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Commodities

Beverages Explore this Topic

Set Alert for IEG Vu Commodities :: Beverages

Late season frost strikes South American citrus

Unusually low temperatures have been experienced in parts of Chile and Argentina. Frost has damaged some of Chile’s citrus, whereas sources in Argentina say that the lemons in Tucuman province are unaffected (and, in any case, the harvest is all but finished).

Fresh Fruit & Vegetables South America

Agrana commissions fruit preparations line for Middle East

Agrana Nile Fruits of Egypt has inaugurated a new production line for tailor-made beverage compounds, for markets in the Middle East and North Africa, in a joint project with its subsidiary Austria Juice.

Middle East and Africa Egypt

Impressive fall in European AJC prices into the US

US trade policy is affecting the juice market, especially in China as no offers are being made due to the proposed duties of 25%.

United States Beverages

Why the present processing apple price should be held

Polish farmers are unhappy with the low prices being offered for apples for juice processing, but processors need to ensure that there is at least some small profit in selling apples for juicing.

Beverages Apple Juice

Increase in European pear production this season

The total European pear crop in 2018 is estimated at 2.327 million tonnes, a 4% increase compared with last year, and a 3% increase compared with the average of the last three years. Coincidentally, it is identical to the 2013 harvest size.

Fresh Fruit & Vegetables Europe

Ukrainian apple juice maker to build third Polish factory

TB Fruit plans to start construction of the EUR40 million (USD45.6 mln) plant in the Mazowieckie district in 2019-20.

Beverages Poland
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Canned & Tomato Products Explore this Topic

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

Half Year Outlook 2018: Thai canned pineapple on the edge of a cycle

Thai canned pineapple prices sank to record lows in the first half of 2018. However, the industry is hoping for a recovery in the second half as soon as the market finds a balance between supply, demand and price.

Thailand Canned & Tomato Products

Russian food embargo revives domestic production

The Russian ban on agricultural products from western countries as well as president Putin’s propagated self-sufficiency aim, which had been put into force in August 2014, seems to have stimulated important branches of Russian agroindustry.

Fresh Fruit & Vegetables Fresh Tomatoes

Half Year Outlook 2018: Skipjack tuna price to six months of low levels

Skipjack raw material supply exceeds the actual demand from canneries and coldstores in the Bangkok area are building up stocks while their value is depreciating.

Asia Pacific Thailand

Agrofusion starts tomato processing season

Ukraine's largest tomato paste producer has announced the start of the processing season, which is estimated to last until the end of September.

Ukraine Tomato Paste

IEG Vu Prices Briefing: Sugar and vanilla markets cooler, milk powder values converge

Prices for Madagascan vanilla and Bolivian Brazil nuts eased back while sugar futures also lost ground last week. Firmer than expected wheat and soybean prices offered some support to corn futures. Meanwhile European prices of skimmed milk powder (SMP) and lamb are edging closer to values in New Zealand.

International Sugar

Skipjack raw material price increase unsettles tuna industry

Although skipjack raw material oversupply in Bangkok’s market led prices to a record-low level a week ago, latest rumours suggest increases of between 100 and 200 dollars per tonne. Industry sources say supply still exceeds demand.

Thailand Canned & Tomato Products
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Cocoa Explore this Topic

Set Alert for IEG Vu Commodities :: Cocoa

Ivory Coast cocoa arrivals slip further

Top global cocoa producer Ivory Coast continues to see a decline in its weekly cocoa arrivals as the season begins to draw to an end.

Cocoa Côte d'Ivoire

Coffee and peanuts impact on Olam’s results

Singapore-based commodities trader Olam International reported a 13.6% fall in H1 2018 profit after tax and minority interest (PATMI) compared with the same period in the previous year. This was despite revenues increasing by 11.4% to SGD13.72 billion (USD9.88 bln) and handled volume by 52.2% to 13.6 mln tonnes, due to a worse performance from the coffee, peanuts and edible oils sides of the business.

 

Singapore Olam

Futures Review: Cocoa values vary

Cocoa futures were higher in New York, but lower in London.

