BREAKING NEWS : As a consequence, the U.S. Department of Agriculture (USDA) predicts substantial price increases for food next year, if not sooner. In its just released Food Price Outlook (http:/ /ers.usda.gov/data-products/food-price-outlook/summary-findings.aspx), the agency forecasts inflationary trends for food costs across the board. Animal food products will be especially affected due to more expensive feed. Inventories of beef have already been low this year and are being further reduced bec...

Follow Reuters What's at stake for Vijay Mallya if Kingfisher fails?  Full Article   ANALYSIS-Asia's feed mills caught short by costly corn Link this Share this * With corn at record, Asia to see higher meat prices * Australia almost out of feed wheat * Most Asian buyers short on grain supplies * Ample rice to ease impact of red-hot corn prices By Naveen Thukral SINGAPORE, July 30 (Reuters) - As corn prices climb past the record levels hit this time last year, a major factor has changed for Asian i...