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Commodities

Beverages Explore this Topic

Set Alert for IEG Vu Commodities :: Beverages

Refresco announces multi-million upgrade of US plant

Refresco US Inc is investing nearly USD12 million at its Fort Gibson, Oklahoma bottling operation to increase production capacity, modernise operations, and improve efficiency.

United States Beverages

UK consumers are waiting to start spending for Christmas

UK shoppers have been delaying their Christmas preparations and are waiting to stock up on festive supplies.

United Kingdom Beverages

US-manufactured apple juice concentrate prices drop slightly

United States Beverages

Slight decline in Brazilian orange harvest estimate

The 2019-20 orange crop forecast update for São Paulo and the west-southwest Minas Gerais citrus belt, published on December 10, 2019 by Fundecitrus is for 385.31 million boxes.

Brazil United States

Recent Chinese start-up launches new drinks in its second year

In 2018, Hankow Er Chang, a new carbonated soft drinks (CSD) brand, appeared on the Chinese market. Now it has launched a new range of beverages.

China Beverages

Ocean Spray expands US Pure Fruit Juice portfolio with a range of unsweetened juices.

The Pure line-up includes tart cherry, white grapefruit and Concord grape flavours, available at all Walmart stores and from Ocean Spray’s website.

United States Beverages
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Canned & Tomato Products Explore this Topic

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

Europe’s anti-dumping duties on Chinese canned mandarins under review

The European Commission recently initiated an expiry review process related to anti-dumping duties on Chinese canned mandarins which, ongoing since 2014, were due to expire this month.

Europe Middle East and Africa

UK consumers are waiting to start spending for Christmas

UK shoppers have been delaying their Christmas preparations and are waiting to stock up on festive supplies.

United Kingdom Beverages

China announces new national standard for organic products

On August 30, China published a revised national standard for organic products. The new standard will take effect on January 1, 2020. On November 12, 2019, China also released revised organic certification rules and an eligible product catalogue; these will also take effect on January 1, 2020.

Asia Pacific China

Italian bank to support tomato growers

UniCredit bank has signed an agreement to support growers working with south Italian processor ICAB, specialising in the production of canned vegetables, mostly tomato products.

Italy Canned Tomatoes

Argentina’s cling peach output to halve

Argentinean cling peach production for industrial purposes this year is expected to halve, with a crop impacted by ongoing unfavourable weather issues in the Mendoza area.  

South America Canned & Tomato Products

Tesco launches food and soy sustainability initiatives

UK supermarket giant Tesco announced its support of a project to end deforestation in Brazil’s Cerrado, and launched a programme with the WWF to measure the sustainability of various foods.

Sustainability Brazil
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Cocoa Explore this Topic

Set Alert for IEG Vu Commodities :: Cocoa

Futures Review: Cocoa prices settle lower for a fourth day

Cocoa prices on Thursday (December 12) finished sharply lower as New York cocoa fell to a 1-month low and London cocoa dropped to a 2¾-month low.

Cocoa Futures

Weekly Review: Cocoa focus on near-term African weather

Unease about lower than average rainfall in the West African cocoa belt and a recent downturn in new crop port arrivals failed to shift the recent ‘consolidation’ sentiment in cocoa futures markets.

Cocoa Price

Futures Review: Cocoa closes lower for a third day in a row

Cocoa prices moved lower for a third consecutive day on Wednesday (December 11) with March London cocoa at a 1¼-month low.

Cocoa Futures

Ivory Coast’s cocoa arrivals return to growth

Cocoa arrivals into Ivory Coast’s ports reversed the previous week’s declines and are back to rising, albeit slightly, above year-ago levels, exporters estimated.

Cocoa Supply

Futures Review: Cocoa settles lower again

Cocoa prices traded lower again on Tuesday (December 10) with March London cocoa at a 5-week low.

Cocoa Price

Nestlé scales up action against child labour and expands cocoa sustainability program

Nestlé has today reported how it has expanded a programme in West Africa which seeks to tackle child labour in the cocoa sector. At the same time, the company says it supports planned EU-wide legislation that would oblige companies to carry out human rights due diligence in their supply chains.

Cocoa Nestle
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Coffee Explore this Topic

Set Alert for IEG Vu Commodities :: Coffee

UK consumers are waiting to start spending for Christmas

UK shoppers have been delaying their Christmas preparations and are waiting to stock up on festive supplies.

United Kingdom Beverages

Weekly Review: Spec buying extends coffee rally

Arabica coffee continued its recent near vertical ascent, by mid-week clocking up a massive 48% gain from its summer lows, near months trading their best since September 2017.

Coffee Price

Indian rains may cut coffee output

India's arabica coffee harvest, which normally starts by the end of November, has been hit by unseasonal rains in Karnataka, the main growing region, according to local press reports.

