Global Outlook 2019
The past 12 months have been about the most volatile that anyone in agri-industry could ever want to avoid. In our Global Outlook for 2019, IEG Vu staff have made their own forecasts and estimates for the coming 12 months in their assessments of the product sectors they cover.
March corn closed unchanged at USD3.74 3/4 on Friday as traders squared away positions ahead of holiday weekend.
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.
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.
Previous Market Reviews
Dried Fruit & Nuts 2018
The industry is experiencing an unsteady scenario, where deep price changes, currency devaluations and subsidies for affected growers are common: none of them healthy trends in the global market. However, are we witnessing a transitional period into a new global scenario, painful but, at the same time, fascinating and full of opportunities?
SIAL is Europe’s largest international food and beverage trade exhibition in 2018 and is one of the most important food shows in the world. True, it has a large French component, but then you would expect it to, as France is such a huge supplier of food and wine to the world. This year, 155,000 visitors are expected.
Chile: a glimpse into the near future – a country that already produces almost every sort of agro-industrial product. Products that flow from this country to others all over the world; top quality, certified to the highest standards, completely traceable and processed under clean production rules using sustainable energy sources. Chile has signed free trade agreements with half the world and is working on the other half. 90% of the above is already in place and the country’s food industry plans, no, promises that the final building blocks (sustainability, clean production, recyclability) will be in place in a few years.
Half Year Outlook 2018
A review of agricultural commodity markets in H1 2018.
A couple of years ago, Foodnews (now part of IEG Vu) speculated on “the death of juice” and concluded that, despite all the doomsayers, the industry was fundamentally healthy and still had a bright future.
Perhaps it is time to reassess this…
Canned and Tomato 2018
Canned food has survived two centuries and as many World Wars, but this old-fashioned product may succumb to millennials’ health and environmental-oriented consumption trends. It is time for the industry to prove it can do better: it is a good time for a change…
Food and beverage commodity buyers worldwide are being more adventurous in their sourcing. There is also the looming possibility of a trade war with the US as the EU considers tariffs on food and drink products. The euro makes trading relatively simple, especially within the euro-zone itself and, despite exchange rate controls, inflation, and political unrest in some countries still, the Mediterranean is probably the most concentrated source of more quality food and drink products than anywhere else on the planet.
Global Outlook 2018
A new and expanded issue of the annual Global Outlook for 2018, making informed analytical forecasts on a wide variety of commodities.
IEG’s Vu’s practical and personal guide and preview to the world’s largest food exhibition taking place in Cologne, Germany in October 2017.
Chile - The power in the South…What we are seeing now is the emergence not just of a global food power, but a food power built on low emissions, sustainable farming, and completely renewable energy sources. That really is something new.
South Africa 2017
This is the powerhouse of Africa’s food and beverage industry. There are (many) other countries on the African continent with larger populations, others with impressive production of raw fruits and vegetables, but none with such a well-integrated and technologically sophisticated national industry. South Africa exports all over Africa.
It’s hard to recall such a contradictory period in the juice industry’s recent history. Juices either seem to be in general oversupply, with weak prices and little signs of them increasing, or else in incredibly short supply with suitably stratospheric offers from producers.
Half Year Outlook 2017
Many of the processed food commodity sectors have shown the usual volatile tendencies over the first half of this year. On the supply side, some areas have staged a recovery from earlier difficulties while others remain problematic. In view of the scope of our coverage this is to be expected: it would be unrealistic to expect plain sailing across all waters.
Canned & Tomato 2017
In spite of the projected difficult economic background, the canned tomato sector should go through the coming season unscathed thanks to low inventories and stable demand. In other canned foods, the problem areas include pineapple, where Thailand’s traditional boom-and-bust cycle is now entering a severe ‘bust’ phase, with raw material prices at break-even level for the farmers.
Dried Fruit & Nuts 2017
The world political canvas has changed beyond belief over recent months. For a start, we have the UK gradually making moves towards its eventual exit from the EU, and in the US we have the bizarre situation of a business entrepreneur/former reality TV star with no previous political experience now firmly ensconced in the White House.
Global Outlook 2017
2016 was a year of extraordinary gluts and shortages in the food commodities covered by Foodnews. In an industry that is known for volatility, partly due to the weather, partly due to changing consumer tastes and partly due to politics, the past year, like the one before it, was notably unstable.
SIAL - Europe’s largest food exhibition in 2016, and one of the most important food shows in the world.
