Latest News - Mundus Agri

Dried Fruit

Oct 19, 2021

Dried apricots: exporters are reluctant to make offers

MALATYA. Extremely volatile prices and persistent exchange rate fluctuations cause Turkish exporters to currently quote their prices on a daily basis. Despite the high prices, export demand is unbroken.

Grains

Oct 19, 2021

Millet: USDA corrects global crop forecast

BEIJING/KIEV. The US Department of Agriculture has reduced its estimate for global millet production in the 2021/2022 season by 4%. China's crop is now available in the market and in Ukraine the harvest process is almost complete.

Dried Fruit

Oct 19, 2021

Dried figs: raw materials of the new crop are becoming scarce

AYDIN. Due to good demand and high commodity prices, many Turkish farmers have already sold a large part of their new crop. Available goods in export quality are therefore becoming scarce.

Dried Fruit

Oct 19, 2021

Raisins: 30% decline in production anticipated

KHONDAB. Annual grape production ranges at 4 million mt in Iran. The export of grapes and related products generates an income of USD 30 million every year. Growers are, meanwhile, busy turning grapes into raisins in the Markazi Province, drought and frost have, however, taken their toll on this year’s production.

Dried Fruit

Oct 19, 2021

Dried figs: China is top export destination

TEHRAN. China is by far the most important export destination for Iran’s dried figs. Traders state that as much as 90% of the volumes shipped are destined for East Asia. The possible revival of the nuclear deal coupled with hopes of the lifting of the US sanctions on Iran have also impacted prices.

Dried Fruit

Oct 19, 2021

Sultanas: official estimates still to be issued

MANISA. The anticiapted price rise for organic sultanas has so far failed to materialise in Turkey. Due to the Anuga trading was largely subdued last week. The market is still waiting for official production estimates to be issued.

Dried Fruit

Oct 18, 2021

Prunes: hardly any Chilean goods left

SANTIAGO. Buyers' fears have come true and prices for prunes, both from Chile and the USA, have continued to rise. This is due to the prospect of low crops and the already prevailing shortage of goods.

Oilseeds

Oct 18, 2021

Flaxseed: sellers can do what they want

NUR-SULTAN/OTTAWA. Prices remain high in the international flaxseed market. Last year's profits enable farmers in Kazakhstan to hold back supplies and drive up prices. A high degree of uncertainty has gripped the market.

Nuts

Oct 18, 2021

Cashews: imports return to normal

HANOI. After Cambodian exports to Vietnam had puzzled market players at the beginning of the year, the figures have now returned to normal. Another country has reclaimed its role as the main supplier.

Oilseeds

Oct 18, 2021

Pumpkin seeds: speculative trading picks up again

BEIJING. Last week, speculators took a break in commodity buying. However, this lasted much shorter than market players had expected. This also has an impact on export prices.

Nuts

Oct 18, 2021

Hazelnuts: lira takes centre stage

ORDU. Turkey’s hazelnut market was plunged into chaos again after the lira recently slumped to new lows against the euro and US dollar. Disaster struck after President Recep Tayyip Erdogan fired three central bank policy makers, who are claimed to have opposed last month’s interest rate cut. Concern is that more interest rate cuts will follow despite inflation being high, possibly even this week as the next policy meeting will be held on Thursday.

Nuts

Oct 18, 2021

Pistachios: subdued demand weighs on market

KERMAN/SACRAMENTO. Growers have completed the pistachio harvest in Iran's southern Kerman Province. Conditions are ideal to accelerate cultivation here. US export have risen sharply in September.

AUDITOR Issues

Oct 15, 2021

The AUDITOR Issue 40/2021

Download the latest weekly edition of the AUDITOR containing objective market reports, reliable price charts and market prices along with the most up to date market statistics offering all you need to trade successfully.

Spices

Oct 15, 2021

Spice market update: Diwali festival causes high domestic demand

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.

Nuts

Oct 14, 2021

Almonds: US production slightly higher than last year

SACRAMENTO. US shellers struggle with small nuts, yet the production result so far is 2% higher than last year. After a strong export month in August, export volumes declined significantly in September 2021.

Nuts

Oct 14, 2021

Walnuts: China's crop volume remains unchanged

BEIJING/SACRAMENTO. Although the spring frosts in Xinjiang have had a negative impact on the crop, other Chinese provinces are able to compensate for the losses. In the USA, the new export season has started well.

