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Commodities

Beverages Explore this Topic

Set Alert for IEG Vu Commodities :: Beverages

Chinese AJC exports exceed half a million tonnes

China exported 65,290 tonnes of AJC in March this year, its highest figure for 11 years: in March 2007, a boom year, China exported over 103,000 tonnes. This brings the seasonal total (starting in August) to 500,680 tonnes.

Beverages Apple Juice

Apple juice futures contract dies an early death

The Minneapolis Grain Exchange (MGEX) has delisted its Apple Juice Concentrate Futures and options contract, with immediate effect, saying: “There is no open interest in these products”.

Beverages Apple Juice

UK organic industry worried about Brexit consequences for re-exporters

UK organic re-exporters will face a hard situation due to Brexit after losing the EU regulation umbrella with their main markets, the manager of the UK organic wholegrain packer Nick Saltmarsh, said at a panel at the Natural & Organics Products Europe in London on April 23.

United Kingdom Brexit

Argentine citrus processor opens essential oil plant

The Argentine grocery company Ledesma has opened a new fruit essential oil factory in the North Eastern region of Jujuy, one of the main national lemon and orange growing areas.

Citrus Oils Essential Oils

Brazilian Q1 NFC orange juice exports hit new high

Brazil exported nearly 400,000 tonnes of NFC orange juice in January-March this year, the highest total for at least seven years and quite possibly its highest Q1 export figure yet. In the first quarter of 2016, Brazil managed to export some 385,000 tonnes.

NFC Juices Beverages

Japanese companies unite to sell vegetable juices

Nissin Foods and Kagome have formed a joint venture to market vegetable juices in Hong Kong and Macau.

Hong Kong Japan
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Canned & Tomato Products Explore this Topic

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

Spanish fruit canner to explore the fresh market

The Spanish traditional fruit and vegetable canner Cofrusa expects to launch a ready-to-eat range of fresh fruit products for the European market, IEG Vu was told this week.

Organics Spain

Organic packer launches new canned chopped tomatoes in UK

The UK organic vegetable packer Mr Organic has just launched a new line of four-pack 400 gram canned chopped tomatoes, which will sell through the retailer Ocado
Canned Tomatoes United Kingdom

Consumers targeted in European canning tuna fraud

The EU, as part of an operation called OPSON VII conducted with the support of the EU Food Fraud Network, has successfully shut down a fraud scheme which was passing off tuna destined for canning as fresh.

Canned Tuna Europe

UK organic industry worried about Brexit consequences for re-exporters

UK organic re-exporters will face a hard situation due to Brexit after losing the EU regulation umbrella with their main markets, the manager of the UK organic wholegrain packer Nick Saltmarsh, said at a panel at the Natural & Organics Products Europe in London on April 23.

United Kingdom Brexit

Skipjack price in Manta follows Bangkok's rise

The price for skipjack tuna raw material landings in Manta's market is "definitely in uptrend", industry sources contacted yesterday concurred.

Ecuador Canned Tuna

Growing importance of UK processed potato sector

Demand for frozen potatoes remains high in the UK, a net importer of this commodity, while trading figures for crisps and canned potato show encouraging signs of increasing exports.

Frozen Potatoes United Kingdom
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Cocoa Explore this Topic

Set Alert for IEG Vu Commodities :: Cocoa

WCC2018: “We are facing a cocoa crisis”

As the World Cocoa Conference (WCC) in Berlin comes to a close, executive director of the International Cocoa Organization (ICCO) Dr Jean-Marc Anga, spoke to IEG Vu on the side-lines, to reflect on the event and what lies in store for the cocoa sector looking ahead.

Cocoa Côte d'Ivoire

Futures Review: Cocoa surges in New York

Cocoa futures in New York rallied by 4% on Tuesday’s (April 24) close, while London values also increased.

Cocoa Futures

WCC2018: "Without the farmers and their families, there is no cocoa"

The sustainability of the cocoa sector and more crucially, the cocoa farmer, continues to be crucial, with the industry failing to react accordingly to prior warnings. Frank Mars, of Mars Incorporated, gave a rousing speech at this year's World Cocoa Conference in Berlin, outlining what needs to be done before the sector disappears. 

