Commodities
Beverages Explore this Topic
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Turkish apple juice price rises to unrealistic levels in Europe
Turkish sweet AJC is being offered in Europe at a reported EUR1.35 per kilo, equivalent to USD1,525 per tonne cfr main European ports.
US wholesale food prices dropped in early 2019
The producer price index (PPI) for all commodities fell 1.7% in January from the prior month but still grew 0.4% from the previous year.
Chinese juice processor and bottler defaults on loan repayment
In an action that is likely to send ripples of fear through the Chinese fruit juice industry, the privately-owned China Huiyuan Juice Group has failed to repay a HKD1.0 billion (USD128 million) convertible bond that has become due.
Spanish food and drink industry ratifies plan to reduce products’ sugar, salt and fat content
Spain’s Food and Drink Industry Federation (FIAB) has ratified a “Collaboration Plan for the Improvement of the Composition of Food and Beverages and Other Measures 2020”.
Cherry flavour joins portfolio of Capri-Sun drinks
Available from the middle of March, Capri-Sun Cherry will be available in a 330ml re-sealable pouch and will feature a new safety cap. According to CCEP, cherry is the fastest growing flavour in the UK soft drinks sector, with sales up by GBP17.0 million (USD21.9 mln) last year.
Germany to strengthen leadership of European organic market
Canned & Tomato Products Explore this Topic
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Princes partners Italian tomato growers association
The UK-based food and drinks group Princes Limited is committed to a three-year supply contract with associated growers of the Italian agriculture association Coldiretti, as a result of a partnership signed by both entities on February 12.
Private label holds one third of US retail canned vegetables market
Private label currently dominates canned corn and beans retail sales in the US, with US own brand remaining strong in selected canned vegetable categories.
Germany to strengthen leadership of European organic market
Interview: Blueberries are Camposol's shining star in fresh produce turnaround
Since Peruvian fruit and vegetable manufacturer Camposol started a turnaround of its fresh fruit and vegetable retail supply years ago while disposing of its canning business, blueberries recently became the shining star of the Peruvian company, with significant developments on avocado, citrus fruit and table grapes.
Moscow company launches full range of ivasi sardine products
The Antei Group of Companies has launched a new range of ivasi sardine products, including smoked fillet in oil, canned sardines in oil and brine, as well as hot-smoked and fresh fish.
Russian tomato paste production increase led by demand for sauces
Tomato paste producers in Russia, besides the natural self-sufficiency goal, are increasing production due to a domestic rise in demand for sauces and ketchups, IEG Vu learned at Prodexpo in Moscow.
Cocoa Explore this Topic
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Futures Review: Cocoa mixed again in trendless market
New York cocoa futures settled lower on yesterday’s (February 14) closing, while in London values firmed marginally.
Chocolatier Barry Callebaut places first promissory note loan
Chocolate maker Barry Callebaut has successfully placed its first promissory note loan known as a Schuldscheindarlehen.
Hortex Russia entices consumers with frozen berries in chocolate
The Polish frozen food producer’s Russian subsidiary has launched an innovative range of Moments desserts in the domestic market: chocolate-covered berries.
Weekly Review: Cocoa awaits Africa mid-crop news
Cocoa’s renewed rally attempt this week drew much of its support from slhtly less favourable weather talk coming from origins.
Futures Review: Cocoa sees further moderate gains
Cocoa futures in both New York and London firmed again slightly on yesterday’s (February 13) closing, as a sideways trend continues.
Germany to strengthen leadership of European organic market
Coffee Explore this Topic
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Weekly Review: Coffee takes another hit
Ample supplies exacerbated by origin currency weakness continued to undermine attempts to revive ailing coffee futures markets.
Germany's JAB to list coffee and restaurant businesses
Family owned JAB Holding Co, which has several coffee and restaurant brands is planning to list the business that owns Keurig, Dr Pepper, Peet's Coffee and JDE coffee brands, the company said on February 14.
