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Commodities

Beverages Explore this Topic

Set Alert for IEG Vu Commodities :: Beverages

Refresco will bottle PepsiCo beverages in Spain

A deal struck between Refresco and PepsiCo transfers two of the three PepsiCo factories in Spain to the Dutch bottler, where Refresco will handle production. Refresco and PepsiCo are already partners in other markets, including France, Belgium, Germany and the US.

Spain Beverages

Beverage packaging makers unite to promote environmental benefits

BillerudKorsnäs, Elopak, SIG Combibloc, Stora Enso and Tetra Pak have joined forces at a global level to strengthen the beverage carton position as low carbon, sustainable and recyclable packaging.

Europe Beverages

South Africa to invest heavily in state’s agro-industry

Primary agriculture in Mpumalanga is set to experience strong growth with the establishment of the Nkomazi special economic zone (SEZ), which will focus on agroprocessing.

Australia Beverages

Polish apple juice concentrate prices creeping up

Polish juicing fruit is now selling for up to PLN0.65 per kilo, equivalent to EUR150 per tonne or USD165/tonne. This is more than double the price paid last year and considerably more expensive than raw material in China or Turkey.

Poland Turkey

Packaging supplier presents wide-neck PET containers for the food industry

Packaging systems provider for the beverage industry, KHS of Dortmund and Salzgitter Klöckner-Werke subsidiary, has developed wide-neck PET containers for hot filling as an alternative to the non-returnable glass receptacle.

Europe International

Brazilian orange juice export volumes up by one-third

Exports to the EU, Brazil’s largest market, were 225,462 tonnes in the first quarter of the current season, 56% up from 144,299 tonnes shipped in the same period in the 2018/19 season, and worth USD401.5 mln, a 48% increase from USD271.1 mln.

Brazil Beverages
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Canned & Tomato Products Explore this Topic

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

Sustainable certified tuna raw material yet sharing a minor part

Around half of total tuna catches in the world is yellow or red rated, with the certified sustainable volume representing around 18.24% of the total catch, according to data released by Certification and Ratings Collaboration.

Asia Pacific Europe

Olam closes one of its US tomato processing facilities

The agri-food giant Olam has announced the decision to close the tomato processing plant in Williams, California.

Olam Canned Tomatoes

South Africa to invest heavily in state’s agro-industry

Primary agriculture in Mpumalanga is set to experience strong growth with the establishment of the Nkomazi special economic zone (SEZ), which will focus on agroprocessing.

Australia Beverages

Illegally imported canned meat recalled in US

Around 100 pounds of canned meat from Jordan were recalled by Texas retailer Global Zakii Enterprises as they were not presented for import re-inspection, the US Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced yesterday.

US States Canned & Tomato Products

Small Italian tomato crop will not affect quality

The UK-based trader Eurostar Commodities has confirmed the quality of its Italian tomato range despite the shortage recorded in the country.

Canned Tomatoes Italy

Packaging supplier presents wide-neck PET containers for the food industry

Packaging systems provider for the beverage industry, KHS of Dortmund and Salzgitter Klöckner-Werke subsidiary, has developed wide-neck PET containers for hot filling as an alternative to the non-returnable glass receptacle.

Europe International
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Cocoa Explore this Topic

Set Alert for IEG Vu Commodities :: Cocoa

Weekly Review: Grind data weighs on cocoa

Less than encouraging third quarter grind data from Europe and North America this week saw recently firm cocoa prices starting to backtrack again.

Cocoa Price

Futures Review: Cocoa closes lower ahead of North American demand data

Cocoa prices closed lower as the market awaited Q3 North American cocoa demand data expected late Thursday (October 17).

Cocoa Futures

Nestlé reports sales growth, announces USD20 bln share buyback

Nestlé reported strong organic growth in its third quarter results, confirmed its 2019 guidance and announced plans to return up to USD20 billion to shareholders by 2020.

Nestle Financial Results

Asian Q3 cocoa grind soars to record volumes

Cocoa processing in Asia climbed by 14.73% from a year earlier, a record for Q3 figures, the latest data from the Cocoa Association of Asia (CAA) showed.

