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Commodities

Beverages Explore this Topic

Set Alert for IEG Vu Commodities :: Beverages

Italian mineral water brand signs distribution deal with Danone

Italian-based mineral water brand Ferrarelle has announced a distribution agreement with French multinational Danone.

Danone Italy

Special Report: The world is looking beyond India for supplies of mango purée

Mangoes are grown all over the world, yet the number of countries producing mango purée and/or juice for sale on global markets is quite small.

India Pakistan

Slovenian brewery offloads its soft drinks operation

Slovenia's largest brewer Pivovarna Lasko Union has sold its soft drinks production unit Vital Mestinje to the country’s beverages producer Dana for an undisclosed sum.

Slovenia Commercial

Covid-19: Upmarket CSD and mixer drinks maker sees off-premise trade surge

In the UK, for the four weeks ending April 19, off-trade sales rose by 24% annually in the first full month of lockdown.

United Kingdom Commercial

Polish fresh apple exports tumble as coldstore inventories dwindle

Poland exported 40,880 tonnes of fresh apples in March, half the volume that the country exported in February. The months of January through March are traditionally the peak months for fresh apple exports

Poland Fresh Fruit & Vegetables

Thai pineapple juice prices jump again as summer crop processing ends early

The price of Thai pineapple juice concentrate, while variable according to a number of factors, seems to have risen to USD2,100 per tonne fob.

Thailand Beverages
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Canned & Tomato Products Explore this Topic

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

Spanish canned seafood industry association predicts consumption will fall

Despite sustained growth experienced during 2019 for Spanish seafood canned products, uncertainty in the post Covid-19 context is expected to impact demand, according to the Spanish seafood canning industry body Anfaco-Cecopesca.    

Europe Canned & Tomato Products

Italy, higher supply and demand for organic tomato

In the last three years, consumption of organic tomato has grown by 15% in volume and 20% in value, and this cultivar represented in 2019 8% out of the total cultivated area of tomato for processing.

Italy Canned & Tomato Products

California tomato processing capacity to shrink

Tomato processing capacity is expected to drop by 13% to 2.09 million pounds per hour following the closure of the Olam and Mizkan America processing and packaging plants.

United States Canned & Tomato Products

Thai sweetcorn raw material recovery expected in Q3

The Thai sweetcorn raw material shortage situation, impacted by drought this year, is foreseen to slightly improve in June as isolated heavy rains started in week 17 across the country. The rainfall peak in the country is expected in Q3.  

Asia Pacific Canned & Tomato Products

Pacifical to lose single lead in the PNA MSC tuna supply

Papua New Guinea's Fishing Industry Association (FIA) recently achieved Marine Stewardship Council (MSC) sustainable certification in both its Archipelagic Waters (AW) and Economic Exclusive Zone (EEZ) for skipjack and yellowfin, a timely move in the context of increasing eco label canned tuna demand in Europe. 

Asia Pacific Europe

China poised for a bumper tomato crop

Chinese production of tomato for processing is expected to recover this season thanks to an increase in the planted area and the restart of processing plants.

China Canned & Tomato Products
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Cocoa Explore this Topic

Set Alert for IEG Vu Commodities :: Cocoa

Weekly Review: Cocoa questions still for demand and supply

The International Cocoa Organization’s latest statistical bulletin offered scraps for bulls and bears in the form of trimmed crop estimates but lower grind too, resulting in a slightly smaller global deficit than seen in its previous forecast.

Cocoa Price

Futures Review: Cocoa prices settle mixed with London at a 4-week low

Cocoa prices on Thursday (June 4) settled mixed with London cocoa at a 4-week low, on strength in GBP/USD.

Cocoa Futures

Cargill ends public reporting of quarterly results

Privately held US agribusiness Cargill said it will no longer issue public releases on quarterly earnings, halting the disclosures that the company has provided since 1996.

Cargill Financial Results

Futures Review: Cocoa prices are undercut by ample Ivory Coast production

Cocoa prices on Wednesday (June 3) settled mixed as they saw some underlying support from the new 2½-month low in the US dollar index but were undercut by ample supplies.

Cocoa Futures

Ivorian cocoa arrivals decline softens

Cocoa arrivals into Ivorian ports are still below year-ago levels this week, though volumes fell by a smaller percentage, exporters estimated.

Cocoa Côte d'Ivoire

Global cocoa grindings set for decline

The ICCO’s has estimated a global drop in cocoa grindings for the 2019/20 season, its first annual decline since 2016.

Cocoa Demand
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Coffee Explore this Topic

Set Alert for IEG Vu Commodities :: Coffee

Weekly Review: Coffee clambers off 7½ month lows

New York Arabica futures continued two-way trade on day-to-day sentiment.

