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Grains
Nov 27, 2020

Grain: global production estimates sharply revised

CHICAGO/PARIS. New export and production estimates have been issued for wheat and corn in the Black Sea Region and the EU along with revised IGC production estimates. Attention is shifting more and more towards 2021.
Spices
Nov 27, 2020

Spice market update: sowing for rabi crop in full swing

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli and black pepper as well as a price list for more than 70 products.
Oilseeds
Nov 26, 2020

Blue poppy seeds: exports 15% lower than the 10-year average

CHRUDIM/ANKARA. Czech poppy seeds exports were significantly lower in the first months of this season. However, market players no longer expect price corrections before the turn of the year.
Spices
Nov 26, 2020

Vanilla: Covid-19 acts as a speed bump

QUEBEC. In the recently issued vanilla market update for November leading supplier Aust & Hachmann has dismissed the onset of the pandemic on the market as a speed bump. After years of extortionate prices, the market continues to change. Developments in Madagascar are, however, raising concerns.
Oilseeds
Nov 26, 2020

Sesame seeds: South Korea issues new tender

NEW DELHI/SEOUL. South Korea issued a new tender on Thursday. Although the market was certainly reckoning with the tender, it should have an impact on the chaotic price situation.
Nuts
Nov 26, 2020

Desiccated coconuts: prices increase by a third

MANILA. The fears of market players have been confirmed: As the Philippines face numerous problems on various levels, coconut prices have increased significantly.
Nuts
Nov 26, 2020

Bitter apricot kernels: Turkey's exports slump by 55%

MALATYA/BEIJING. According to the Malatya Commodity Exchange Turkey's apricot kernel exports have...
Oilseeds
Nov 25, 2020

Sesame seeds: price chaos rules the market

NEW DELHI/ANKARA. Even though some traders from India are relieved to report that their cargoes in EU ports are not meeting the...
Oilseeds
Nov 25, 2020

Flaxseed: Canada's exports reach ten-year high

NUR-SULTAN/OTTAWA. September 2020 was the strongest import month for Canadian flaxseed in the last ten years in Germany. Meanwhile, market players report delays in delivery at the Kazakh-Chinese border.
Dairy Products
Nov 25, 2020

Butter: market proves more resilient this time round

FRANKFURT/BRUSSELS. Although it looks as though tougher lockdown measures will be implemented in Germany, the bulk butter market is evidently learning how to deal with the pandemic. The second coronavirus wave continues to have a strong hold on Europe with implications for the butter market.
Nuts
Nov 25, 2020

Peanuts: world crop increases by nearly 13%

BEIJING/ATLANTA. The production estimates of the INC and the USDA differ markedly in some respects. However, they agree that a good world crop can be expected in the 2020/2021 season.
Grains
Nov 25, 2020

Cereals daily: weather conditions spell disaster

CHICAGO/PARIS. Drought like conditions in parts of the US and a heat wave in South America are driving up prices. Russia may introduce an export tax. Germany's Christmas trade has started much earlier.
Oilseeds
Nov 24, 2020

Sunflower seeds: prices for bakery kernels are still rising

SOFIA. More and more suppliers are withdrawing from the sunflower seed market for the time being. Market players hope for a few quiet weeks during the holidays.
Nuts
Nov 24, 2020

Pine nuts: prices will keep increasing

BEIJING/ULAANBAATAR. After the decision of the Mongolian government to stop all raw nut exports to China for the time being, some Chinese pine nut traders have again massively increased their prices this week.
Company News
Nov 24, 2020

Food retailers under fire for response to unfair trading practices

BERLIN. Food retailers Aldi, Lidl and co. have come under fire for voicing their opposition to Chancellor Angela Merkel over Germany’s newly proposed legislation on unfair trading practices. In an open letter addressed to the four largest food retail groups that hold an 85% market share the German Farmers’ Association vividly highlights and condemns the markets hypocritical stance.
Dried Fruit
Nov 24, 2020

Dried figs: last chance before Christmas

AYDIN. Although Turkey's dried fig exporters are trying everything in their power to ship deliveries before Christmas, exports lag well behind last year.
Dried Fruit
Nov 24, 2020

