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Commodities

Beverages Explore this Topic

Set Alert for IEG Vu Commodities :: Beverages

Brexit uncertainty blamed for stagnating Italian food exports

Italy’s overall food exports stagnated in June for the first time this year, mainly due to a 17.1% drop in sales to the UK, which was caused partly by a devaluation of the British pound, said Italy’s farmers’ group Coldiretti, which reiterated its warning of an impending crisis in the case of a No Deal Brexit.

Italy Brexit

Polish sour cherry price eases on a lower demand from the juice sector

The Polish sour cherry shortage has led to a two-tier market characterised by relevant price differences between high- and low-quality products, IEG Vu has learned.

Frozen Foods Price

US apple harvests are increasing year by year

Four of the last six US apple harvests rank in the top 10 of historical production, including the record 2014 harvest. This year’s harvest is forecast at 253,095 bushels, equivalent to 4.82 million tonnes, US Apple Association director Mark Seetin told delegates at this year’s USApple conference in Chicago.

United States Fresh Fruit & Vegetables

Chinese AJC industry prepares for storming return to US market

China United States

Thailand’s beverage market increases again

In the first six months of 2019, the key driver was a bottled water segment with annual average sales growth of 10.3% and production index of 9.7%. Annual production and distribution of energy drinks rose by an average of 8.7% and 5.4% respectively, while carbonated soft drinks (CSD) production increased by 6.2%. 

Thailand Beverages

IEG Vu: UK office closed on Monday, August 26

There will be a limited service on IEG Vu on Monday, August 26 due to a national holiday in the UK.

Beverages Canned & Tomato Products
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Canned & Tomato Products Explore this Topic

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

Brexit uncertainty blamed for stagnating Italian food exports

Italy’s overall food exports stagnated in June for the first time this year, mainly due to a 17.1% drop in sales to the UK, which was caused partly by a devaluation of the British pound, said Italy’s farmers’ group Coldiretti, which reiterated its warning of an impending crisis in the case of a No Deal Brexit.

Italy Brexit

Spanish Supreme Court rules in favour of EU anti-fraud office on tuna customs fraud

The European anti-fraud office (OLAF) has welcomed a ruling in the Spanish Supreme Court that upholds its findings on a EUR9.7 mln customs fraud.

Canned Tuna Spain

Spanish tomato prices surge amid global production uncertainty

Prices for Spanish tomato paste and canned tomatoes are ramping up as rumours of smaller Californian and Italian crops abound, IEG Vu has learned.

Canned & Tomato Products Price

Hungarian sweetcorn harvest moving forward steadily

The first sweetcorn crop in Hungary ended on adequate levels in late July, with the harvest of the second crop starting in late August, to last until late October.

Europe Hungary

IEG Vu: UK office closed on Monday, August 26

There will be a limited service on IEG Vu on Monday, August 26 due to a national holiday in the UK.

Beverages Canned & Tomato Products

Higher cherry production in Turkey

First projections for the 2019/20 marketing year peg the country’s total sweet and sour cherry production 41,000 tonnes above last season’s level. Increases are expected also for volumes earmarked for processing.

Turkey Production
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Cocoa Explore this Topic

Set Alert for IEG Vu Commodities :: Cocoa

Futures Review: New York cocoa rebound continues

Cocoa futures in New York are still recovering from losses seen earlier on in the week, while London contracts were non-moving in yesterday’s (August 22) close.

Cocoa Price

Weekly Review: Cocoa price still under supply pressure

A larger than expected Ivorian cocoa crop combined with growing global economic gloom to push New York futures down to five-month lows this week, almost 15% below their June highs.

Cocoa Futures

Barry Callebaut begins chocolate production at new Indonesian plant

Barry Callebaut has started manufacturing at its second chocolate plant in Rancaekek, a sub-district of Bandung, Indonesia.

Cocoa Barry Callebaut

IEG Vu: UK office closed on Monday, August 26

There will be a limited service on IEG Vu on Monday, August 26 due to a national holiday in the UK.

Beverages Canned & Tomato Products

Futures Review: Cocoa perks back up

Cocoa futures in both New York and London settled higher yesterday (August 21) after dipping back to lows on Tuesday’s (August 20) close.

Cocoa Price

Need to adhere to revised German packaging laws

The USDA has highlighted the need for food and drink exporters to be aware of the more environmentally-sensitive packaging requirements in Germany.

Germany Beverages
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Coffee Explore this Topic

Set Alert for IEG Vu Commodities :: Coffee

Weekly Review: Can coffee achieve another late summer rally

Trade chatter that the next (2020) Brazilian crop might have been damaged more than thought by recent cold weather combined with a bounce in the country’s currency to lift values off the three-month lows seen earlier this week.

