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Commodities

Beverages Explore this Topic

Set Alert for IEG Vu Commodities :: Beverages

Sharp rise in UK food and drink exports

Exports of all UK food and drink grew to GBP5.9 billion (USD7.8 bln) in Q3 2017, up 14.7% on 2016, the country’s Food & Drink Federation (FDF) states in its quarterly exports snapshot report. 

Beverages Dried Fruit & Nuts

US cranberries to be turned into fertiliser

US cranberry processors are awaiting governmental and USDA approval of a disposal programme that will allow them to reduce the country’s huge stocks of cranberries.

Cranberry Juice Fresh Fruit & Vegetables

Refresco and PAI agree public offer date

Juice and soft drinks giant Refresco, and the consortium consisting of PAI Partners SAS and British Columbia Investment Management Corporation (BCIMC) acting jointly through Sunshine Investments have issued a joint statement relating to the conditional agreement for a public offer by the Consortium for all the issued and outstanding ordinary shares of Refresco at an offer price of EUR20 (USD23.47) in cash per share.

M&A Beverages

UAE targeted with new Indian soft drinks

Hielo Beverages of India, which makes premium and luxury beverages, is entering the UAE soft drinks market.

India United Arab Emirates

Coca Cola subsidiary reported to have ceased production

Turkmenistan Coca-Cola Bottlers is on the verge of quitting the Turkmenistan market, according to local media.

Turkmenistan Commercial

USDA agrees to reduce grapefruit sizes

The USDA’s Agricultural Marketing Service (AMS) has implemented the recommendation from the Citrus Administrative Committee (Committee) to relax the minimum size requirements currently prescribed for grapefruit.

Fresh Grapefruit United States
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Canned & Tomato Products Explore this Topic

Set Alert for IEG Vu Commodities :: Canned and Tomato Products

US sales of tomato products on the low

Supermarket dollar sales for tomato products show a downward trend across the entire sector, but it is tomato purée and canned tomato which saw the steepest decline, according to the November 13 Food institute report, quoting market research firm Iri Worldwide.

Canned & Tomato Products Demand

Reduced shelf life prevents can contamination

A study about the presence of tin leaking into canned food content was presented at the 11th Dubai International Food Safety Conference last Tuesday. The team of experts who conducted the research warned against health issues due to consumption practices of preserved food in tins. 

United Arab Emirates International

Skipjack raw material tuna price continues to slide

In the current week 47, skipjack tuna prices for raw material landed in Manta and Bangkok dropped by 15% and 22% respectively from their peak of week 42. IEG Vu has heard there are movements in the industry, trying to reduce the USD200 price gap between both markets. 

Thailand Ecuador

Oceana delays final dividends due to profits drop

The producer of Lucky Star canned pilchard, Oceana, saw its revenue decrease by 15% to ZAR6.8 billion (USD482 million) and operating profit before other operating items decreased by 39% to ZAR1 bln in the financial year ending on September 30 2017. Canned sales decreased 16% in volume compared to last year’s.

South Africa International

Peru to ban Chinese tuna canner for contamination

The Peruvian National Fisheries Health Agency Sanipes has temporarily stopped all imports to the country of processed fish produced by the Chinese company Tropical Food Manufacturing after one batch of canned mackerel in tomato sauce was found to be contaminated by the anisakid nematodes parasitic worm. 

China Peru

Prices for Greek canned peaches remain unchanged

Current prices of canned peaches in Greece remain the same as they were in September when production finished and negotiations started. Local industry sources claim to be “very satisfied” with the current rate of shipments. 

Europe Greece
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Cocoa Explore this Topic

Set Alert for IEG Vu Commodities :: Cocoa

Futures Review: Cocoa still on the up

Cocoa futures continued the upward slant in both New York and London following a week of bullish news. 

Cocoa Futures

Ivorian cocoa port arrivals still recovering

Ivory’s Coast’s cocoa port volumes continue to be below year-ago levels but are steadily growing, exporters estimated.

Cocoa Côte d'Ivoire

Futures Review: Cocoa values pick up on higher grindings

Cocoa futures saw an uptick in both New York and London as Ivory Coast reported a rise in its cocoa grindings. 

Cocoa Futures

Ivory Coast cocoa grindings up 15%

Ivory Coast cocoa grinders had processed 45,000 tonnes of beans by the end of October, the first month of the new season, up 15% on the same month of last year, data from the exporters' association GEPEX showed on this week according to Reuters.

Cocoa Côte d'Ivoire

Futures Review: Cocoa still slipping below last week’s high

Futures in both New York and London as values continue to move away from 10-month peaks seen last week.

