More palm oil production expected in Latin America

In response to global concern about the loss of tropical rainforests, Malaysia has promised to limit its palm plantations to a total of 6 million hectares. Malaysia will also work to certify all domestic production as sustainable by the end of 2019. Now that [...]

FAO Sugar Price Index finally showing gains?

After falling 2.8 percent in 2018, FAO’s Food Price Index (FFPI) is down 2.7 percent YOY for the first four months of 2019. (The index, adjusted for inflation, uses as baseline food price data from 2002 through 2004.) Looking at monthly data, April 2019 [...]

Stock markets slide amid U.S.-China trade uncertainty

Stock market volatility picked up last week with a further hike for U.S. tariffs on Chinese products. The Trump administration accused China of reneging on several areas previously negotiated, and tensions escalated further between the two countries. The current understanding is that imports already [...]

WASDE: Bearish corn & soybeans, sugar more steady

In the May 10 WASDE report, USDA’s 2019/20 forecasts left corn and soybeans in bearish territory, while sugar showed stability. U.S. corn stocks-to-use (STU) ratio was projected at nearly 17 percent, with ending stocks for 2019/20 expected to rise 16 percent compared to 2018/19. [...]

Valencia oranges lowered to 42.0 million boxes

Today’s citrus production report confirmed recent speculation that the 2018/19 Florida Valencia crop is not as large as USDA’s earlier forecast. USDA lowered estimated Valencia production by 4.0 million 90-lb boxes, down 9 percent from the April projection. The state’s early-midseason orange production was [...]

U.S. East Coast sugar taxes update

For 2019, the sugar tax and other beverage regulations were the big story that wasn't. Instead, the two-cent-per-ounce tax, cup-size limits for food service, labeling requirement, etc. will have to wait till at least the next legislative session. This will shift attention—and intense lobbying [...]

African swine fever: Hogs, China, & trade

One of the hottest current topics in agricultural markets is African swine fever, a virus ravaging the Chinese hog industry. Market concerns abound, from whether the virus can spread to other regions globally (such as the U.S.) to its potential impact on pork production [...]

Strong Ivory Coast midcrop cocoa arrivals continue trend

Arrivals from October through April are thought to be above 1.84 MMT, some 200,000 MT higher than arrivals for the same period last season. This marks a 12 to 14 percent increase from last season, depending on the baseline figures used. In the last [...]