marketreport FEBRUARY 2016

Size: px
Start display at page:

Download "marketreport FEBRUARY 2016"

Transcription

1 marketreport FEBRUARY 2016 Onion & Garlic Dehydrated Onion Market Summary 2016 US onion crop planting progressing well; El Nino having benefic impact on CA snowpack and precipitation; Chopped/ minced and ELB powder fraction availability to remain tight through mid-2016; Indian Kharif (winter) crop acreage reportedly down ~25%, but up ~10-15% in Gujarat, Maharashtra and M.P. main areas for the dehydration crop; dehydrated onion prices attractive for the moment; if monsoons are normal, weakness could extend to Q3; Egypt winter crop output down ~20%; however, fresh and dehydrated onion prices range bound momentarily, due to weak fresh market demand; EU seeing tight fresh onion availability and accompanied pricing volatility in Q driven by reduced end of season inventories and lower planted acreage in Impact likely to follow through on dehydrated onion pricing as well. USA Onion planting for the 2016 crop is currently in progress. Planted acreage is estimated to be up marginally over last year as a direct result of the shortened 2015 harvest. Planting is complete in the desert (S. California), Kern and early Westside regions. Oregon and Northern California will see planting commence in March and April. Meanwhile, the onset of El Nino this season has been quite benefic for California s agriculture as of date. December and January have seen high pressure weather systems over California s Central Valley regularly breached by moisture-heavy low pressure systems from the Pacific. Precipitation levels have been decent for this time of the year and the snow pack formation has improved. (See chart below). Reservoir levels however, are still well below normal. The forward weather outlook is cautiously optimistic. Federal water allocations for the past two years (2014, 2015) have been at an unprecedented zero percent; however, allocations for 2016 are speculated to be slightly better than last year s level. It should be noted however, that while rain will help alleviate drought conditions, several consecutive years of significant precipitation and snowpack will be needed to replenish California s aquifers and reservoirs. Buyer contracting for the season is largely complete. New contracting will start only by mid-2015.

2 California Snow pack (Feb 1, 2016) California Reservoir conditions on 3rd Feb, 2015 California Snow pack (Feb 1, 2015) California Reservoir conditions on 3rd Feb, 2016

3 India The NHRDF (National Horticultural Research & Development Foundation), in its Jan 2016 onion crop report has indicated that the overall area under cultivation for the Indian winter (kharif) onion crop is expected to be down ~25% compared to last year. However, planted acreage in Gujarat, Maharashtra and M.P. states is up 5-10% over last season. These states are traditionally the white onion growing areas, especially for dehydration. Winter crop arrivals in Maharashtra and Gujarat have started since mid-dec 2015 and the crop condition is good. Harvest has also begun in other states. Crop arrivals are robust and the trend should continue through Q1, Modal prices for fresh onion from the winter crop in the Mahuva market in Gujarat have dropped sharply from over INR 20,000 PMT (Oct 2015) to levels of ~INR 9,600 PMT (Feb 2016). Consequently, the central Govt. has reduced MEP for fresh onion exports to zero. Transplanting for the Rabi (summer) onion crop is also progressing normally. Rabi crop planted acreage is reportedly up 5-10% over last year. NHRDF estimates the Indian onion crop to be 10-15% larger than last year if there are no adverse weather events during the year and the monsoon is normal. Egypt Egypt s winter onion crop harvest started almost 3-4 weeks late owing to delayed transplanting by farmers. The overall fresh onion crop is estimated to be ~300k MT, and is ~20% smaller than the previous year s crop. Lower onion prices in 2015 and better competitive returns from other crops caused farmers to delay transplanting in Q3 and reduce acreage. Typically, ~45-50% of the fresh onion crop is sold into the local fresh onion market, ~10-17% of the crop is exported as fresh market onion and the balance 10% is typically used in the dehydration industry. The delayed crop in caught dehydrators off balance to an extent and caused a mild run on available raw material in late December, causing local prices to spike by 20-30%. Weak demand from the domestic and export fresh market however, has stabilized prices during January and enabled Egyptian dehydrated onion prices to recover. Going forward material availability is forecasted to be normal through end of Q1, 2016.

4 Europe European fresh onion carry in inventories into 2016 are expected to be lower than levels seen in a traditional year. The second half of 2015 saw a sharp increase in exports of onion driven by a favorable exchange rate. Consequently, end of season inventories are low and prices have moved up as a result. The continued export ban to Russia has forced EU growers to reduce planted acreage for China China s white onion crop has come in slight better than plan as the growing regions were not affected by adverse weather events. Production is estimated at ~16k MT. Summer crop planting is expected to be unchanged from last year. FUTURE OUTLOOK USA Supply shortfalls possible in chopped, minced and ELB fractions in H Buyers urged to work with suppliers and manage forecasts regularly to prevent stock-outs 3-5% increase in re-contract pricing likely for Early re-contracting recommended Europe Tight availability in H with corresponding pricing volatility Supply gaps to be filled from India, China and Egypt Egypt CY short winter crop could put upward pressure on pricing by the end Q1 Crop quality however is excellent, especially on color and low micro levels Short/medium term coverage should be considered, especially for low micro/premium grades India winter crop pricing and availability to be favorable to last year If monsoons are normal, lower prices could extend into H2, 2016 Medium to long term coverage should be strongly considered China Carry in Inventories are adequate Chinese RMB weakness could throw up cost saving opportunities