Dried apricots: exchange rate fluctuations unsettle exporters

MALATYA. The volatility of the Turkish lira is causing exporters of dried apricots to take unusual measures. Exports keep on declining.
Grains
Nov 24, 2020

Cereals daily: emerging crises on the Black Sea

CHICAGO/PARIS. While there is doubt about Russia's export quotas, Ukrainian producers are threatened with a wave of lawsuits for non-fulfilment of contracts.
Dried Fruit
Nov 24, 2020

Sultanas: British buyers launch release orders

MANISA. The Izmir commodity exchange is now only open two days a week. With the end of the Brexit transition period drawing near sultana exporters report that buyers in the UK are issuing release orders.
Nuts
Nov 23, 2020

Almonds: how low can prices go?

MADRID/SACRAMENTO. With prices persistently following the same trend for weeks and even organic almonds trading lower the market is starting to wonder when prices will hit rock bottom
Oilseeds
Nov 23, 2020

Pumpkin seeds: organic goods are scarce

BEIJING. The high farmgate prices cause considerable price differences in the Chinese pumpkin seed market. Depending on the supplier the export prices can vary up to USD 500/mt.
Nuts
Nov 23, 2020

Macadamias: good prospects for 2021

CAPE TOWN/CANBERRA. The latest INC report shows that the two main macadamia growing countries, South Africa and Australia, are experiencing declines in production. For 2021 the forecasts are much better again.
Dried Fruit
Nov 23, 2020

Dried figs: illegal exports to China

TEHRAN. Iran’s dried fig exporters resort to creative means to circumvent high import duties in China. Problem, however, is that this results in illegal trading activities, thereby creating enormous damage for the industry. Market players are also calling for quality controls to be improved.
Nuts
Nov 23, 2020

Hazelnuts: new price impulses to be issued soon

ORDU. The decision of Turkey's central bak to raise the interest rate by 4.75% has given the lira a nominal lift. Export prices have, however, taken a rather surprising turn. Market players are now waiting for Ferrero.
AUDITOR Issues
Nov 20, 2020

The AUDITOR Issue 46/2020

View the latest AUDITOR issue - the agricultural raw material information service.
Interviews
Nov 20, 2020

Expert opinion: Trump's farewell greetings jeopardise Iran’s trading activities

WIESBADEN. In his final days in office U.S. President Donald Trump has added fuel to fire in the conflict with Iran. His actions also have an adverse impact on trading activities in the food commodity market. In an Interview the AUDITOR Iran expert Dawood Nazirizadeh highlights what exporters, traders and buyers should expect over the next few months and how Iran views Trump's maximum pressure strategy.
Oilseeds
Nov 19, 2020

Oilseeds update: extremely high sesame seed prices

FRANKFURT. Monitoring of the oilseed sector with day-to-day price comparisons.
Oilseeds
Nov 19, 2020

Flaxseed: prices reach record levels

OTTAWA/NUR-SULTAN. Eastern European flaxseed is being traded at a level not seen for years. Canadian traders follow this example.
Oilseeds
Nov 19, 2020

Sunflower seeds: calls for higher tariffs in Ukraine

SOFIA/KIEV. Several associations in Ukraine would like to follow Russia and are now demanding higher export duties on sunflower seed shipments to the EU. Their alleged objective is to safeguard domestic supplies.
Nuts
Nov 19, 2020

Pine nuts: prices continue to rise

BEIJING. The shortage of raw nuts as well as the Covid-19 situation are causing the prices for pine nuts to continue to rise; they increased by more than USD 2,000/mt in the course of this week. Market players do not see an imminent end to these difficulties.
Grains
Nov 19, 2020

Cereals daily: market ups and downs

CHICAGO/PARIS. New data on China's hog market has given wheat and corn a lift. Buyers are keeping a close eye on China's activities, Russia's export strategy and any shifts in supply.
Oilseeds
Nov 19, 2020

Blue poppy seeds: prices set to decline in 2021

CHRUDIM/ANKARA. With only a few weeks to go go until Christmas blue poppy seed traders in the Czech Republic are no longer reckoning with any shifts in prices. The situation will, however, change after the turn of the year.
Grains
Nov 18, 2020

