(Bloomberg) -- An index of major crops wiped out its 2024 loss as bad weather stokes worries about harvests from wheat to coffee, reviving concerns about...
-- An index of major crops wiped out its 2024 loss as bad weather stokes worries about harvests from wheat to coffee, reviving concerns about rising food prices.Droughts, frosts and heavy rain are popping up across key growers, threatening tighter supplies and lifting the cost of agricultural staples. A Bloomberg gauge tracking nine farm commodities has turned higher on the year and is headed for the largest weekly gain since July.
Deteriorating harvest prospects in top shipper Russia have fueled the gains, with more downgrades likely in the next couple of weeks, Dennis Voznesenski, associate director of sustainable and agricultural economics at Commonwealth Bank of Australia, said in a weekly report. Cocoa futures in New York are poised for a weekly gain of almost 10%. Futures have resumed a rally due to falling bean inventories in exchange-monitored warehouses amid uncertainty over next season’s crop. Prices are expected to remain high throughout the current season’s mid-crop, supported by the market fundamentals, the International Cocoa Organization said in a report Wednesday..L FORM 8.
Who would dump 40 rotisserie chickens in the Yukon woods? That the question an Ibex Valley woman is asking after her dog Ossie sniffed out what many canines would consider the motherlode of tasty treats. Linda Lamers was out for a walk with Ossie when the dog caught the scent and found more than 40 rotisserie chickens dumped in a heap in the woods. There were also some side-servings of chicken fingers and french fries.
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