Cocoa Futures

Futures Review: Cocoa ended mixed on Friday

Cocoa futures closed mixed on Friday (August 10) but were a little higher for the week.
Cocoa Futures

IEG Vu Prices Briefing: Sugar and vanilla markets cooler, milk powder values converge

Prices for Madagascan vanilla and Bolivian Brazil nuts eased back while sugar futures also lost ground last week. Firmer than expected wheat and soybean prices offered some support to corn futures. Meanwhile European prices of skimmed milk powder (SMP) and lamb are edging closer to values in New Zealand.

International Sugar

Futures Review: Slow price momentum for cocoa continues

Futures were a little lower again in mostly consolidation trade for both New York and London.

Cocoa Futures
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Coffee Explore this Topic

Set Alert for IEG Vu Commodities :: Coffee

Coffee and peanuts impact on Olam’s results

Singapore-based commodities trader Olam International reported a 13.6% fall in H1 2018 profit after tax and minority interest (PATMI) compared with the same period in the previous year. This was despite revenues increasing by 11.4% to SGD13.72 billion (USD9.88 bln) and handled volume by 52.2% to 13.6 mln tonnes, due to a worse performance from the coffee, peanuts and edible oils sides of the business.

 

Singapore Olam

Futures Review: Arabica coffee declines

Arabica coffee futures settled lower under pressure from a weakening Brazilian real amid a broad-based decline in commodity markets as investors sought safe havens due to the Turkish lira's crash.

Coffee Futures

Peruvian coffee export value sees 22% yearly decline

Coffee exports from Peru took a 22% year-on-year dip during the first half of 2018.

Peru Coffee

Climate change could spell disaster for African coffee

The increasingly unpredictable weather patterns caused by climate change pose a serious threat to coffee production in Africa, Xinhua cited experts as saying.

Coffee Production

Futures Review: Weaker real prompts decline in arabica

Arabica coffee future prices dropped, pressured by the sharply lower currency in Brazil.

 

Coffee Futures

IEG Vu Prices Briefing: Sugar and vanilla markets cooler, milk powder values converge

Prices for Madagascan vanilla and Bolivian Brazil nuts eased back while sugar futures also lost ground last week. Firmer than expected wheat and soybean prices offered some support to corn futures. Meanwhile European prices of skimmed milk powder (SMP) and lamb are edging closer to values in New Zealand.

International Sugar
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Dairy Explore this Topic

Set Alert for IEG Vu Commodities :: Dairy

Saputo's financial results lifted by dairy acquisitions

Saputo Inc reports “challenging” first quarter ended June 30 results, with lower EBITDA and adjusted net earnings offset by surging revenue led by international acquisitions.

Saputo Cheese

Agrana commissions fruit preparations line for Middle East

Agrana Nile Fruits of Egypt has inaugurated a new production line for tailor-made beverage compounds, for markets in the Middle East and North Africa, in a joint project with its subsidiary Austria Juice.

Middle East and Africa Egypt

Dairy Price Update: Strong demand lifts Uruguayan commodity prices

Uruguay's dairy industry is riding a bullish wave thanks to favourable pricing of its key export commodities and firm production volumes that are allowing the country to increase sales and export revenue.

Uruguay WMP

Dairy Price Update: US dairy prices up as uncertainty looms over markets

The US saw an almost across the board rise in dairy quotations last week, as the global markets are still laced with uncertainty.
United States Butter

Colombian milk powder auctions dent stockpile

Colombian authorities have lent a helping hand to reducing domestic milk powder inventories by holding 13 public auctions that helped to move almost 3,500 tonnes of the product for a combined COP30.9 billion (USD10.7 million) in the past few months.

Colombia SMP

IEG Vu Prices Briefing: Sugar and vanilla markets cooler, milk powder values converge

Prices for Madagascan vanilla and Bolivian Brazil nuts eased back while sugar futures also lost ground last week. Firmer than expected wheat and soybean prices offered some support to corn futures. Meanwhile European prices of skimmed milk powder (SMP) and lamb are edging closer to values in New Zealand.

International Sugar
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Dried Fruit & Nuts Explore this Topic

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

Coffee and peanuts impact on Olam’s results

Singapore-based commodities trader Olam International reported a 13.6% fall in H1 2018 profit after tax and minority interest (PATMI) compared with the same period in the previous year. This was despite revenues increasing by 11.4% to SGD13.72 billion (USD9.88 bln) and handled volume by 52.2% to 13.6 mln tonnes, due to a worse performance from the coffee, peanuts and edible oils sides of the business.