Oilseeds

Oct 13, 2021

Blue poppy seeds: August exports 40% up on last year

CHRUDIM. After long delays, the majority of the Czech poppy seed crop is finally available on the market. However, demand is high, which is why prices are stable for the time being. August exports were significantly higher than last year.

Oilseeds

Oct 13, 2021

Sunflower seeds: concern is spreading in the market

SOFIA. Bulgarian sunflower seed traders are looking at the current developments in the bakery market with growing despair. Hardly anyone believes that prices will soon reach a level similar to that of the last few years.

Nuts

Oct 13, 2021

Cashews: Vietnam remains most important supplier for the USA

HANOI/ACCRA. Although Vietnam has had to deal with many pandemic-related restrictions, the country can hold its own as the most important cashew supplier for the USA. However, some African countries could emerge as competitors in the future.

Dried Fruit

Oct 13, 2021

Dried figs: export season off to a good start

AYDIN. Exporters can be very satisfied with the start of the new export season. While commodity prices are rising, the latest devaluation of the Turkish lira is preventing high export prices.

Oilseeds

Oct 13, 2021

Flaxseed: KGU announces new crop estimates

NUR-SULTAN. As the flaxseed harvest in Kazakhstan progresses, it is becoming increasingly clear what this year's production can bring. However, experts at the Kazakh Grain Union (KGU) believe the official cultivation figures are too optimistic.

Dried Fruit

Oct 12, 2021

Sultanas: export prices reach temporary low

MANISA. Unlike the Turkish dried apricot market, the sultana market is much calmer. Exports can nevertheless maintain their lead over last year.

Dried Fruit

Oct 12, 2021

Dried apricots: no end to the price rally

MALATYA. Week after week, Turkish market players expect apricot prices to have peaked - and are wrong again this time. Suppliers are increasingly getting into trouble as a result.

Spices

Oct 12, 2021

Saffron: crop decline does not leave prices unaffected

TEHRAN. Saffron cultivation in Iran is expected to be significantly smaller this year. As a result, the first price adjustments have been observed in recent weeks.

Spices

Oct 12, 2021

Cumin: Iran's exports plummet

TEHRAN. Crop damage is causing a considerable shortage in the Iranian cumin market and the quality also leaves much to be desired. This was particularly noticeable in the first six months of this season, both in export figures and in export prices.

Oilseeds

Oct 12, 2021

Pumpkin seeds: speculators rely on tactics

BEIJING. After prices had risen due to numerous speculative purchases, buyers are now following a new tactic. The most preferred kernels are still shine skins.

Oilseeds

Oct 11, 2021

Sesame seeds: cultivation decreases compared to 2020

NEW DELHI. Compared to last year, significantly less sesame seeds were grown in India for the Kharif crop. With the arrival of the crops, there are again more offers in EU quality. Meanwhile, Indian exporters were able to win a large part of the last sesame seed tender.

Dried Fruit

Oct 11, 2021

Dates: export demand causes prices to rise

ZAHEDAN. In the Sistan and Baluchestan province, which is Iran's second largest date producer after Bushehr, the harvest is in full swing. Increased export demand is driving prices up.

Nuts

Oct 11, 2021

Hazelnuts: harvest can finally be completed

ORDU. A more stable weather situation should ensure that the drying process of the hazelnut kernels can finally be completed. Due to the higher bid prices of the TMO, farmers continue to preferably sell their goods to the state organisation for the time being.

AUDITOR Issues

Oct 8, 2021

The AUDITOR Issue 39/2021

Download the latest weekly edition of the AUDITOR containing objective market reports, reliable price charts and market prices along with the most up to date market statistics offering all you need to trade successfully.

Spices

Oct 8, 2021

Spice market update: Indian pepper traders have an advantage

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.

Oilseeds

Oct 7, 2021

Sesame seeds: main crop from Gujarat now available

NEW DELHI. The new crop from Gujarat is available, but traders are still holding back due to the low quality. In other Indian states, the sesame seed crop is said not to have been affected by the excessive rainfall.

Dairy Products

Oct 7, 2021

Butter: prices approach record levels

FRANKFURT/BRUSSELS. EU average butter prices have hit levels last seen in March 2019. Prices in Germany are also approaching levels last witnessed in the record year 2018. Prospects are, in addition, mixed in the USA.

