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Fresh succulent chicken marinated in 23 exquisite flavours ...
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| Market Update Agricultural Commodities Disease sends salmon prices leaping (22/2/2010) Salmon prices are jumping after a sharp decline in global supply following the collapse of the Chilean industry because of an outbreak of a fish disease. Since the start of the year, wholesale prices for Norwegian-produced Atlantic salmon has risen 20.6 percent, according to Statistics Norway. White sugar reaches record high (14/12/2009) White sugar prices hit an all-time high in London on Monday, supported by signs that Asian countries are buying refined sugar to cover domestic shortfalls. Sugar brokers said that the gains come as physical supplies tightened and there was a perception that some importers, notably India, had a 'little more urgency' to buy. http://www.ft.com/cms/s/0/d3351aea-e8a1-11de-9c1f-00144feab49a.html Rice prices soar on supply shortages (9/12/2009) Rice prices have moved to levels not seen since last year's so-called super-spike as a buying spree by the Phillipines, the world's largest importer, tightens the market. The rally comes as global rice production is set to fall in 2009-10 for the first time in five years as a result of India's driest monsoon in four decades, a series of typhoon's destroying crops in the Phillipines and droughts elsewhere because of El Nino weather phenomenon. Soyabeans lead strong advance (20/11/2009) Soyabean prices rose after the US government reported weekly sales of 1.35m tonnes to China, well above trade estimates. CBOT January soyabeans rose 18 per cent to $10.45 a bushel. CBOT December corn added 2 cents at $4.00 a bushel while CBOT December wheat gained 4.5 cents at $5.70 a bushel. Strong demand from China has forced freight costs for grains to more than double over the past 8 weeks... http://www.ft.com/cms/s/0/ae0385e6-d4f5-11de-8ec4-00144feabdc0.html
Ivory Coast strike adds to cocoa concerns (22/10/2009) Cocoa prices reached a 30-year high in New York on Wednesday as a strike on the Ivory Coast, the world's largest producer, added to concerns about a supply shortfall just as demand showed signs of recovering. The Ivory Coast accounts for 40 per cent of global output of cocoa. Cocoa consumption has outpaced supply for the past three seasons. Traders also worry that the El Nino weather phenomenon could hit output in Indonesia, the world's third-largest producer, and Ecuador, the seventh-largest. http://www.ft.com/cms/s/0/7e432d58-be65-11de-b4ab-00144feab49a.html
Phillipines to buy more rice after floods (09/10/2009) Areas hit by the floods in the past few days account for two-fifths of the country's rice output. Crop damage from the recent typhoons is likely to cut the growth in rice harvests to only 0-2 percent from the original target of 3.8 percent. Global rice trade is likely to rise by 2 percent this year to 30.7m tonnes, in part because of greater imports by the Phillipines, Europe and the Middle East. http://www.ft.com/cms/s/0/52a6da72-b493-11de-8b17-00144feab49a.html
'Feverish' tea trading amid supply deficit (24/09/2009) Tea prices hit a record high for a fourth successive week at the weekly auction on Tuesday in Mombasa, the Kenyan port. Tea prices have risen almost 45 per cent since January, due to drought in Kenya, Sri Lanka and India, the largest exporters. http://www.ft.com/cms/s/0/99256dac-a763-11de-9467-00144feabdc0.html
Cocoa price surge signals bitter news (21/09/2009) Cocoa prices hit a 24-year high amid forecasts that consumption will outpace production in the crop year starting next month, raising fears that the cocoa market is entering its worst period of shortages in 40 years. http://www.ft.com/cms/s/0/0207652a-a6d1-11de-bd14-00144feabdc0.html
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