 

Singapore Olam

Currency uncertainty stifles Turkish hazelnut market

The Turkish lira hit a low of TRY7.2 to the US dollar on Monday morning before rebounding to TRY6.82/USD1.00 later in the afternoon of the same day. These currency fluctuations put the brakes on Turkish hazelnut offers.

Hazelnuts Turkey

Russia to double exports of wild berries and mushrooms

Russia's ministry of agriculture has announced it will ease the barriers to harvesting wild nuts, mushrooms, berries and herbs this autumn with the aim of significantly increasing exports.

Russian Federation Frozen Blueberries

Fall in Indian cashew prices will favour exports

India’s local cashew prices have fallen on average to USD3.4 per pound, down from an average of USD5.0-5.2/lb and scarcely 30 cents less than the average export price in July, after a record-high production of 817,000 tonnes and exports of 84,475 tonnes worth USD303.4 million in the 2017/18 season (from April to March).

Cashews India

US expects decline in peanut output

The USDA has forecast 2018 US peanut production at 6.09 billion pounds (3.04 million short tons), down 16% from 2017.

Peanuts United States

Tight supply of dried apples

At this time of year, the first new crop offers on dehydrated apple from China should be emerging but an empty marketplace, both in China and in the buying markets, made shippers cautious about opening the new season offers.

Dehydrated Apple Dried Apple
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Fresh Fruit & Veg Explore this Topic

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

Drought causes tensions in the Dutch potato industry

Potato growers and processing enterprises have started talks to determine who should pay for the drought-led harvest losses this year.

Netherlands Fresh Root Vegetables

Russian food embargo revives domestic production

The Russian ban on agricultural products from western countries as well as president Putin’s propagated self-sufficiency aim, which had been put into force in August 2014, seems to have stimulated important branches of Russian agroindustry.

Fresh Fruit & Vegetables Fresh Tomatoes

Russia to double exports of wild berries and mushrooms

Russia's ministry of agriculture has announced it will ease the barriers to harvesting wild nuts, mushrooms, berries and herbs this autumn with the aim of significantly increasing exports.

Russian Federation Frozen Blueberries

Late season frost strikes South American citrus

Unusually low temperatures have been experienced in parts of Chile and Argentina. Frost has damaged some of Chile’s citrus, whereas sources in Argentina say that the lemons in Tucuman province are unaffected (and, in any case, the harvest is all but finished).

Fresh Fruit & Vegetables South America

Peru to expand organic blueberry production

In 2017, Peru exported USD380 million worth of organic products. According to local experts, there is a lot of potential for producing more organic blueberry and avocado.

Peru Fresh Fruit & Vegetables

Why the present processing apple price should be held

Polish farmers are unhappy with the low prices being offered for apples for juice processing, but processors need to ensure that there is at least some small profit in selling apples for juicing.

Beverages Apple Juice
See All

Frozen Foods Explore this Topic

Set Alert for IEG Vu Commodities :: Frozen Foods

Drought causes tensions in the Dutch potato industry

Potato growers and processing enterprises have started talks to determine who should pay for the drought-led harvest losses this year.

Netherlands Fresh Root Vegetables

Russia to double exports of wild berries and mushrooms

Russia's ministry of agriculture has announced it will ease the barriers to harvesting wild nuts, mushrooms, berries and herbs this autumn with the aim of significantly increasing exports.

Russian Federation Frozen Blueberries

Peru to expand organic blueberry production

In 2017, Peru exported USD380 million worth of organic products. According to local experts, there is a lot of potential for producing more organic blueberry and avocado.

Peru Fresh Fruit & Vegetables

IEG Vu Prices Briefing: Sugar and vanilla markets cooler, milk powder values converge

Prices for Madagascan vanilla and Bolivian Brazil nuts eased back while sugar futures also lost ground last week. Firmer than expected wheat and soybean prices offered some support to corn futures. Meanwhile European prices of skimmed milk powder (SMP) and lamb are edging closer to values in New Zealand.

International Sugar

Serbian raspberry harvest on the finish line

As the season is coming to the end, Serbian growers reflect on a "hectic year" for raspberry.

Fresh Berries Serbia

Dry weather threatens UK potato crop

According to the UK's Agriculture and Horticulture Development Board (AHDB), estimated total potato plantings this year are the third-lowest on record. Additionally, producers fear drought impact will downgrade the estimate further.

