As the Hamas war marches past its 460th day, the Israel tomato price monitor is ticking downward after a 90% local supply rally. According to the Director General of the Ministry of Agriculture Oren Lavie, wholesale rates were down by 4 shekels ($1.09) to the kg on January 1, 2025. Wholesale tomatoes that had been trading at 11...
At a time when the world is handling a progressive sugar price decline, Indian subcontinental sugar supply is down, forcing prices up. In Pakistan, government radio on January 3, 2025 sent a statement detailing how the state will rein in the steep prices. During the broadcast, the Minister of Industries and Production Rana Tanveer invoked an...
After ameliorating a little in December 2024, global orange juice prices rose again in early January 2025 to $5.0479 per pound. This is even as weather-related shortage in Spain and Florida weigh in. Prices of the popular refreshment could remain strong, even going beyond the 2024 high of $5.5550 per pound back in September. Although Egypt had partially covered...
President Cyril Ramaphosa accompanied by local meat packer, Beefmaster Group, have explored red meat export opportunities for South Africa in Algeria. During the trade call in late 2024, Ramaphosa and the group’s CEO Gert Blignaut promoted their sector’s strengths to potential importers in Algeria. One of the opportunities is the trailblazing footprint of South Africa’s...
Although 2024 brought Pakistan an agricultural sector growth of 6.25%, the minimum support price (msp) of wheat in Punjab suffered state defaulting. While the state government had promised 3,900 Pakistani rupees ($14) per 40 kg bag as the wheat msp, the plan somehow fell through. The World Bank-supported msp of wheat has been helping local farmers who...
A dry season, a milling revolution, upshot international coffee prices and a timely harvest have gifted Kenya’s premium coffee a temporary break. Farmers have from November 2024 been enjoying high rates from roasters, spot on the country’s strategic October-December harvest. Weekly prices at the Nairobi Coffee Exchange on December 4, 2024 shows grade AA cost between $292 and 380...
Official reports indicate that rice production in Russia in 2024 has surpassed 1.2 million tonnes, 17% more than in 2023. According to a preliminary update by the Agriculture Ministry, the rise in production matched planted area expansion at 207,000 hectares. Leading sources include the southern province of Krasnodar, which reaped some 829,000 tonnes or three-quarters of...
The trading world is dominated by metals, oil and other commodities but rarely does an organic commodity excel above these. In 2024, cacao beans which emanate mainly from Ivory Coast and elsewhere did just that thanks to steep pricing. According to experts in Chicago, cocoa tailed off 2024 as the top market performer after experiencing 172% yearly gains. A...
Grapes and olives define New Year’s Eve in Spain and in 2025 people celebrated with the 12 grapes eating tradition. From towns in Alicante province in southeastern Spain to Murcia and Madrid, residents on December 31, 2024 scrambled to eat all twelve fruits. Consuming the fruits between the 12 strokes of the midnight bells apparently brings good luck in...
With production outlook brighter for 2025, worldwide sugar prices continued a downward trend late December 2024. Leading futures markets highlighted this trend, with sugar #1 losing by -0.93% in New York on December 30. Likewise, March deliveries for sugar #5 (white sugar) in London futures lost by a similar 0.92% margin, day-on-day. The New York...