Will COVID-19 decrease sugar consumption?

The COVID-19 pandemic is likely to pressure overall sugar use in countries and regions that have set self-isolation measures, curfews, and lockdowns. Sugar trader Czarnikow cut its estimate for global sugar consumption by nearly 2 MMT on Monday. Demand reductions of as much as 5 percent were suggested for China, Germany, France, Italy, and South Korea. Overall consumption [...]

Mixed moves in February for Food Price Indexes

For February, FAO is reporting its overall Food Price Index (inflation adjusted) down 1.0 percent from January 2020, though still up 8.1 percent from February 2019. Year on year, the individual subindexes are up by high single digits or higher. The one exception is [...]

Dairy prices retreat as coronavirus spreads

As confirmed coronavirus cases and fatalities mount—mostly but not solely within mainland China—dairy prices eased in the most recent Global Dairy Trade auction falling by nearly 5 percent. Travel restrictions and reduced growth forecasts as a result of the virus are curbing future demand [...]

Chinese imports & exports limited by coronavirus

The coronavirus that broke out in Wuhan, the capital of China’s Hubei province, in late January is expected to have lingering impacts for the next several months, if not longer. The number of infected people was approaching 25,000 as of early this week and [...]

Growth for most food price indexes at close of 2019

In December 2019, the FAO Food Price Index (FFPI) saw growth of 12.5 percent YOY (all figures adjusted for inflation). The FFPI saw YOY in the seven months from July through December, allowing the index to close 2019 down just 0.2 percent YOY. Of [...]

Organic produce maintained its momentum in 2019

Organic produce sales in the U.S. rose 5 percent YOY in 2019 and represented almost 10 percent of overall produce sales, per the Organic Produce Network (OPN). OPN’s 2019 Organic Produce Performance report divided U.S. states into four regions, listing highest to lowest in [...]

Crude production up, ethanol production down for 2020

On Jan. 6, after trending upwards since early October 2019, Feb-20 WTI crude futures reached a nine-month-high. The contract rose almost 3 percent after tensions were heightened between Iran and the U.S. following the U.S. killing of Iranian Major General Qasem Soleimani. Since Jan. [...]

Australian wildfires visible from space

Having burned through over 15.6 million acres, the Australian wildfires have forced thousands to evacuate. Fires have been particularly intense along Australia’s east coast, with New South Wales suffering severe damage and Victoria declaring a state of disaster. Coastal communities, where fires were fanned [...]