Cocoa Futures

Weekly Review - Cocoa teeters at the top

Continuing uncertainty about the size of West African crop failed to stop the cocoa market’s three-month rally running into headwinds this week. 
Cocoa Futures
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Coffee Explore this Topic

Set Alert for IEG Vu Commodities :: Coffee

Brazil specialty coffee exports on the rise

Specialty coffee already represents 20% of the total coffee exported by Brazil and a substantial share of shipments from Minas Gerais, according to the Brazilian Coffee Roasters' Association (ABIC).

Coffee Brazil

Futures Review: Robusta coffee drops to 16-month low

The January Robusta coffee contract settled down USD44, or 2.4%, at USD1,757 per tonne. 

Coffee Arabica

Arabica coffee prices see minor dip in Brazil

Brazilian Arabica coffee prices slip by 1.4% on the week according to Cepea. 

Coffee Brazil

Futures Review: Arabica coffee regains some ground after slide

The March Arabica coffee contract settled up 0.90¢, or 0.7%, at 126.65¢ per lb, in dealings between 125.35 and 128.35¢, after falling by 3.4% in the previous two sessions. 

Coffee Arabica

Futures Review - Coffee futures drop in low volume

The March arabica coffee contract settled down 1.50 cent, or 1.2%, at 125.75 cents per lb in dealings between 124.85 cents and 127.20 cents.
Futures Coffee

Uganda coffee exports rise 82% in October

Coffee exports in October 2017, the first month of the new 2017/18 season, totaled 381,636 60-kilo bags, up 82.5% from 209,144 bags in the same month last year, the state-run Uganda Coffee Development Authority (UCDA) said.

Uganda Coffee
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Dairy Explore this Topic

Set Alert for IEG Vu Commodities :: Dairy

Daily Price Update 23/11/2017: European butter still volatile

Quite a mixed situation in Czech Republic and Poland this week, with significant drops in powders and a slightly slower butter slide.

Butter SMP

SMP tender offers flood in, but prices still too low for EU

EU officials have been overwhelmed by a sudden surge in demand for skimmed milk powder (SMP) from intervention stocks.
SMP EU

Danone works on raising standards and export potential in Ukraine

Improving standards of dairy and accelerating exports in Ukraine are the key company interests identified by Danone’s new chief executive in the country. Ukraine is one of Danone’s fastest top 10 countries for product development, said Nathalie Alquier.

Ukraine Dairy Products

Sharp rise in UK food and drink exports

Exports of all UK food and drink grew to GBP5.9 billion (USD7.8 bln) in Q3 2017, up 14.7% on 2016, the country’s Food & Drink Federation (FDF) states in its quarterly exports snapshot report. 

Beverages Dried Fruit & Nuts

Daily Price Update 22/11/2017: EU SMP market game changer due

 The European Commission is expected to further open its milk powder store cupboards as officials meet tomorrow (Nov 23) to decide on SMP tender offers.
SMP Butter

Diversifying Belarus not ready to cut dairy ties with Russia

Belarus is focusing on export diversification with the help of the fast-growing domestic dairy industry. But is committed as ever to supplying Russia, its deputy prime minister said in a TV interview.

Belarus Exports
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Dried Fruit & Nuts Explore this Topic

Set Alert for IEG Vu Commodities :: Dried Fruit and Nuts

Sharp rise in UK food and drink exports

Exports of all UK food and drink grew to GBP5.9 billion (USD7.8 bln) in Q3 2017, up 14.7% on 2016, the country’s Food & Drink Federation (FDF) states in its quarterly exports snapshot report. 

Beverages Dried Fruit & Nuts

Good prospects for South African 2018 macadamia crop

Expectations for South Africa’s macadamia production in 2018 are excellent, the sales manager of Green and Gold Nuts, Alex Whyte, told IEG Vu.

Macadamias South Africa

Turkey records rise in weekly sultana and raisin exports

Exports of Turkish sultanas and raisins have reached 77,635 tonnes from September 1-November 18, slightly down on the 83,311 tonnes shipped in the same period last year, and reflecting the slight increase in prices for the 2017 crop.

Dried Vine Fruit Figs

California Prune Board highlights achievements in 2017

The California Prune Board (CPB) held a celebratory dinner at the legendary Savini at Criterion restaurant in London on Tuesday evening to mark its 65th anniversary year.

Prunes NPD

Dried and edible nuts imports increase in US

The US intake of dried and edible nuts increased by 8% in volume to 439.50 million lbs and by 32% in value to USD1.7 billion from January-September 2017 compared with the same period one year ago, the latest Food Institute Report stated.

Dried Fruit & Nuts United States

Festive flavours from Forest Feast

Forest Feast has announced the launch of its exclusive Christmas collection of nut products.

Cashews Pistachios
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Fresh Fruit & Veg Explore this Topic

Set Alert for IEG Vu Commodities :: Fresh Fruit and Vegetables

EU faces tight apple supplies

Apple supplies in Europe are expected to be extremely tight in the second half of the season, offering opportunities to exporters from the southern hemisphere.