India Coffee

Brazil's Safras cuts 2019/20 coffee output to 57.05 mln bags

Local consultancy Safras & Mercado revised its estimate for the 2019/20 coffee crop down to 57.05 mln 60-kg bags from 58.9 mln in April, projecting a tight stocks situation in Brazil until the next harvest around May.

Coffee Arabica

Futures Review: Arabica coffee hits two-year high

Arabica coffee prices hit a two-year high on further fund buying and fresh signs of supply tightness.

Futures Coffee

Vietnam coffee exports fall 19%

Vietnamese coffee exports dropped year-n-year in November 2019, customs data showed.

Vietnam Coffee
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Dairy Explore this Topic

Set Alert for IEG Vu Commodities :: Dairy

Dairy Price Update: Global futures stable, minor uplift in European butter

Global futures at a standstill with only marginal upwards movements in European butter.

Europe Butter

Dairy products with milk fat substitutes to be excluded from Russia's technical regulations

The Russian dairy industry has pushed ahead with excluding vegetable-containing products posing as dairy from dairy technical regulations.

Russian Federation Dairy Products

UK consumers are waiting to start spending for Christmas

UK shoppers have been delaying their Christmas preparations and are waiting to stock up on festive supplies.

United Kingdom Beverages

China announces new national standard for organic products

On August 30, China published a revised national standard for organic products. The new standard will take effect on January 1, 2020. On November 12, 2019, China also released revised organic certification rules and an eligible product catalogue; these will also take effect on January 1, 2020.

Asia Pacific China

Dairy Price Update: Eastern European butter rises

While butter in western Europe remained largely unchanged this week, origin countries to the east of the continent have been seeing increases, with most significant in Czechia nearing yet another peak.

Czech Republic Poland

Froneri gains foothold in the US through Nestlé’s ice cream acquisition

Nestlé has announced that it reached an agreement to sell its US ice cream business to market giant Froneri.

United States Nestle
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Dried Fruit & Nuts Explore this Topic

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

UK consumers are waiting to start spending for Christmas

UK shoppers have been delaying their Christmas preparations and are waiting to stock up on festive supplies.

United Kingdom Beverages

China announces new national standard for organic products

On August 30, China published a revised national standard for organic products. The new standard will take effect on January 1, 2020. On November 12, 2019, China also released revised organic certification rules and an eligible product catalogue; these will also take effect on January 1, 2020.

Asia Pacific China

Almond Board of California supports launch of almond beer

The Temblor brewery, located in Bakersfield (Central California) and Lucas Schmidt and Dominique Camou, both participants at Almond Board of California (ABC) Almond Leadership Programme, launched its Almond Brown Ale at the Almond Conference, in Sacramento on December 13.

United States Almonds

Californian almond shipments edging ahead of last year

The fourth position report for the 2019/20 season from the Almond Board of California (ABC) showed that volumes sold overseas this November amounted to 175.2 million pounds compared with 173.4 mln lbs in the same month of 2018.

United States Almonds

UK remains top buyer of Turkish sultanas and raisins

As the year draws to a close, buyers are beginning to look to cover their requirements of dried fruit through until the new crop next August.  
Dried Vine Fruit Figs

Acreage accuracy at the core of California's almond forecast

Accurate calculation of planted and bearing acreage is fundamental to developing a strong almond forecast, according to different institutions and companies at a conference called ‘Almond Production Estimates: nuts and bolts of different models’ and held at the Almond Conference, in Sacramento from December 10-12.

Almonds United States
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Fresh Fruit & Veg Explore this Topic

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

Russia expects mandarin import surge ahead of New Year celebrations

Russia's ministry of agriculture (Minselkhoz) expects an increase in the supply of mandarins to Russia in the pre-holiday period.

Russian Federation Fresh Oranges

UK consumers are waiting to start spending for Christmas

UK shoppers have been delaying their Christmas preparations and are waiting to stock up on festive supplies.

United Kingdom Beverages

China announces new national standard for organic products

On August 30, China published a revised national standard for organic products. The new standard will take effect on January 1, 2020. On November 12, 2019, China also released revised organic certification rules and an eligible product catalogue; these will also take effect on January 1, 2020.

Asia Pacific China

US-manufactured apple juice concentrate prices drop slightly

United States Beverages

Tesco launches food and soy sustainability initiatives

UK supermarket giant Tesco announced its support of a project to end deforestation in Brazil’s Cerrado, and launched a programme with the WWF to measure the sustainability of various foods.

Sustainability Brazil

Slight decline in Brazilian orange harvest estimate

The 2019-20 orange crop forecast update for São Paulo and the west-southwest Minas Gerais citrus belt, published on December 10, 2019 by Fundecitrus is for 385.31 million boxes.