Oilseeds

Oct 7, 2021

Flaxseed: uncertainty about crops in Eastern Europe

OTTAWA/NUR-SULTAN. The availability of the flaxseed crops in Russia and Kazakhstan is still a big question mark for market players. In Canada, too, work in the fields is slowly coming to a close.

Nuts

Oct 7, 2021

Pecans: new season becomes a challenge

ATLANTA. High demand and smaller crops are fuelling market players' fears that supplies may run short in the 2021/22 season. Chinese buyers are already stocking up for the New Year celebrations in February.

Organic Commodities

Oct 7, 2021

Organic chia seeds: weather adversities cause prices to rise sharply

ASUNCION/KAMPALA. Frost and drought have severely affected South America's chia crops this year. A massive price increase was the result, accompanied by higher procurement costs in the international market due to logistical hurdles and restrictions.

Oilseeds

Oct 6, 2021

Blue poppy seeds: market players cannot reach agreement

CHRUDIM/ANKARA. In the Czech blue poppy seed market, there is disagreement between buyers and sellers about prices for the new crop. In Turkey, however, poppy seed prices are holding at the level of the past weeks.

Nuts

Oct 6, 2021

Cashews: India introduces new hybrid variant

NEW DELHI/DAR ES SALAAM. The Directorate of Cashew Research in India has presented a new cashew hybrid variety that is expected to bring great benefits to farmers and producers. Tanzania, meanwhile, starts the new trade season this week.

Oilseeds

Oct 6, 2021

Sunflower seeds: prices defy cultivation figures

SOFIA/BRUSSELS. While the sunflower seed harvest in Bulgaria is now complete, farmers in Russia and Ukraine are still in the process. A price decline is still not in sight. Meanwhile, the EU Commission announced its updated crop estimates.

Dried Fruit

Oct 5, 2021

Dried figs: hike in exports

TEHRAN. Iran’s dried fig exports more than doubled on last year between March and August. In Khafr county in Fars Province monthly exports were even 322% up on August on last year. Harvesting is well underway here.

Dried Fruit

Oct 5, 2021

Raisins: farmers tricked to buy counterfeits

MALEKAN. Frost, hail and drought occurring in recent months have smashed all hopes of a good production in Iran’s East Azerbaijan Province this year. While initial production estimates for grapes exceeded 305,000 mt, they have now been slashed to 180,000 mt. Around 85% of the grapes produced here are processed into California and sultana raisins. Counterfeit pesticides are also a problem.

Nuts

Oct 5, 2021

Almonds: Spain's Ministry of Agriculture announces latest crop estimates

MADRID. The current report on the 2021 almond crop of the Spanish Ministry of Agriculture, Fisheries and Food speaks of a production deficit of almost 15%. Despite high losses, however, Andalusia remains by far the most important almond-growing region in Spain.

Nuts

Oct 5, 2021

Walnuts: Ukraine expects production increases

KIEV. In the 2021/22 season, both a larger acreage and better yields are expected in Ukraine. Commercial production is also moving further into focus there.

Oilseeds

Oct 5, 2021

Mustard seeds: Canada's crop hits 40-year low

OTTAWA. Canadian authorities expect this year's crop to be the lowest since the 1970s. This is also reflected in the price forecasts for the 2021/2022 season.

Nuts

Oct 5, 2021

Desiccated coconuts: goods are scarce and expensive

MANILA. Even though the situation is no longer as tense as it was at the beginning of the year, coconut producers and traders are still struggling with major difficulties. Possible price reductions are thus a long way off.

Nuts

Oct 5, 2021

Pistachios: climate change impact

BIRJAND. Drought has impacted pistachio production in Iran’s South Khorasan Province for more than twenty years. Variations in temperature, reduced rainfall and humidity cause a lot of damage every year. Growers use wells and aqueducts to compensate for less rain. This year production is, however, not only expected to decline but growers are also confronted with additional challenges.

Dried Fruit

Oct 4, 2021

Dried figs: exports of the new crop start this week

AYDIN. The new dried fig season has begun and the first exports from the new crop are due to take place this week. The suppliers are correspondingly busy.

Dried Fruit

Oct 4, 2021

Dried apricots: prices reach all-time high

MALATYA. Farmgate prices in Turkey have continued to rise, leaving farmers cheering but also amazed. Nevertheless, export demand remains unbroken.

Mundus Agri News

For subscribers only:

Delivery units

Product and Packaging

Delivery units

Delivery

Incoterms

What are incoterms?

Overview of the incoterms