India continues to lean into fuel ethanol

Next April, some Indian gas stations will begin retailing gasoline with a 20-percent ethanol blend, per the Business Standard. India is estimated to be the fifth-largest manufacturer of ethanol. The Modi administration has pursued bioethanol fuel use aggressively for several years to increase the [...]

U.S. wheat stocks raised 25 million bu on lower use

As the 2021/22 marketing year wraps up for wheat, the U.S. has not seen an increase in export sales, leading USDA to trim the season projection by 15 million bushels in today’s WASDE report. Now estimated at 785 million bushels, 2021/22 wheat exports are [...]

U.S. honey imports plummet under antidumping duties

In November 2021, the U.S. levied varying levels of anti-dumping duties on our top honey origins, effectively choking trade from Vietnam, Argentina, India, and Brazil. Imports of raw honey in November totaled 8,933 metric tons and fell to 6,271 MT in December, compared to [...]

World Food Price Index up for 11th straight month

Adjusted for inflation, the FAO Food Price Index (FPI) was up 2 percent from March, up slightly from the 12-month average growth of 1.7 percent. This increase was supported by robust gains for the sugar, meat, and oils subindexes, although every category appreciated in [...]

World vanilla supply recovery continues

The continued recovery in global vanilla production, along with improved quality of 2019/20 beans, has brought prices below half their peak, near $600, seen a few seasons ago. Madagascar’s government has set a price floor of $250 kg for its vanilla beans, and the [...]

Strong February gains for the Food Price Index

FAO reported the February Food Price Index (inflation adjusted) up almost 15 percent from January. The index saw gains for nine straight months and is now at its highest point since 2011. Every single subindex gained in February, with the strongest gains seen for [...]

Will supply disruption affect the honey market?

One of the fastest-growing exporters of honey to the U.S. has been India, and India has been our largest honey supplier since 2017, when it displaced Vietnam from the top spot. U.S. imports from India grew 12 percent by volume in 2019 over 2018, [...]

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