Cocoa Malaysia

North American Q3 cocoa grindings at 10 year-low

North American cocoa grindings fell to their lowest Q3 level in 10 years, data from the National Confectioners Association (NCA) showed on Thursday (October 17).

United States Cocoa

Futures Review: Cocoa closes lower on fall in European processing

Cocoa prices on Wednesay (October 16) closed lower on a decline in European cocoa grinding.

Cocoa Futures
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Coffee Explore this Topic

Set Alert for IEG Vu Commodities :: Coffee

Weekly Review: Abundant supply keeps coffee price on the floor

Both the major coffee futures terminals took another downward shunt this week as traders bowed to reports indicating current abundant supplies were likely to continue for some time yet.

Coffee Arabica

Nestlé reports sales growth, announces USD20 bln share buyback

Nestlé reported strong organic growth in its third quarter results, confirmed its 2019 guidance and announced plans to return up to USD20 billion to shareholders by 2020.

Nestle Financial Results

Futures Review: Coffee retreats but holds above contract lows

Arabica futures in New York suffered losses but the most-active December contract managed to stay above its recent contract low of 92.20¢/lb.
Futures Coffee

Breakthrough Brexit deal offers hope to food and drink sector – but fears still persist

The United Kingdom has finally reached agreement with the EU on revised terms for its departure from the Union, and on the basis of its subsequent future partnership. But as things stand, there is still no certainty as to whether any of the provisions agreed will actually come into effect as planned at the end of this month – or at all.

Brexit Trade Agreements

Futures Review: Robusta coffee falls to contract lows

Robusta coffee futures in London suffered sizeable losses amid ongoing weak market sentiment. 

Coffee Arabica

Indian coffee growers fear 30% drop in 2019/20 output

Indian coffee growers are expecting a 30% decline in the new crop to be harvested from December, raising apprehensions of a third year in a row of poor output in the country, according to local press reports.

India Coffee
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Dairy Explore this Topic

Set Alert for IEG Vu Commodities :: Dairy

Cheese market still flourishing, Rabobank says

Cheese, with its growing popularity in certain areas of the world over the last 10 years, still remains an active sector in the dairy industry, helped by shifting trade balances, active M&A activity and investments in cheese capacity, Rabobank states in its latest report.

Cheese Demand

Nestlé reports sales growth, announces USD20 bln share buyback

Nestlé reported strong organic growth in its third quarter results, confirmed its 2019 guidance and announced plans to return up to USD20 billion to shareholders by 2020.

Nestle Financial Results

Argentine dairy exports rise after months of decline

Argentina’s monthly dairy exports increased in August, according to figures from its National Institute of Statistics and Census (Indec).

Argentina Dairy

Dairy Price Update: Polish butter declines after seven weeks of growth

Polish butter has run its course, as the commodity has finally witnessed a decline after seven-consecutive weeks of growth.

Butter Czech Republic

Giant tuna canner looks into alternative protein

Top tuna company Thai Union has announced a USD30 million venture fund for investments in innovative companies playing in the food-tech field, with the first allocation to insect-based sustainable protein start-up firm Israel Flying Spark, it was announced yesterday.

Europe International

Breakthrough Brexit deal offers hope to food and drink sector – but fears still persist

The United Kingdom has finally reached agreement with the EU on revised terms for its departure from the Union, and on the basis of its subsequent future partnership. But as things stand, there is still no certainty as to whether any of the provisions agreed will actually come into effect as planned at the end of this month – or at all.

Brexit Trade Agreements
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Dried Fruit & Nuts Explore this Topic

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

Argentine peanut harvest starts with financial squeeze and lack of inputs

Argentina’s new peanut sowing season was launched earlier this month with lower availability of agricultural inputs needed for the crop and a financial squeeze, due to domestic currency scarcity as banks are stockpiling cash, according to the Argentine Chamber of Peanuts (CAM).