5 Dehydrated Garlic Market Summary Chinese dehydrated garlic prices rose sharply in mid-dec 2015 despite planted acreage increase of 8-10% in 2016 garlic crop; low 2016 carry-in flake inventory and reduced crop expectations due to excessive cold weather in Dec/Jan are the main causes; unconfirmed reports of potential peanut allergen contamination in Chinese garlic both in Europe as well as USA; issue causing some retail customers to shift over to US garlic, thereby putting pressure on limited garlic supplies. Spot US garlic prices spike 30-35% in Jan 2016 due to demand surge and tight inventory; availability across all fractions to remain tight through mid-2016 due to shortened 2015 crop; 2016 US garlic crop planting progressing normally. China Contrary to market sentiment, local dehydrated garlic prices rose sharply in Dec 2015 to levels not seen since On Jan 4, 2016, flake prices crossed the RMB 19,000 PMT mark from levels of RMB PMT prevailing in mid Dec This increase of ~30% is unprecedented augurs a tough period ahead. A combination of events has caused this market development and can be explained as follows: Chinese fresh garlic production for CY 2015 was ~ Mill. MT lower than the traditional 5 M MT benchmark Estimated carry in inventory of flake at the beginning of the CY 2015 was ~90k MT Total flake production in CY 2015 was ~95k MT, lower than the typical k MT benchmark Total flake availability for exports is therefore ~185k MT Jan-Dec 2015 dehydrated garlic exports from China were ~178k MT. From this - ~78k MT was exported during July Dec 2015 and expected exports during Jan June 2016 should be at least 80-85k MT (basis the export figures for 2014). Total exports for would therefore be ~ k MT This leaves the effective carry out inventory as of July 1, 2016 at very low levels of ~22-27k MT. Total inventory of dehydrated garlic as of date is therefore only adequate to service export volumes through mid-2016 New flaking in 2016 can really be carried out only post Sept 2016 due to weather constraints. There is therefore a likelihood of a severe shortage in Q3, 2016

6 USA The US 2016 garlic crop planting is in progress. Despite a shortened crop in 2015, planted acreage for the 2016 crop has not increased and remains roughly the same as last year. Uncertainty over California s water situation and anticipation of a larger Chinese 2016 harvest had forced a more cautious approach from US dehydrators and prevented them from raising production levels. However, with support from El Nino, a normal garlic crop can be expected. January 2016 saw an abnormal increase in spot demand for US dehydrated garlic and caused prices to spike by ~30-40% over levels prevailing in December. This was driven by unconfirmed reports of potential peanut allergen contamination in Chinese garlic both in Europe as well as USA. The issue has resulted in a serious concern over supply, causing a prudent shift to US garlic, thereby increasing pressure on current US garlic supplies FUTURE OUTLOOK Chinese Garlic Chinese flake and dehydrated garlic prices should remain firm through Q3, 2016 Current demand for flake is firm and driven more from intermediate exporters/ traders who shorted the market in 2015 in anticipation of lower flake prices post Chinese New year. Unfortunately the lower carry in stocks into 2016 are now causing concerns and leading to tightening of prices Allergen related rejections and CBP/ FDA enforcement could cause supply disruptions Higher exchange rate volatility Shipment delays and defaults maybe a possibility 2016 planted acreage expected to be 7-8% higher than last year If 2016 crop is normal, prices could correct downwards by end of Q3 CY Immediate coverage through Q3, 2016 is recommended, through reliable counter-parties US Garlic Supply shortfalls possible in H If the supply squeeze from China prolongs beyond Q1, the current price increase in US garlic will intensify further Immediate coverage through new crop is recommended

7 February 9, 2016 For clarifications, doubts, comments please contact your SVI Account manager for details.

Onion & Garlic Crop Report. Feb WSC, Cochin. Vinayak Narain Olam Spices & Vegetable Ingredients. Creating value is our business

Onion & Garlic Crop Report. Feb WSC, Cochin. Vinayak Narain Olam Spices & Vegetable Ingredients. Creating value is our business Onion & Garlic Crop Report WSC, Cochin Feb 2014 Vinayak Narain Olam Spices & Vegetable Ingredients Overview (For both Onion & Garlic) Global supply and demand Fresh production, trends and International

More information

China's Imports of Milk Powder Forecast to Continue Growing in 2013 (1,000 Metric Tons)

China's Imports of Milk Powder Forecast to Continue Growing in 2013 (1,000 Metric Tons) United States Department of Agriculture Foreign Agricultural Service December 2012 China s phenomenal growth as an importer of dry milk products is expected to continue as imports of whole milk powder

More information

New Zealand Forestry Business Outlook June 2018

New Zealand Forestry Business Outlook June 2018 Wharf price: A Grade logs (NZ Median in NZ$/m³)* FORESTRY INDUSTRY New Zealand Forestry Business Outlook June 2018 Until 1 July 2018 this document s distribution is restricted to participants of the Scion

More information

TECHNO FUNDA REPORT ON GUAR

TECHNO FUNDA REPORT ON GUAR Page 1 The history Taking a look at the long charts, overall the guar complex is trading near its yearly high & is maintaining its course of uptrend since past 3 years. However, last year the duo moved

More information

Chapter 3- Onion Price and Arrival Statistical Behavior- Explanatory Analysis

Chapter 3- Onion Price and Arrival Statistical Behavior- Explanatory Analysis Chapter 3- Onion Price and Arrival Statistical Behavior- Explanatory Analysis 3.1. PRICE INTEGRATION METHODOLOGY: Lasalgaon, Pimpalgaon and Nasik monthly price data from these three markets, from January

More information

GUAR SEASONAL REPORT

GUAR SEASONAL REPORT 7 th June, 2011 GUAR SEASONAL REPORT HIGH LIGHTS: Monsoon Prospects Acreage Projections Production Estimates Trade Policies Seasonality Ratio Analysis After such a historic rise in prices of guar seed

More information

Ending stocks can adjust due to a variety of factors from changes in production as well as adjustments to beginning stocks and demand.

