stock exchange, price of coffee shares, cocoa and rice

stock exchange, price of coffee shares, cocoa and rice : The recent sharp increase in world agricultural inflation is likely to level off over the next year as growers expand production, but long-term trends still point toward historically high prices, the chief executive of global food supplier Olam International Ltd. said Wednesday.

The CEO, Sunny Verghese, also said in an interview that accounting concerns raised in a recent CLSA analyst report about Olam were unfounded, and that the issues identified had "no impact" on the profitability of the agricultural-products supply-chain manager.

Mr. Verghese said the recent big jump in farm prices world-wide was like "déjà vu all over again" after a similar sharp rise in 2008, when strong demand, tight supplies and market speculation sent crop prices soaring. This time, prices of wheat, corn, soybeans and a number of other agricultural products have likewise jumped, in part because of bad weather but also because demand remains strong, especially in Asia. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today

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