If you have ever wanted to understand changes in your suppliers’ electricity costs, you might find this U.S. federal government website useful. It identifies regions and ‘hubs’. The best news is that pricing for most hubs is free and a matter of public record.
No matter the place — California’s Central Valley, southern Nevada, the Colorado River, the Southern Plains — water is harder to find across much of the West. And, with energy demand and populations growing, once-unfathomable choices about water pricing and the future of agriculture are unavoidable.
Water has been on the sustainability agenda for many years, but this article brings in to stark focus the reality of declining availability of fresh water in North America.
It raises the question, could water shortages prove a risk to your businesses, either in their operations or supply chain? Reducing water consumption is not just an environmental issue, it is a real and present business issue.
Myanmar has decided to develop its rice production, following its neighbors steps. The government hopes to export 2 million tons of rice in 2013, and 3 million tons in 2015.
From 778,000 tons in 2011, the volumes available for export could double this year, according to estimates by the USDA.
According to the head of crop research at International Rice Research Institute, Myanmar has a perfect environment for growing rice in many areas, untapped potentials that could quickly make it a leading exporter.
Futures will drop as much as 12 percent to 240 yen ($3.12) a kilogram (2.2 pounds) in Tokyo this year, the lowest since November 2009, the median estimate in a Bloomberg survey of 14 analysts and traders shows.
Rubber plantations from Indonesia to Ivory Coast will tap a global crop this year that will create the biggest glut since at least 2004, cutting costs for Bridgestone Corp., Michelin & Cie. and other tiremakers.
Limited supplies of five rare-earth minerals pose a threat to increasing use of clean-energy technologies such as wind turbines and solar panels, a U.S. Energy Department report found.
The price of steel has diverged sharply in the US and Europe, underscoring the differing economic fortunes of the two regions.
The $500bn-a-year steel market is one of the best barometers of the health of the manufacturing and construction sectors, and the rare split in transatlantic prices offers an insight into business sentiment in the US and Europe as companies prepare to report their annual results.
The price of benchmark hot-rolled coil steel in the US Midwest rose to $756 a tonne in December, 12.5 per cent higher than in November, according to CRU, a leading consultancy.
Nucor, in their earnings press release from earlier today stated, “…new domestic supply in the sheet market and increases in imports of sheet steel have begun to put significant pressure on prices and margins. Unless the supply/demand/pricing dynamics reverse themselves, the sheet market will be the most challenging for the industry in the third quarter.”
The new supply Nucor is speaking about is out of RG Steel Sparrows Point, Severstal Columbus and ThyssenKrupp Steel USA. However, there have been issues with production and systems which have prevented at least two of the three mills from having as large an impact as they could present if they were running smoothly.
Natural gas for July delivery fell 8.7 cents, or 2 percent, to $4.325 per million British thermal units on the New York Mercantile Exchange, the lowest settlement price since May 20. The futures dropped 9.1 percent this week, the first weekly decline since the five-days ended May 20.
June 17 (Bloomberg) — Natural gas futures fell to a seven- week low on forecasts of moderating temperatures that may reduce demand for the power-plant fuel.
Natural gas posted the first weekly decline since mid-May after forecasters including Commodity Weather Group LLC in Bethesda, Maryland,
predicted mostly normal temperatures in the central U.S. from June 22 through July 1.
Against a basket of currencies, the dollar has lost almost 18% since last June and more than 10% since December, raising the concern that panic selling has already set into foreign exchange trade. The U.S. dollar index fell to 72.933 on April 29, nearing the all-time low of 71.329 set during the financial crisis in 2008.
It is almost becoming an affront to the legacy of George Washington to have to grace the lowly greenback.
While the currency managed to claw back some ground amid turmoil on global markets this week, it remains on the verge of sinking below a pair of important thresholds. The first is the 2008 record low.
But perhaps an even greater indictment of the U.S. dollar is its depreciation against the euro, a currency that’s one sovereign default away from an existential crisis. At US$1.50, the euro will have climbed all the way back from last year’s plunge.
Dry weather in France and Germany and England’s hottest April in at least 352 years is threatening crops across the European Union, producer of a fifth of the world’s wheat.
About 20 percent of average rain fell in the U.K. in April after a dry March, further reducing soil moisture, the Home-Grown Cereals Authority, an industry group, said in an e-mailed report. European wheat and rapeseed crops are “in jeopardy” after an “incredibly dry” April, according to agricultural weather forecaster Martell Crop Projections.
Dry, warm weather in Europe may reduce global wheat stockpiles already expected to fall 7.6 percent in the year that ends on May 31, the biggest decline since 2007. Food prices reached a record in February, driving 44 million people into poverty, and wheat consumption may rise to an all-time high this year. The world “cannot afford” for Europe’s crop to be diminished, Abdolreza Abbassian, a senior economist at the United Nations’ Food and Agriculture Organization, said last month.