Brazil United States
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Frozen Foods Explore this Topic

Set Alert for IEG Vu Commodities :: Frozen Foods

UK consumers are waiting to start spending for Christmas

UK shoppers have been delaying their Christmas preparations and are waiting to stock up on festive supplies.

United Kingdom Beverages

China announces new national standard for organic products

On August 30, China published a revised national standard for organic products. The new standard will take effect on January 1, 2020. On November 12, 2019, China also released revised organic certification rules and an eligible product catalogue; these will also take effect on January 1, 2020.

Asia Pacific China

Online shopping boosts demand for coldstore and refrigerated facilities

There is rising interest in refrigerated warehouse and coldstore facilities, resulting in an impressive increase in the financial operations linked to this sector.

United States Frozen Asparagus

Froneri gains foothold in the US through Nestlé’s ice cream acquisition

Nestlé has announced that it reached an agreement to sell its US ice cream business to market giant Froneri.

United States Nestle

Tesco launches food and soy sustainability initiatives

UK supermarket giant Tesco announced its support of a project to end deforestation in Brazil’s Cerrado, and launched a programme with the WWF to measure the sustainability of various foods.

Sustainability Brazil

Ukrainian frozen vegetable exports surge despite unfavourable exchange rate

Exports of frozen vegetables from Ukraine have risen in the current season, even despite a generally hostile market and a lack of raw material.

Ukraine Frozen Cauliflower
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Grains & Feed Explore this Topic

Set Alert for IEG Vu Commodities :: Grains and Feed

US Futures Review: Wheat steady to higher after US-China trade news

Wheat futures were steady to higher on broader positive sentiment from the US-China trade agreement.

Wheat Futures

US Futures Review: Soybeans higher following US-China trade deal announcement

Soybean futures settled higher Friday after US and Chinese trade negotiators both announced a partial US-China trade deal had been reached, including increased Chinese purchases of US agricultural goods. Soybean meal futures and soybean oil futures also settled higher. January soybean futures were 9 1/4 cents higher at USD9.07 1/2.

Soy Futures

US Futures Review: Corn ends with gains after US-China developments

Corn futures posted gains across the board as markets digested US-China trade news.

Corn Futures

Weekly Review: Mexico brightens USDA’s damp squib for corn

Apart from higher Chinese crop and stock estimates and a modest re-shuffling of some, mainly second-division export market shares, the latest USDA/WASDE balance sheets held little to interest markets this week.

Corn Futures

Weekly Review: Wheat market ponders next move

Amid record world stocks and still vibrant export competition, the wheat market has done well to maintain prices in the upper half of the past four year range (around USUSD4-USD6 per bushel ).

Wheat Futures

US Futures Review: Soybeans higher on reports of progress toward partial US-China trade deal

Soybean futures settled higher Thursday as reports of an offer by US trade negotiators to postpone higher tariffs on Chinese goods, set to take effect on December 15, lifted the market. Soybean meal futures ended lower, while soybean oil futures settled sharply higher. January soybean futures were 4 3/4 cents higher at USD8.98 1/4.

Soy Futures
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Meat & Livestock Explore this Topic

Set Alert for IEG Vu Commodities :: Meat and Livestock

Latest From Meat & Livestock

Brazil still considering WTO challenge to EU curbs on poultry

Brazil’s animal protein association, the ABPA, says it still wants the Brazilian government to challenge EU poultry import curbs at the World Trade Organization (WTO).

Brazil Poultry

UK consumers are waiting to start spending for Christmas

UK shoppers have been delaying their Christmas preparations and are waiting to stock up on festive supplies.

United Kingdom Beverages

China announces new national standard for organic products

On August 30, China published a revised national standard for organic products. The new standard will take effect on January 1, 2020. On November 12, 2019, China also released revised organic certification rules and an eligible product catalogue; these will also take effect on January 1, 2020.

Asia Pacific China

Brazilian pork and poultry growth to accelerate in 2020

After a year of expansion, Brazil’s pork and poultry exports are expected to rise even more rapidly in 2020 as the industry ramp ups production to meet demand.

Brazil Hogs & Pork

EU lamb prices surge to five-year December high as supplies fall

EU lamb prices have climbed to their highest December price value since 2014, as demand continues to track ahead of supply.

EU Sheep & Goats

African Swine Fever confirmed in Indonesia

Indonesia has finally confirmed an outbreak of African Swine Fever, more than a month after it first emerged that animals may have died of the disease in North Sumatra.

