Re: 36% food banana price inflation
- From: Bob Brock <bbrock@xxxxxxxxxxxxxx>
- Date: Tue, 17 Jun 2008 23:07:53 -0400
On Tue, 17 Jun 2008 19:15:22 -0700, Winston_Smith <not_real@xxxxxxxxx>
wrote:
http://business.timesonline.co.uk/tol/business/economics/article4151774.ece
Bananas have joined the ranks of dairy, meat and wheat products among
foodstuffs whose prices are set to surge because of the sharp rise in
fuel costs. Chiquita, one of the world?s biggest banana groups, said
yesterday that the price of Britain?s most popular fruit had risen 36
per cent last month against the same period a year ago.
The company also said that it expected prices to continue to rise
throughout the rest of the year, lifted by mounting fuel and
fertiliser costs and adverse weather conditions in Central America.
Well, Chiquita did have that hefty fine to pay for supporting
terrorists in Colombia you know. As far as I know, Colombia is still
seeking extradition of some of the top level executives. However,
given the cozy relations between the two countries, I don't see it
happening.
.
The floods pretty much took care of corn
<http://www.farmandranchguide.com/articles/2008/06/17/headlines/agweekly/news/ag_news/news12.txt>
LUBBOCK, Texas - In more than four decades of farming, South Plains
cotton producer Rickey Bearden says he?s never seen an early growing
season like this one.
In the past month, the world?s largest contiguous cotton patch has
endured blast furnace-like conditions as unseasonably high
temperatures and strong winds have sucked moisture from soil and
whipped plants with blowing sand.
All of Bearden?s dryland acres are a total loss, just a month after
they were planted.
"I?ve been here a long time and I seen it blow, but not like this," he
said.
Across Texas, the nation?s leading producer of cotton and cattle, heat
and drought conditions combined with skyrocketing input costs could
lead to record losses in agriculture this year.
The tally for all crops and livestock, which won?t be figured until
later in the growing season, could top the largest single-year loss of
$4.1 billion, which was set in 2006.
Well we still have wheat.
http://southwestfarmpress.com/news/texas-crops-0529/
Recent rains have given hope to cotton producers, but the wheat
outlook, especially west of Interstate 35, remains a "mixed bag," said
a Texas AgriLife Extension Service crops specialist.
"There are several challenges to the wheat crop," said Dr. Billy
Warrick, who is based in San Angelo, but whose responsibilities range
from Brownwood to El Paso, an area encompassing approximately 1
million acres of wheat, both dryland and irrigated.
Weather dictated that much of the crop was planted late. Lack of
moisture restricted development of dryland stands, he said.
"And rains received in March and April have resulted in weed problems
that will interfere with harvest," Warrick said.
The result is the usual dryland yields of up to 25 bushels per acre
for his region will likely fall to 12 to 15 bushels this year, he
said.
"In the Brownwood area, where yields are generally higher at 32 to 34
bushels, we're probably going to see 20 to 22 bushels," he said.
Though it's not his region, Warrick has heard the Panhandle dryland
yields will be off this year too, he said. Irrigated wheat yields will
be slightly lower than last year. Despite high pumping costs, the
$7.50 to $8 per bushel wheat price has been "the carrot" producers
needed to keep the center pivots running, he said.
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