Peanuts Argentina

Strong rise in Spanish hazelnut production expected

The 2019 Spanish hazelnut output is expected to reach 12,400 in-shell tonnes, 54.9% more than last year, according to the latest forecast from Spain’s ministry of agriculture.

Hazelnuts Spain

Mexican pecan harvest starts in all the origins

Mexico’s farmers are starting to collect pecan nuts in all the growing regions and are reporting new orders from China, according to the Mexican pecan association (Comenuez).

Pecans Mexico

Normal trading resumes after Anuga

After a crowded Anuga show, business has been resumed with most traders back at their offices, Catz International noted in its latest report on dried fruit and nut markets.

Dried Apricots Dried Apple

US pecan crop expected to increase

The 2019 US pecan crop is expected to reach 281.0 million in-shell pounds (127,460 tonnes), 15.6% more than last year, according to the USDA.

Pecans United States

US imported volume of nuts remains stable

US imports of nuts were stagnant at around 412.4 million pounds (about 18,700 tonnes) but fell by 16% in value to USD1.3 billion between January and August 2019 compared with the same period in the previous year, according to the US Bureau of Census.

Dried Fruit & Nuts United States
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Fresh Fruit & Veg Explore this Topic

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

Positive results for new Chilean raspberry varieties

Three new Chilean raspberry varieties recently introduced in the country have reported good yields and calibre in the first cultivation trials.

Chile Fresh Fruit & Vegetables

Record exports of Chilean cherries

Chilean exporters could export around 226,000 tonnes of cherries, or 45.2 million cases, this 2019/20 season, according to new estimates by analysts from the iQonsulting agency

 

Chile Exports

South Africa to invest heavily in state’s agro-industry

Primary agriculture in Mpumalanga is set to experience strong growth with the establishment of the Nkomazi special economic zone (SEZ), which will focus on agroprocessing.

Australia Beverages

Continued fine weather will result in superb Peruvian mango crop

Peruvian fresh mango exports may exceed 204,000 tonnes in the 2019/20 season that is about to begin, according to new estimates released by the Peruvian Association of Mango Growers and Exporters (APEM).

Peru Fresh Fruit & Vegetables

Breakthrough Brexit deal offers hope to food and drink sector – but fears still persist

The United Kingdom has finally reached agreement with the EU on revised terms for its departure from the Union, and on the basis of its subsequent future partnership. But as things stand, there is still no certainty as to whether any of the provisions agreed will actually come into effect as planned at the end of this month – or at all.

Brexit Trade Agreements

Programme to stabilise Brazilian processing orange prices

Orange fruit growers in Brazil’s southernmost state of Rio Grande do Sul will benefit from two impending federal price support auctions designed to help the outflow of 20,000 tonnes of orange fruit delivered to the processing industry.

Brazil Fresh Fruit & Vegetables
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Frozen Foods Explore this Topic

Set Alert for IEG Vu Commodities :: Frozen Foods

Positive results for new Chilean raspberry varieties

Three new Chilean raspberry varieties recently introduced in the country have reported good yields and calibre in the first cultivation trials.

Chile Fresh Fruit & Vegetables

Record exports of Chilean cherries

Chilean exporters could export around 226,000 tonnes of cherries, or 45.2 million cases, this 2019/20 season, according to new estimates by analysts from the iQonsulting agency

 

Chile Exports

Nestlé reports sales growth, announces USD20 bln share buyback

Nestlé reported strong organic growth in its third quarter results, confirmed its 2019 guidance and announced plans to return up to USD20 billion to shareholders by 2020.

Nestle Financial Results

Lamb Weston forms new joint venture in Argentina

The frozen potato giant Lamb Weston has formed a 50/50 joint venture with Sociedad Comercial del Plata in Argentina to process and sell frozen potatoes in the Latin American market, which is worth nearly USD2.5 billion .

Lamb Weston Argentina

Hortifrut and Alifrut agree to combine their frozen exports business

The two Chilean companies active in the frozen fruit and vegetables market will join forces to become the country’s largest processor and exporter.

