U.S. net agricultural export totals adjusted downward

Last Thursday, May 30, USDA released its quarterly Outlook for U.S. Agricultural Trade, forecasting import and export value totals for the current year. USDA decreased its initial export value forecast by $4.5 billion, from $141.5 billion down to $137 billion. Lower forecasted export shipments [...]

U.S. PJC imports just 28.4 million liters in Q1 2019

Despite low, stable pricing for pineapple juice concentrate, U.S. imports remain weak overall, with January-March 2019 imports down 9 percent from Q1 2018. Q1 imports from our top three origins (Thailand, the Philippines, and Costa Rica) accounted for over 80 percent of total Q1 [...]

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 [...]

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 [...]

Demand for nutritious beverages on the rise in China

In a recent report, USDA found urban Chinese consumers are eating and drinking healthier than in previous years, emphasizing “eating well” over “eating full.” This mindset, along with a need for convenient nutrition, has led to growth in China’s beverage industry. In fact, profit [...]

U.S.’s January OJ imports up 23 percent YOY

The U.S. imported 56.5 million single-strength-equivalent (SSE) gallons of OJ in January, 30 percent as NFC juice. Brazil provided just over half of all OJ imports and 80 percent of NFC. Mexico was the source of nearly all the remaining orange juice volume, including [...]