Spices & Exotics
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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.
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.
Spices
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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.
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.
Brazilian agribusiness revenue falls 2% in 2018
Brazil’s agribusiness Gross Production Value (VBP) for 2018 was BRL569.8 billion (USD155.2 bln), down 2% from 2017’s record BRL582.3 bln.
Downward pressure on Indian coriander prices despite low estimated crop
Indian coriander prices have fallen in both the futures market and 2017/18 carry-over stocks.
IEG Vu Prices Briefing: Cocoa futures crumble, corn traders cautious, SMP surge stalls
Recent hikes in skimmed milk powder prices took a pause last week but New York cocoa futures plunged to new seven-week lows. High crop estimates are putting pressure on pepper markets, while inventories are weighing on pineapple juice prices in Europe and pig futures in the US.
Biofach Nuremberg to track successful organic market
The Biofach fair wants to be the key European organic showcase with its new theme for 2019: ’System Bio - on the whole healthy‘, born as the result of a call for ideas because the event wants to be a central scenario where organic players work comfortably rather than impose topics.
Exotics
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US essential oil house to certify products as non-genetically modified
The Utah-based company Young Living Essential Oils has announced that its products under the Vitality brand have been certified as non-genetically modified by SCS Global Services, under the Non-GMO Project’s standards in the US and Canada.
Low 2018/19 Argentine honey crop expected
DoTerra appoints new executive
The Utah-located company doTerra, a global leading essential oil producer, has appointed Dr. Rusell J. Osguthorpe as chief medical officer and vice president of medical and scientific initiatives, leading the healthcare and research teams.
Argentine citrus processor’s strong output
Ledesma has announced it produced 108,548 tonnes of citrus on nearly 3,000 hectares of fruit plantations in Argentina’s provinces of Jujuy and Salta, up 3,477 tonnes from 2017.
Guar gum prices look prone to upward pressure
Prices of guar gum have reduced since the end of October 2018 but are expected to increase in the coming months.
Ukraine has used up all of its honey and juice EU tariff quotas
Ukrainian exporters have exhausted all quotas for duty-free export of apple juice, grape juice and honey, as well as the main and additional quotas for corn into the EU.
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