Coffee Futures

Brazil's coffee harvest progress hit 23% by June 2

Coffee producers have harvested 23% of the total planted area for the 2020/21 crop by June 2, less than the 30% level seen in the same period a year ago, local consultancy Safras & Mercados said.

Coffee Arabica

Futures Review: Coffee declines on weaker Brazilian real

Coffee futures settled lower amid a renewed weakening of the Brazilian currency. A recent strengthening of the Brazilian real had been a supportive factor earlier this week.

Futures Coffee

Colombian coffee production rises 6.4%

Colombian coffee output was up by 6.4% year-on-year in May, the National Federation of Coffee Growers (Fedecafe) said.

Colombia Coffee

Brazilian Cooxupe’s coffee harvest progress behind last year’s

Brazilian coffee cooperative Cooxupe said that its producers harvested 8.9% of the planted area by May 29, compared with 11.7% in the same period of 2019.

Brazil Coffee

Futures Review: Brazilian real strength supports arabica coffee

Arabica coffee futures advanced aided by a surge of the Brazilian real to a two-month high of 5.06 against the US dollar, potentially slowing sales from the world's top coffee exporter, with dollar-denominated global prices now less attractive in local currency terms.

Coffee Futures
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Dairy Explore this Topic

Set Alert for IEG Vu Commodities :: Dairy

Dairy Price Update: SMP futures down in Europe

SMP has showed weakness this week, with European futures down for all contracts to the end of Q3, while New Zealand’s futures exchange saw milk powders rise as 2019/20 milk season wrapped up last week.

Europe New Zealand

Saputo’s revenues hit by Covid-19 consumer shift

Saputo secured solid revenue in full year 2020, but adjusted EBITDA was significantly down in the fourth quarter (Q4) on effects of consumer demand shift amid the Covid-19 pandemic.

Saputo Dairy Products

EU offers 10-year phase-in for New Zealand dairy TRQs

The European Union is offering New Zealand preferential access for up to 6,000 tonnes of butter and up to 15,000 tonnes of cheese under the terms of the planned EU-New Zealand free trade agreement, IHS Markit can reveal.

Trade Agreements Butter

Argentine milk output and prices rise y-o-y

Argentina’s milk production and prices grew in yearly comparisons this April, according to the Argentine Dairy Directory, linked to the country's Ministry of Agriculture (DNL-MAGyP).

Argentina Milk

Mexican dairy industry expects slowdown on economic difficulties

Despite an expected slowdown in the Mexican dairy industry due to the economic crisis, production is to continue slow growth, stimulated by consumption and retail demand.

Mexico Milk

Covid-19 drives lower dairy trade balance in Brazil

Brazilian dairy imports and exports saw a reduction in April, with Covid-19 restrictions and currency exchanges likely to have impacted the number of sales, according to the Foreign Trade Secretariat (Secex).

Dairy Brazil
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Dried Fruit & Nuts Explore this Topic

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

Macadamias and almonds at the core of health launches

Macadamias and almonds are showing its growing relevance in health consumption. Companies are offering new products during confinement.

Macadamias Spain

Mozambique to change its agricultural strategy

The Mozambican government has announced the inclusion of oilseeds in its agricultural policy, splitting the Cotton and Cashew Instituto into two new departments: the Cotton and Oilseed Institute (IAOM) and the Institute of Nuts (IAM).

Macadamias Sesame Seed

Turkish hazelnut prices increasing rapidly

Turkish domestic hazelnut prices are rising rapidly, mainly due to negative expectations for the new crop quantity as a result of the frost damage experienced this March.

Hazelnuts Turkey

Challenges for Chilean raisins

Due to the drought in Chile over the last year, it is estimated that many of the country’s raisin packers have around 30% less product to offer.

Dried Vine Fruit Coronavirus

Chile strengthens its chestnut exports

Chile exported 3,000 tonnes of chestnuts, worth USD30.3 million, 71% more in volume and 10 times more in value than in 2018. 

Chestnuts Chile

Macadamia market still gives cause for concern

The Australian Macadamia Society (AMS) recently announced that the crop forecast remains unchanged at 36,500 tonnes. However, this is a relatively low output.

Macadamias Kenya
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Fresh Fruit & Veg Explore this Topic

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

Polish strawberry crop might be at the same level of 2019

Final volumes of strawberry in Poland should be close to last season’s levels, the Institute of Agricultural and Food Economics (IERiGŻ) reported.

Poland Frozen Foods

Special Report: The world is looking beyond India for supplies of mango purée

Mangoes are grown all over the world, yet the number of countries producing mango purée and/or juice for sale on global markets is quite small.

