Two months ago, the US Department of Agriculture forecast the biggest corn harvest in history: 376million tonnes. After two months of record heat and drought in the US Midwest, it has dropped its forecast to 274million tonnes.Friday, 17 August, 2012, 1:35am
The world was a better place before the global financial crisis, but it was not perfect. People may now gloss over the fact that, before the crisis, Asia was in the grips of an inflation scare. Oil prices were soaring. As oil is a key cost for almost all economic activity, this drove a rise in general inflation, most notably in the cost of food.23 Jul 2012 - 12:00am
Naturally, the world's attention is focused on Spain, Greece, the euro and their consequences for the global economy. Any day could bring a turning point for better or worse. But perhaps just as important in the longer run is a turning point in something that is gradual and undramatic but ultimately has a profound impact on the balance of wealth and power in the world: commodity prices.3 Jun 2012 - 12:00am
Mainland home prices fell for the eighth month in a row last month, data from one of the country's largest property research firms shows.
Year on year, prices fell for the first time last month by 0.71 per cent.3 May 2012 - 12:00am
Sunshine Oilsands, founded by Canadian oil and gas industry veteran Michael Hibberd and geologist Shen Songning in 2007, is seeking to raise up to US$700 million in Hong Kong's first initial public offering of an oil sands developer.17 Feb 2012 - 12:00am
Interpreting January's economic data from China is always tricky. There are too many distortions around the Lunar New Year holidays to draw conclusions with any confidence.
Even so, some of the numbers that have emerged over the last week are sufficiently ugly to have analysts seriously worried.13 Feb 2012 - 12:00am
Not all biofuels are good for the planet
Cathay Pacific is planning to use biofuels to meet strict carbon emission requirements. This is great news, because if airliners use renewable energy, it will benefit the environment.
However, if using biofuel means burning corn and fermenting crops to generate ethanol, this can be quite damaging.7 Dec 2011 - 12:00am
The mainland's grain output rose 4.5 per cent this year to a record 571.21 million tonnes, with corn output beating expectations, the National Bureau of Statistics said.3 Dec 2011 - 12:00am
The last month has been the busiest time of year for Li Yingwen and his fellow grain farmers.
The tasks include testing combine harvesters, looking for labourers, supervising the reaping and spreading out the grain in the sun. Soon, Li will find himself dealing with rice traders from across the country.6 Nov 2011 - 12:00am
Virgin Atlantic Airways says it may have found the best source yet for aviation biofuel.
Earlier this month, the airline announced a partnership with New Zealand low-carbon fuel specialist LanzaTech to develop an aviation fuel by converting waste gases from steel mills using special microbes.24 Oct 2011 - 12:00am