Latest News - Page 86

Oilseeds

Mar 30, 2020

Flaxseed: Russia buys raw seeds in Kazakhstan

MOSCOW/NUR-SULTAN. Due to high prices, the oil mills in Russia there are increasingly buying raw seeds in Kazakhstan. Shipnebts to Germany have, however, declined this season.

Grains

Mar 30, 2020

Corn: Saudi Arabia puts heavy pressure on the crude oil market

PARIS. The US corn market is under heavy pressure because Saudi Arabia has increased its crude oil production in order to take revenge on Russia for Moscow's failure to respond to the demand for a crude oil cutback. The US ethanol industry is in the red and US farmers are sitting on unsold corn. In the EU, a higher euro exchange rate improves the import chances for corn.

Nuts

Mar 30, 2020

Hazelnuts: new season to start without carry-over stocks

ORDU. Market players reckon that there will be no carry-over stocks for hazelnus this season. At the same time, the fist reference prices for the 2020 crop are circulating in the market.

Interviews

Mar 30, 2020

How Mundus Agri maintains internal operations

SEEHEIM-JUGENHEIM. Michael Gütlich, CEO and IT expert of the Dedere Deutschland GmbH, explains which measures are in place to protect Mundus Agri's workforce.

AUDITOR Issues

Mar 27, 2020

Der AUDITOR Issue 12/2020

Enclosed you will find the link for the current issue of the raw material information service "Der AUDITOR".

Alerts and Regulations

Mar 27, 2020

America first - also when it comes to health?

WASHINGTON, D.C. As early as next week, the measures taken against the spread of the corona virus could be eased again in the USA. The president is putting the population at great risk.

Spices

Mar 26, 2020

Spice market update: trade in India comes to standstill

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric as well as a price list for more than 70 products.

Interviews

Mar 26, 2020

FoodDrinkEurope: EU must act fast to avoid confusion and delays

BRUSSELS. Unprecedented quarantine measures and travel restriction throughout Europe are prompting concerns over supply chains and the workforce in Europe’s largest manufacturing industry. FoodDrinkEurope is working closely with the EU Commission to adopt fast action. In an interview with Mundus Agri, Will Surman, Director of Communications and Public Affairs, outlines how the industry is holding up to the Covid-19 pandemic.

Oilseeds

Mar 26, 2020

Sunflower seeds: sharp rise in release orders

SOFIA. Sowing has been temporarily suspended due to rain. Although low prices are currently keeping the market up and running, the producers are pushing for a shift.

Oilseeds

Mar 26, 2020

Flaxseed: spring festival and Covid-19 hamper trade

NUR-SULTAN. As Kazakhstan celebrates Nauryz, which marks the beginning of spring, and measures have been introduced to contain the spread of the coronavirus the market has come to a standstill. Prices remain largely stable.

Oilseeds

Mar 26, 2020

Blue poppy seeds: Germany cuts imports by 20%

CHRUDIM. Trading is largely subdued in the Czech Republic. Poppy seed shipments to Germany have declined sharply.

Interviews

Mar 25, 2020

Food supply chains: Dachser calls for flexibility

SEEHEIM-JUGENHEIM/KEMPTEN. Reports of long traffic jams at the borders within Europe, particularly at the borders in Poland, shook the market last week. Traders, in addition, reported that suppliers were forced to close on a temporary basis. Although the situation has now improved, the freight forwarders remain concerned.

Nuts

Mar 25, 2020

Pistachios: Covid-19 has surprising impact on prices

TEHRAN/SACRAMENTO. Iran is one of the worst-hit countries by the coronavirus pandemic. Official data indicates that nearly 25,000 people have been infected with Covid-19 and that the death toll exceeds 1,900. Market players, however, report a surprising shift in pistachio prices.

Oilseeds

Mar 25, 2020

Sesame seeds: trading and exports suspended for three weeks

NEW DELHI. Traders in India are currently informing overseas buyers that trading has been suspended over the next few weeks.

Grains

Mar 25, 2020

Buckwheat: export stop only lasts for a short time

MOSCOW. In order to prevent the spread of coronavirus infection to the Russian Federation, the Russian agricultural supervisory authority has closed the borders for the export of cereals, including buckwheat, for 10 days, starting on 20 March. However, these restrictions were discarded after only a few days.

Interviews

Mar 25, 2020

Toilet paper: producers are operating at full capacity

FRANKFURT. As panic buying is taking its toll on the supermaket shelves toilet paper has become the new white gold in Europe. For new customers it is basically impossible to purchase toilet papar directly from the manufacturers. Their priority are existing customers.

