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... the european commission has been given the go ahead to release stocks of cereals from intervention in a move to alleviate grain price pressures ... eu commissioner for agriculture, dacian ciolos, announcing the move, said that the tendering procedure for releasing stocks means that the commission retains control of both the volume and the price of the stocks coming onto the market, and that it "will follow the evolution closely to make sure that the market is not disrupted

... "contrary to other meat producers, mhp is insulated from the rising grain price due to the vertically integrated business model, and therefore benefits from grain growing operations ... due to the high grain prices, prices for all kinds of meat will start growing in the forthcoming months," said ceo yuriy kosiuk

... following is a compilation of company reaction, analyst comments and share details from european companies which might be affected by the resultant rise in grain prices ... * western european beer groups: european brewing shares recovered this week after the world's biggest brewer, anheuser-busch inbev, said current rising grain prices would not hit the group until 2012 at the earliest due to forward buying or hedging of key ingredients such as malting barley and other grains ... inbev said that it does not expect to see any impact from the recent barley price increase, believing it to be a short-lived spike ... * western european food groups: europe's three biggest food groups, nestle, unilever and danone, are relatively cushioned from the rise in grain price as all use little grain, and what they do use has largely been hedged forward ... smaller and private-label food groups which are big wheat users, however, are likely to suffer, and much depends on how much of the grain price rises they can pass through to retailers and than on to consumers ... swiss-based nestle, the world's biggest food group and regarded as solid performer in tough conditions, was calm in the face of a spike in commodity price inflation, and increased its growth forecast for 2010 ... "if price tensions were to continue, we think that this should have a limited impact on european majors' results (nestle, unilever and danone) in the short term," said analyst orianne segaud at brokers natixis ... * european retailers: west european food retailers have seen little impact as food manufacturers have yet to try and pass on grain price rises, but those retailers in the drought-affected areas have been under pressure to push up prices ... paris-based danone, which announced plans to merge its russian dairy business with unimilk in june, said deliveries to seventh continent were suspended starting in august after the retailer rejected a 4 percent price increase ... government slashed its estimate for world wheat output as russia faced drought losses on a quarter of its grain area, and russian agriculture ministry data show grain exports would be down sharply

... the continent's top three food makers nestle, unilever and danone have stayed upbeat despite commodity price headaches, while smaller groups such as britain's premier foods and dutch bakery group csm have been quick to warn of pressures ... he says big grain buyers such as kellogg and general mills typically hedge against commodity price risk at least six to nine months in the future, meaning the recent surge in wheat prices will not materially affect their costs or profit margins in the near term ... in addition, big food groups have more marketing clout with retailers and thus have more power to push through price rises if they can not absorb the higher costs elsewhere ... nestle shares are virtually unchanged from late june when the big grain price rises started while unilever and danone have dipped between 3 and 4 percent reflecting more weak european sales and a more competitive marketplace, analysts said ... the group is facing hefty debts after its disastrous takeover of rhm in 2007 and its lowly share price at 18 pence has hardly moved since june, but it has already fallen from a high of 288p in early 2007 ... "if wheat prices were going up at 4 percent or 5 percent, there might be a question mark about whether or not we could sustain a price increase or whether we'd even go for it ... the world's largest bakery supplies maker csm has said it will raise prices to offset the wheat price rise although the supplier of muffins and pastries to european and u ... while the wheat price spike, the most dramatic for more than 30 years, has caused food groups concern, some analysts believe the panic should pass

... wheat futures jumped 6 percent, taking weekly gains to more than 25 percent, after a drought in russia prompted russian prime minister vladimir putin to sign an order banning grain and flour exports from mid-august to the end of the year

... the uk’s national farmers union (nfu) is calling for the reinstatement of european import duties on cereals to protect grain producers both domestically and in northern europe ... paul temple, the association’s new president, will lead calls for the tariffs to be brought back at a commission advisory meeting in brussels today, a move that could increase costs for manufacturers reliant on foreign grain supplies ... grain price earlier this month, prices for a ton of bread-making wheat reached €180, representing a considerable fall from the €248 a ton recorded the same time last year, according to the uk-based home grown cereals authority ... import tariffs the commission first proposed relaxing the additional charges on cereal imports late last year in a bid to ease the commodity price and supply pressure on the european food industry