Topic “In the News News” — Exporter Magazine

Some 19.3 million head of lamb are expected to be exported, a drop of 7.7% compared to last season. Despite the lower volume of lambs, higher prices will see export receipts for the season total around $2.6 billion. The report cited Clarkson Plc, the world’s biggest shipbroker, saying a total of 38 capesizes, carriers three times the size of the Statue of Liberty, will be demolished this year. The US Department of Agriculture (USDA) has said it expects the Consumer Price Index to rise by 2 to 3% in 2011, ending a period of near-stagnant food price inflation over the past two years, according to FoodNavigator-US.com. The company, which employs 2,400 people in the region has evacuated its 25 expatriate employees on private planes and asked its local employees to stay home. Under the programme, qualifying companies will get the opportunity to develop their ideas into prototypes and proofs of concept utilising IRL’s world-leading science and engineering expertise. The firm will contribute 50% of the total project funding with IRL matching their contributions dollar for dollar.