Indonesia Hogs & Pork
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Oils & Oilseeds Explore this Topic

Set Alert for IEG Vu Commodities :: Oils and Oilseeds

US Futures Review: Soybeans higher following US-China trade deal announcement

Soybean futures settled higher Friday after US and Chinese trade negotiators both announced a partial US-China trade deal had been reached, including increased Chinese purchases of US agricultural goods. Soybean meal futures and soybean oil futures also settled higher. January soybean futures were 9 1/4 cents higher at USD9.07 1/2.

Soy Futures

Dairy products with milk fat substitutes to be excluded from Russia's technical regulations

The Russian dairy industry has pushed ahead with excluding vegetable-containing products posing as dairy from dairy technical regulations.

Russian Federation Dairy Products

Weekly Review: Rapeseed shrugs off lower Canadian crop

Winnipeg rapeseed traders seemed unfazed by their government coming out with a lower than expected national crop number of 18.65 million tonnes compared with trade guesses reportedly averaging over 21 mln.

Rapeseed Futures

Weekly Review: Palm price touches more old highs

The price of palm oil has continued to rise at its fastest pace for several years, Malay Bursa futures reaching new 2½ year highs and crossing the magic USD700/tonne equivalent at one stage this week.

Palm Oil Futures

Weekly Review: China diverts soy’s gaze from ho-hum WASDE

With nothing fresh in the latest monthly USDA/WASDE report, especially for the key US crop estimate, a skittish soy trade has continued to pivot mainly on more ‘stop-go’ signals over prospects for exports to top buyer China.

Soy Futures

US Futures Review: Soybeans higher on reports of progress toward partial US-China trade deal

Soybean futures settled higher Thursday as reports of an offer by US trade negotiators to postpone higher tariffs on Chinese goods, set to take effect on December 15, lifted the market. Soybean meal futures ended lower, while soybean oil futures settled sharply higher. January soybean futures were 4 3/4 cents higher at USD8.98 1/4.

Soy Futures
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Spices & Exotics Explore this Topic

Set Alert for IEG Vu Commodities :: Spices and Exotics

UK consumers are waiting to start spending for Christmas

UK shoppers have been delaying their Christmas preparations and are waiting to stock up on festive supplies.

United Kingdom Beverages

Indian guar gum prices start falling again

The Indian guar gum fob spot price fell to INR7,293.2 (USD103.2) per quintal on December 12, 10.5% less than on November 14.

India Spices & Exotics

Guatemalan cardamom prices face renewed upward pressure

Buyers' hopes for some respite from high prices in Guatemalan cardamom have been thwarted again as the latest crop (2019/20) was delayed by adverse weather.

Cardamom India

Tesco launches food and soy sustainability initiatives

UK supermarket giant Tesco announced its support of a project to end deforestation in Brazil’s Cerrado, and launched a programme with the WWF to measure the sustainability of various foods.

Sustainability Brazil

UK food industry needs to automate and export more

The UK’s Food and Drink Federation (FDF), has published a report on the outlook for the food industry for 2020, which says the industry needs to increase automation and tackle labour shortages. It also names several key markets for growing exports.

Europe United Kingdom

IEG Vu Prices Briefing: Declines for butterfat and cumin, EU pig uptrend continues

Butterfat prices weakened further at last week’s GDT, while Germany led the continued surge of European pig prices. Indian cumin spot prices also fell this week as export competition kept a lid on wheat futures on the CBOT.

Coffee Dairy
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Sugar Explore this Topic

Set Alert for IEG Vu Commodities :: Sugar

UK consumers are waiting to start spending for Christmas

UK shoppers have been delaying their Christmas preparations and are waiting to stock up on festive supplies.

United Kingdom Beverages

Weekly Review: How far can sugar prices rise?

Sugar has stayed in the van of soft futures markets surprising bearish pessimists, this week trading its best prices in over a year.

Sugar Cane Sugar

Australian sugar cane crush close to completion

Australia’s sugar crush is close to completion, Australia Sugar Milling Council (ASMC) data showed.

Australia Sugar

Russia sugar output crosses 6 mln tonnes

The Russian sugar output passed the 6.0 mln tonnes threshold on December 11, its sugar producers association Soyuzrossakhar said in a preliminary report.

Russian Federation Sugar

Sugar cane crush in Reunion to end with recovery to 1.7 mln tonnes

The 2019 cane crush is coming to an end with final processing expected to reach about 1.7 mln tonnes, up from only 1.45 mln in 2018, according to local press reports.

Réunion Sugar

Huge Russian sugar crop leads to test deliveries by sea to Greece, Turkey

Given that Russia is grappling with massive oversupply due to another bumper crop in 2019/20, the country carried out its first test deliveries of sugar in containers by sea to Greece and Turkey in November, Reuters reported.

Sugar Beet Sugar
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