Ending stocks can adjust due to a variety of factors from changes in production as well as adjustments to beginning stocks and demand. 1 2 3 Wire services such as Reuters and Bloomberg offer a survey of analysts expectations for high-profile USDA reports. These surveys hold interest because they help clarify what constitutes a shock or

More information

LAGGING EXPORTS SLIGHTLY NEGATIVE TO CORN PRICES

LAGGING EXPORTS SLIGHTLY NEGATIVE TO CORN PRICES November 5, 2001 Ames, Iowa Econ. Info. 1825 LAGGING EXPORTS SLIGHTLY NEGATIVE TO CORN PRICES While current utilization projections show record corn use for the year ahead, the slow start for corn export

More information

India. India Grain Voluntary Update - October 2017

India. India Grain Voluntary Update - October 2017 THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Voluntary - Public Date: 10/3/2017 GAIN Report Number:

More information

Iowa Farm Outlook. December 15, 2004 Ames, Iowa Econ. Info. 1900

Iowa Farm Outlook. December 15, 2004 Ames, Iowa Econ. Info. 1900 Iowa Farm Outlook December 15, 24 Ames, Iowa Econ. Info. 19 Beef and Pork Price Relationships Historically, beef and pork prices have moved somewhat together. They are substitutes in the consumer s shopping

More information

GROUNDNUT PRICES LIKELY TO BE AROUND Rs. 4800/q AT HARVEST

GROUNDNUT PRICES LIKELY TO BE AROUND Rs. 4800/q AT HARVEST GROUNDNUT PRICES LIKELY TO BE AROUND Rs. 4800/q AT HARVEST India is the second largest producer of groundnut in the world. On the global front, China leads in production, making up some 42 per cent of

More information

Castor. Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

Castor. Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Castor Castor (Ricinus communis L.) is a non edible oilseed, belonging to the Euphorbiaceae family. India is the world leader in castor production and dominates the international castor oil trade. The

More information

Market Alert. China NPK Statistical Update February Highlights. China Plant Nutrient Exports. Exports

Market Alert. China NPK Statistical Update February Highlights. China Plant Nutrient Exports. Exports Market Alert China NPK Statistical Update February Exports China Customs reported that high-analysis phosphate exports (DAP/ MAP/TSP) fell to 65,200 tonnes in February, a drop of 54% from uary and 58%

More information

Potato Short Note. 31 Jan Introduction. Seasonality

Potato Short Note. 31 Jan Introduction. Seasonality 31 Jan 2008 Potato Short Note Introduction Potato is the world's fourth important food crop after wheat, rice and maize because of its higher yield potential along with high nutritive value. With an annual

More information

United Nations Conference on Trade and Development

United Nations Conference on Trade and Development United Nations Conference on Trade and Development 1th MULTI-YEAR EXPERT MEETING ON COMMODITIES AND DEVELOPMENT 25-26 April 218, Geneva Assessing the recent past and prospects for grains and oilseeds markets

More information

JUNE 2002 HOGS AND PIGS SUMMARY AND ANALYSIS

JUNE 2002 HOGS AND PIGS SUMMARY AND ANALYSIS July 1, 2002 Ames, Iowa Econ. Info. 1841 Dear Readers: The Iowa Farm Outlook lost an important "silent partner". For the past 10 years Marci Cox made sure our information was readable, the graphs and tables

More information

PULSES SPECIAL BULLETIN 10 th June, 2013 STOCK POSITION OF CHANA AT NCDEX ACCREDITED WAREHOUSES AS ON 10 JUNE 2013

PULSES SPECIAL BULLETIN 10 th June, 2013 STOCK POSITION OF CHANA AT NCDEX ACCREDITED WAREHOUSES AS ON 10 JUNE 2013 PULSES SPECIAL BULLETIN 10 th June, 2013 Pulses Market Summary Pulses traded mix in the spot, however with the monsoon rains covering major geographical area of the country supplies have been limited and

More information

RSA Agricultural Commodities Weekly Wrap 23 September 2016

RSA Agricultural Commodities Weekly Wrap 23 September 2016 AGBIZ RESEARCH AGRI-COMMODITIES WEEKLY WRAP RSA Agricultural Commodities Weekly Wrap 23 September 2016 This season South Africa is a net importer of grains and oilseeds. Therefore, the price movements

More information

Crop Input Fundamentals Report. December 2018

Crop Input Fundamentals Report. December 2018 Crop Input Fundamentals Report December 2018 Forward Looking Statements 2 Certain statements and other information included in this presentation constitute "forward-looking information" or "forward-looking

More information

SELL GROUNDNUT ON HARVEST

SELL GROUNDNUT ON HARVEST SELL GROUNDNUT ON HARVEST Grown under rainfed conditions, groundnut is a major oilseed crop and it plays a vital role in bringing vegetable oil deficit in the country. India is the second largest producer

More information

COMPARATIVE ANALYSIS OF MONTHLY REPORTS ON THE OIL MARKET

COMPARATIVE ANALYSIS OF MONTHLY REPORTS ON THE OIL MARKET COMPARATIVE ANALYSIS OF MONTHLY REPORTS ON THE OIL MARKET AN INTERNATIONAL ENERGY FORUM PUBLICATION APRIL 2018 RIYADH, SAUDI ARABIA APRIL 2018 SUMMARY FINDINGS FROM A COMPARISON OF DATA AND FORECAST ON

