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Spices & Exotics

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Coffee and peanuts impact on Olam’s results

Singapore-based commodities trader Olam International reported a 13.6% fall in H1 2018 profit after tax and minority interest (PATMI) compared with the same period in the previous year. This was despite revenues increasing by 11.4% to SGD13.72 billion (USD9.88 bln) and handled volume by 52.2% to 13.6 mln tonnes, due to a worse performance from the coffee, peanuts and edible oils sides of the business.

 

Singapore Olam Financial Results

Notable increase in Spanish honey price

The Spanish average honey prices ended the 2017/18 season (from April 2017-March 2018) with general increases. Bulk product prices rose by 14.47% to EUR3.30 per kilo (USD3.82/kg) for multi-flower variety and EUR4.71/kg for Honeydew in March 2018 compared with April 2017. 

Honey Spain Price
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Spices

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IEG Vu Prices Briefing: Sugar and vanilla markets cooler, milk powder values converge

Prices for Madagascan vanilla and Bolivian Brazil nuts eased back while sugar futures also lost ground last week. Firmer than expected wheat and soybean prices offered some support to corn futures. Meanwhile European prices of skimmed milk powder (SMP) and lamb are edging closer to values in New Zealand.

International Sugar

New harvests and slack demand depress Vietnamese pepper prices

The Vietnamese pepper prices have deepened their fall after being stable in the first fortnight of July, due to new harvests in Indonesia and Malaysia from July-August and slack demand in Europe and the US in August.

Pepper Vietnam

Half Year Outlook 2018: Renewed hopes for a smooth ride in vanilla market

After a very volatile market in 2017, international vanilla buyers are keenly looking for a more balanced scenario over the remainder of this year.

Vanilla Madagascar

Siggi's introduces new mixing yogurts with dried fruit and nuts

US-based Siggi’s has launched a new range of whole milk yogurt with a side portion of dried fruits and nuts.

Walnuts United States

Madagascar vanilla market cools ahead of new crop arrivals

Prices for remaining 2017 crop vanilla beans from Madagascar have been easing in recent weeks as buyers prepare for the arrival of 2018 crop cured vanilla beans over the coming months.

Vanilla Madagascar

South Korea to expand its MRL regulation

South Korea is going to increase the maximum residue limits (MRLs) for pesticides under its restriction scheme, called the Positive List System (PSL), to all imported agricultural products from December 2018 onward, to fulfil the harmonisation route map dictated by its trade agreement with the EU.

Dried Fruit & Nuts South Korea
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Exotics

Set Alert for IEG Vu Spices and Exotics :: Exotics

Siggi's introduces new mixing yogurts with dried fruit and nuts

US-based Siggi’s has launched a new range of whole milk yogurt with a side portion of dried fruits and nuts.

Walnuts United States

Australian honey industry to apply biosecurity code of practice

The Australian Honey Bee Industry Council (AHBIC) has released a biosecurity code of practice for bee health and to safeguard honey and pollination industries.

Honey Australia

South Korea to expand its MRL regulation

South Korea is going to increase the maximum residue limits (MRLs) for pesticides under its restriction scheme, called the Positive List System (PSL), to all imported agricultural products from December 2018 onward, to fulfil the harmonisation route map dictated by its trade agreement with the EU.

Dried Fruit & Nuts South Korea

Stagnation of US honey bee colonies

The honey bee colonies for operations with five or more colonies were stable at 2.69 million in H1 2018, compared with the same period in the previous year.

Honey United States

Chinese cassia and ginger oil prices to soften

Chinese ginger and cassia oil processors and growers are facing raw material over-supply and lack of cash.
China Cassia

Ukrainian honey allocated further duty-free quota in EU

Ukrainian honey will gain an additional duty-free quota for delivery to the EU with effect from October 1.

Honey Ukraine
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