The first press review for raw materials in agri food industry
ICE frozen concentrated orange juice futures closed higher Wednesday as a short-covering rally boosted the most-active September contract to its best level in more than a week.Sep FCOJ settled up 110 points at 79.95 cents per pound.
The federal government Tuesday trimmed its estimate of the state’s almond crop by 7 percent, welcome news to growers worried about an oversupply. The 2009 harvest is projected at 1.35 billion pounds, versus 1.45 billion…
The weather in June adversely affected the quality of strawberries and cherries. Also sour cherries orchards suffered damage because of heavy rains. There is still time left to the cherries harvest, but fruits on trees have already started cracking.
Brazil’s CY 2009 apple production is expected to rebound to 1.17 million metric tons (mmt) up 4 percent from CY 2008’s 1.12 m mt. However, apple exports are expected to drop 20 percent to 90,000 tons due to the economic crisis and greater world apple supply.
Tomato production is estimated to decline significantly in CY 2009 dropping 9 percent to 3.58 million metric tons (mmt) from 2008’s harvest of 3.94 mmt. Production is expected to fall in terms of both area planted (from 62,100 to 59,100 hectares)…
Serbian raspberry producers littered the streets in the town of Arilje with raspberries from their recent harvests on Sunday, in a demonstration of their dissatisfaction with this year’s raspberry purchase prices.
According to Ihcafe estimates, Honduran coffee production from the current 2008-09 harvest through June 15 was down 1.5% to 2,907,587 60-kilogram bags. Honduras is one of Latin America’s five largest producers of mild washed arabica beans.
Howard Schultz Chairman of US retail giant, Starbucks has been in the country as part of an initiative to boost coffee projects. In an interview with The New Times, he spoke about his company’s vision for Rwandan coffee farmers,…
Agrozumos, del grupo alemán Riha, ha condicionado su planta de Lekunberri para poder envasar los productos del grupo Eckes-Granini Ibérica en formato pet de última generación, para lo que ha realizado una inversión de 20 millones de euros.
Ferrero Trading Lux has purchased 3,000-hectares in Samegrelo for a future hazlenut plantation. The Italian firm reportedly paid 6.5m EUR and is expected to invest an additional 8m EUR next year in the venture.
“The situation is not critical; however, if the heavy rain continue for several weeks, the harvest of fruit, vegetables and other crops could be much smaller,” says Andrzej Gantner, general manager of the Polish Federation of Food Industry.
Global apple production is expected to expand 10 percent and trade is expected to surge 25 percent in 2008/09 due to strong demand from Russia and the Middle East. China dominates production and trade, and its exports are forecast to surge more than 30%.
On Monday, June 29 some purchasing centers started buying blackcurrants. As it was expected the prices aren’t satisfied for growers – 1.60-1.80 PLN (0.35-0.40 euro)/kg. However one can expect that the price of the blackcurrants…
U.S. coffee futures ended at slightly firmer levels Monday, after quiet, consolidative trade. ICE September coffee closed up 105 points at $1.2025 a pound. News of a Honduran military coup over the weekend has failed to significantly…
Basically, the whole Brazilian coffee belt from Parana through Sao Paulo, Minas Gerais, Espirito Santo and Bahia coffees are being harvested, prepared and stored. Maybe, this early full harvest and continental sized activity…
ICE frozen concentrated orange juice futures closed lower Monday as funds continued to liquidate positions on the lack of fresh news for the citrus market. September FCOJ settled down 5 points at 76.35 cents per pound.