More information

Agri Trends 14 June 2017

Agri Trends 14 June 2017 Agri Trends 14 June 2017 Wheat import tariff pending announcement and revisions causing more uncertainty. Approximately half of the wheat that South Africa consumes is imported. Because SA is a net wheat

More information

Agricultural Outlook Forum 2013 Presented Friday, February 22, 2013 THE WORLD AND UNITED STATES COTTON OUTLOOK

Agricultural Outlook Forum 2013 Presented Friday, February 22, 2013 THE WORLD AND UNITED STATES COTTON OUTLOOK Agricultural Outlook Forum 2013 Presented Friday, February 22, 2013 THE WORLD AND UNITED STATES COTTON OUTLOOK James Johnson, James Kiawu, Stephen MacDonald, Leslie Meyer, and Carol Skelly U.S. Department

More information

Agricultural Outlook Forum 2003 Presented: Friday, February 21, 2003 THE UNITED STATES AND WORLD COTTON OUTLOOK

Agricultural Outlook Forum 2003 Presented: Friday, February 21, 2003 THE UNITED STATES AND WORLD COTTON OUTLOOK Agricultural Outlook Forum 23 Presented: Friday, February 21, 23 THE UNITED STATES AND WORLD COTTON OUTLOOK Stephen MacDonald, James Johnson, Leslie Meyer, and Carol Skelly U.S. Department of Agriculture

More information

U.S. Rice Market Faces Tighter Supplies and Higher Prices in 2017/18

U.S. Rice Market Faces Tighter Supplies and Higher Prices in 2017/18 U.S. Rice Market Faces Tighter Supplies and Higher Prices in 217/18 University of Arkansas Webinar Series October 26, 217 Nathan Childs Economic Research Service USDA Approved by the World Agricultural

More information

ALFALFA MARKET CONDITIONS AND TRENDS IN WESTERN STATES. Seth Hoyt 1 ABSTRACT

ALFALFA MARKET CONDITIONS AND TRENDS IN WESTERN STATES. Seth Hoyt 1 ABSTRACT ALFALFA MARKET CONDITIONS AND TRENDS IN WESTERN STATES Seth Hoyt 1 ABSTRACT After two years of disappointing returns and tough market conditions, alfalfa growers in the western states braced for another

More information

MUSTARD SEED REPORT NCDEX STRATEGY RANGE TARGET STOP LOSS. June 2011 Buy / July 2011 Buy /

MUSTARD SEED REPORT NCDEX STRATEGY RANGE TARGET STOP LOSS. June 2011 Buy / July 2011 Buy / 27 May 2011 MUSTARD SEED REPORT Recommendations: NCDEX STRATEGY RANGE TARGET STOP LOSS June 2011 Buy 2770-2820 3100/3250 2580 July 2011 Buy 2870-2900 3150/3200 2750 Aug 2011 Buy 2900-2930 3200/3250 2700

More information

GRAIN PRICES TO REFLECT STARLINK, SOUTH AMERICAN WEATHER, AND FARMER MARKETING PATTERNS

GRAIN PRICES TO REFLECT STARLINK, SOUTH AMERICAN WEATHER, AND FARMER MARKETING PATTERNS January 2, 2001 Ames, Iowa Econ. Info. 1804 GRAIN PRICES TO REFLECT STARLINK, SOUTH AMERICAN WEATHER, AND FARMER MARKETING PATTERNS Corn and soybean futures prices have shown some volatility in the last

More information

Hay being cut last week was more of a clipping or hay that either needs to be taken off due to weeds or because. Ellensburg Division - PNW

Hay being cut last week was more of a clipping or hay that either needs to be taken off due to weeds or because. Ellensburg Division - PNW Vol. 7 No. 1-2014 May Spring Edition Ellensburg Division - PNW Hay being cut last week was more of a clipping or hay that either needs to be taken off due to weeds or because the field is planted to timothy.

More information

GRAIN PRICE OUTLOOK: SEASONALITY, ACREAGE, CHINA ON GMO, ETHANOL

GRAIN PRICE OUTLOOK: SEASONALITY, ACREAGE, CHINA ON GMO, ETHANOL March 1, 2002 Ames, Iowa Econ. Info. 1833 GRAIN PRICE OUTLOOK: SEASONALITY, ACREAGE, CHINA ON GMO, ETHANOL Seasonal Tendencies in Grain Prices Historically, corn and soybean prices have tended to decline

More information

Dairy Outlook. June By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology

Dairy Outlook. June By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology Dairy Outlook June 2015 By Jim Dunn Professor of Agricultural Economics, Penn State University Market Psychology Cheese prices have been rising this past month, rising 16 cents/lb. in a fairly steady climb.

More information

Wheat Year in Review (International): Low 2007/08 Stocks and Higher Prices Drive Outlook

Wheat Year in Review (International): Low 2007/08 Stocks and Higher Prices Drive Outlook United States Department of Agriculture WHS-2008-01 May 2008 A Report from the Economic Research Service Wheat Year in Review (International): Low 2007/08 Stocks and Higher Prices Drive Outlook www.ers.usda.gov

More information

2008 Annual Report on Lead Market

2008 Annual Report on Lead Market 2008 Annual Report on Lead Market With global lead ingot supply and demand balance converting the deficit in 2007 to a surplus in 2008, lead price retreated gradually in 2008 after rocketing greatly in

More information

Dairy Outlook. February By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology

Dairy Outlook. February By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology Dairy Outlook February 2017 By Jim Dunn Professor of Agricultural Economics, Penn State University Market Psychology The Class III price in January was $0.63 lower than in December, while the Class IV