India Pakistan

Cambodia agrees phytosanitary agreement with China

Cambodia will soon export mangos to China. The two countries are scheduled to ink a protocol on phytosanitary for mango export on June 9 in Phnom Penh, according to the Chinese Embassy in Cambodia.

Cambodia Fresh Fruit & Vegetables

Poland enables legislation to allow production of dried mushrooms

The Polish ministry of health has pubilished a draft amended regulation enabling producers to manufacture various dried mushroom products.

Poland Fresh Mushrooms

Ukraine’s frozen berries exports strengthen in 2020

The Covid-19 pandemic has not halted export of frozen fruit from Ukraine as the country has recorded a 20% increase in volume and 37% in value in the first four months of 2020.

Ukraine Fresh Fruit & Vegetables

Australian organic raisin processor reports strong raisin campaign

Murray River Organics Group (MRG), the largest Australian organic dried fruit processor, has completed 95% of its dried vine fruit production and has already sold 70% of the expected 2020 raisin crop.

Organics Australia
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Frozen Foods Explore this Topic

Set Alert for IEG Vu Commodities :: Frozen Foods

Polish strawberry crop might be at the same level of 2019

Final volumes of strawberry in Poland should be close to last season’s levels, the Institute of Agricultural and Food Economics (IERiGŻ) reported.

Poland Frozen Foods

Ukraine’s frozen berries exports strengthen in 2020

The Covid-19 pandemic has not halted export of frozen fruit from Ukraine as the country has recorded a 20% increase in volume and 37% in value in the first four months of 2020.

Ukraine Fresh Fruit & Vegetables

Polish sour cherry growers forecast higher prices

Growers’ organisations project a sharp decline in production due to adverse weather conditions hinting at a price increase, but traders and processors think otherwise.

Poland Frozen Foods

Agribusiness Covid-19 Podcast: June 2

Stay abreast of the latest developments in the global agriculture and food markets influenced by Covid-19 by listening to our IHS Markit Agribusiness podcast.

Coronavirus Beverages

Camposol Q1 2020, higher sales and lower EBITDA

The Peruvian food trader and processor, Camposol, reported a year-on-year decline for EBITDA from USD6.3 million to USD3.7 mln, while sales rose by 12.3% to USD63.6 mln.

Peru Frozen Foods

Polish strawberry growers lament low prices

Frost, drought and labour shortage are not enough to convince the Polish fruit industry to pay more for their raw material as first quotes for strawberry for processing circulating in the country are on the low side.

Poland Frozen Foods
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Grains & Feed Explore this Topic

Set Alert for IEG Vu Commodities :: Grains and Feed

US Futures Review: Corn gains on short covering

Corn futures closed higher on Friday on short covering.

Corn Futures

US Futures Review: Wheat slides lower into the weekend

Wheat futures ended the week lower on harvest pressure and a stronger dollar.

Wheat Futures

Weekly Review: Ethanol rally, firm wheat cushion impact of ample corn

While still worried about a potentially excessive US crop, CBOT corn prices have continued to draw support from a steadily rallying domestic corn ethanol sector and latterly, firmer wheat, a partial rival for animal feed demand.

Corn Futures

Weekly Review: Wheat awaits Northern Hemisphere harvest clarity

Dry weather issues in several regions continued to demand caution towards the coming season’s bumper global crop forecast, supporting rises in most wheat price indicators this week.

Wheat Futures

US Futures Review: Wheat, soy gains support a rise in corn futures

Corn futures closed higher on Thursday on spillover strength from soybeans and wheat.

Corn Futures

US Futures Review: Weather again supports wheat futures

Wheat futures rallied higher as weather again was a supportive factor for all three markets.

Wheat Futures
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Meat & Livestock Explore this Topic

Set Alert for IEG Vu Commodities :: Meat and Livestock

Latest From Meat & Livestock

Brazilian pork and poultry update: Exports sustain prices amid Covid constraints

Brazil’s pork and poultry markets weakened slightly in the final week of May as robust export sales offset softening demand on the domestic market.

Brazil Hogs & Pork

Weekly update: European lamb prices ease, but market remains firm

Lamb prices in Europe have eased back over the past week, but they remain generally firm overall, as the gradual easing of lockdown restrictions in some countries gives a boost to demand.

EU Sheep & Goats

EU poultry prices stabilise as Polish crisis eases

European broiler prices have stabilised in recent weeks, with prices rising over the past week to largely cancel out the losses recorded the previous week.

EU Poultry

China sales lift Portuguese pork exports to Q1 record

Strong sales to China helped lift Portuguese pork exports to record levels in the first quarter of this year.

