Mundus Agri News

MANISA. Manisa is confronted with an extreme heatwave at present. The vines may very well be damaged. Rumours concerning this year's sultana production are circulating in the market. Good news, however, is that exports are catching up. The lack of suitable containers, however, continues to pose a challenge.

MADRID/SACRAMENTO. Subjective almond production estimates have recently been issued in Spain. Although only 15% of the planted area is irrigated, plantations with irrigation account for as much as 50% of production in Spain. Thereby showing how crucial sufficient water supplies are. Although production is expected to hit another record in California, the state is preparing for severe drought with dire consequences for growers.

AYDIN. Growers in Aydin are still confronted with drought-like conditions. Farmers are concerned that the current weather situation will prompt a sharp decline in production. Dried fig exporters are also confronted with problems.

ORDU. The spotlight is on the current hazelnut crop again after prices took a rather surprising turn in Turkey last week. Issue is a rather curious statement made by President Erdogan himself concerning the purchase price for tea produced in the Rize Province. Although this has a massive impact on the hazelnut market, traders reckon that the current price trend is anything but sustainable.

MALATYA. Attention has shifted towards the new apricot crop in Turkey. Speculations on dried apricot prices are also rife. While the trees are currently being assessed rumour has it that production will be good. In how far these considerations will prove true will show as soon as the first official crop estimates have been issued.

View the latest AUDITOR issue - the agricultural raw material information service.

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.

NEW DELHI. Cyclone "Tauktae" caused violent winds and above-average rainfall this week, especially in the Indian states of Gujarat, Maharashtra and Rajasthan. Farmers now fear for their summer crops.

TEHRAN. Although Iran’s saffron production has risen continuously in recent years and international demand is booming, the market should witness a turn this year. Problem is a mismatch in pricing. While prices have declined in the international market over the last two years, prices in the domestic market have remained firm and production costs have risen drastically. This results in the bizarre situation that while saffron is an absolute trend product in the international market, the farmers are lacking incentive to cultivate the spice.

TEHRAN. Competitive prices have prompted a sharp rise in green cumin exports in Iran. As average export prices are 30% down suppliers can easily compete with their colleagues in India. Much will, however, depend on political developments in the next few months as the lifting of US sanctions and the return of the US to the nuclear deal are crucial to exports.

TEHRAN. Although high date inventories have been repeatedly reported in recent weeks, the market has taken a surprising turn. Question is in how far the current prices are sustainable. With annual production ranging at 1.25 million mt dates are the fifth most important product in Iran’s horticultural sector.

SACRAMENTO/SANTIAGO. Container shortages and other logistical hurdles due to the global pandemic situation are nothing new for US exporters. In April, however, traders managed to...

SOFIA/BRUSSELS. This week, the experts at Coceral published their updated forecast for the EU sunflower seed production.

CHRUDIM. Favourable weather conditions increase the hope for a good poppy seed crop in 2021 and the fields are in good condition. The focus of market players is therefore increasingly shifting to the new season.

CHICAGO/PARIS. Market and price trends with first trade assessments. China surprises with further import demand. COCERAL updates its EU production forecast. Algeria announces a new wheat tender.

NUR-SULTAN/OTTAWA. The Kazakh Grain Union (KGU) expects a rise in cultivation this year. At the same time, Kazakhstan's flaxseed exports during the first seven months of this season have so far failed to match last year's result.

MANISA/TEHRAN. The new week after the end of Ramadan celebrations started in Turkey with relaxed curfews and…

CHICAGO/HAMBURG. Market and price trends with trade assessments. China's meat supply is rising, but prices are declining. For rapeseed and canola, the market is doing a balancing act between the old and the new crop.

AYDIN/TEHRAN. In both Turkey and Iran, low rainfall rates pose a risk to the coming fig crop. Exporters also complain about the difficulties caused by the ongoing container shortage.

MALATYA. Farmers and producers in Turkey are still very divided about the crop volume for the new season. Storm and frost damage will ultimately prove to be decisive.

ORDU. During the counting for the new crop, some anomalies were found in the Ordu region. In addition, a purchase bid by the TMO could be announced soon.

HANOI. Vietnamese producers can be pleased about high demand and very good exports. However, there are considerable differences in prices.

BEIJING. Little by little, prices for Shine Skins are increasing on the Chinese market, with quotations for...