Cocoa Mars

WCC2018: "Deforestation is the No.1 issue in cocoa"

Deforestation has been labelled as the key problem in the cocoa sector with its effects being detrimental to both the global and local climates.

Cocoa Sustainability

Futures Review: Cocoa activity remains static

Futures in London and New York started the week sluggishly with a lack of fresh fundamental news following last week's cocoa grinding data results.

Cocoa Futures

WCC2018: Global cocoa sector’s sustainability lacks progress

The recurrent word used at this year's World Cocoa Conference (WCC) is "sustainability", albeit with more of a focus on producer price plight than actual trees.

Cocoa Sustainability
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Coffee Explore this Topic

Set Alert for IEG Vu Commodities :: Coffee

UK coffee chain Costa Coffee to be spun off

Whitbread, the owner of the UK’s largest coffee chain Costa Coffee, has announced it will spin off the business “as fast as practical and appropriate”.

Costa Coffee Operations

Futures Review: Arabica futures rise on short-covering

The July arabica coffee contract settled up 1.50¢ at 120.45¢/lb, in dealings between 118.50 and 120.80¢.
Futures Coffee

Futures Review: Arabica prices rebound on short-covering

Arabica futures are consolidating above the two-year low reached at the beginning of last week.

Futures Coffee

Nestlé confirms full-year guidance

Swiss food and beverages giant Nestlé confirmed its full-year guidance after sales and volume growth accelerated in the first quarter of 2018.

Nestle Financial Results

IEG Vu Weekly Price Briefing: Positive signs for SMP, mixed week for cocoa and wheat, artichoke prices plummet

EU markets witnessed a breakthrough in sales of skimmed milk powder (SMP) last week, but it was a mixed few days for US wheat and cocoa futures. Spanish artichoke prices are tumbling in the face of oversupply while prices for Polish frozen blackcurrants have eased back from recent highs. Meanwhile, hopes of a recovery in Brazilian poultry prices suffered a fresh setback as the EU confirmed new import curbs.

Beverages Canned & Tomato Products

Olam buys stake in Spanish coffee and nuts firm

Singapore-based commodities firm Olam International has bought a 29% stake in Guzman Coffee & Nuts (GC&N).

Deals Olam
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Dairy Explore this Topic

Set Alert for IEG Vu Commodities :: Dairy

Russia to increase infant formula production

With a rise in global demand for infant milk formula, Russia has become the latest country to invest in domestic production, and reduce import dependency.

Russian Federation IMF

Dairy Price Update: Butter up in Europe, and also SMP

Europe’s dairy sector looks like facing something of a re-run of 2017 this year, as butter prices begin to ramp up again.

 

Butter SMP

Organic dairy is booming, producers say

Organic produce is in high demand, but as well as it is in the traditional dairy, innovation drives demand too, IEG Vu found out at the Natural & Organic Products Europe this week.

Dairy Products Demand

Brazil's cheesemakers prepare for greater demand

Brazilian cheesemakers are stepping up production to meet a projected 2.5% rise in domestic consumption this year thanks to what is claimed to be a rise in disposable incomes.

 

Cheese Brazil

Danone's first quarter sales boosted by infant milk formula

Continuing strong demand from China's "baby boomers" helped boost Danone sales in the first quarter of 2018.

Danone China

Dairy Price Update: Brazil market firms on lower milk supplies

Lower milk supplies from Brazilian farms has resulted in keener prices on the Brazilian dairy commodities market – but not higher imports.

 

Cheese WMP
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Dried Fruit & Nuts Explore this Topic

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

Peanut industry delegates given key tips on how to make best use of social media

Social media is an important tool for any industry looking to optimise its exposure, and advice on how to maximise its potential was presented to delegates at the International Peanut Forum in Athens earlier this month.

Peanuts Markets

Global peanut supply and demand looks to be in a strong position

This was evident from a panel discussion during the International Peanut Forum in Athens earlier this month.