United Kingdom Frozen Potatoes
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Grains & Feed Explore this Topic

Set Alert for IEG Vu Commodities :: Grains and Feed

US Futures Review: Lower crop ratings, Argentine export tax changes support soymeal

Soymeal strength supported soybean futures again Tuesday while soyoil contracts ended lower. November soybean futures gained 11¢ at USD8.79 3/4.

Soy Soymeal

US Futures Review: Corn futures post moderate gains on technical rebound

Corn futures closed higher Tuesday, with December up 6¢ at USD3.76 1/2.

Corn Production

Southern Europe may save EU corn production

Favourable prospects for corn in southern Europe are expected to offset the damage caused by hot and dry weather further north. But reduced cereal harvests will still leave the region reliant on record imports of corn to feed its livestock, analysts have outlined.

Grains & Feed Corn

Drought cuts EU wheat output, reducing export surplus

The lack of rainfall and heatwaves that have scorched fields in northern Europe are set to reduce the EU’s wheat harvest and lead the bloc to consume more of its own grains usually destined for exports, analysts have outlined.

Wheat EU

USDA Crop Progress: Corn, soy ratings edge down while spring wheat harvest gains

US corn and soybean crops did see the condition ratings decline slightly over the past week while the ratings for spring wheat improved as harvest continues to move ahead.

Corn Wheat

US Futures Review: Corn futures ended lower on continued pressure from USDA data

Corn futures finished lower Monday, December corn down 1 1/4¢ at USD3.56 1/2.

Corn Production
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Meat & Livestock Explore this Topic

Set Alert for IEG Vu Commodities :: Meat and Livestock

Latest From Meat & Livestock

Meat processors weigh in with new warnings over 'no deal' Brexit

Meat processors in Northern Ireland have joined with beef and sheep farmers to warn that 'No Deal' would be a disastrous outcome from the ongoing Brexit negotiations.

United Kingdom EU

Brexit warning over Brazilian poultry even as EU seizures fall

Recent rejections of tainted Brazilian poultry are likely to hamper the country’s efforts to normalise trade with the EU, while also showing the need to maintain strict UK controls after Brexit, a food recall expert has warned.

Brazil Poultry

Brazilian pork and poultry update: Price recovery gains momentum

Wholesale prices for chicken meat have risen in Brazil over the past few days - with gains registered in all three of the country’s top poultry producing regions.

Brazil Hogs & Pork

Rising costs add to woes for Brazilian pig and poultry sectors

Having survived June's truck drivers' strike, Brazilian hog and poultry farmers now face rising production costs, especially feed - driven by rocketing corn prices.

Brazil Hogs & Pork

Major shake-up for UK poultry processor

UK food business 2 Sisters is to merge its UK Poultry and Added Value divisions as part of a major revamp unveiled by new chief executive, Ronald Kers.

United Kingdom 2 Sisters Food Group

IEG Vu Prices Briefing: Sugar and vanilla markets cooler, milk powder values converge

Prices for Madagascan vanilla and Bolivian Brazil nuts eased back while sugar futures also lost ground last week. Firmer than expected wheat and soybean prices offered some support to corn futures. Meanwhile European prices of skimmed milk powder (SMP) and lamb are edging closer to values in New Zealand.

International Sugar
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Oils & Oilseeds Explore this Topic

Set Alert for IEG Vu Commodities :: Oils and Oilseeds

US Futures Review: Lower crop ratings, Argentine export tax changes support soymeal

Soymeal strength supported soybean futures again Tuesday while soyoil contracts ended lower. November soybean futures gained 11¢ at USD8.79 3/4.

Soy Soymeal

Coffee and peanuts impact on Olam’s results

Singapore-based commodities trader Olam International reported a 13.6% fall in H1 2018 profit after tax and minority interest (PATMI) compared with the same period in the previous year. This was despite revenues increasing by 11.4% to SGD13.72 billion (USD9.88 bln) and handled volume by 52.2% to 13.6 mln tonnes, due to a worse performance from the coffee, peanuts and edible oils sides of the business.

 

Singapore Olam

Indian palm oil imports pick up in July

Indian palm oil imports reached their highest level since April, thanks to attractive prices vis-a-vis rival soft oils.

Oils & Oilseeds Palm Oil

Rapeseed oil prices firm on tight supplies

Rapeseed oil prices in Hamburg have firmed over recent weeks, thanks to a revival in demand from the biodiesel industry.

