UK egg producers are likely to see their incomes fall after Brexit but there may be some upside for chicken meat producers, according to a provisional impact assessment presented at this week’s National Farmers’ Union (NFU) conference in Birmingham.
The Zagreb Stock Exchange has temporarily suspended eight subsidiaries of Agrokor, one of the country’s largest food processors and retailers, and its largest privately-owned company, from trading.
Argentine honey exporters have discounted prices this week in an attempt to stimulate demand.
The Spanish investment group Cantabria Family has made an offer to acquire the anchovy processor Conservas Fredo, under liquidation since February 2017, local media reported this week.
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Grains & Softs
Winter wheat in large parts of Europe are at risk of winterkill in the event of a severe frost, according to the EU’s latest JC MARS Bulletin.
March wheat closed higher Thursday, rising 4¢ at USD4.51 1/4.
March soybeans ended down 2 1/4¢, settling at USD10.32 per bushel while soymeal settled mixed and soyoil closed slightly lower.
March corn closed up 1¢ Thursday at USD3.66 3/4, but failed to breech the previous day’s low.
Processed Food & Ingredients
Average processed cashew prices have climbed by 15% to VND280,000 per kilo (USD12.3/kg) for W240 variety and from 7.7-16% to VND260,000/kg for W320 in the Vietnamese market from January to February 16, due to the increase in its consumption, being a traditional food in the Lunar New Year festival.
German growers cultivated bush berries (blueberries, raspberries and currants) on 8,900 hectares in 2017, a 5% increase on the previous year.
The past week has seen first new crop offers of both dried vine and tree fruits from South Africa. Prices have increased in line with current market levels but the good news is that the quality is reported to be excellent and, if the harvest continues without significant rainfall, there should be a good tonnage of dried vine fruits.
Dairy & Meat
The largest producer of shell eggs and dry egg products in Ukraine and Europe, Avangardco, today (Feb 22) announced that its Avis poultry plant has received approval to export Class A eggs to the EU.
Europe’s milk powder buyers stepped in to scoop up the largest volume sold so far from the EU intervention stockpiles.
Prices represented a mixed picture this week, with global price movements impacting on Ukrainian prices, while Russian butter remains high, despite the significant increases in domestic dairy production.
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