Peanuts Europe

Cashew kernel prices enjoy steady period

The cashew kernel buyers have been quiet in the second half of April, having covered their short-term demands and prices are steady after a temporary rise in the previous weeks.

Cashews Vietnam

Turkey's new raisin crop should take the heat out of prices

Prices of Thompson raisins from Turkey have risen over the course of the season by about USD1,000 per tonne.

Dried Vine Fruit Turkey

UK organic industry worried about Brexit consequences for re-exporters

UK organic re-exporters will face a hard situation due to Brexit after losing the EU regulation umbrella with their main markets, the manager of the UK organic wholegrain packer Nick Saltmarsh, said at a panel at the Natural & Organics Products Europe in London on April 23.

United Kingdom Brexit

Turkish hazelnut market unmoved by elections shift

The Turkish hazelnut market remains stable at TRY20.5 (USD5.00) per kilo for graded 11-13 mm kernels. This is despite the announcement last week that the Turkish presidential and parliamentary elections, originally scheduled for 2019, will now take place this summer, on June 24.

Hazelnuts Turkey
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Fresh Fruit & Veg Explore this Topic

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

Spanish fruit canner to explore the fresh market

The Spanish traditional fruit and vegetable canner Cofrusa expects to launch a ready-to-eat range of fresh fruit products for the European market, IEG Vu was told this week.

Organics Spain

Peruvian fruit grower boosts blueberry production and exports

Peruvian fruit grower TALSA and its joint venture Hortifrut-TAL exported around 19,000 tonnes of blueberries, after harvesting some 21,000 tonnes of the crop in 2017/18.
Fresh Berries Production

Argentine blueberry producers worried about European grapevine moth

Blueberry producers in Mesopotamia have decided to start early prevention against the pest that has already expanded in wine-producing areas.
Fresh Berries Frozen Foods

Ukrainian apple prices can drop to record-low

Over the last nine seasons, the price for dessert apples in Ukraine fell to a quarter, while the producers say that in the next season they can drop further.

Ukraine Fresh Apples

Frozen mango may be included in US promotion programme

Following a proposal of the US Mango Board, the USDA is seeking comments on a proposed expansion of the national research and promotion program to include coverage of frozen mangos.
Frozen Foods Imports

UK organic industry worried about Brexit consequences for re-exporters

UK organic re-exporters will face a hard situation due to Brexit after losing the EU regulation umbrella with their main markets, the manager of the UK organic wholegrain packer Nick Saltmarsh, said at a panel at the Natural & Organics Products Europe in London on April 23.

United Kingdom Brexit
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Frozen Foods Explore this Topic

Set Alert for IEG Vu Commodities :: Frozen Foods

Peruvian fruit grower boosts blueberry production and exports

Peruvian fruit grower TALSA and its joint venture Hortifrut-TAL exported around 19,000 tonnes of blueberries, after harvesting some 21,000 tonnes of the crop in 2017/18.
Fresh Berries Production

Argentine blueberry producers worried about European grapevine moth

Blueberry producers in Mesopotamia have decided to start early prevention against the pest that has already expanded in wine-producing areas.
Fresh Berries Frozen Foods

Frozen mango may be included in US promotion programme

Following a proposal of the US Mango Board, the USDA is seeking comments on a proposed expansion of the national research and promotion program to include coverage of frozen mangos.
Frozen Foods Imports

Impressive growth for Chilean frozen blueberry exports

Chile’s frozen blueberry industry opened 2018 with a sharp increase in exports compared with last season. A good performance was also recorded in frozen raspberry, whose movements were driven up by demand for organic.
Frozen Foods Exports

Prices up for early Chinese strawberries

The cold snap that hit China between April 4-7 has caused prices of fresh strawberries to increase, including fruit earmarked for processing, IEG Vu has learned. In the meantime, the crop of the more popular American 13 has started.
Fresh Berries Price

Growing importance of UK processed potato sector

Demand for frozen potatoes remains high in the UK, a net importer of this commodity, while trading figures for crisps and canned potato show encouraging signs of increasing exports.