Dried Fruit

Mar 24, 2020

Dried figs: temporary plant closures

AYDIN. As numerous release orders are being made early, some factories will temporarily have to shut down once the current orders have been processed.

Grains

Mar 24, 2020

Wheat: irrational stockpiling of toast and pasta

FRANKFURT The wheat markets in the USA, Western Europe and on the Black Sea increased again by 2.5%. In the USA and Western Europe, stockpilings continue to increase, although agricultural ministries do not expect any food shortages. In Germany, irrational stockpilings are pushing logistics to the limits of capacity.

Nuts

Mar 24, 2020

Almonds: ideal conditions for pollination in Spain

MADRID/SACRAMENTO. The weather conditions were ideal for pollination in Spain. Frost may, nevertheless, still have an impact on production.

Oilseeds

Mar 24, 2020

Pumpkin seeds: release orders prompt shift in prices

PEKING. Pumpkin seed processing is up and running in China. There is a noted impact on prices.

Dried Fruit

Mar 24, 2020

Dried apricots: lack of new orders

MALATYA. There is little movement on the apricot markets, as no new orders are concluded. Instead, orders from existing contracts are brought forward.

Alerts and Regulations

Mar 24, 2020

Temporary framework to support SMEs during coronavirus pandemic

BRUSSELS. The EU Commission has taken new measures to provide financial support, especially for small and medium-sized businesses. Funds, however, need be provided by the member states.

Dried Fruit

Mar 24, 2020

Sultanas: no frost damage reported

MANISA. According to market players, future trading activities depend on the success in fighting the coronavirus pandemic. Despite agricultural frost warnings in Manisa, there has been no damage according to the producers.

Grains

Mar 23, 2020

Corn: fake news about export stop in Ukraine

PARIS. The EU corn market is moving upwards as the wheat market continues to put pressure on it. Feed mills increase stocks to ensure supply availability. Ukraine does not restrict agricultural exports under any circumstances. In the USA, China's wheat and corn purchases were seen as a comeback to its trade relations. The low price of crude oil is putting such a strain on the US ethanol market that ethanol plants have to close.

Interviews

Mar 23, 2020

This is why the local tax offices should pay subsidies

SEEHEIM-JUGENHEIM. Michael Gütlich, the CEO of the Dedere Deutschland GmbH, explains why it is necessary to distribute financial aid by means of unbureaucratic channels. Fast action is required.

Nuts

Mar 23, 2020

Hazelnuts: snow unsettles market

ORDU. Snow in the estern Black Sea region has given rise to concerns. First reports estimate the damage...

Spices

Mar 23, 2020

Saffron: exports slump by 80%

TEHRAN. As Iran celebrated Nowruz, the Persian New Year, over the weekend with reports voicing concerns that too many Iranians ignored request to stay at home, the Saffron Exporters Union announced that travel restrictions have prompted an 80% decline in saffron exports. Meanwhile, Covid-19 is spreading in the country with concerns being voiced that the death rate may climb to 3.5 million people if the country fails to act appropriately.

AUDITOR Issues

Mar 20, 2020

Der AUDITOR Issue 11/2020

Enclosed you will find the link for the current issue of the raw material information service "Der AUDITOR".

Interviews

Mar 20, 2020

Coronavirus and home office: lack of digitisation is a big problem

FRANKFURT. Social distancing and home office are the order of the day in times of the corona crisis. Trouble, however, is that many companies are not well-enough equipped for their staff to work from home. Many are, therefore, forced to travel to work.

Oilseeds

Mar 20, 2020

Oilseeds update: full warehouses due to lack of transport facilities

FRANKFURT. Monitoring of the oilseed sector with day-to-day price comparisons.

Oilseeds

Mar 19, 2020

Sunflower seeds: release orders are on the rise

SOFIA. The oilseed market is largely volatile in Bulgaria.

Oilseeds

Mar 19, 2020

Blue poppy seeds: port clearances are running smoothly

CHRUDIM/ANKARA. Blue poppy seed traders are reporting very low demand for new contracts. Most customers are more interested in receiving their shipments from existing contracts.

