Peru’s ginger exports in quarter 1, 2024 soared to 8, 453 tonnes worth $22.6 million, echoing annual exports in 2023 which grew by 86%. This is even as 2024 prices look onto an upward trajectory as supplies ebb. From January to March 2024, North American and Western European markets commanded 92% of the international sales, according to Agraria.pe. The United...
Predictions of rain in Ghana, Ivory Coast and Indonesia offset cocoa prices May 14, 2024 to a 60-year biggest weekly drop. New York futures markets registered a fall of 19% week-on-week in the best-performing contract while London experienced an 18% drop. The two marked the steepest decrements in the past 1 week and the sharpest in some 60 years....
Since exporting 372,407 60-kg bags of Robusta and 62,175 bags of Arabica in February, Uganda’s coffee sector has seen sharp changes. The main developments since mid-March 2024 have included: Farm-gate Prices of Uganda’s Coffee Beans Double Beginning midway March 2024, farm-gate prices of coffee beans in Uganda have notched 100% above the 2023 average. Traders were offering...
A California juice product corporation on May 13, 2024 sued the state for implementing a 2022 farm workers’ unionization bill. Wonderful Co, the giant processor of fruit drinks like Halos Mandarin Oranges and Fiji Water, vows to stop the implementation. Governor Gavin Newsom of California had enacted the law under pressure in 2022 and since...
A month before the summer harvest in the southeastern province of Binh Duong, wholesale prices of mangosteens in Vietnam tower above those of Thai imports. A May 12 sales report shows that mangosteen from Thailand sold at between VND50,000 and 65,000 ($1.96-2.55). This is even as local fruits in Vietnam averaged VND80,000 and 100,000 ($314-$3.93) a kg....
The U.S. Department of Health and Human Services (HHS) said May 10 it is paying dairy farmers $28,000 apiece to contain avian flu. The allocation happens nearly a month since the discovery of avian flu in dairy products in mid-April, 2024. The Food and Drug Administration (FDA) alongside the U.S. Centers for Disease Control and Prevention (CDC)...
Soybean prices fell early morning on May 13 in Chicago despite news of flood devastation on unharvested soy fields in southern Brazil. The benchmark soy price in Chicago sold at $12.153/4 a bushel, a 0.3% drop from the foregoing week ending May 10. Prices began to slip on May 9 after consecutive May 6 and 7...
For the first time in 124 years, Cuba’s sugar industry could resort into imports after decades-long production slashes. Output fell drastically in recent years due to the U.S.’ sanctions and poor weather, forcing mills into non-operation. The rum, carbonated drink, fruit jam and medicine industries all depend on ample sugar supplies, hence the current import speculations. By...
Packed asparagus in Canada
Malaysia will start offering free orangutans to China, the European Union (EU) and India as an environmental gesture for importing its palm oil. Analysts are already comparing this “orangutan diplomacy” to China’s “panda diplomacy.” Palm oil production takes place in Borneo island and Sumatra, whose palm forests also double as orangutan habitat. Plantation owners also...