Buckwheat: Polish crop lower than expected

BEIJING/WARSAW. Market players are reporting increased glyphosate levels in Russian buckwheat shipments, while a decline in the crop estimates in Poland is also reducing availability.
Nuts
Nov 18, 2020

Brazil nuts: reduced production capacities due to Covid-19 measures

SUCRE/LIMA. The coronavirus pandemic leaves its mark on the Brazil nut market. While production estimates remain stable, there is a lack of containers in the countries of origin.
Nuts
Nov 18, 2020

Pistachios: mismatch in US production estimates

SACRAMENTO. The recently issued INC production estimates do not match arrivals in the US. In addition, US exports range 4% lower than last year.
Grains
Nov 18, 2020

Cereals daily: unbeatable prices in Australia

CHICAGO/PARIS. Millers and livestock feed suppliers are looking for more favourable prices for wheat, corn and other cereals in Western Europe. Exports are running relatively smoothly with arrivals from Australia expected to create a backlash soon. China has cut back in corn imports.
Nuts
Nov 18, 2020

Pecans: promising start to the new season

ATLANTA. Market players in the US pecan market are talking about the best start of an export season in three years. Despite higher crop volumes, supplies could become scarce during the season.
Dried Fruit
Nov 17, 2020

Dried figs: buying is more subued

AYDIN. Turkey's dried fig exporters are busy completing shipments before Christmas. The TMO intends to become active. Global production figures are also not exactly encouraging.
Dried Fruit
Nov 17, 2020

Sultanas: Turkish lira and Covid-19 have a strong influence on the market

MANISA. Despite the comparatively low prices, Turkish exporters are dissatisfied with the demand situation. Meanwhile, the INC has announced the preliminary production results for global sultana and raisin production.
Nuts
Nov 17, 2020

Walnuts: contradicting production estimates

SACRAMENTO. Market observers have recently issued production estimates that differ widely. Global production estimates are, by contrast, surprisingly uniform.
Dried Fruit
Nov 17, 2020

Raisins: US presidential election has drastic impact on prices

TEHRAN. Raisins have fluctuated heavily in price in Iran over the last few weeks. Buyers remained restrained in the run up to the US presidential elections. Events have now taken a new turn. Production is, meanwhile, being modernised in Qazvin Province.
Dried Fruit
Nov 17, 2020

Dried apricots: Turkey shows confidence

MALATYA. Turkey is pursuing ambitious goals as far as the exports of dried apricots are concerned. An important step has already been taken through the TMO's intervention purchases.
Nuts
Nov 17, 2020

Almonds: global production estimated at 1.68 million mt

MADRID/SACRAMENTO. The International Nut and Dried Fruit Council (INC) reckons that global almond production will rise by 16.5%. At the same time, US exports are highly encouraging. Producers in Spain are, however, pushing for higher tariffs on US almonds.
Nuts
Nov 16, 2020

Pine nuts: no export licences for Mongolian raw nuts

BEIJING/ULAANBAATAR. The procurement of raw materials is still a problem for Chinese pine nut exporters. Despite the good crop forecasts, there is a lack of raw nuts, especially Pinus sibirica.
Nuts
Nov 16, 2020

Cashews: world crop at a stable level

HANOI. According to the November report of the INC, there are noticeable increases in production in many important growing countries such as Vietnam. For Nigeria, however, the outlook is anything but promising.
Oilseeds
Nov 16, 2020

Pumpkin seeds: freight rates prompt rise in export prices

BEIJING. The decline in demand and lack of enquiries in the export market are weighling heavily on market sentiments in China. Pumpkin seeds can hardly, however, trade any lower.
Nuts
Nov 16, 2020

Desiccated coconuts: no rest for the Philippines

MANILA. This season the Philippines have been hit even harder by severe typhoon damage. The effects are also clearly evident in the coconut industry.
Nuts
Nov 16, 2020

Hazelnuts: Ferrero buys large volumes

ORDU. The gain in value of the Turkish Lira and Ferrero's buying activities have caused a stir in Turkey's hazelnut market.
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