Commodity Cereals:
The IMF said global food price hikes are likely to stay for some years as it will take time for supply growth to respond to growing global demand in case of commodities.
In a recent report published in its quarterly Finance & Development magazine, the IMF said people in developing countries are becoming richer and eating more meat and dairy, meaning more grain for livestock feed and land for grazing animals.
Rising demand for commodities like biofuels and bad weather also tightened supply, the report added.
The report said, the world food price index tracked by the United Nations rose to a record in February. Food prices increase fueled political unrest across North Africa and the Middle East that toppled leaders in Tunisia and Egypt, the largest wheat importer.
Food output will have to increase by 70 percent by 2050 because the world population swells to 9 billion and rising wealth boosts meat and dairy consumption.
Commodity Plantation:
Revenue earnings of Vietnam’s from commodity rubber exports hit the $200 million in February. During the first two months this year, the country exported 121,000 tonnes of rubber, earning $532 million, rising 157 percent in quantity and 275 percent in value against the same period last year. Vietnam's main rubber buyers are India, UK, Hong Kong and Malaysia with high export turnover for many years.
Especially, the country's rubber export to Malaysia market is $19.67 million in the first month this year, over 20 fold increase against the same period last year and to gain the export growth of $2.5-2.7 billion this year as expected, the commodity rubber sector needs to diversify the products, reduce the export of raw materials, change the structure and improve the trade mark of Vietnamese rubber in the international market through annual fairs and exhibitions in nations.
Commodity Spices:
In an interview regarding commodity market, Jim Rogers, who is a bull in commodities market, said that crude oil prices will continue to Hike due to the reason that the world is running out of all the known reserves of oil.
Rogers, who set up the Rogers International Commodity Index, said that gold price will hike up to $2000 per ounce and silver price will hit $50 as the global investment demand and consumption of these two precious metals are just going up.
Commodity Fibers:
Minister of State for Textiles, Panabaaka Lakshmi on Thursday, replied to the Rajya Sabha in a written format, pointed out the government imposing caps on cotton exports and cotton yarn exports, to curb rise, reported smetimes.tradeindia.com.
The minister acknowledged that cotton commodity price rise has been negatively affecting the textile industry and declared that a slew of schemes are being implemented to help the handloom sectors.
The commodity prices of cotton have been going at a greater velocity than commodity cotton yarn prices. Shankar-6 variety of cotton has climbed 10.7% since February 7; even as yarn rates of the widely-used 40s count has appreciated by 5.7%., recent reports said.
In fact, price of Shankar-6 has surged 50% since September 2010 to touch Rs 58,500 a candy (356 kg); rates of the 40s count, in comparison, have increased only 39.5% to Rs 275 per kg on February 23.
| Commodity cerals |
In a recent report published in its quarterly Finance & Development magazine, the IMF said people in developing countries are becoming richer and eating more meat and dairy, meaning more grain for livestock feed and land for grazing animals.
Rising demand for commodities like biofuels and bad weather also tightened supply, the report added.
The report said, the world food price index tracked by the United Nations rose to a record in February. Food prices increase fueled political unrest across North Africa and the Middle East that toppled leaders in Tunisia and Egypt, the largest wheat importer.
Food output will have to increase by 70 percent by 2050 because the world population swells to 9 billion and rising wealth boosts meat and dairy consumption.
Commodity Plantation:
| Commodity Rubber |
Especially, the country's rubber export to Malaysia market is $19.67 million in the first month this year, over 20 fold increase against the same period last year and to gain the export growth of $2.5-2.7 billion this year as expected, the commodity rubber sector needs to diversify the products, reduce the export of raw materials, change the structure and improve the trade mark of Vietnamese rubber in the international market through annual fairs and exhibitions in nations.
Commodity Spices:
| Commodity Prices |
Canadian ginseng will get a promotion boost in lucrative Asian markets, including Hong Kong, with an investment of more than $63,000. The investment will be used by the Ontario Ginseng Growers Association, a non-profit organization of producers. This investment will help strengthen the position of Canadian ginseng in the established export markets of Hong Kong, Mainland China and Taiwan and to uncover new markets.
Research studies are being conducted for Canadian ginseng in the treatment of Type 2 diabetes, prevention of respiratory infections, and improvement of memory, as well as leading edge work on breast and prostate cancer.
Canadian ginseng exports reached $95.3 Million in 2009; 3.4 million kgs of roots were exported in 2009. Exports in 2009 increased significantly from 2008 (exports in 2008 amounted to $70.2 Million), making Canada the leading exporter of North American ginseng in the world. This investment is provided through the $88 million Agri Marketing Program.
Canadian ginseng exports reached $95.3 Million in 2009; 3.4 million kgs of roots were exported in 2009. Exports in 2009 increased significantly from 2008 (exports in 2008 amounted to $70.2 Million), making Canada the leading exporter of North American ginseng in the world. This investment is provided through the $88 million Agri Marketing Program.
Commodity Oil and Oil Seeds:
| Commodity MCX |
In an interview regarding commodity market, Jim Rogers, who is a bull in commodities market, said that crude oil prices will continue to Hike due to the reason that the world is running out of all the known reserves of oil.
Rogers, who set up the Rogers International Commodity Index, said that gold price will hike up to $2000 per ounce and silver price will hit $50 as the global investment demand and consumption of these two precious metals are just going up.
Commodity Fibers:
| Commodity Prices |
On Friday the announcement done by
India government
for commodity cotton prices about surging despite taking measures to reign-in the commodity rise.
Minister of State for Textiles, Panabaaka Lakshmi on Thursday, replied to the Rajya Sabha in a written format, pointed out the government imposing caps on cotton exports and cotton yarn exports, to curb rise, reported smetimes.tradeindia.com.
The minister acknowledged that cotton commodity price rise has been negatively affecting the textile industry and declared that a slew of schemes are being implemented to help the handloom sectors.
The commodity prices of cotton have been going at a greater velocity than commodity cotton yarn prices. Shankar-6 variety of cotton has climbed 10.7% since February 7; even as yarn rates of the widely-used 40s count has appreciated by 5.7%., recent reports said.
In fact, price of Shankar-6 has surged 50% since September 2010 to touch Rs 58,500 a candy (356 kg); rates of the 40s count, in comparison, have increased only 39.5% to Rs 275 per kg on February 23.