Coffee Arabica

Brazil's 2019/20 coffee harvest nears end

Brazilian coffee farmers have basically finished harvesting the 2019/20 crop, local consultancy Safras & Mercado said.

Coffee Arabica

Futures Review: Arabica coffee continues recovery

Arabica futures in New York extended their recovery from a three-month low of 93.40¢/lb set on Thursday.
Futures Coffee

IEG Vu: UK office closed on Monday, August 26

There will be a limited service on IEG Vu on Monday, August 26 due to a national holiday in the UK.

Beverages Canned & Tomato Products

Need to adhere to revised German packaging laws

The USDA has highlighted the need for food and drink exporters to be aware of the more environmentally-sensitive packaging requirements in Germany.

Germany Beverages

Brazil’s Cooxupé lowers coffee crop expectations

Brazilian coffee coop Cooxupé will receive less coffee than initially expected in 2019/20, following declines in output and quality, its president Carlos Augusto Rodrigues de Melo said.

Coffee Brazil
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Dairy Explore this Topic

Set Alert for IEG Vu Commodities :: Dairy

Brexit uncertainty blamed for stagnating Italian food exports

Italy’s overall food exports stagnated in June for the first time this year, mainly due to a 17.1% drop in sales to the UK, which was caused partly by a devaluation of the British pound, said Italy’s farmers’ group Coldiretti, which reiterated its warning of an impending crisis in the case of a No Deal Brexit.

Italy Brexit

Mengniu Dairy closes important deal in Uruguay

China's Mengniu Dairy closed a deal with Uruguay’s National Milk Producers Cooperative (Conaprole) in order to facilitate trade between the two countries.

Mengniu Uruguay

IEG Vu: UK office closed on Monday, August 26

There will be a limited service on IEG Vu on Monday, August 26 due to a national holiday in the UK.

Beverages Canned & Tomato Products

Bulgarian dairy industry en route to stability

Increasingly larger operations, improved milk yield averages, industry consolidation and declines in the number of small subsistence farms continued being the main trends in Bulgaria's dairy industry last year.

Bulgaria Milk

Brazilian dairy imports fall in July

Brazilian dairy product imports fell by 9.3% in July from the previous month to 10,193 tonnes, according to Cepea.

Brazil Dairy

Need to adhere to revised German packaging laws

The USDA has highlighted the need for food and drink exporters to be aware of the more environmentally-sensitive packaging requirements in Germany.

Germany Beverages
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Dried Fruit & Nuts Explore this Topic

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

Philippine coconut processor set to expand powder nut milk production

The Philippine coconut processor Axelum Resources is set to expand its coconut milk powder offer through its main factory in Davao island (southern Philippines).

Nut Milks Philippines

Brexit uncertainty blamed for stagnating Italian food exports

Italy’s overall food exports stagnated in June for the first time this year, mainly due to a 17.1% drop in sales to the UK, which was caused partly by a devaluation of the British pound, said Italy’s farmers’ group Coldiretti, which reiterated its warning of an impending crisis in the case of a No Deal Brexit.

Italy Brexit

US macadamia crop value estimate downgraded

The 2019 macadamia crop value is expected to reach around USD42 million in the 2019-2020 season in Hawaii, 22% less than in the previous season, according to the domestic grower association (HMNA).

Macadamias United States

Russia allows access to US peanuts

US peanuts have regained access to the Russian market, with the ban expected to be lifted in three days, Rosselkhoznadzor said.

Russian Federation Peanuts

IEG Vu: UK office closed on Monday, August 26

There will be a limited service on IEG Vu on Monday, August 26 due to a national holiday in the UK.

Beverages Canned & Tomato Products

John B. Sanfilippo & Son reports better incomes despite sales fall

The US edible nut grower, processor and wholesaler John B. Sanfilippo & Son, reported a 21.5% net income increase in the financial year (FY) 2019 (June 28 2018-June 27 2019), after net sales declined by 1.4% to USD876.2 mln and sales volume increased by 1.4%.

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

Brexit uncertainty blamed for stagnating Italian food exports

Italy’s overall food exports stagnated in June for the first time this year, mainly due to a 17.1% drop in sales to the UK, which was caused partly by a devaluation of the British pound, said Italy’s farmers’ group Coldiretti, which reiterated its warning of an impending crisis in the case of a No Deal Brexit.

Italy Brexit

Chile to process fewer cherries

The Chilean processed cherry sector has shrunk further, shadowed by the sharp increase in profitably for the fresh sector, the USDA reports.

Chile Production

US apple harvests are increasing year by year

Four of the last six US apple harvests rank in the top 10 of historical production, including the record 2014 harvest. This year’s harvest is forecast at 253,095 bushels, equivalent to 4.82 million tonnes, US Apple Association director Mark Seetin told delegates at this year’s USApple conference in Chicago.

