Latest News - Page 88

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.

Grains

Mar 16, 2020

Corn: disaster mode in Western Europe

PARIS. The corn markets continued to collapse in the USA and also in Western Europe. More and more countries are declaring national emergencies and disasters, and fears of a global recession are growing. In the food sector, retailers, shipping companies and industry are trying to maintain supply chains, which is likely to put logistics to a tough test. Avian influenza subtype H5 has been detected in laying hens in Saxony.

Oilseeds

Mar 16, 2020

Sesame seeds: South Korea buys less than expected

NEW DELHI. In the Indian sesame market, there were some price corrections at the beginning of the week. At the same time, details regarding the new tender from South Korea were announced.

Nuts

Mar 16, 2020

Desiccated coconuts: uncertainty rules the market

MANILA. At the moment there is a tense silence on the coconut markets, as the traders are insecure and hardly make any purchases. Production has not yet been significantly affected.

Oilseeds

Mar 16, 2020

Oilseeds update: sporadic offers for GWS pumpkin kernels

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

Dried Fruit

Mar 16, 2020

Dried figs: Covid-19 restrictions disrupt trade

TEHRAN. Although traders stress that health issues come first, the impact of the coronavirus on the economy is causing great concern. Iran’s dried fruit market is also confronted with losses. Traders report that demand in China is still largely subdued.

Alerts and Regulations

Mar 16, 2020

Germany shuts down borders

FRANKFURT. Germany has closed the borders with some neighbouring countries to travellers. Delivery traffic is to continue as normal. Some restrictions have, however, been imposed.

Nuts

Mar 16, 2020

Hazelnuts: new TMO sales in April

ORDU. The TMO is expected to issue a base price for further inventories over the next few days. Sales are scheduled for April. Market players are, meanwhile, reacting quite differently to the current situation.

AUDITOR Issues

Mar 13, 2020

Der AUDITOR Issue 10/2020

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

Interviews

Mar 13, 2020

Stringent measures imposed to maintain supply chains

ROME/VIENNA. All shops in Italy are now closed with the exception of supermarkets, drugstores and pharmacies. The agricultural sector and industry are also permitted to operate. Work continues here, but with stringent safety measures in place.

Nuts

Mar 13, 2020

Almonds: shift in spot market prices

MADRID/SACRAMENTO. This season's US almond production ranges 12% higher than last year. In considering the carry-in stocks this season's total supplies...

Spices

Mar 12, 2020

Spice market update: exports stagnate due to coronavirus

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

Dairy Products

Mar 12, 2020

Butter: corona-induced panic buying toxic for industry

FRANKFURT/BRUSSELS. The consumers are stockpiling table butter and other dairy products in Germany. Although the retailers are ordering large volumes, the producers have lost out.

Oilseeds

Mar 12, 2020

Flaxseed: shift in prices in Kazakhstan

NUR-SULTAN. Exchange rate fluctuations have prompted a drastic shift in export prices. In addition, there are nominal delays in customs clearances at the border to China.

Interviews

Mar 12, 2020

Oil mills: coronavirus emergency measures hit factories hard

PRAGUE. In illustrating the effects the government's containment policy has on an oil mill in the Czech Republic the challenges the industry as a whole are confronted with become apparent.

Grains

Mar 11, 2020

Corn: consumers are buying more canned goods

PARIS. The corn markets were able to recover slightly due to an increase in crude oil prices, which are supporting the market via ethanol. The purchasing behavior of consumers, who tend to buy canned food and avoid fresh products due to the risk of a coronavirus infection, which is also increasingly affecting butchers' shops, is causing concern. This could affect the feed market as well.

Oilseeds

Mar 11, 2020

Oilseeds update: opposing price developments

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

Oilseeds

Mar 11, 2020

Sunflower seeds: factories enhance hygiene standards

SOFIA. Bulgarian sunflower seed prices react to the collapse of the oil market. Factories take first steps to curb Covid-19.

Interviews

Mar 11, 2020

The impact of the coronavirus on the climate

FRANKFURT. The adverse impact of the Covid-19 epidemic is highlighted in the news every day. There is, however, one positive aspect to be considered.

Oilseeds

Mar 11, 2020

Blue poppy seeds: temperature checks for arrivals

CHRUDIM. As of today, the schools in the Czech Republic will remain closed and events with more than 100 participants have been suspended until further notice. Meanwhile, the blue poppy seed farmers have started sowing.

Dried Fruit

Mar 10, 2020

Dried figs: March starts off with 40% surge in exports

AYDIN. The dried fruit market in Turkey started off into March with a drastic rise in exports. Dried fig overseas shipments ranged at...

Grains

Mar 10, 2020

Wheat: Italy under state of emergency

FRANKFURT. The wheat markets are under pressure due to massive crashes on the stock and commodity exchanges, the failed OPEC Plus negotiations and the continuing spread of the coronavirus. As a result, the currencies in crude oil supplier countries such as Russia are coming under pressure. Italy's nationwide state of emergency due to Covid-19 shows how the situation could also deteriorate in Western Europe.

Spices

Mar 10, 2020

Cumin: coronavirus disrupts export activities

KERMAN. As the coronavirus death toll rises and neighbouring states have closed their borders with Iran trading and exporting has been largely disrupted in the cumin market. The spread of the coronavirus is, however, not the only problem the market is confronted with.

Dried Fruit

Mar 10, 2020

Dried apricots: Turkey relies on strict controls

MALATYA. Official reports state that Turkey has so far been spared from Covid-19 infections. Market players...

Dried Fruit

Mar 10, 2020

Sultanas: organic supplies are sold out

MANISA. While new contracts for conventional sultanas from Turkey are only slowly being entered, market players report that organic supplies are very much limited.

Alerts and Regulations

Mar 9, 2020

Coronavirus leads to supply shortages

FRANKFURT. According to reports, there are currently some supply shortages between producers and stockists in Northern Italy and buyers in the Czech Republic.

Nuts

Mar 9, 2020

Pecans: US consumption rises sharply

ATLANTA. Pecan nut shipments from the US have declined drastically. Contrary to this, the uptick in US consumption has lent the market some support.

Mundus Agri News

For subscribers only:

Delivery units

Product and Packaging

Delivery units

Delivery

Incoterms

What are incoterms?

Overview of the incoterms