Grains

Mar 19, 2020

Wheat: shutdown puts logistics in trouble

FRANKFURT. The wheat markets are growing internationally and analysts expect strongly restricted economic activities around the globe. Wheat is not becoming scarce, but rather logistics could face major problems due to the rampant pandemic. For this reason, the industry is increasing its inventories in order to be able to compensate for transport delays or even loss of goods. Stockpiling of flour and China's presence for wheat imports from France and Ukraine are pushing the market. Russia is becoming competitive again due to the fall of the ruble.

Oilseeds

Mar 18, 2020

Flaxseed: exports on the rise

NUR-SULTAN/OTTAWA. Market analyst Oil World has recently reported that rise in global exports is to be expected for flaxseed.

Alerts and Regulations

Mar 18, 2020

Czech Republic: mandatory face masks and exclusive shopping hours for senior citizens

PRAGUE. From today on, safety regulations to contain covid-19 are reportedly being tightened.

Oils

Mar 18, 2020

Soybeans: US government supports economy with USD 1 trillion

CHICAGO. The US soybean market took a breather after the Trump government plans to support the economy with USD 1 trillion. In the USA, fears that the covid-19 pandemic could paralyze the US healthcare system are boiling up because many US citizens do not have any health insurance. In both the US and Brazil, soybean exports plummeted in March due to the pandemic, which led to higher price demands from the local soybean meal trade.

Company News

Mar 18, 2020

Coronavirus: what happens next at the EU borders?

FRANKFURT. At the beginning of the week, the EU Commission published guidelines on the correct behaviour at the European borders. The problem is that the countries decide on measures individually and there is no EU-wide regulation.

Oilseeds

Mar 18, 2020

Pumpkin seeds: work continues

PEKING. Chinese suppliers report good demand and low availability of organic pumpkin seeds. There is also a shortage of some conventional varieties.

Sugar

Mar 18, 2020

Südzucker confirms that supply chain is up and running

MANNHEIM. In a recently issued press release the Südzucker Group has confirmed that supplies are guaranteed, despite demand being high. While the corona pandemic has brought public life to a standstill in many countries, Europe's leading sugar gaint has switched to crisis mode.

Dried Fruit

Mar 18, 2020

Dried figs: TMO sells inventories

AYDIN. In the second half of March, the TMO sells their inventories of dried figs they had purchased last year. The prices are at a level of...

Dried Fruit

Mar 18, 2020

Raisins: shipments are impossible

TEHRAN. As the coronavirus has already infected at least 16,000 people in Iran and experts are warning that if the country fails to make its citizens follow guidelines the medical system will collapse the strain is also on the raisin market.

Dried Fruit

Mar 18, 2020

Dates: trucks stranded at borders

TEHRAN. The continuing spread of the coronavirus is rendering the situation for date producers and exporters more and more difficult in Iran. Traders report…

Nuts

Mar 17, 2020

Walnuts: production estimates for Chile vary greatly

SACRAMENTO/SANTIAGO DE CHILE. US walnut production is currently estimated at 590,000 metric tonnes this season, which is a nominal declined on last year. The high price level at the beginning of the season had to be adjusted after production rose in China.

Dried Fruit

Mar 17, 2020

Dried apricots: markets not strongly affected by coronavirus

MALATYA. For the time being, the apricot markets do not appear to be strongly affected by the current situation. Nevertheless, trading activities are rather slow and prices have declined slightly. After the number of people infected with the coronavirus in Turkey has increased further, new measures have been announced.

Nuts

Mar 17, 2020

Almonds: experts increase crop forecast

MADRID/SACRAMENTO. Perfect weather conditions ensured a good flowering period in the Californian almond growing areas, despite the delayed start of flowering. Experts are optimistic about the production in 2020.

Dried Fruit

Mar 17, 2020

Sultanas: Ministry of the Interior tightens up measures against covid-19

MANISA. The Turkish Health Minister Fahrettin Koca announced that the number of confirmed corona cases in Turkey has risen to 47 at the beginning of the week. The Ministry of the Interior announced further measures. An agricultural frost warning was issued in Manisa.

Dried Fruit

Mar 17, 2020

Dried figs: sufficient commodities

AYDIN. The markets for dried figs are currently very quiet and the exports that are taking place still relate to previous purchases. Contrary to earlier statements, sufficient commodities are existent.

Interviews

Mar 17, 2020

Trade: the coronavirus as a force majeure case

SEEHEIM/KARLSRUHE. In an interview with Mundus Agri Professor Darius Schindler outlines the impact of commercial law on the coronavirus crisis. He explains the potential effects the pandemic may have on supply contracts, in how far suppliers may invoke "force majeure" and what exactly managing directors need to pay attention to.

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