Vietnamese cashew exports grew by 8.1% in volume to 242,789 tonnes and by 2.7% in value to USD2.3 billion from January-August 2018.
The Cocoa Farmers Association of Nigeria (CFAN) believes the cultivation of cocoa, the country’s second-largest foreign exchange earner after oil, is not getting the necessary support from the state and federal governments in Nigeria.
The UK’s Press Association says the company will secure existing supply relationships with UK pubs and bars with small-scale production, which it can then increase if need be.
EU meat processors body Clitravi has called on the European Commission to push for an urgent meeting to address what it sees as unjustified import bans imposed in the wake of an African Swine Fever (ASF) outbreak in Belgium.
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Grains & Softs
Arabica coffee future prices tumbled for the fourth straight session to reach the lowest in nearly 13 years, weighed down by plentiful Brazilian supplies.
Soybean and soymeal contracts advanced Wednesday, which also lifted soyoil contracts. November soybeans gained 16¢ at USD8.30.
Corn futures turned higher on Wednesday, with December corn up 2 1/2¢ at USD3.45 3/4.
Processed Food & Ingredients
China’s 2018 apple harvest has been officially reckoned at 32.06 million tonnes, a 28% cut from 44.5 mln tonnes last year, according to a presentation made at the China Juice conference in Xi’an today.
US pistachio shipments closed the 2017/18 marketing year 0.85% up from those of the previous season at 694 million in-shell equivalent pounds. This was despite a 44% fall in August 2018 shipments from those of the same month a year ago to 35 mln lbs.
There are a number of reasons for this upturn, Dutch broker QFN Trading & Agency noted in a report on Tuesday.
Dairy & Meat
Soaring export demand for Brazilian beef is helping lift prices for cattle – both on spot and futures markets.
European dairy commodity prices have fallen back over the past week, as the prospect of short-term disruption to milk supplies in the wake of this summer’s drought fades further into the distance.
New Zealand's fourth-largest dairy producer Synlait reported an almost double profit increase in its full-year financial results, led by baby milk..
An EU judge, the advocate general, will on 20 September hand down an opinion on a case brought by an animal rights group challenging the right of halal meat to carry an organic label on grounds that slaughter without stunning does not meet the high welfare standards required under EU law.
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