M&A Frozen Foods

McCain starts construction of potato processing plant

McCain Foods USA has started the USD300 million expansion of its potato processing facility in Othello, Washington.

United States Frozen Potatoes
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Grains & Feed Explore this Topic

Set Alert for IEG Vu Commodities :: Grains and Feed

US Futures Review: Soybeans end higher with strong exports

Soybean futures settled higher Friday, boosted by strong weekly export performance. Soybean meal futures ended higher, while soybean oil futures ended lower. November soybean futures gained 2 1/2 cents at USD9.34.

Soy United States

US Futures Review: Chicago wheat ends higher, capping solid weekly gains

Wheat futures were higher on Friday on firming cash prices pointing to robust demand.

Wheat Futures

US Futures Review: Disappointing export business pressured corn

Corn futures were lower on Friday, with the December contract down 3 3/4 cents to $3.91.

Grains & Feed Futures

Weekly Review: Weak exports anchor corn weather market

A brief foray over the psychologically important USD4/bushel levels (about USD157.50/tonne) this week showed traders remain on guard for possible future reductions to a weather-delayed US harvest.

Futures Demand

Weekly Review: Wheat finally breaks out on quality concerns, import demand

Fears of rain, snow and freeze damage to late-harvested North American spring-sown crops, delayed planting in parts of Europe and lingering dryness issues in the southern hemisphere kept wheat prices on the boil this week.

Futures Wheat

Nestlé reports sales growth, announces USD20 bln share buyback

Nestlé reported strong organic growth in its third quarter results, confirmed its 2019 guidance and announced plans to return up to USD20 billion to shareholders by 2020.

Nestle Financial Results
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Meat & Livestock Explore this Topic

Set Alert for IEG Vu Commodities :: Meat and Livestock

Latest From Meat & Livestock

China opens doors to British beef in breakthrough agreement

Beef from the UK could be served up on Chinese plates by the end of this year after China finalised the details of an export approval agreement between the two countries.

China United Kingdom

Danish report on climate impact of beef sparks heated debate

A report out of Denmark stating that “alcohol, coffee and sweets are greater climate culprits than beef” has been heavily criticised by a number of organisations, partly because the study was funded by one of Denmark’s leading agriculture councils.

Denmark Cattle & Beef

South Africa to invest heavily in state’s agro-industry

Primary agriculture in Mpumalanga is set to experience strong growth with the establishment of the Nkomazi special economic zone (SEZ), which will focus on agroprocessing.

Australia Beverages

JBS eyes US stock market listing in 2020 - report

Brazilian meat giant JBS looks set to present a new proposal to list shares on the New York Stock Exchange (NYSE) in the first quarter of 2020.

Brazil United States

Little change in EU pig price as Chinese exports keep markets strong

Conditions on European pig markets were little changed over the past week, with continuing high Chinese import demand compensating for generally slackening internal demand for pigmeat.

EU Hogs & Pork

Nestlé reports sales growth, announces USD20 bln share buyback

Nestlé reported strong organic growth in its third quarter results, confirmed its 2019 guidance and announced plans to return up to USD20 billion to shareholders by 2020.

Nestle Financial Results
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Oils & Oilseeds Explore this Topic

Set Alert for IEG Vu Commodities :: Oils and Oilseeds

US Futures Review: Soybeans end higher with strong exports

Soybean futures settled higher Friday, boosted by strong weekly export performance. Soybean meal futures ended higher, while soybean oil futures ended lower. November soybean futures gained 2 1/2 cents at USD9.34.

Soy United States

Weekly Review: Will canola harvest losses be less than expected?

Canola’s recent price ascent appeared to be stalling this week as reports of harvest progress fostered ideas that Canadian crop losses might be less severe than earlier thought.

Futures Rapeseed

Weekly Review: Palm looks to other vegoils for support

Moribund export trade remains an anchor on palm oil prices, forced to seek support mainly from rallies in key trade rival soy oil.