Futures Review: Coffee retreats amid weak Brazilian currency
Arabica futures in New York suffered further losses as a weak Brazilian currency was weighing on the market.
Germany to strengthen leadership of European organic market
Rwandan coffee export revenue rises to USD69 mln in 2018
Rwanda’s coffee export revenue increased to more than USD69 mln in 2018 from around USD64 mln the previous year, the National Agricultural Exports Board said.
Futures Review: Arabica coffee nears 2-month low on weaker real
Arabica coffee futures slipped as a weaker Brazilian real dragged the spot contract to its lowest levels in nearly two months.
Dairy Explore this Topic
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Russian producers bet on long-life dairy products for China export
Russian dairy producers are targeting the supply of long-life products to China after recently gaining clearance to export there, IEG Vu learned at Prodexpo in Moscow this week.
Brazil to increase basic EU milk import tariff
Brazil is set to increase its basic import tariff for whole or skimmed milk powder from the EU, in order to offset the withdrawal of anti-dumping duties, Brazilian president, Jair Bolsonaro, announced this week.
US investigates exposure to antibiotic-resistant bacteria through raw milk
The Centers for Disease Control and Prevention (CDC) is investigating potential exposures to an antibiotic-resistant strain of the bacteria Brucella in 19 states connected to consumption of raw milk from a farm in Pennsylvania.
Chinese juice processor and bottler defaults on loan repayment
In an action that is likely to send ripples of fear through the Chinese fruit juice industry, the privately-owned China Huiyuan Juice Group has failed to repay a HKD1.0 billion (USD128 million) convertible bond that has become due.
Adecoagro acquires Argentine milk processing plants
Adecoagro has purchased two milk processing plants in Argentina from SanCor, along with two trademarks.
Sardinian sheep farmers protest for fair milk price
Sardinian shepherds and milk producers in Italy are threatening to blockade the upcoming regional elections if a solution to the falling price of milk is not found.
Dried Fruit & Nuts Explore this Topic
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South African dried vine fruits estimate reduced by reports of rain
The weather conditions around Uppington and the Orange River had been very good until the first week in February. Rain, however, was forecast and unfortunately there are now reports of some heavy showers and thunderstorms.
Bolivian company to open Brazil nut factory in Amazonian region
The Swiss-Bolivian company Hylea 1884 is set to open the largest Bolivian nut processing plant in the Bolivian region of Pando, in March.
Spanish tiger nuts to satisfy superfood demand
Spanish companies are developing a broad range of tiger nut-based products such as powder, alcoholic beverages, oil or special chocolates to meet exploding demand.
Argentine prunes knocking at organic market door
The young Argentine conventional and organic prune sectors are viewing a poor crop, due to intense frosts at the end of the year, declining by 40% compared with 2018.
Azerbaijan innovates dried fruit market with persimmon
Azerbaijan-based Balkhoorma takes advantage of its natural production resources with dried persimmon.
Germany to strengthen leadership of European organic market
Fresh Fruit & Veg Explore this Topic
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US wholesale food prices dropped in early 2019
The producer price index (PPI) for all commodities fell 1.7% in January from the prior month but still grew 0.4% from the previous year.
South African table grape variety to debut in Mediterranean markets
Spain-based table grape licensing company SNFL is launching the South African Joy Bell variety next year in some Mediterranean countries after several trial years working on its adaptation to the new environment.
Fresh vegetable sales drop in Germany
In 2018, German households bought the lowest volume of fresh vegetables for six years, in contrast with a better year for fruit sales.
Germany to strengthen leadership of European organic market
Russian fresh produce grower Crocus moves into organic fruit sector
Crocus Group plans to invest USD40-50 million in the project, which includes a 100 hectares organic orchard in the Moscow region, according to owner Araz Agalarov.
Philippines announces increased banana production
Banana production rose 0.6% to 2.42 million tonnes in the last quarter of 2018. The Davao Region led the country with output of 904,130 tonnes, or 37.3% of the total, followed by Northern Mindanao with 492,250 tonnes.