Frozen Potatoes United Kingdom
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Grains & Feed Explore this Topic

Set Alert for IEG Vu Commodities :: Grains and Feed

US Futures Review: Wheat rises on weather focus

US wheat futures posted another round of gains, with Chicago May futures up 13 3/4¢ at USD4.86 1/4.

Wheat Planted area

US Futures Review: Corn gains on planting worries

Corn futures posted gains as trade attention turned to slow US corn planting, sending May futures up 5 1/4¢ cents at USD3.86 1/2.

Corn Demand

Global peanut supply and demand looks to be in a strong position

This was evident from a panel discussion during the International Peanut Forum in Athens earlier this month.

Peanuts Europe

Chinese deposit hits US sorghum export forecast

China’s 179% anti-dumping deposit on US sorghum imports has led to a 30 million bushel reduction in sister title Informa Economics IEG’s US sorghum export forecast.

Sorghum China

Overnight Futures Review: Corn edges up

July corn futures traded 1¾¢ higher in the overnight session at USD3.91¾.

United States Corn

Overnight Futures Review: US soy planting conditions improve

May soybean futures were 3½¢ higher at USD10.25¾ per bushel.

Soy United States
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Meat & Livestock Explore this Topic

Set Alert for IEG Vu Commodities :: Meat and Livestock

Latest From Meat & Livestock

EU farm groups welcome curbs on Brazilian meat, draw link to Mercosur talks

EU farming organisations have praised the EU’s decision to ban imports from 20 Brazilian meat plants, saying recent developments show why the bloc should take a tough line in ongoing EU-Mercosur trade talks.

EU Mercosur

Brazilian feed industry faces hit from EU poultry curbs

Brazil’s animal feed industry is lowering its growth forecasts for 2018 as EU poultry import restrictions add to problems faced by some sectors of the country’s animal protein industry.

Brazil EU

EU Directive improves poultry housing, welfare and health - Commission report

A set of EU animal welfare rules has led to improvements in the housing and management of broilers, which had a positive influence on the health and welfare of the birds, a Commission report has found.

EU Poultry

EU readies for next move on hormone-free beef quotas

The EU this week finished gathering feedback on a roadmap to renegotiate quotas for hormone-free beef. A flurry of comments submitted just before the April 24 deadline shows just how difficult it will be to satisfy the US while at the same time avoiding problems with other important trading partners in Australasia and South America.

EU United States

Peru opens market to Brazilian pigmeat

Brazil has announced two new meat and livestock deals that should help free up trade with neighbouring South American countries.

Brazil Peru

France adopts law on naming of meat substitutes

French MPs have voted in favour of legislation that bans producers from labelling plant-based products with meat-related names. The law will effectively ban foods marketed as vegetarian “steaks” and vegan “cheese”.

France EU
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Oils & Oilseeds Explore this Topic

Set Alert for IEG Vu Commodities :: Oils and Oilseeds

Sunflower oil prices rise on lower Ukraine exports

Prices of sunflower oil from Ukraine and Russia have risen by around 4% over the past two months, partly driven by lower shipments from Ukraine, the world’s top exporter of the oil.

Oils & Oilseeds Sunflower Oil

Overnight Futures Review: Corn edges up

July corn futures traded 1¾¢ higher in the overnight session at USD3.91¾.

United States Corn

Overnight Futures Review: US soy planting conditions improve

May soybean futures were 3½¢ higher at USD10.25¾ per bushel.

Soy United States

US Futures Review: Soybeans finish higher after initial declines

Soybean futures managed to finish higher, with May closing up 1 1/2¢ at USD10.22 1/4.

Soy Demand

Overnight Futures Review: Lower US soybean sales to China

May soybean futures were 1½¢ lower at USD10.19¼ per bushel in the overnight session.

Soy Futures

EU palm oil ban will punish sustainable producers, claims ISCC

The proposed EU ban on palm oil in biofuels from 2020 will do nothing to reduce deforestation and instead punish sustainable palm oil producers, analysis by the International Sustainability & Carbon Certification (ISCC) claims.