Fresh Apples Germany

Sharp rise in UK food and drink exports

Exports of all UK food and drink grew to GBP5.9 billion (USD7.8 bln) in Q3 2017, up 14.7% on 2016, the country’s Food & Drink Federation (FDF) states in its quarterly exports snapshot report. 

Beverages Dried Fruit & Nuts

US cranberries to be turned into fertiliser

US cranberry processors are awaiting governmental and USDA approval of a disposal programme that will allow them to reduce the country’s huge stocks of cranberries.

Cranberry Juice Fresh Fruit & Vegetables

Polish provisional vegetable crops estimates released

The overall harvested volume is at the same level of last season at about 4.5 million tonnes, but within the vegetables sector some problems were forecast for late varieties, according to the Pre-harvest estimates for main agricultural and horticultural crop of the Polish Statistical Institute (GUS).

Frozen Foods Production

Brexit to revamp the UK peas market

Brexit offers the opportunity to increase domestic sales of peas, a report recently released by two sector organisations states.

Fresh Peas Production

French autumn potato production estimates released

The final figure for the production of potato in France for the 2017 season is set at 6.18 million tonnes which is 21% more than one year ago, the country’s potato organisation UNPT reported.

Fresh Root Vegetables Production
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Frozen Foods Explore this Topic

Set Alert for IEG Vu Commodities :: Frozen Foods

Sharp rise in UK food and drink exports

Exports of all UK food and drink grew to GBP5.9 billion (USD7.8 bln) in Q3 2017, up 14.7% on 2016, the country’s Food & Drink Federation (FDF) states in its quarterly exports snapshot report. 

Beverages Dried Fruit & Nuts

USDA purchased frozen fruit

The Department of Agriculture (USDA) purchased USD1.37 million worth of frozen fruit for distribution to the child nutrition and other related domestic food assistance programmes for 2018.

Frozen Foods Stocks

Polish provisional vegetable crops estimates released

The overall harvested volume is at the same level of last season at about 4.5 million tonnes, but within the vegetables sector some problems were forecast for late varieties, according to the Pre-harvest estimates for main agricultural and horticultural crop of the Polish Statistical Institute (GUS).

Frozen Foods Production

Brexit to revamp the UK peas market

Brexit offers the opportunity to increase domestic sales of peas, a report recently released by two sector organisations states.

Fresh Peas Production

Orkla acquires Czech frozen vegetables processor

Norwegian food processor Orkla has signed a deal to acquire Agrimex, a leading frozen vegetable producer in the Czech Republic, through its subsidiary Hamé, for an undisclosed sum. 

Operations Frozen Foods

French autumn potato production estimates released

The final figure for the production of potato in France for the 2017 season is set at 6.18 million tonnes which is 21% more than one year ago, the country’s potato organisation UNPT reported.

Fresh Root Vegetables Production
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Grains & Feed Explore this Topic

Set Alert for IEG Vu Commodities :: Grains and Feed

Sharp rise in UK food and drink exports

Exports of all UK food and drink grew to GBP5.9 billion (USD7.8 bln) in Q3 2017, up 14.7% on 2016, the country’s Food & Drink Federation (FDF) states in its quarterly exports snapshot report. 

Beverages Dried Fruit & Nuts

Podcast: UK wheat prices surge in a post-Brexit era

Hiked bread prices are looming for UK consumers following escalating UK wheat prices.

Wheat Brexit

Argentina targets 21.6% soybean production growth by 2027

Soy yield and area increases are projected despite biodiesel demand challenges.

Argentina United States

Corn yields fall 5.7% in Belarus

Belarus has harvested 935,600 tonnes of corn as of November 20, lagging the 973,500 tonnes recorded this time last year, according to analyst UkrAgroConsult.

Corn Production

Slow harvest threatens Russia's sunflower production

Higher wheat yield lifts overall harvest numbers, but sunflowers lag.

Russian Federation Barley

US Futures Review: Wheat settled mixed ahead of US holiday

Kansas City posted gains on Wednesday with Minneapolis and Chicago closing mixed.
Wheat Exports
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Meat & Livestock Explore this Topic

Set Alert for IEG Vu Commodities :: Meat and Livestock

Latest From Meat & Livestock

UK cleared to export pig trotters to China

The UK has been given the green light to ship more pigmeat products to China, the Agriculture and Horticulture Development Board (AHDB) announced today (November 23).

United Kingdom Hogs & Pork

Industry opposes ban of ritual slaughter in Poland

A proposed ban on ritual slaughter in Poland has caused an industry outcry, due to its potentially negative impact on Polish meat trade.

Poultry Cattle & Beef

Polish sausage granted EU protected status

A traditional Polish sausage is the latest agri-food product to be granted protection on the EU’s internal market.