Frozen Foods Explore this Topic
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Hortex Russia entices consumers with frozen berries in chocolate
The Polish frozen food producer’s Russian subsidiary has launched an innovative range of Moments desserts in the domestic market: chocolate-covered berries.
Russian producers bet on long-life dairy products for China export
Russian dairy producers are targeting the supply of long-life products to China after recently gaining clearance to export there, IEG Vu learned at Prodexpo in Moscow this week.
Spanish food and drink industry ratifies plan to reduce products’ sugar, salt and fat content
Spain’s Food and Drink Industry Federation (FIAB) has ratified a “Collaboration Plan for the Improvement of the Composition of Food and Beverages and Other Measures 2020”.
Germany to strengthen leadership of European organic market
Interview: Blueberries are Camposol's shining star in fresh produce turnaround
Since Peruvian fruit and vegetable manufacturer Camposol started a turnaround of its fresh fruit and vegetable retail supply years ago while disposing of its canning business, blueberries recently became the shining star of the Peruvian company, with significant developments on avocado, citrus fruit and table grapes.
Greenyard appoints co-chief executive amid internal transformation
Under the recent co-chief executive structure announcement, Greenyard will develop its plans to further transitioning its organisation into a vertically integrated partner for its retail customers.
Grains & Feed Explore this Topic
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US Futures Review: Corn closes unchanged ahead of three-day weekend
March corn closed unchanged at USD3.74 3/4 on Friday as traders squared away positions ahead of holiday weekend.
US Futures Review: Wheat falls as global prices decline
Falling global cash prices caused Chicago March wheat fell to a multi-month low before settling 2 3/4¢ lower at USD5.04 1/4 while Kansas City traded down to a new contract low before settling 5¢ lower at USD4.76 1/2. Minneapolis also closed lower.
US Futures Review: Soybeans higher on renewed trade optimism
Soybean futures recovered somewhat on Friday after US and Chinese negotiators cited progress in the latest round of trade talks. Soymeal and soyoil contracts also ended higher. March soybeans gained 4¢ at USD9.07 1/2.
Weekly Review: Glut drives soy market
The CBOT market’s muted reaction to last week’s 8 million tonne cut in the USDA’s world soybean production forecast might beg the question, how have prices been able to stay over USD9/bushel before that supportive input?
Weekly Review: Corn still rangebound
Hotly-anticipated yet soon faded, last week’s delayed USDA data blitz seems to have been mostly pre-empted by earlier trade and private analyst reports, leaving CBOT futures at the low end of 2019’s tight range.
Weekly Review: Can lagging US/EU wheat exports catch up?
While corn and soybeans remain fixated on hopes of windfall China trade, wheat has been marching to its own tune.
Meat & Livestock Explore this Topic
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Latest From Meat & Livestock
US wholesale food prices dropped in early 2019
The producer price index (PPI) for all commodities fell 1.7% in January from the prior month but still grew 0.4% from the previous year.
Dutch egg trader fined for fraud with Fipronil eggs
An egg trader in the Netherlands has been fined EUR30,000 for a fraud involving the sale of potentially contaminated eggs.
EU beef market update: Cattle prices ease again as demand softens
EU cattle prices have declined again over the past week, as demand has eased for sub-prime cattle in particular. The main exception has been for young cattle aged 8-12 months, whose values have risen considerably.
EU pig market braced for price rises as supplies fall
Pig prices in Europe have finally started tracking upwards over the past week, as a reduction in the volume of animals being presented for slaughter has forced abattoirs to raise prices.
Green MEP calls for cautious approach to lab-grown meat
A Green MEP has urged caution with cell-cultured meat development in the EU, calling for the bloc to apply the precautionary principle to prevent risks to human health or the environment.
China unveils solution to Brazilian chicken dumping case
China’s antidumping probe into Brazilian chicken suppliers concluded today (February 15) with a compromise agreement that exempts some of Brazil’s biggest poultry companies from import duties – so long as sales are made above an agreed minimum price.