Oils & Oilseeds Palm Oil
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Spices & Exotics Explore this Topic

Set Alert for IEG Vu Commodities :: Spices and Exotics

UNCTAD calls for reform in gum Arabic sector

Gum Arabic is not only an exotic commodity but also has the power to drive development in the African nations that produce it, some of them the poorest nations in the world.

Waxes & Gums Senegal

UK organic industry worried about Brexit consequences for re-exporters

UK organic re-exporters will face a hard situation due to Brexit after losing the EU regulation umbrella with their main markets, the manager of the UK organic wholegrain packer Nick Saltmarsh, said at a panel at the Natural & Organics Products Europe in London on April 23.

United Kingdom Brexit

Argentine citrus processor opens essential oil plant

The Argentine grocery company Ledesma has opened a new fruit essential oil factory in the North Eastern region of Jujuy, one of the main national lemon and orange growing areas.

Citrus Oils Essential Oils

New Zealander manuka honey firm expands in the US and China

The manuka honey processor Comvita, which is listed in the New Zealand stock market (NZX), has started to expand its honey-based products in the US and China, the general manager of Comvita Emea, Rashda Ali told IEG Vu in the Natural & Organic Products Europe exhibition in London on March 23.

Honey New Zealand

Slow demand for Turkish white poppyseed despite Indian policy shift

The Indian government recently lifted the ban on Turkish white poppyseed imports into India, which had been in place for 20 months. However, demand remains sluggish.

Poppy Seed India

IEG Vu Weekly Price Briefing: Positive signs for SMP, mixed week for cocoa and wheat, artichoke prices plummet

EU markets witnessed a breakthrough in sales of skimmed milk powder (SMP) last week, but it was a mixed few days for US wheat and cocoa futures. Spanish artichoke prices are tumbling in the face of oversupply while prices for Polish frozen blackcurrants have eased back from recent highs. Meanwhile, hopes of a recovery in Brazilian poultry prices suffered a fresh setback as the EU confirmed new import curbs.

Beverages Canned & Tomato Products
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Sugar Explore this Topic

Set Alert for IEG Vu Commodities :: Sugar

Conab cuts Brazilian sugar production estimate to 37.9 mln t

The government's Commodity Supply Corporation (Conab) cut its estimate for the country's total sugar production in its fourth estimate for the 2017/18 crop to 37.87 mln tonnes, tel quel, from 39.46 mln in the previous forecast just before Christmas, which would be down 2.1% from 38.69 mln a year ago.

 

Brazil Sugar

Datagro cuts Brazilian 2018/19 sugar production forecast to 30.8 mln t

Local analyst Datagro cut its estimate of sugar production in Brazil's Centre/South during the current 2018/19 (Apr/Mar) season further to 30.8 mln tonnes, tel quel, from 31.6 mln previously, president Plinio Nastari said in an online briefing, according to Reuters.

Brazil Sugar

Futures Review: Raw sugar futures dip below 11 cents/lb, whites at 9-1/4-year low

No. 11 raw sugar futures extended losses as the front-month contract fell below 11¢/lb for the first time since September 2015.

 

Sugar Cane Sugar

Cane crush re-accelerates after Thai New Year

As expected, Thailand's sugarcane crush re-accelerated during the past week after almost coming to a standstill during the Thai New Year (Songkran) festival from April 13-15, official data showed.

Thailand Sugar

Philippine sugar campaign report - April 8, 2018

Sugar production in the week ended April 8 amounted to 77,457 tonnes, raw value, compared with 59,408 tonnes produced in the same period a year ago, SRA data show.

Philippines Sugar

Indian ministers mull plan to take over part of millers' cane price dues

Imposition of a cess on sugar, a production subsidy to sugarcane farmers and reducing goods and services tax on ethanol to 5% are some of the suggestions put forward by a group of ministers looking into rising sugarcane arrears, according to local press reports.

India Sugar
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