EU Hogs & Pork

FAO stimulating AMR action plans in underdeveloped nations

More nations are joining an international effort to confront antimicrobial resistance (AMR) on farms and in food.

Kenya International

Russia denies keeping Brazil in the dark over meat ban

Russia has refuted suggestions that Brazil was not fully informed of its ban on Brazilian pork and beef, due to come into force on December 1.

Brazil Cattle & Beef

EU plans to allow insect protein in poultry diets

The European Commission is planning to allow insect-origin processed animal protein (PAP) in poultry feed, EU health and food safety commissioner, Vytenis Andrikaitis, revealed at the November 21 conference of the International Platform for Insects in Food and Feed (IPIFF).

EU Poultry
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Oils & Oilseeds Explore this Topic

Set Alert for IEG Vu Commodities :: Oils and Oilseeds

Argentina targets 21.6% soybean production growth by 2027

Soy yield and area increases are projected despite biodiesel demand challenges.

Argentina United States

Slow harvest threatens Russia's sunflower production

Higher wheat yield lifts overall harvest numbers, but sunflowers lag.

Russian Federation Barley

US Futures Review: Soybeans closed higher on weather concerns

Soybeans posted gains Wednesday as concerns over La Nina provided support for prices.
Soy Weather

Overnight Futures Review: Soy complex recovers ground

January soybean futures traded to a 5¼¢ gain while December while soybean meal increased USD1.70 and December soybean futures strengthened 21 basis points.

Futures United States

Australia sees chance of La Niña at 70%

Australia's Bureau of Meteorology (BOM) has issued an alert for a La Niña weather event starting next month, saying the chance of it materialising was triple the normal likelihood.

Weather Australia

Palm oil firm Boustead warns of difficult fourth quarter ahead

Malaysian palm oil producer Boustead Plantations Bhd reported a rise in profit for the third quarter thanks to gains from land sales, but warned of a more difficult outlook for the last quarter of the ear.

Boustead Financial Results
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Spices & Exotics Explore this Topic

Set Alert for IEG Vu Commodities :: Spices and Exotics

Sharp rise in UK food and drink exports

Exports of all UK food and drink grew to GBP5.9 billion (USD7.8 bln) in Q3 2017, up 14.7% on 2016, the country’s Food & Drink Federation (FDF) states in its quarterly exports snapshot report. 

Beverages Dried Fruit & Nuts

Indian cumin seed exports slightly down

India’s cumin seed exports decreased by 2.65% to 63,085 tonnes from April-August 2017, compared with the same period one year ago, according to the Indian ministry of commerce.

Cumin India

Festive flavours from Forest Feast

Forest Feast has announced the launch of its exclusive Christmas collection of nut products.

Cashews Pistachios

Exceptional crop of Iranian saffron

Iran’s saffron harvest will continue until the last week of November and is exceptional in volume and quality, the leading Spanish saffron packer La Barraca has told IEG Vu.

Spices & Exotics Saffron

India's pepper import sees increase in 2017

Indian pepper imports will increase by 12.5% to 18,000 tonnes, International Pepper Board (IPC) stated at its annual meeting in Candy, Sri Lanka (October 30-November 2).

Pepper India

The heat is on in Indian chilli prices

After suffering from plenty of problems in the first half of calendar 2017, when both domestic and export prices kept drifting lower with every passing month, Indian chilli has been experiencing heavy demand and a strong bullish trend in prices on the back of substantially lower production, exacerbated by a month-long strike by traders in Guntur, the country’s chilli hub.

Chilli India
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Sugar Explore this Topic

Set Alert for IEG Vu Commodities :: Sugar

French sugar beet yields continue to rise

Favourable weather conditions continued to raise yields in the current harvest, according to local press reports. 

Beet Sugar France

Futures Review: Sugar contract resume rally

Raw sugar futures in New York resumed their previous rally after two days of consolidation.

Sugar Cane Sugar

Russia sugar beet output reaches 4.5 million tonnes

Russia produced 4,541,050 tonnes of beet sugar in the 2017/18 season as of November 20, up 13.0% from 4,019,600 tonnes produced by the same date last year, according to the Russian Sugar Producers Union (Soyuzrossakhar).

Beet Sugar Russian Federation

Futures Review: Sugar continues retreat in low volume

Raw sugar futures in New York ended with losses as the market continued to retreat from its recent highs.

Sugar Cane Sugar

Australia sees chance of La Niña at 70%

Australia's Bureau of Meteorology (BOM) has issued an alert for a La Niña weather event starting next month, saying the chance of it materialising was triple the normal likelihood.

Weather Australia

Fiji - Cane crush comes to an end on November 19

The Labasa sugar mill crushed 675,700 tonnes of cane by the end of the 2017 crush on November 19, according to local press reports.

Fiji Sugar
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