Weather seems to be playing a joke on the already uncertain tomato processing sector yet again, with the official production estimates dropping on unfavourable weather in main producing countries. On the bright side, this might be a sign of market recovery, indicated by recovering prices.
Central America’s key cocoa producer is set to triple its cocoa production by 2022 owed to a notable boost in foreign investment.
New York raw sugar futures edged down to new three-year lows this week, but traders have so far seemed reluctant to push them below the bottom achieved in August 2015 (10.13¢/lb).
The US yield hike most analysts expected from the USDA last week had relatively modest impact on CBOT prices.
Price Graphing & Daily Prices
Latest Price News
Agri Data Graphs
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Grains & Softs
Rapeseed markets remained more or less range-bound, moving both ways for much of the week.
Chicago December wheat closed up 17 3/4¢ at USD5.79 3/4 per bushel, marking a second day of double-digit gains.
Soybeans and soymeal contracts declined Friday while soyoil contracts posted modest gains. November soybeans lost 4 1/4¢ at USD8.92 3/4.
Processed Food & Ingredients
The price for skipjack tuna raw material in Manta’s market remains the same as in June despite Bangkok’s fall to a record-low level earlier this month.
Weather is the main problem for US growers this year, also reportedly affecting blueberry and blackberry growers in the USA’s north-western states.
Polish President Andrzej Duda has signed legislation that introduces new regulations on fruit and vegetable packaging requirements.
After a successful launch in 2017, the Australian macadamia industry is bringing its Macadamia Innovation Challenge back for a second year, increasing the scale of the programme to invite participation from China and Japan.
Dairy & Meat
The gap between European and Oceania dairy commodity products appears to be widening as European traders begin to factor the possible impact of this summer’s drought into their supply plans.
Chicken slaughter in Brazil fell sharply in the second quarter of this year as a nationwide truck drivers’ strike added to other supply and demand-side challenges.
EU sheep prices have fallen yet again in the past week, as neither a slight easing of the drought conditions in key producer regions in north-west Europe, nor the approach Muslim Eid-al-Adha festival, were able to offer substantial support to a weak market.
The European pig market has sprung back to life over the past week as prices have responded to a modest recovery in demand.
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