North American drought creates export opportunity for Australian food processors
date:Jul 20, 2012
duced supplies and higher prices are expected to sharply lower 2012-13 corn usage with the biggest reduction for feed and residual disappearance, the USDA said.

The crop market price spikes have also affected meat and dairy industry costs across the globe as stock feed prices have risen. Lot-feeding margins have become tighter. By contrast, Australian agriculture has experienced extremely good growing conditions for the past two seasons, with excellent rainfall and good grain crops again on the
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