More information

Rice Field Day Rice Market Update

Rice Field Day Rice Market Update Rice Field Day Rice Market Update Rob Gordon - Chief Executive Officer Thursday, 3 March 2016 Agenda Rice market update Industry outlook SunRice initiatives 2 3 RICE MARKET UPDATE Current state of play

More information

S E A S O N A L COMMODITY INSIGHT

S E A S O N A L COMMODITY INSIGHT S E A S O N A L COMMODITY INSIGHT 12 th January 2015 Wheat Domestic Scenario India is the second largest producer of wheat in the world after China, contributing to about 13.66 per cent of the world s

More information

Analysis & Comments. Livestock Marketing Information Center State Extension Services in Cooperation with USDA. National Hay Situation and Outlook

Analysis & Comments. Livestock Marketing Information Center State Extension Services in Cooperation with USDA. National Hay Situation and Outlook Analysis & Comments Livestock Marketing Information Center State Extension Services in Cooperation with USDA April 2, 2015 Letter #12 www.lmic.info National Hay Situation and Outlook The 2014 calendar

More information

GLOBAL MARKETS & PRICE PERSPECTIVES

GLOBAL MARKETS & PRICE PERSPECTIVES GLOBAL MARKETS & PRICE PERSPECTIVES Emmanuel Jayet, Head of Research - New York, May 2017 GLOBAL BALANCE: A SMALL SURPLUS AT FIRST A small 2017/18 surplus on the near term Global Production/Consumption

More information

CORN: HIGHER PRICES COMES EARLY

CORN: HIGHER PRICES COMES EARLY CORN: HIGHER PRICES COMES EARLY OCTOBER 2006 Darrel Good 2006 NO. 7 Summary The 2006 U.S. corn crop is expected to be the third largest ever, but it is small in relation to expected consumption during

More information

Food Prices. August 2013 update

Food Prices. August 2013 update Food Prices August 2013 update Steve Wiggins and Sharada Keats Record global harvests are projected for 2013/14 for all the main cereals. Spot prices of maize and wheat have fallen to US$6 a tonne for

More information

RSA Agricultural Commodities Weekly Wrap 14 October 2016

RSA Agricultural Commodities Weekly Wrap 14 October 2016 AGBIZ RESEARCH AGRI-COMMODITIES WEEKLY WRAP RSA Agricultural Commodities Weekly Wrap 14 October 2016 This week saw a significant weakening of the South African Rand against the US Dollar, owing to domestic

More information

TOMATOLAND Processing Tomatoes Market Report 27th. January 2009

TOMATOLAND Processing Tomatoes Market Report 27th. January 2009 TOMATOLAND Processing Tomatoes Market Report 27th. January 2009 EUROPEAN UNION : Italy 2008 crop ended with an official figure of 4.776 Millions MT. of fresh tomatoes, very close to the 4.8 Millions in

More information

Fresh Peaches and Cherries: World Markets and Trade

Fresh Peaches and Cherries: World Markets and Trade United States Department of Agriculture Foreign Agricultural Service Fresh Peaches and Cherries: World Markets and Trade Fresh Peach/Nectarine: 2014/15 Highlights Global production in 2014/15 of peaches/nectarines

More information

Feed and Milk Outlook

Feed and Milk Outlook Feed and Milk Outlook Dairy Today Elite Producer Business Conference 2013 The Bellagio Las Vegas, NV Tuesday November 12, 2013 Joel Karlin karlin@westernmilling.com (559) 824-0313 Look at feed markets

More information

IFA Medium-Term Fertilizer Outlook

IFA Medium-Term Fertilizer Outlook IFA Medium-Term Fertilizer Outlook 2015 2019 Olivier Rousseau IFA Secretariat Afcome 2015 Reims, France October 21 st - 23 rd 2015 Outlook for World Agriculture and Fertilizer Demand Economic and policy

More information

United Kingdom Pig Meat Market Update. October 2017 UK PRICES

United Kingdom Pig Meat Market Update. October 2017 UK PRICES United Kingdom Pig Meat Market Update October 2017 UK PRICES GB pig prices held quite steady throughout August, with the monthly average EU-spec APP losing 0.08p compared to the previous month, to reach

More information

May 17, 1996 Ames, Iowa Econ. Info PLANTINGS LAG IN EASTERN CORN BELT & SPRING WHEAT AREAS

May 17, 1996 Ames, Iowa Econ. Info PLANTINGS LAG IN EASTERN CORN BELT & SPRING WHEAT AREAS May 17, 1996 Ames, Iowa Econ. Info. 1694 PLANTINGS LAG IN EASTERN CORN BELT & SPRING WHEAT AREAS Planting progress will be one of several factors influencing prices in the next several weeks. In contrast

More information

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report

More information

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 3/15/2013

More information

Food Markets Wheat & Maize Outlook 2018/19

Food Markets Wheat & Maize Outlook 2018/19 Food Markets Wheat & Maize Outlook THIRTEENTH SESSION OF THE AMIS GLOBAL FOOD MARKET INFORMATION GROUP FAO Headquarters, Rome 3-4 May 2018 Presentation Outline I. Macro conditions & food markets II. Market

More information

In its final estimates for the 2017 summer crop production season, the Crop Estimates Committee (CEC) lifted maize

In its final estimates for the 2017 summer crop production season, the Crop Estimates Committee (CEC) lifted maize 29 September 2017 South African Agricultural Commodities Weekly Wrap This was a data-packed week for grain and oilseed markets with releases that include production estimates update, producer deliveries

More information

Relevance to a marketing program and how do they fit in?