United States Fresh Fruit & Vegetables

Hungarian sweetcorn harvest moving forward steadily

The first sweetcorn crop in Hungary ended on adequate levels in late July, with the harvest of the second crop starting in late August, to last until late October.

Europe Hungary

IEG Vu: UK office closed on Monday, August 26

There will be a limited service on IEG Vu on Monday, August 26 due to a national holiday in the UK.

Beverages Canned & Tomato Products

Higher cherry production in Turkey

First projections for the 2019/20 marketing year peg the country’s total sweet and sour cherry production 41,000 tonnes above last season’s level. Increases are expected also for volumes earmarked for processing.

Turkey Production
See All

Frozen Foods Explore this Topic

Set Alert for IEG Vu Commodities :: Frozen Foods

Brexit uncertainty blamed for stagnating Italian food exports

Italy’s overall food exports stagnated in June for the first time this year, mainly due to a 17.1% drop in sales to the UK, which was caused partly by a devaluation of the British pound, said Italy’s farmers’ group Coldiretti, which reiterated its warning of an impending crisis in the case of a No Deal Brexit.

Italy Brexit

Polish sour cherry price eases on a lower demand from the juice sector

The Polish sour cherry shortage has led to a two-tier market characterised by relevant price differences between high- and low-quality products, IEG Vu has learned.

Frozen Foods Price

Chile to process fewer cherries

The Chilean processed cherry sector has shrunk further, shadowed by the sharp increase in profitably for the fresh sector, the USDA reports.

Chile Production

Hungarian sweetcorn harvest moving forward steadily

The first sweetcorn crop in Hungary ended on adequate levels in late July, with the harvest of the second crop starting in late August, to last until late October.

Europe Hungary

IEG Vu: UK office closed on Monday, August 26

There will be a limited service on IEG Vu on Monday, August 26 due to a national holiday in the UK.

Beverages Canned & Tomato Products

New funds for Canadian wild blueberry

The Canadian minister of agriculture has announced the deployment of CAD800,000 (USD601,720) to support the honey bee sector in Atlantic Canada to help pollinating wild blueberries in the region.

Frozen Blueberries Canada
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Grains & Feed Explore this Topic

Set Alert for IEG Vu Commodities :: Grains and Feed

Weekly Review: Will cheap corn stir imports?

Plummeting corn values have slowed US farmer selling and encouraged some key importers like South Korea and Mexico to take on a bit more stock recently, but the frequently moribund export market may need to wake up more to stem the price decline, analysts say.

Futures Ukraine

Weekly Review: Demand doubts eroding wheat prices

Barely routine import demand has continued to erode wheat prices into the peak Northern Hemisphere harvest period keeping key exporters worried about what seems to be shaping up as a highly competitive market ahead.

Futures Russian Federation

IEG Vu: UK office closed on Monday, August 26

There will be a limited service on IEG Vu on Monday, August 26 due to a national holiday in the UK.

Beverages Canned & Tomato Products

US Futures Review: Corn edges higher as crop tour results roll in

Corn futures posted slight gains Thursday.
Corn Futures

US Futures Review: Winter wheat contracts gain

Winter wheat futures were higher Thursday while Minneapolis contracts finished with losses.

Wheat Corn

US Futures Review: Soybeans drift lower as new crop exports remained behind year ago

Soybean futures ended lower Thursday as sluggish new crop exports weighed on soybean futures. Soybean meal futures and soybean oil futures also ended lower. September soybean futures were 4 1/2 cents lower at USD8.56.

Soy Futures
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Meat & Livestock Explore this Topic

Set Alert for IEG Vu Commodities :: Meat and Livestock

Latest From Meat & Livestock

EU pig prices hit fresh highs as Chinese woes continue

The EU pig market is once again heading strongly upwards, with increasing domestic demand and continuing strong Chinese export demand exerting upward pressure on prices.

EU Hogs & Pork

Ukraine gains access to Japanese poultrymeat market

Japanese and Ukrainian authorities have agreed on veterinary certificates, allowing Ukrainian poultry exports to commence to Japan, according to the State Food and Beverage Service.

Japan Ukraine

EU broiler prices hold steady; egg prices rise again

European broiler prices have held steady over the past week, sustaining the more stable market patterns noted over recent weeks.

Poultry Eggs

IEG Vu: UK office closed on Monday, August 26

There will be a limited service on IEG Vu on Monday, August 26 due to a national holiday in the UK.

Beverages Canned & Tomato Products

Bulgarians turning to poultry as ASF puts dent in pork supplies

Bulgarian poultry production should expand again this year as the sector fills gaps in pork supplies, which have been hit by outbreaks of African Swine Fever (ASF).

Bulgaria Poultry

Half of layer hens still held in caged production systems, EU data shows

The proportion of EU egg output which is being produced to enhanced welfare standards is growing strongly – but it still accounts for only around half of the EU’s total layer hen flock, according to latest European Commission figures.