Futures Palm Oil

Weekly Review: US soy crop damage uncertain

A few months ago, the USDA calculated the US could end the 2019/20 season with a truly bearish surplus stock in excess of 28 million tonnes.

Futures Soy

Nestlé reports sales growth, announces USD20 bln share buyback

Nestlé reported strong organic growth in its third quarter results, confirmed its 2019 guidance and announced plans to return up to USD20 billion to shareholders by 2020.

Nestle Financial Results

US Futures Review: Soybeans end higher as harvest concerns continue

Soybean futures settled higher Thursday as harvest concerns and ideas of stronger export potential lifted the market. Soybean meal futures ended higher, while soybean oil futures ended lower. November soybean futures gained 3 1/2 cents at USD9.31 1/2.

Soy Futures
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Spices & Exotics Explore this Topic

Set Alert for IEG Vu Commodities :: Spices and Exotics

Indian turmeric price hits rock bottom

The Indian spot fob turmeric price dropped to INR5,964.3 (USD83.85) per quintal on October 17 at Nizamabad market, 6.4% less than on September 18 and mirroring March levels, when weak prices led to social riots in Indian rural areas. 

Turmeric India

“Sudan is ready to modernise its agricultural industry once political stability has been achieved”

The president of the Sudanese agricultural exporter Africorp International (ACI), Dr. Mohammed Haroon, was talking to IEG VU about the Sudanese agribusiness industry, during his visit to Anuga. Sudan has great potential for products such as peanuts, cotton, gum Arabic and sesame.

Sesame Seed Waxes & Gums

Breakthrough Brexit deal offers hope to food and drink sector – but fears still persist

The United Kingdom has finally reached agreement with the EU on revised terms for its departure from the Union, and on the basis of its subsequent future partnership. But as things stand, there is still no certainty as to whether any of the provisions agreed will actually come into effect as planned at the end of this month – or at all.

Brexit Trade Agreements

Brazil extends anti-dumping tariff on Chinese garlic

The Brazilian government has extended anti-dumping duties on imports of Chinese garlic for a five-year period.

Garlic Argentina

Indian guar gum company to expand sales to the oil industry

India’s Vikas Wsp has announced that it has received an order of USD30 million for the export of guar gum powder to be used in oil fields of Dubai’s company Petroplan Limited.

Deals India

Spanish spice processor to offer organic product in all its global offerings

At Anuga, the Spanish spice and herb processor Sabater Spices revealed that is set to sell organic product in all its global offerings, comprising mainly chilli, paprika, pepper, cumin, saffron, coriander, nutmeg, mace, dehydrated garlic, laurel, thyme, parsley and mint.

Spices & Exotics Spain
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Sugar Explore this Topic

Set Alert for IEG Vu Commodities :: Sugar

South Africa to invest heavily in state’s agro-industry

Primary agriculture in Mpumalanga is set to experience strong growth with the establishment of the Nkomazi special economic zone (SEZ), which will focus on agroprocessing.

Australia Beverages

Weekly Review: India remains a bear factor for sugar

Reports that India had made subsidised export sales helped cap sugar futures’ latest attempt to break out to the upside.

Sugar Futures

Nestlé reports sales growth, announces USD20 bln share buyback

Nestlé reported strong organic growth in its third quarter results, confirmed its 2019 guidance and announced plans to return up to USD20 billion to shareholders by 2020.

Nestle Financial Results

Ukraine sugar production hits 537,000 tonnes

Ukranian sugar factories processed 3.73 million tonnes of beet into 537,000 tonnes of sugar as of October 17, the National Association of Sugar Producers (Ukrtsukor) reported.

Ukraine Belarus

Russia sugar output crosses 3 mln tonnes

Russia’s sugar production crossed 3.0 million tonnes on October 17, which is 0.3 mln more than was produced by the same time last year, according to the Russian Sugar Producers Union (Soyuzrossakhar).

Russian Federation Sugar

Futures Review: Sugar suffers losses for second-straight day

Raw sugar futures in New York suffered further losses as market sentiment remained weak.

Sugar Futures
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