- New farm bill has N.C. peanut growers crying foul – Robert Willett (The Charlotte Observer)
- USDA Report summary table – Dow Jones Newswires (Agriculture.com)
- Another Frightening Bubble In China: Cars – Wolf Richter (Business Insider)
Tag Archives: China
Raw Sugar Prices Increase
Raw sugar prices are on the rise on fears that world demand will exceed global supply. According to Bloomberg, damaged sugar crops due to a drought in Russia and adverse weather conditions in Brazil and China are responsible for a supply shortage.
Brazil, India, China, Thailand, Pakistan, Mexico, Colombia, Australia and the United States are the world’s largest sugar producers. Brazil dominates sugar world markets thanks to high demand for sugar-based ethanol.
High Cotton Prices
Cotton prices are expected to keep climbing. Excess demand over supply is the main factor. World supply is not likely to catch up soon since cotton inventories are currently low. Cotton crops in China and India have been damaged due to bad weather, and floods in Pakistan have further decreased cotton output. The major cotton producers are India, China, Pakistan, Uzbekistan and the United States.
As of January 2010 the price of cotton was at 77.4 cents per pound. By October 2010 the price of cotton had climbed to 126.55 cents per pound, an increase of 63.5%. The world cotton market is valued at approximately 12 billion annually.