Portugal China

Over 40% of Europeans cutting back on red meat consumption – report

More than 40% of Europeans say they are reducing red meat consumption, but a chunk of the remaining consumers are still unwilling to eat less, according to a new report.

EU Cattle & Beef

Former US chicken company execs indicted for price-fixing

A federal grand jury has indicted four current and former chicken company executives on charges of price-fixing, finding they conspired to “suppress and eliminate competition” by rigging bids and fixing prices for broiler chickens.

United States Legal
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Oils & Oilseeds Explore this Topic

Set Alert for IEG Vu Commodities :: Oils and Oilseeds

US Futures Review: Soybean futures post strong weekly gain as export sales continue

Soybean futures were steady to higher for a fourth straight session, with the nearby July contract closing steady at $8.67 3/4 per bushel.

Soy Futures

Mozambique to change its agricultural strategy

The Mozambican government has announced the inclusion of oilseeds in its agricultural policy, splitting the Cotton and Cashew Instituto into two new departments: the Cotton and Oilseed Institute (IAOM) and the Institute of Nuts (IAM).

Macadamias Sesame Seed

Weekly Review: Mixed trends for rapeseed markets

Canadian and European rapeseed futures trends diverged this week as Winnipeg sagged to the bottom of its recent tight range, then rallied, while Paris rose before softening again.

Rapeseed Futures

Weekly Review: Tighter outlook talks has palm bears on the run

The long embattled palm oil market was getting a more bullish makeover this week, prices hitting two-month highs amid talk of lower than expected May production and recovering export trade.

Palm Oil Futures

Weekly Review: Surprise China buys lift soy price

Just when exporters were starting to write off hopes of Chinese business, a series of fresh purchases has helped lift the CBOT nearby futures price off the floor.

Soy Price

US Futures Review: Soybean futures extend gains on export developments

Soybean futures gained for a third straight session with the nearby July contract up 10 1/4 cents to $8.67 3/4 per bushel.

Soy Futures
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Spices & Exotics Explore this Topic

Set Alert for IEG Vu Commodities :: Spices and Exotics

Concerns about illegal sales of cloves in Zanzibar

The government of the Tanzanian state of Zanzibar claimed that many traders are buying cloves directly to farmers. 

Cloves Tanzania

Spain modifies law to clarify honey origins

Spain’s Council of Ministers has approved a new Royal Decree that modifies an existing Royal Decree on the quality standard for honey, in order to provide consumers with more detailed information on the origin of honey products.

Honey Spain

Mozambique to change its agricultural strategy

The Mozambican government has announced the inclusion of oilseeds in its agricultural policy, splitting the Cotton and Cashew Instituto into two new departments: the Cotton and Oilseed Institute (IAOM) and the Institute of Nuts (IAM).

Macadamias Sesame Seed

Poland enables legislation to allow production of dried mushrooms

The Polish ministry of health has pubilished a draft amended regulation enabling producers to manufacture various dried mushroom products.

Poland Fresh Mushrooms

Australian organic raisin processor reports strong raisin campaign

Murray River Organics Group (MRG), the largest Australian organic dried fruit processor, has completed 95% of its dried vine fruit production and has already sold 70% of the expected 2020 raisin crop.

Organics Australia

Covid-19: Indian railway company launches spice transport service to Bangladesh

The Indian company South Central Railway (SCR) reported that it is transporting spices between the state of Andhra Pradesh (South) and Bangladesh.

Chilli Bangladesh
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Sugar Explore this Topic

Set Alert for IEG Vu Commodities :: Sugar

Weekly Review: Specs scent gains for sugar

Speculative funds raised bets on firmer sugar prices this week, helping to drive nearby raw futures to their highest level since mid-March.

Sugar Futures

Mexico's sugar cane crush enters final stretch

Mexico produced 82,910 tonnes of sugar, tel quel, in the week ended May 13, down from 90,890 in the previous week and compared with 108,466 in the same week last year, industry data showed.

Mexico Sugar

Russia's sugar beet sowing slows to a trickle

Farmers had sown 931,500 ha to sugar beet by June 4, Ministry of Agriculture data show.

Russian Federation Sugar

Futures Review: Sugar rises for 5th straight day, whites hit 3-month high

Raw sugar futures in New York rose to a fresh 2-1/2-month high as market sentiment has turned more friendly recently.

Sugar Cane Sugar

Australian sugar cane crush starts for MSF

Northern Australia’s annual sugar cane harvest kicks off, according to MSF Sugar.

Australia Sugar

Philippines sugar output rises y-o-y

Sugar production in the Philippines week ended May 10 amounted to 47,840 tonnes, raw value, up from 19,903 tonnes in the same period a year ago, SRA data showed.

Philippines Sugar
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