US retail orange juice sales, for the four-week period to September 29 2018, dropped by 6.4% by volume to 2853 million gallons (30.49 mln gallons in the same period last year).
As India heads towards another bumper sugar crop, will the government’s latest bail-out truly aid its farmers? Sister title FO Licht outlines the bail-out details and discusses its effectiveness.
US dried fruit imports rose by 86% in volume to 108.4 mln lbs and by 46% in value to USD110.3 million in January to August 2018 compared with the same period in the previous year.
US agriculture and rail group The Andersons has announced it has agreed to acquire the outstanding equity in its long-time affiliate Lansing Trade Group.
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Grains & Softs
Chinese officials have indicated the country would import more palm oil from Malaysia provided prices are competitive, Malaysian Prime Minister Mahathir Mohamad said.
Top global cocoa producer Ivory Coast continues to rapidly advance through the early part of the cocoa season with weekly arrivals seeing a 60% rise year-on-year.
Soybean futures modestly weakened Monday, with profit-taking in soybeans pressuring meal and oil lower as well. November soybeans lost 6 3/4¢ at USD8.84 3/4.
Processed Food & Ingredients
Total US imports of canned pears from China between January to August this year increased by 8.86% to 18,187 tonnes, compared with the same period in the previous year.
Low almond prices are impacting on the Spanish company Borges BAIN’s Q1 results, listed on the Madrid exchange, suffering losses and a fall in handled volume in Q1 2018-2019 (June-May) y-o-y.
The US fresh apple market fell by 5% in dollar value and 8% by volume over the 52 weeks to July 7. Apart from the week ended September 15, 2018, the past month has seen consecutive weekly declines for apples.
With the recent US restrictions on Iranian oil exports, the Middle Eastern country's economy is said to be entering a slump, affecting the currency exchange and, inevitably, Iranian tomato paste producers.
Dairy & Meat
US broiler exports through August remain above year-ago marks with Mexico still the key destination for US supplies.
Event 222 delivered mixed results, with New Zealand's abundant milk collections continuing weighing on dairy fat prices, except butter.
Market players within Mexico’s dairy sector are mostly in the dark about the newly negotiated US-Mexico-Canada Agreement (USMCA).
Futures have taken back much of the gains seen since mid-September but could still move higher if cash markets rise.
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