CBOT wheat futures hit their lowest levels of the year this week amid relentless pressure from huge global supply and barely routine demand.
The EU has concluded its Economic Partnership Agreement with Japan today, which is expected to significantly improve market access for EU meat and other agri-food exports, while offering protection to more than 200 EU Geographical Indications.
Prices for Skipjack raw material landed in Manta this week decreased 100 dollars per tonne from last week’s price. Despite the last fall, raw material Manta price is still 200 dollars/tonne higher than Bangkok’s.
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Grains & Softs
A 27% drop in US corn export commitments for the season to date continues to weigh on the CBOT futures market; sales are down to customers in all major consuming regions – Asia, Africa and the Western Hemisphere.
Forward sales of Brazilian soybeans are still lagging behind last year's pace, due to low prices, consultancy Safras & Mercado said on Friday (December 8).
Arabica futures in New York ended with fractional losses as the market consolidated after its recent strong losses.
Processed Food & Ingredients
The Californian output decline has driven prices up for the rest of worldwide market origins, Rotterdam trader Catz International observed in its last market report.
Symrise, the German fragrances and flavours house, has bought Citratus Fragrâncias Indûstria e Comércio Ltda of Brazil, for an undisclosed sum.
Sensient Flavors has announced its All Natural Flavour Collections, reflecting current consumer preferences and split into five key botanical areas: Florals, Herbs, Spices, Tea and Ginger.
The Coca-Cola Group will increase the share of local suppliers of raw materials for juices in Russia to 40% by 2021, according to Coca-Cola HBC’s chief executive in Russia, Stefanos Wafeidis.
Dairy & Meat
Russia’s biggest meat producer Miratorg today (Nov 8) reported an African Swine Fever (ASF) outbreak at one of its feeding sites in the Belgorod region.
While high egg prices persist across the EU, the US is helping fill gaps left by the fipronil scandal and a collapse in imports from Ukraine.
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