The topic of taxing certain food and drink products to change consumer behaviour has become one of the most hotly-contested debates in public health policy around the globe
European futures platform EEX is in discussions with New Zealand's GlobalDairyTrade (GDT) to create a European auction platform for dairy commodities, Sascha Siegel, EEX's Head of Agricultural Commodities, confirmed on Thursday (November 15).
China doubling up on its October palm oil imports from Malaysia might have been expected to lift prices off their recent lows – if not for the top importer India more than halving its demand.
Prices of Turkish sultanas and raisins have continued to firm with major packers reporting difficulties in obtaining good quality raw material from local farmers.
Price Graphing & Daily Prices
Latest Price News
Agri Data Graphs
Latest Market Data News
Global Grain Geneva 2018
Regulations on the sulphur content of marine fuels will lead to a freight increase of USD7 per tonne from 2020 and could cause short-term disruption in the run up to implementation, according to panellists at Global Grain Geneva.
Despite Russia proving last season that its export infrastructure could handle a bumper crop, investment is still needed, panellists told Global Grain Geneva attendees.
Grains & Softs
Rain and snow continued to hold up the last part of the US harvest —16% was left to combine last weekend— helping keep corn futures afloat the past week amid some less supportive news on the demand side.
Soybean futures gained Friday despite sluggish export sales performance during the peak window for US soybean exports. Soymeal contracts led gains in the complex on a percentage basis, while soyoil contracts posted modest losses. January soybean futures gained 3 1/2¢ at USD8.92 1/4.
US futures again traded mixed Friday but December Chicago wheat managed to close higher by Friday's settlement, gaining 1 1/4¢ at USD5.06 3/4.
Cocoa futures closed a little higher in both markets on yesterday’s close (November 15).
Processed Food & Ingredients
China exported 708,320 tonnes of AJC in the July 2017-August 2018 season, the highest figure since the 2010/11 season, when the country exported close to 874,500 tonnes.
The Dutch fund Oikocredit has invested EUR2.0 million (USD2.26 mln) in Burkina Faso-located cashew plant Anatrans, owned by the Dutch organisation Trade & Development Group (TDG).
The global pistachio market has been affected by a poor Iranian crop in 2018, dropping 65,000-70,000 tonnes due to water scarcity, very far from the peak of 300,000 tonnes in 2007. The 2019 estimate is not much better, because it is an off-year for Iran’s nut trees.
La Doria's third quarter results were heavily impacted by higher competition in the UK and weakening sterling in anticipation of Brexit in the tomato sector but were marginally offset by stronger performance in other segments.
Dairy & Meat
NZX futures remained quiet this week, suggesting of possible increases in whole milk powder (WMP) at the next GDT event this coming Tuesday, while EEX skim milk powder (SMP) quotations continued recovery.
EU agriculture Commissioner Phil Hogan has warned that the EU is unlikely to strike a free trade deal with South America’s Mercosur trade bloc before the inauguration of Brazil’s new President at the start of 2019.
China’s ongoing battle against African Swine Fever (ASF) took a serious turn for the worse this week as the disease reached Sichuan province - the country’s top pig producing region - and was then detected for the first time in wild boar.
Senior European dairy trade executives echoed similar views on the UK’s under-fire Brexit Withdrawal Agreement with the EU at this week’s European Dairy Association Annual Convention in Dublin this week – far from perfect, but much better than most of the alternatives.
All set! This article has been sent to email@example.com.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.