In this year’s Chile supplement, you can read about the Chilean government’s success in helping lift the country’s food and drink exports to the point where the country is now one of the world’s top 10 food exporters.
Half Year Global Outlook 2016
In a half-year in which there has been more than enough instability on a wide variety of markets and products, the last thing the world needs is an added helping of politically-motivated uncertainty.
Spain & Alimentaria 2016
The premier Spanish show attracts nearly as many visitors as Anuga.
While trading in most juices remains quiet, buyers and sellers are faced with juices that are either in over-supply (blackcurrant, cranberry, probably apple) or which are ridiculously scarce and expensive (lemon, passion fruit, raspberry and pineapple).
Canned & Tomato 2016
Canned food manufacturers have to put up with rising costs while trying to convince buyers that they have to pay more for a product category, which realistically speaking, has little scope for growth.
Global Outlook 2016
The word used to describe almost every market and product covered by FoodNews over the last 12 months would seem to be 'volatile'.
Chile has undergone what one of its governmental associations, ProChile, described to us as an “agroindustrial revolution”. This is no overstatement: the country’s food and drink industry has seen growth of such a scale that others can only dream of.
Those who have been to Anugas previous will know what to expect. Those who have not are in for a shock. Last year, Anuga attracted 6,777 exhbitiors from 98 countries, occupying a combined stand space of 284,000 sq.m. The organisers welcomed 154,462 trade visitors from 187 countries. The sheer size of Anuga never fails to impress.
Half Year Outlook 2015
In this supplement, the first of its kind to be published by FoodNews, we are painting a picture of where the processed fruit and vegetable industries are at this mid-point, and what is likely to happen in the second half of the year.
Are you worried about the decline in pure juice consumption? Perhaps you shouldn’t be...
Global Outlook 2015
What was the major influence on many commodity prices this year? Answer: politics.
They are a bit worried in Chile. Worried about the country’s slowing growth rate, after a boom of nearly two decades, and worried for the future of the economy.
Why visit SIAL? Is the first question on the drop-down menu entitled ‘Visiting’, on the SIAL website. There will be quite a few veterans of the French exhibition who will be asking themselves the same question.
World Juice & DFN 2014
Change is the order of the day for World Juice this year with a new format, a new speaker roster, a new dinner and new content, and you can be sure that this year’s event will be like no other before it.
Juices, Canned Foods & Tomatoes 2014
It’s a tough time to be in the juice industry. From being the darling of the ‘healthy’ food lobby, fruit juice has become one of the villains…
Global Outlook 2014
There are no certainties any more. The variables are taking over. It is hard to rely on any forecasts or projections that look more than a couple of years into the future. What is bringing about this Age of Uncertainty?
Soft Drinks & Juice Data 2013
This last couple of years have been among the most fraught for the fruit juice industry. Raw material fluctuations, strange pricing and adverse publicity have all combined to make a ‘perfect storm’ for producers and customers alike.
This is the biggest, most important food exhibition in the world. The global food industry, and its customers, make their way to Cologne every two years.
Chile is a powerhouse. As far as FoodNews’ coverage goes, there is no country in the world that produces and exports so many different products.
Dried Fruit & Nuts 2013
The global dried fruit and nut industry continues to go from strength to strength, seemingly undeterred by talk of economic downturn and fears of a slowdown in consumption.
World Juice 2013
The fundamentals of wanting to meet these people and do business with them do not change, but what has changed this year is the location of the FoodNews World Juice 2013 conference. For the first time ever, FoodNews World Juice will take place in Cologne, one day before and in the same city as the Anuga trade fair.
Juices, Purees & Superfruits 2013
Fruit juices may be commoditised, and margins may be vanishingly small in some retail sectors, but there is still room for growth, and still some areas where juice can offer reasonable returns.
Canned Foods & Tomatoes 2013
Few in the canned foods and tomato products industry have been bored over the past year. From rebels storming Philippine pineapple plantations to fraud allegations flying thick and fast off the coast of Liberia, it has been an eventful few months.
40th Anniversary Supplement 2013
1973-2013. How did FoodNews come about? What values and practices have lasted from its foundation to the present day?
Global Outlook 2013
This is the third of FoodNews’ annual retrospective looks at a year in the various industries that we cover. It also includes some forecasts for what is likely to happen in 2013. This time next year, we will be looking at these and seeing just how right, or wrong, they were.
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