News Snippets

30/03/12 -- The Commonwealth Bank of Australia say that favourable soil moisture and high prices will see rapeseed plantings surge this year, with production estimated at a record 3.2 MMT in 2012/13.

The Russian PM says that winter crop conditions are better than normal.

The spring sowing campaign is underway in Ukraine with 600,000 hectares already planted, according to Agritel. They say that a total 14.4 million hectares will be sow this year, up 20% from last year due to winter losses.

Just 24 hours after Moritz Kraemer, the head of sovereign ratings at S&P, said that there was a significant possibility of a future Greek debt restructuring, the Greek PM admits that the need for a third bailout package couldn't be ruled out.

Meanwhile, the much larger problem of Spain is filling our TV screens.

Whilst the queues are still forming Unite has today ruled out the possibility of strike action over Easter by UK tanker drivers. Demand for petrol was up 172% yesterday, and a York woman suffered 40% burns when petrol she was decanting in her kitchen ignited, according to the BBC. Thanks, Mr Cameron.