A recent price gallop to $0.20 a pound could not prevent sugar in its raw form from sliding -2.08% on March 24, 2025. Production revamp estimates in parts of Brazil and a strong dollar are behind this latest slide in New York. After hugging $0.20 beginning March 17, the unrefined sweetener or sugar #11 fell to $0.19 a pound...
Raw beans of cocoa rebounded March 24, 2025 but are still dragging inside $8,000 per tonne as price-related demand ebbs. Since the International Cocoa Organization (ICCO) announced a long forthcoming annual surplus of 142,000 tonnes in February 2025, trade has turned bearish. On the 24th however, some contracts in New York and London sharply resurged by over 4% on slowing...
Newfoundland (NL) and Labrador’s waters will welcome the snow crab season on April 1, 2025 with upward quotas…and no price. On March 22nd, the Fish, Food & Allied Workers (FFAW) and the Association of Seafood Producers (ASP) failed to negotiate the seasonal price. They eventually had to push the talks to March 23 or 24 for third-party...
Canned and juiced pineapple products in the United States face an imminent price hike by a leading processor due to supply issues. According to Bloomberg on May 18, 2025, the multinational Dole PLC will mark up some of its canned and juice range, starting June 9. The dossier that reveals this looming hike has not clarified...
Wholesale egg prices in American cities were down to $4.15 a dozen from March 14, 2025 onward as demand weakened and supply rallied. According to the U.S. Department of Agriculture (USDA), these changes haven’t registered fully on retail due to consumer resistance to carryover prices. With avian flu cases ebbing in March, it will however be only a while...
Lobster-rich Atlantic Canada is attending the Boston Sea Expo North America in Boston to find market alternatives amid bothersome tariffs. The event has drawn fishermen and lobster industry representatives from New Brunswick (NB) and other Atlantic provinces/territories. Each is in one way or another seeking alternative customers at the international event. This follows the latest...
The reigning meager retail pricing in Europe of export bananas from Latin America is opening a pandora’s box. This is after six countries from the region decried the price against costly export certifications. The Banana Cluster of Ecuador on March 17, 2025 specifically reprimanded the Kaufland chain for retailing imports in Germany at 0.88 euro ($0.96) a kg. Producers further demanded...
Depreciating sugar stock in Brazil and India has added an icing on hitherto low global prices. Early on March 18, 2025, the top contract for raw sugar in New York rose 3.7% day-on-day to a three-week high. At $0.20 a pound, the sweetener has finally redeemed itself from lengthy underperformance below $0.18. Shortage in India Factors contributing...
New York is observing the National Agriculture Week, March 17 to 21. For the Empire State, it is all about dairy, whose prices currently show stability. State-level milk prices gained $3 per hundredweight [CWT] year-on-year early 2025 amid rising consumption. According to the U.S. Department of Agriculture [USDA], New York was selling milk at $25 per hundredweight, 14%...
Ruakākā in northern New Zealand is honing a multi-billion-NZ-dollar industry via its commercially promising youthful kingfish aquaculture. The Haku Farm project by the National Institute of Water and Atmospheric Research (NIWA) is readying to overtake farmed salmon revenue with that from cultured kingfish. Haku, whose name in the Maori means kingfish, anticipates to make the kingfish industry worth NZ$3 billion...