ATLANTA. Both domestic and export demand in the US have increased significantly compared to the previous season. For most a reason to rejoice - only the farmers are not that happy yet.

MADRID/SACRAMENTO. Last week's subjective estimate issued by the National Agricultural Statistics Service (NASS) came with a bang. Although market experts reckon that another production record is out of the question in California this year as the almond trees need time to recover from last year's record of 3.12 billion pounds, the initial subjective forecast rather predicts another bumper crop of 3.20 billion pounds. This would be the third year in a row that production hits a record in California and begs the question how realistic such expectations are. Traders in Europe have, meanwhile, been deliberating over the impact of the pandemic over the last few months. Now the import data recently updated by the European Commission shows a clear trend in terms of demand.

View the latest AUDITOR issue - the agricultural raw material information service.

TEHRAN. After the severe night frosts in April, Iranian farmers have now been able to provide initial damage estimates - and the weather continues to keep producers on their toes.

NEW DELHI. Due to the Corona situation in India, farmers are short of labour for the current crop, which could delay the process. At the same time, the high…

NUR-SULTAN/OTTAWA. The prices for Eastern European flaxseed are stagnating at a high level. Market players report…

MADRID/SACRAMENTO. The first official crop estimates for the 2021 almond crop are imminent, and at the same time the US almond market continues to record very good export figures in April.

MANILA. The factories in the Philippines are working at full speed, but massive delivery delays still cannot be avoided. The outlook for the rest of the year is also anything but promising.

SOFIA/BRUSSELS. Despite contradictory cultivation reports, market players remain confident about the development of this year's crop. Officials also continue to speak of a significant increase in cultivation.

MALATYA. Due to Ramadan, demand on the apricot market has dropped massively in recent weeks. However, things look promising for the new crop.

AYDIN. Market players report good weather conditions in the growing regions. However, fruit formation is expected to be delayed due to the cool night temperatures.

MANISA. Sunny weather promises good conditions for the development of grapes in the growing regions. Due to low trading activity, there were some price corrections this week.

CHRUDIM/ANKARA. The Czech poppy seeds are developing well, with the plants receiving sufficient moisture. Meanwhile, poppy seed exports experienced a significant upswing in March.

HANOI. Both the import of RCN and the export of processed kernels are currently causing concern for market players in Vietnam. On the European spot market, this is not yet noticeable in terms of prices.

BEIJING. In a few days the sowing for this year's pumpkin seed crop will be completed and so far it looks like the forecasts of a smaller acreage will be confirmed.

ATLANTA/SANTIAGO. The USA is not only experiencing smaller acreage this season, but is also struggling with high freight rates and EU import tariffs. The harvest in Argentina is delayed, but the crop is of high quality.

ORDU. Hazelnuts have certainly defied the trend. While the prices for many agricultural commodities have surged in recent weeks, buyers in the hazelnut market have rather profited from attractive prices. With attention shifting more and more towards the new crop, however, the tide is starting to turn. Issue is that prospects appear to be far from encouraging in other producing countries such as Azerbaijan or Georgia. Suppliers in Turkey, in other words, have no need to panic. Trading will, however, be very much subdued this week.

View the latest AUDITOR issue - the agricultural raw material information service.

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.

NEW DELHI. Due to high daily new infections, trade in the Indian market has been severely reduced. Many large...

TEHRAN. The pandemic is certainly far from over and the economic backlash is felt in the date market. Domestic supplies are normally very much depleted at the start of Ramadan. Things are, however, different this year. Although around half the month of Ramadan is over, large inventories remain. The cold storage supplies in Bushehr Province give a hint as to how critical the situation may become.

BEIJING. Sowing is expected to continue in the Chinese growing regions until the end of May. Only then do many market players want to engage in further speculation.

TEHRAN. Since barberries are considered a luxury product the farmers in Iran are particularly hard hit by the pandemic. Bearing last year’s experiences in mind they have adopted a much more cautious approach in selling new puffed barberry arrivals to the market. Price developments in the export market differ from prices in the domestic market.

SACRAMENTO/SANTIAGO. The Chilean walnut crop will soon be available on the market. However, large parts of it have already been committed.

TEHRAN. Although Iran successfully stepped up saffron exports, much is left to be desired. Exports hit more than 322 mt in March 2020 through to March 2021, despite the sanctions. Performance may have, however, been much better. Suppliers emphasise that illegal smuggling activities are not the only problem, but that packaging is key to drive up sales.