IEG Vu’s January Top 10: Grape juice scandal, SMP stocks and cocoa grind
News and analysis on fruit juice adulteration, milk prices, rapeseed imports, pork production and cocoa grind all featured in the most popular articles on the IEG Vu website in January.
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- Another grape juice adulteration scandal
Some Spanish wine and grape juice producers were caught adulterating white grape juice and/or wine with sugar. A number of buyers and blenders subsequently contacted IEG Vu with concerns that they may have inadvertently purchased the tainted products.
- Too much SMP in Europe? Here’s a solution (free to view)
The EU is currently sitting on around 369,000 tonnes of skimmed milk powder in intervention stocks. How do you release that amount without it impacting the market? Dairy analyst Robert Schorsij has an answer.
- European Q4 cocoa grind rises 4.4% y-o-y
European cocoa grindings increased in the last quarter of 2017 to 353,286 tonnes and beat the 3% rise in the previous quarter.
- Mixed prospects for world's 'big four' pork exporters (free to view)
Chinese demand for pigmeat faltered last year, sending EU and Brazil exports into reverse gear. At the same time, US and Canadian shipments beat expectations – what does 2018 hold for the ‘big four’ producers?
- Effect of frost on Polish fruit: final report released
In 2017, the Polish harvest of tree fruits fell by a third year-on-year, with the collection of berries down 15%, as a result of two waves of spring frosts. Cherry production, in particular, suffered severe losses.
- EU rapeseed, sunflower oil imports up sharply (free to view)
Rapeseed imports into the bloc have swelled by 26% in the opening seven months of the marketing year, while sunflower oil purchases have jumped by 44%.
- The orange juice slump (free to view)
2017 was an extraordinary year for the global orange juice sector with falling consumption in Europe and the US, disease and climate change impacting crops, and hurricane Irma sweeping through Florida. What was the impact on prices?
- EU offers 99,000 tonne quota for Mercosur beef
Reports suggest the European Commission has upped its quota offer for Mercosur beef to just shy of 100,000 tonnes in an effort to secure a trade agreement with the bloc of Latin American countries.
- EU milk price 'hangover' as companies cut payments
After a progressive rise in prices paid for milk in 2017, companies across Europe have started to tighten their belts and offers to producers have dipped.
- Skipjack raw material prices down in major markets
Prices of skipjack raw material processed in Manta and Bangkok markets, Ecuador and Thailand respectively, fell in the opening weeks of the year. But by the end of the month, traders were more optimistic that an upturn is on the way.
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