Oils & Oilseeds Rapeseed Oil

USDA Crop Progress: Corn, soy ratings edge down while spring wheat harvest gains

US corn and soybean crops did see the condition ratings decline slightly over the past week while the ratings for spring wheat improved as harvest continues to move ahead.

Corn Wheat

US Futures Review: Soybeans open week higher, led by soymeal strength

Soybean complex futures took back of a portion of Friday’s losses, led by gains in soymeal. November soybean futures gained 7¢ at USD8.68 3/4.

Soy Exports
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Spices & Exotics Explore this Topic

Set Alert for IEG Vu Commodities :: Spices and Exotics

Coffee and peanuts impact on Olam’s results

Singapore-based commodities trader Olam International reported a 13.6% fall in H1 2018 profit after tax and minority interest (PATMI) compared with the same period in the previous year. This was despite revenues increasing by 11.4% to SGD13.72 billion (USD9.88 bln) and handled volume by 52.2% to 13.6 mln tonnes, due to a worse performance from the coffee, peanuts and edible oils sides of the business.

 

Singapore Olam

IEG Vu Prices Briefing: Sugar and vanilla markets cooler, milk powder values converge

Prices for Madagascan vanilla and Bolivian Brazil nuts eased back while sugar futures also lost ground last week. Firmer than expected wheat and soybean prices offered some support to corn futures. Meanwhile European prices of skimmed milk powder (SMP) and lamb are edging closer to values in New Zealand.

International Sugar

Notable increase in Spanish honey price

The Spanish average honey prices ended the 2017/18 season (from April 2017-March 2018) with general increases. Bulk product prices rose by 14.47% to EUR3.30 per kilo (USD3.82/kg) for multi-flower variety and EUR4.71/kg for Honeydew in March 2018 compared with April 2017. 

Honey Spain

IEG Vu: Upgraded Price Graphing and Trade Intelligence dashboards now live!

An upgraded Price Graphing Tool featuring new currency exchange and commodity lines, the addition of country blocs to the Trade Intelligence dashboard, and a revamped Webinars & Podcasts section are just a few of the updates to your IEG Vu service in August.

Beverages Canned & Tomato Products

New harvests and slack demand depress Vietnamese pepper prices

The Vietnamese pepper prices have deepened their fall after being stable in the first fortnight of July, due to new harvests in Indonesia and Malaysia from July-August and slack demand in Europe and the US in August.

Pepper Vietnam

Half Year Outlook 2018: Renewed hopes for a smooth ride in vanilla market

After a very volatile market in 2017, international vanilla buyers are keenly looking for a more balanced scenario over the remainder of this year.

Vanilla Madagascar
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Sugar Explore this Topic

Set Alert for IEG Vu Commodities :: Sugar

Russian sugar beet campaign sees slow start

The Russian Sugar Producers Union reported there were 10 out of 75 sugar mills operational in Russia as of August 13.

Russian Federation Beet Sugar

Futures Review: Raw sugar falls to fresh 3-year low

Raw sugar futures in New York fell to a fresh three-year low with pressure stemming from a weakening Brazilian real and broad-based commodity weakness.

Sugar Futures

Australia sugar cane harvest down y-o-y

Sugar mills crushed 1.563 million tonnes of cane in the week to August 5, down from 1.608 mln last week and also below the 1.568 mln in the same week in 2017, Australian Sugar Milling Council (ASMC) data show.

Sugar Cane Sugar

Wilmar reports strong profit growth in Q2

Asian agribusiness giant Wilmar International reported an almost ten-fold increase in core net profit to USS352 million for the second quarter ended June 30, 2018, up from USD36 mln last year. Net profit increased five-fold to USD316 mln.

Wilmar International Oils & Oilseeds

USDA sees higher sugar stocks-to-use ratio

The USDA upped its outlook for sugar supplies in 2018/19 amid higher production of both beet and cane.

 

Sugar United States

IEG Vu Prices Briefing: Sugar and vanilla markets cooler, milk powder values converge

Prices for Madagascan vanilla and Bolivian Brazil nuts eased back while sugar futures also lost ground last week. Firmer than expected wheat and soybean prices offered some support to corn futures. Meanwhile European prices of skimmed milk powder (SMP) and lamb are edging closer to values in New Zealand.

International Sugar
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