Relevance to a marketing program and how do they fit in? NZX Agri Australia Electronic Trading Platforms Relevance to a marketing program and how do they fit in? Big Picture The Asian century Australia the foodbowl for Asia Fierce competition from competing

More information

Maize Monthly Research Report

Maize Monthly Research Report Maize Monthly Research Report Contents Outlook and Review Recommendations International Corn Market Summary AW Maize Index India Maize Balance Sheet State Wise Market Dynamics Domestic Price Outlook On

More information

October 1, 1996 Ames, Iowa Econ. Info. 1703

October 1, 1996 Ames, Iowa Econ. Info. 1703 October 1, 1996 Ames, Iowa Econ. Info. 1703 PROFITABLE HOG PRICE EXPECTED THROUGH MID-1997 The USDA September Hogs & Pigs report released September 27 indicated 4 percent fewer total hogs on U.S. farms

More information

Hog:Corn Ratio What can we learn from the old school?

Hog:Corn Ratio What can we learn from the old school? October 16, 2006 Ames, Iowa Econ. Info. 1944 Hog:Corn Ratio What can we learn from the old school? Economists have studied the hog to corn ratio for over 100 years. This ratio is simply the live hog price

More information

At a Glance. Area under wheat cultivation is on higher side compared to last year.

At a Glance. Area under wheat cultivation is on higher side compared to last year. At a Glance Area under wheat cultivation is on higher side compared to last year. During October 1 st to December 15 th, area covered under wheat cultivation was 232.59 lakh hectares, up by 10.4% from

More information

Rain and grain Best hope for rally could be January USDA report. By Bryce Knorr, Senior Grain Market Analyst

Rain and grain Best hope for rally could be January USDA report. By Bryce Knorr, Senior Grain Market Analyst Rain and grain Best hope for rally could be January USDA report By Bryce Knorr, Senior Grain Market Analyst Corn and soybeans aren t the only numbers in play when USDA releases its Jan. 11 reports. Weather

More information

Agricultural Outlook Forum 99 For Release: Tuesday, February 23, 1999 USDA PERSPECTIVE ON THE OUTLOOK FOR COTTON

Agricultural Outlook Forum 99 For Release: Tuesday, February 23, 1999 USDA PERSPECTIVE ON THE OUTLOOK FOR COTTON Agricultural Outlook Forum 99 For Release: Tuesday, February 23, 1999 USDA PERSPECTIVE ON THE OUTLOOK FOR COTTON Pete Burr, Stephen MacDonald, Leslie Meyer, and Carol Skelly Agricultural Economists, USDA

More information

S E A S O N A L COMMODITY INSIGHT

S E A S O N A L COMMODITY INSIGHT S E A S O N A L COMMODITY INSIGHT 17 th December 2014 Chana (Chickpea) India produces a quarter of the world s pulses, accounting for one third of the total acreage under pulses. Indians consume 30 per

More information

Fresh Deciduous Fruit: World Markets and Trade (Apples, Grapes, & Pears)

Fresh Deciduous Fruit: World Markets and Trade (Apples, Grapes, & Pears) United States Department of Agriculture Foreign Agricultural Service December 2017 Fresh Deciduous Fruit: World Markets and Trade (Apples, Grapes, & Pears) FRESH APPLES World production for 2017/18 is

More information

CORN: BETTER DEMAND, PRODUCTION CONCERNS

CORN: BETTER DEMAND, PRODUCTION CONCERNS CORN: BETTER DEMAND, PRODUCTION CONCERNS April 2000 Darrel Good Summary The USDA s March Grain Stocks report, released on March 31, confirmed a high rate of domestic corn use during the second quarter

More information

TRCC CANADA Monthly Bulletin. December 2016 Issue

TRCC CANADA Monthly Bulletin. December 2016 Issue TRCC CANADA Monthly Bulletin December 2016 Issue Butadiene: In the US, IHS Chemical s marker for the December US butadiene contract price decreased 0.4 cents per pound to 52.0 cents per pound ($1,146 per

More information

Wheat Market Outlook in Mid June 2016

Wheat Market Outlook in Mid June 2016 Wheat Market Outlook in Mid June 2016 Daniel O Brien Extension Agricultural Economist, K State Research and Extension June 22, 2016 Summary Since the USDA s June 10 th Crop Production and World Agricultural

More information

CORN: CROP PROSPECTS TO DOMINATE PRICES

CORN: CROP PROSPECTS TO DOMINATE PRICES CORN: CROP PROSPECTS TO DOMINATE PRICES JULY 2002 Darrel Good 2002 NO. 5 Summary The USDA s June Grain Stocks report confirmed a rapid rate of domestic corn consumption during the third quarter of the

More information

Maize Average Monthly Price Trend

Maize Average Monthly Price Trend EXECUTIVE SUMMARY: All maize cash markets traded firm during the month of September on the expectation of lower kharif crop production amid higher demand from south Indian feed makers as compared to last

More information

Dairy Outlook. October By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology

Dairy Outlook. October By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology Dairy Outlook October 2015 By Jim Dunn Professor of Agricultural Economics, Penn State University Market Psychology The world s financial markets were volatile again, last month but really d very little.

More information

We are pleased to share with you our latest update about the sunflower and pumpkin market.

