GFM Network News

El Nino emerges, raising fears over food prices

An El Nino weather pattern is underway and will last until winter, Japan said on Friday, foreshadowing disruptive conditions that could harm crops from Australia to India at a time of rising fears about global food supplies. Corn prices have surged more than 60 per cent in the past two months as the United States […] Read more

Japan’s corn use in feed drops to 20-year low

Japan’s usage of corn in animal feed reached a 20-year low in May, maintaining a downtrend that began in 2010 when high prices spurred the world’s biggest corn importer to use more wheat instead. Preliminary government data released Friday showed the ratio of corn in animal feed fell to 43.7 per cent in May compared […] Read more