
Agriculture Organization (FAO).
Food and beverage processors will be fighting it out for an
increasingly dwindling supply of grains sourced at ever higher
prices, ING Group warned in a new forecast report for the sector.
China has been the dominant supplier of many herbs, spices and
ingredients to the Russian market for the last 10 years, but a
reduction in Chinese crop areas to make way for more profitable
products has given local growers from the...
