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Commodities

Beverages Explore this Topic

Set Alert for IEG Vu Commodities :: Beverages

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.

Beverages Poland

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.

United States Fresh Fruit & Vegetables

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.

China Commercial

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”.

Sugar Beverages

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.

Beverages United Kingdom

Germany to strengthen leadership of European organic market

German organic sales reached EUR10.9 billion (USD12.4 bln) in 2018, 5% more than in the previous year, according to the federal minister of food and agriculture, Julia Klöckner, strengthening its position as the main European organic market and the global second-largest after the US.

 

Germany Beverages
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Canned & Tomato Products Explore this Topic

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

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.

Europe United Kingdom

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.

US States Canned & Tomato Products

Germany to strengthen leadership of European organic market

German organic sales reached EUR10.9 billion (USD12.4 bln) in 2018, 5% more than in the previous year, according to the federal minister of food and agriculture, Julia Klöckner, strengthening its position as the main European organic market and the global second-largest after the US.

 

Germany Beverages

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.

International Asia Pacific

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.

Canned Sardines Russian Federation

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.

Europe Russian Federation
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Cocoa Explore this Topic

Set Alert for IEG Vu Commodities :: Cocoa

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.

Cocoa Price

Chocolatier Barry Callebaut places first promissory note loan

Chocolate maker Barry Callebaut has successfully placed its first promissory note loan known as a Schuldscheindarlehen.

Barry Callebaut Investments

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 Federation Frozen Foods

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.

Cocoa Futures

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.

Cocoa Price

Germany to strengthen leadership of European organic market

German organic sales reached EUR10.9 billion (USD12.4 bln) in 2018, 5% more than in the previous year, according to the federal minister of food and agriculture, Julia Klöckner, strengthening its position as the main European organic market and the global second-largest after the US.

 

Germany Beverages
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Coffee Explore this Topic

Set Alert for IEG Vu Commodities :: Coffee

Weekly Review: Coffee takes another hit

Ample supplies exacerbated by origin currency weakness continued to undermine attempts to revive ailing coffee futures markets.

Coffee Arabica

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.

Coffee Germany

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.

Futures Coffee

Germany to strengthen leadership of European organic market

German organic sales reached EUR10.9 billion (USD12.4 bln) in 2018, 5% more than in the previous year, according to the federal minister of food and agriculture, Julia Klöckner, strengthening its position as the main European organic market and the global second-largest after the US.

 

Germany Beverages

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.

Rwanda Coffee

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.

Coffee Arabica
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Dairy Explore this Topic

Set Alert for IEG Vu Commodities :: Dairy

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.

Russian Federation Milk

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.

Brazil Dairy

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.

United States Milk

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.

China Commercial

Adecoagro acquires Argentine milk processing plants

Adecoagro has purchased two milk processing plants in Argentina from SanCor, along with two trademarks.

Argentina Adecoagro

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.

Milk Price
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Dried Fruit & Nuts Explore this Topic

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

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.

South Africa Dried Fruit & Nuts

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.

South America Bolivia

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.

Spain Almonds

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.

Prunes Argentina

Azerbaijan innovates dried fruit market with persimmon

Azerbaijan-based Balkhoorma takes advantage of its natural production resources with dried persimmon.

Azerbaijan Europe

Germany to strengthen leadership of European organic market

German organic sales reached EUR10.9 billion (USD12.4 bln) in 2018, 5% more than in the previous year, according to the federal minister of food and agriculture, Julia Klöckner, strengthening its position as the main European organic market and the global second-largest after the US.

 

Germany Beverages
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Fresh Fruit & Veg Explore this Topic

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

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.

United States Fresh Fruit & Vegetables

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.

Europe Italy

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 Fresh Fruit & Vegetables

Germany to strengthen leadership of European organic market

German organic sales reached EUR10.9 billion (USD12.4 bln) in 2018, 5% more than in the previous year, according to the federal minister of food and agriculture, Julia Klöckner, strengthening its position as the main European organic market and the global second-largest after the US.

 

Germany Beverages

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.

Fresh Fruit & Vegetables Russian Federation

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.

Philippines Fresh Fruit & Vegetables
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Frozen Foods Explore this Topic

Set Alert for IEG Vu Commodities :: Frozen Foods

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 Federation Frozen Foods

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.

Russian Federation Milk

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”.

Sugar Beverages

Germany to strengthen leadership of European organic market

German organic sales reached EUR10.9 billion (USD12.4 bln) in 2018, 5% more than in the previous year, according to the federal minister of food and agriculture, Julia Klöckner, strengthening its position as the main European organic market and the global second-largest after the US.

 

Germany Beverages

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.

International Asia Pacific

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.

Operations Investments
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Grains & Feed Explore this Topic

Set Alert for IEG Vu Commodities :: Grains and Feed

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.

Corn Exports

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.

Wheat Futures

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.

Soy Futures

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?

Futures Soy

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.

Futures Corn

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.

Futures Wheat
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Meat & Livestock Explore this Topic

Set Alert for IEG Vu Commodities :: Meat and Livestock

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.

United States Fresh Fruit & Vegetables

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.

Netherlands Poultry

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 Cattle & Beef

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.

EU Germany

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.

EU Cattle & Beef

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.

Brazil China
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Oils & Oilseeds Explore this Topic

Set Alert for IEG Vu Commodities :: Oils and Oilseeds

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.

Soy Futures

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.

United States Fresh Fruit & Vegetables

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.

Futures Rapeseed

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.

Futures Palm Oil

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?

Futures Soy

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.

Soy Futures
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Spices & Exotics Explore this Topic

Set Alert for IEG Vu Commodities :: Spices and Exotics

Germany to strengthen leadership of European organic market

German organic sales reached EUR10.9 billion (USD12.4 bln) in 2018, 5% more than in the previous year, according to the federal minister of food and agriculture, Julia Klöckner, strengthening its position as the main European organic market and the global second-largest after the US.

 

Germany Beverages

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.

Russian Federation Beverages

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.

Essential Oils Singapore

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.

EU Fresh Fruit & Vegetables

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.

Nutmeg Indonesia

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.

Cardamom India
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Sugar Explore this Topic

Set Alert for IEG Vu Commodities :: Sugar

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?

Sugar Cane Sugar

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.

India Sugar

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.

Brazil Sugar

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.

France Sugar

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.

Sugar Futures

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”.

Sugar Beverages
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