We are pleased to share with you our latest update about the sunflower and pumpkin market. Dear client, We are pleased to share with you our latest update about the sunflower and pumpkin market. If you have any questions or interests regarding our market information you can contact us through

More information

Fertiliser Market Outlook

Fertiliser Market Outlook Fertiliser Market Outlook October 2017, Issue 12 In focus UK urea imports soften in first seven months of 2017 The import data from Eurostat indicates that UK urea imports have decreased year on year in

More information

South Africa s 2017/18 maize production season started on a bad footing, with extreme dryness in the western

South Africa s 2017/18 maize production season started on a bad footing, with extreme dryness in the western 23 February 2018 South African Agricultural Commodities Weekly Wrap The stronger domestic currency, coupled with prospects of rainfall across the summer crop growing areas, and large carryover stocks in

More information

Khonburi Sugar Public Company Limited Opportunity Day Q2-2012

Khonburi Sugar Public Company Limited Opportunity Day Q2-2012 Khonburi Sugar Public Company Limited Opportunity Day Q2-2012 August 20, 2012 1 Content I. Company Overview II. Industry Update III. Financial Hi-Lights IV. KBS Outlook V. Q&A 2 Major Developments 1965

More information

Center for Indian Agricultural Marketing Intelligence

Center for Indian Agricultural Marketing Intelligence (CIAMI) May 2017 Tur Price Forecast For October to December - 2017 India is the largest producer and consumer of tur in the world. The average spot prices of tur in the Akola market are showing a downward

More information

Fresh Deciduous Fruit: World Markets and Trade (Apples, Grapes, & Pears)

Fresh Deciduous Fruit: World Markets and Trade (Apples, Grapes, & Pears) United States Department of Agriculture Foreign Agricultural Service June 2016 Fresh Deciduous Fruit: World Markets and Trade (Apples, Grapes, & Pears) FRESH APPLES World apple production in marketing

More information

Market Outlook & Price Projections: Corn, Wheat, Soy Complex & Palm Oil October 7 th, 2016

Market Outlook & Price Projections: Corn, Wheat, Soy Complex & Palm Oil October 7 th, 2016 Market Outlook & Price Projections: Corn, Wheat, Soy Complex & Palm Oil October 7 th, 2016 Patrick Sparks Global Risk Management, Inc. psparks@grmcorp.com 651-209-9503 www.grmcorp.com 1 Commodity trading

More information

United States Department of Agriculture Cotton Outlook Friday, February 24,

United States Department of Agriculture Cotton Outlook Friday, February 24, United States Department of Agriculture Cotton Outlook Friday, February 24, 2017 www.usda.gov/oce/forum Agricultural Outlook Forum 2017 Presented Friday, February 24, 2017 THE WORLD AND UNITED STATES COTTON

More information

The weather models continue to paint an optimistic picture for the new season. The South African maize belt could

The weather models continue to paint an optimistic picture for the new season. The South African maize belt could 22 September 2017 South African Agricultural Commodities Weekly Wrap The weaker domestic currency, coupled with higher Chicago grains and oilseed prices led to widespread gains in the South African agricultural

More information

Pork Packer Capacity

Pork Packer Capacity September 1, 27 Ames, Iowa Econ. Info. 1965 Pork Packer Capacity Growing hog inventories, improved hog health, and increased imports from Canada will increase the supply of hogs this fall. At the same

More information

United States Department of Agriculture Cotton Outlook Friday, February 26, 2016

United States Department of Agriculture Cotton Outlook Friday, February 26, 2016 United States Department of Agriculture Cotton Outlook Friday, February 26, 216 www.usda.gov/oce/forum Agricultural Outlook Forum 216 Presented Friday, February 26, 216 THE WORLD AND UNITED STATES COTTON

More information

SEPTEMBER HOGS AND PIGS REPORT

SEPTEMBER HOGS AND PIGS REPORT October 1, 2001 Ames, Iowa Econ. Info. 1823 SEPTEMBER HOGS AND PIGS REPORT There was good news for pork producers in the USDA September Hogs and Pigs report released September 28, 2001. USDA estimates

More information

World sugar market overview. Dubai, February 2017

World sugar market overview. Dubai, February 2017 World sugar market overview Dubai, February 2017 What flags over the months ahead? India: all eyes on what comes next CS Brazil: more sugar than anticipated? China and the multiple ways to fill the deficit:

More information

U.S. Rice Growers Face Higher Prices and Tighter Supplies in 2017/18

U.S. Rice Growers Face Higher Prices and Tighter Supplies in 2017/18 U.S. Rice Growers Face Higher Prices and Tighter Supplies in 217/18 217 Rice Outlook Conference December 12, 217 Nathan Childs Economic Research Service USDA Approved by the World Agricultural Outlook

More information

Iowa Farm Outlook. June 1, 2003 Ames, Iowa Econ. Info BSE in Canada

Iowa Farm Outlook. June 1, 2003 Ames, Iowa Econ. Info BSE in Canada Iowa Farm Outlook June 1, 2003 Ames, Iowa Econ. Info. 1864 BSE in Canada The big news in the cattle market this week and perhaps for the year was the discovery of BSE, commonly called Mad Cow Disease,

More information

World Apple Juice Situation: Global Apple Juice Production Recedes as China s Apple Crop Declines, Trade To Continue Strong in MY 2005/06

World Apple Juice Situation: Global Apple Juice Production Recedes as China s Apple Crop Declines, Trade To Continue Strong in MY 2005/06 World Apple Juice Situation: Global Apple Juice Production Recedes as China s Apple Crop Declines, Trade To Continue Strong in MY 2005/06 SUMMARY World production of apple juice for market year (MY) 2004/05

More information

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Brazil Post: Brasilia

More information

ICF Propane Inventory Update and Winter 2014/15 Supply Assessment

ICF Propane Inventory Update and Winter 2014/15 Supply Assessment ICF Propane Inventory Update and Winter 2014/15 Supply Assessment October 30, 2014 Michael Sloan Principal ICF International 703-218-2753 Michael.Sloan@icfi.com Andrew Duval Research Assistant ICF International

More information

Although the recent upward revision of South African maize and soybean production forecasts

