Yet this needs to be seen in the context of total developing world food production rising by about 270% over the same period.
And indeed since that meeting economic reports have improved significantly, including the surprisingly strong jobs report for July, unexpectedly positive housing reports, retail sales up 0.8% in July after declining 0.7% in June, industrial production rising 0.6% in July after rising only 0.1% in May and June, consumer confidence unexpectedly rising in August, and so on.
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In those days crude oil production was rising as fast as new oil fields could be found.
If its production keeps rising, Iraq may depress prices further.
The likelihood of increased production meeting rising domestic demand and sustaining exports is unlikely, says Ramesh Rajah, president of India's Coffee Exporters Association, citing the high cost of cultivating plantations.
Because fish stocks throughout the world are falling, driving up the prices of fish meal, and cotton production is rising, driving down the price of cottonseed, feeding cottonseed to catfish works for farmers of both cotton and catfish.
If a company's gross margin is falling, that could mean that the company is slashing prices (due to increased competition) or that cost of production is rising and the company can't increase prices to offset it.
That supply source is petering out just as traditional production costs are rising rapidly.
Yet they also expose investors to extra risks, including mismanagement and rising production costs.
Rising production and falling costs meant a 24% rise in earnings per share, despite the write-offs.
For smaller companies interested in the Gulf, the rising production costs mean that the death knell has been sounded.
Meanwhile, long-term support for platinum comes from rising production costs, particularly in the key producing nation of South Africa.
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Plans were originally introduced following the 2009 milk crisis that saw a combination of rising production costs and falling prices.
The original production starred two rising musical theater stars: Norbert Leo Butz, who has since won two Tonys, and Sherie Rene Scott.
The increase in oil production comes at a time when coal production is also rising sharply, largely to provide cheap energy to meet exploding demand in developing economies, particularly in Asia.
So Toyota and Honda may have to live with those rising production costs--the alternative is to risk trade restrictions if they try to produce more back home and ship cars to North America.
The ITA says the tea industry in Bengal - and also in Assam - is in crisis, with falling demand for Indian teas across the world, falling auction prices for teas and rising production costs.
Mr Wu, the owner of the scarf manufacturer Wells Knitting, admitted he was also feeling the strain of rising production costs and planned to retreat to his home province, Henan, in five years time to open a business there.
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Markit said that its latest survey "suggests the underlying health of the industrial sector continues to improve, and rising production will help the economy return to growth in the first quarter, provided there are no setbacks in coming months".
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Indeed, all sellers are by definition buyers, so when falling prices enable individuals to bank more of their limited capital, the latter serves as the source of new capital for labor on the way to enhanced production, and rising demand.
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Barrick Gold unveiled its first quarter earnings numbers, managing to beat profit estimates but giving a clear picture to what appears to be a new reality in the gold mining world: rising production costs and uncertain, and even falling, gold prices.
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Despite the sharp fall in natural gas prices in the U.S. caused by rising production from shale and other unconventional rock formations there was a time when early investors in shale gas made fat profits, a process which is being mirrored in Australia.
This would prove particularly painful for the industry if Chinese production were to continue rising.
Mr Kuprianov maintains that newer, smaller fields are compensating, and points to modestly rising overall production levels.
The rising automotive production in Asia led by China is raising demand for automotive batteries and automotive interiors.
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The company provides automotive batteries and interiors and has benefited from rising automotive production in Asia and North America.
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It said US oil imports would fall by a quarter between 2012 and 2014, because of rising domestic production and the discovery of shale gas.
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