U.S. sugar use down in 2020/21, sugar deliveries for food use up modestly

USDA published figures for sugar demand during the 2020/21 market year. Based on this data, the agency sees all 2020/21 domestic deliveries for food use at 12.109 million STRV, down nearly 1 percent from 2019/20 deliveries of 12.246 million STRV. (Note that this figure [...]

CBD pricing steady month on month

As of Oct. 21, average U.S. CBD isolate pricing was steady month on month, remaining 3 percent below prices seen in early August and 13 percent below the calendar-year high in January. To better understand public health issues around CBD and other cannabinoids, FDA [...]

Forewarned is forearmed…with Halloween candy!

Pent-up Halloween spirit (and spirits?) may elevate candy purchasing this month to a record $3 billion, according to the National Retail Federation’s annual spending survey. The CDC is cool with trick-or-treating this year (with the caveat, of course, to respect local regulations), and 66 [...]

Inflation in commodities heating up

Two releases from the government this past week stoked fears of inflation rising faster than previously forecast, with both CPI and PPI numbers exceeding expectations. Seasonally adjusted, the Consumer Pricing Index (CPI) was up 0.8 percent in April and up 4.2 percent over the [...]

Europe loosens its stance on CBD as U.S. market grows

Last month, the EU’s high court, the Court of Justice, ruled that CBD derived from the entire hemp plant is not a narcotic per an international drug treaty, allowing the ingredient to be traded freely and legally among member states. The Court has yet [...]

Food Price Index rises for second month

Adjusted for inflation, the September FAO Food Price Index was reported up 2 percent from August and up under 6 percent YOY. This is the fourth straight month of monthly gains but only the second straight month of YOY gains. Month on month, most [...]

Halloween preppers thrill to early candy offerings

This year, Halloween falls on a Saturday, which usually engenders a comfy feeling for the confectionery industry. Saturday is clearly the best day for partying, tot-style and otherwise, and sales of candy and other fun stuff reflect higher participation. However, with efforts to contain [...]

COVID-19 boosts Japan’s food retail sales

Supermarkets in Japan saw YOY sales increase by 20 to 30 percent in March and April. Demand has been especially strong for wheat flour and wheat cooking mixes, vanilla extracts, pastas and sauces, and sweet syrups, per Toyo Economic. A recent USDA GAIN report [...]

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