Eggs Poultry
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Oils & Oilseeds Explore this Topic

Set Alert for IEG Vu Commodities :: Oils and Oilseeds

Weekly Review: Rapeseed – range bound for now?

The tightening range Winnipeg canola futures have been trading in this month suggests the market has absorbed most this season’s known supply shocks.

Futures Rapeseed

Weekly Review: Palm steadies up on production slowdown

Ideas that Malaysia’s August palm oil production will fall short of expectations helped prices on the Bursa futures market struggle off an earlier dip caused by fears the country’s strengthening ringgit currency was hampering export sales.

Futures Palm Oil

Weekly Review: Soy – US weather back in play

Changeable US weather reports have kept soy values in erratic, mostly range-bound mode in the past week at levels surprisingly close to those seen this time last year – before the full extent of current surplus was clear.

Futures United States

IEG Vu: UK office closed on Monday, August 26

There will be a limited service on IEG Vu on Monday, August 26 due to a national holiday in the UK.

Beverages Canned & Tomato Products

US Futures Review: Soybeans drift lower as new crop exports remained behind year ago

Soybean futures ended lower Thursday as sluggish new crop exports weighed on soybean futures. Soybean meal futures and soybean oil futures also ended lower. September soybean futures were 4 1/2 cents lower at USD8.56.

Soy Futures

US farmer tensions boil over at crop tour

Tensions in the US between farmers and government boiled over on August 21, with the USDA pulling its staff from a popular crop tour after a member of USDA staff received an unspecified threat of violence from a farmer not related to the tour.

United States Corn
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Spices & Exotics Explore this Topic

Set Alert for IEG Vu Commodities :: Spices and Exotics

IEG Vu: UK office closed on Monday, August 26

There will be a limited service on IEG Vu on Monday, August 26 due to a national holiday in the UK.

Beverages Canned & Tomato Products

Hong Kong riots impact New Zealand manuka honey processor results

The manuka honey processor Comvita, listed on the New Zealand stock market, suffered a loss after tax of around NZD7.6 million (USD4.8 mln) in the 2019 financial year (July 2018-June 2019 ) due to a fall in sales during June as a result of riots in Hong Kong, the company noted.

Honey Hong Kong

Indian turmeric price stabilises

The Indian spot fob price stabilised around INR6,800 per quintal (USD120/quintal) between July 23 and August 21 at Nizamabad market.

Turmeric India

Peruvian ginger exports fall y-o-y

Peruvian ginger exports fell by 18.6% in volume to 11,075 tonnes and by 8.8% in value to USD18.3 million between January and July 2019 compared with the same period the previous year.

Ginger Peru

Guatemala closed first half with record export values for cardamom

Guatemalan cardamom exports increased by 49.8% in value to USD335.5 million and by 7.2% in volume to 21,190 tonnes in H1 2019 compared with the same period the previous year.

Cardamom Guatemala

IEG Vu Prices Briefing: Crop pressure, economy jitters weigh on cocoa and corn

Cocoa and corn futures came under pressure last week as buyer support was hit by higher crop outlooks and jitters over the global economy. Markets for French butter and Indian guar gum also dipped, but prices for Spanish peaches and German pork edged higher.

International Beverages
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Sugar Explore this Topic

Set Alert for IEG Vu Commodities :: Sugar

Russia's sixth beet test shows record sugar yield

The sixth sugar beet test for 2019, carried out on August 21, showed beet and sugar content growth close to the long-term averages during the past 10 days, keeping harvest prospects way above normal, according to data released by the Russian Sugar Producers Union (Soyuzrossakhar).

Sugar Beet Sugar

Netherlands' sugar beet campaign to start on September 6

Suiker Unie will launch the 2019/20 beet campaign at its Dinteloord sugar factory on September 6 and at Vierverlaten on September 10, the company announced.

Netherlands Sugar

Second Belgian ISCAL beet test shows better sugar yield than 18/19 but yet below average

The second beet test of the 2019/20 season conducted at ISCAL Sugar on August 19 showed a healthy sugar content rise since the first test (compared to an abnormal sharp decrease in the same period last year), elevating it above the five-year average.

Belgium Sugar

Futures Review: Sugar posts modest gains

Raw sugar futures in New York ended somewhat higher as the market climbed to a nearly one-week high.

Futures Sugar

IEG Vu: UK office closed on Monday, August 26

There will be a limited service on IEG Vu on Monday, August 26 due to a national holiday in the UK.

Beverages Canned & Tomato Products

UAE to expand list of taxable products to sugary drinks

The UAE cabinet has decided to expand list of taxable products, among others, to any product with added sugar or other sweeteners starting from January 1, 2020.

United Arab Emirates Carbonates
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