Although the recent upward revision of South African maize and soybean production forecasts ZAR/ton USD/ton ZAR/USD 29 June 2018 South African Agricultural Commodities Weekly Wrap Although the recent upward revision of South African maize and soybean production forecasts underscored the view

More information

Grains & Oilseeds Outlook. USDA's Interagency Commodity Estimates Grains and Oilseeds Committees

Grains & Oilseeds Outlook. USDA's Interagency Commodity Estimates Grains and Oilseeds Committees Agricultural Outlook Forum Presented: February 23-24, 2012 U.S. Department of Agriculture Grains & Oilseeds Outlook USDA's Interagency Commodity Estimates Grains and Oilseeds Committees United States Department

More information

TANKER MARKET INSIGHT

TANKER MARKET INSIGHT TANKER MARKET INSIGHT October 18 Research Department, Teekay Tankers Sep-17 Oct-17 Nov-17 Jan-18 Feb-18 Apr-18 May-18 Jul-18 Aug-18 Sep-17 Oct-17 Nov-17 Jan-18 Feb-18 Apr-18 May-18 Jul-18 Aug-18 $ 000s

More information

US Rice Producers Association

US Rice Producers Association US Rice Producers Association Rice MarketOutlook and Prospects 2008 was a time of severe market volatility ThePerfect Storm Several factors combined to create the most volatiletime time in memorable history

More information

Morning Comments

Morning Comments Position Management: The table shows how the Model Farm is positioned at this time. Individual recommendations may vary. 2010 Crop 2011 Crop 2012 Crop Corn 100% sold with basis set 50% sold HTA 30% sold

More information

May 10, USDA World Supply and Demand Estimates

May 10, USDA World Supply and Demand Estimates May 10, 2018 - USDA World Supply and Demand Estimates Corn Market Reaction: July 2018 corn futures closed down ¾ cent at $4.02 with a trading range for the day of $4.00 to $4.07. December 2018 corn futures

More information

HOG PROFITS NARROW AS CORN PRICE RISKS RISE

HOG PROFITS NARROW AS CORN PRICE RISKS RISE HOG PROFITS NARROW AS CORN PRICE RISKS RISE APRIL 2006 Chris Hurt 2006 NO. 3 After two years of notable profits, hog producers have started to worry about eroding hog prices and rising risk of higher corn

More information

Vietnam. Grain and Feed Update. October 2012

Vietnam. Grain and Feed Update. October 2012 THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Vietnam Grain and

More information

Global sugar market: Have we reached a sustainable turning point?

Global sugar market: Have we reached a sustainable turning point? Global sugar market: Have we reached a sustainable turning point? 6 th Annual Kingsman EU Sugar Seminar José Orive Executive Director International Sugar Organization Changing narratives From bearish to

More information

Oat Outlook. Ag Commodity Research & Oatinsight.com Vancouver, Canada

Oat Outlook. Ag Commodity Research & Oatinsight.com Vancouver, Canada Oat Outlook Ag Commodity Research & Oatinsight.com Vancouver, Canada Current Situation South American weather & EU debt concerns driving Ag & oat fundamentals Oat prices bucking seasonally higher trends

More information

Market Situation and Outlook 2013/14 Wheat & Maize

Market Situation and Outlook 2013/14 Wheat & Maize Market Situation and Outlook 2013/14 Wheat & Maize FOURTH SESSION OF THE AMIS GLOBAL FOOD MARKET INFORMATION GROUP ROME, FAO HEADQUARTERS 1-2 October 2013 1 Prices Falling! 2 1 Brent Crude vs West Texas

More information

Testimony to the U.S. Senate Committee on Energy and Natural Resources

Testimony to the U.S. Senate Committee on Energy and Natural Resources Testimony to the U.S. Senate Committee on Energy and Natural Resources May 15, 2007 Kevin J. Lindemer Executive Managing Director, Global Energy Group Global Insight Advisory Services Division E-mail:

More information

Fresh Deciduous Fruit (Apples, Grapes, & Pears): World Markets and Trade

Fresh Deciduous Fruit (Apples, Grapes, & Pears): World Markets and Trade United States Department of Agriculture Foreign Agricultural Service June 2015 Fresh Deciduous Fruit (Apples, Grapes, & Pears): World Markets and Trade FRESH APPLES World apple production in is estimated

More information

Morning Comments

Morning Comments Next USDA Reports: Tomorrow, Friday April 8, 2011 WASDE & Crop Production Position Management: The table shows how the Model Farm is positioned at this time. Individual recommendations may vary. 2010 Crop

More information

January 9, 2014 WE WILL BE UPDATING AND ADDING MATERIAL THROUGHOUT THE DAY ON JANUARY 10 TO THIS LETTER BEGINNING AT 11:00 AM CST.

January 9, 2014 WE WILL BE UPDATING AND ADDING MATERIAL THROUGHOUT THE DAY ON JANUARY 10 TO THIS LETTER BEGINNING AT 11:00 AM CST. January 9, 2014 WE WILL BE UPDATING AND ADDING MATERIAL THROUGHOUT THE DAY ON JANUARY 10 TO THIS LETTER BEGINNING AT 11:00 AM CST. PLEASE CHECK BACK OFTEN THROUGHOUT THE DAY FOR THE LATEST INFORMATION!

More information

Quarterly Forecast on Price of Titanium Dioxide in China to Q4

Quarterly Forecast on Price of Titanium Dioxide in China to Q4 Quarterly Forecast on Price of Titanium Dioxide in China to Q4 September 2017 The First Edition Researched & Prepared by: Kcomber Inc. Copyright by Kcomber Inc. 1 Any publication, distribution or copying

More information