Oils & Oilseeds Explore this Topic
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US Futures Review: Soybeans higher on renewed trade optimism
Soybean futures recovered somewhat on Friday after US and Chinese negotiators cited progress in the latest round of trade talks. Soymeal and soyoil contracts also ended higher. March soybeans gained 4¢ at USD9.07 1/2.
US wholesale food prices dropped in early 2019
The producer price index (PPI) for all commodities fell 1.7% in January from the prior month but still grew 0.4% from the previous year.
Weekly Review: Rapeseed market remains a follower
Rapeseed futures markets were heading back to or below the bottom of their tight 2019 ranges to date, moving mainly with competing veg-oils and currency markets.
Weekly Review: Palm rally falters despite better Malay sales
Palm oil prices ricocheted from seven-month highs to three-week lows as supportive origin data was blunted by ongoing concerns about forward demand.
Weekly Review: Glut drives soy market
The CBOT market’s muted reaction to last week’s 8 million tonne cut in the USDA’s world soybean production forecast might beg the question, how have prices been able to stay over USD9/bushel before that supportive input?
US Futures Review: Soybeans sink on China sales cancellations
Soybean futures settled at one-month lows Thursday, after weekly sales data revealed Chinese buyers cancelled some earlier soybean sales commitments in the first reporting week of 2019. Soymeal and soyoil contracts also ended lower. March soybeans lost 13¢ at USD9.03 1/2.
Spices & Exotics Explore this Topic
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Germany to strengthen leadership of European organic market
Russia ready to fulfil export goal, country’s government officials say
Russia has what it takes to meet the aim set by president Putin’s decree to double agri-food exports by 2024, paying special attention to further processing and diversifying its supply markets beyond the EAEU.
Bulgarian essential house to expand in Singapore, Malaysia and Thailand
The Bulgarian company Lavena, listed on the Sofia exchange, is set to sell its essential oil-based products in Singapore, Malaysia and Thailand, partnering with the Singaporean house GSE International.
European discount supermarkets support fresh fruit and vegetable sector
EU trade of fresh fruit and vegetables is benefiting from increasing interest from discounters, it was highlighted at Fruit Logistica 2019 held in Berlin between February 6 and 8.
Volcano could ignite nutmeg and mace prices
Indonesian mace and nutmeg prices could be prone to renewed upward pressure due to concerns over recent volcanic activity, according to one recent assessment.
Guatemalan cardamom prices hold firm as latest crop thwarts hopes
Guatemalan cardamom prices have increased significantly since the start of the 2018/19 season as it appears that the latest crop will fail to meet the volume that had been hoped for.
Sugar Explore this Topic
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Weekly Review: Current surplus, currency still weighing on sugar price
Who would have thought, a few seasons back, that the sugar market would behave with such restraint to an estimated year-to-date drop of over a quarter in this season’s production by top supplier Brazil, as reported by local industry body Unica this week?
Indian government hikes minimum sugar selling price
India has raised the minimum selling price of sugar at the mill-gate to INR31 per kg from INR29, said Ram Vilas Paswan, the minister of consumer affairs, food & public distribution.
Brazilian sugar mills likely to delay harvest due to weather, ethanol stocks
Mills in the Centre/South are likely to start harvesting the new sugarcane crop later than usual to allow cane fields to take advantage of late rains while holding excess ethanol stocks after over-producing last year, Reuters reported.
France's Saint Louis Sucre to close two sugar mills after 2019/20 season
Saint Louis Sucre announced on February 14 to close two of its four sugar factories in France as part of a wider restructuring plan at its parent Südzucker.
Futures Review: Sugar ends in the red amid weak Brazilian currency
Raw sugar futures in New York ended with slight losses as the market continued to be dominated by outside factors such as a weakening Brazilian real.
Spanish food and drink industry ratifies plan to reduce products’ sugar, salt and fat content
Spain’s Food and Drink Industry Federation (FIAB) has ratified a “Collaboration Plan for the Improvement of the Composition of Food and Beverages and Other Measures 2020”.
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