Wheat futures dropped by two percent in May and was a frantic month for traders. During the first three weeks of the month, production output was upgraded and wheat prices were lowered. However, a strain of genetically modified wheat was discovered on farms in Oregon in the US, and several Asian countries withheld wheat orders as a result. The ensuing confusion caused prices to rise. Francisco Redruello, senior foods analyst at Euromonitor, also discusses corn, sugar, cocoa and skimmed milk powder in this monthly roundup.
Introducing Opportunity Minded, a new series from Euromonitor International designed for forward-thinking business leaders like you. Each episode tackles a strategic approach or topic on corporate agendas. You’ll hear from our experts who share in
