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 Industry Roundup |
Oils
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Economist Intelligence Unit expects 2022/2023 sunflowerseed oil consumption to rise 6.6% to 20.8 million tonnes, depending on resumed use of Black Sea export corridor; 2023/2024 consumption expected to see slow growth, likely constrained by availability
World Commodity Forecasts (12/27)
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Oranges
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Total citrus production in Mexico across oranges, lemons, limes and grapefruit expected to decline in 2022-2023 marketing year, hindered by damage to trees from increasingly severe weather conditions over multiple seasons: USDA
Fresh Plaza (12/27)
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Palm/Palm Oil
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Sustainability Spotlight: In FY2021, Edgewell Personal Care educated direct suppliers representing 75% of its spend with EcoVadis, of which 78% met acceptable performance; 72% of palm oil for use in company products was certified as sustainably sourced
Industry Intelligence Inc. (12/29)
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Potatoes
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Canada's potato harvest yields 120 million cwt. in 2022, up 0.8% from year-over-year period, marking the second consecutive record potato production for Canada, aided by increases in seeded areas and yield: Statistics Canada
Fresh Plaza (12/27)
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Soybeans/Soybean Meal
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Chicago Board of Trade soybean futures rise for a third straight session on Dec. 28, as traders focus on weather forecasts in Argentina for signs of long-awaited rains, while dismantling of COVID-19 restrictions in China offer hopes of stronger demand
Reuters (12/28)
Economist Intelligence Unit expects global soybeans demand to rise 4.4% to record 379 million tonnes; growth especially strong in China as high-protein pig feed trends higher, US demand to see broad-based gains from biofuel segment
World Commodity Forecasts (12/28)
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Sugar Cane
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Brazil's sugarcane crop will reach 598.3 million tons during the 2022-2023 marketing year, up from August estimate of 572.9 million tons, driven by higher yields in state of Sao Paulo, according to government projections
Reuters (12/28)
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Wheat
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Chicago Board of Trade wheat futures rise on Dec. 23 to close their second week higher as frigid temperatures threaten winter wheat crops in the US Plains and Midwest
Reuters (12/27)
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Animal Farming/ Meat Production
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Saxo Bank: Black swans that could disrupt economy by 2023 include first country bans meat production, UK launches referendum to reverse Brexit, coalition of billionaires solves world's problems, and China, India and Russia mount alternative to US dollar
CE Noticias Financieras (12/29)
Eggs in the UK laid by hens kept in barns for months on end could be classed as free range under changes being considered by the federal government to keep farmers competitive with Europe
The Daily Telegraph (12/28)
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Fruit Farming
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US Northwest cherry growers harvest 13.3 million 20-lb. boxes this year, a 34.5% decline from the harvest of 20.3 million boxes in 2021, hindered by snow and cold during April blooming season, according to data from the Washington State Fruit Commission
Yakima Herald-Republic (12/27)
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Regenerative Agriculture
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US farmers increasingly using cover cropping to both rejuvenate soil and also mitigate climate change and protect against its ravages, industry officials say
USA Today (12/28)
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Crop Production/Yield
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Rabobank: Cotton production down by roughly 3.5 million bales in US due to drought and down by 1.5 million bales in Pakistan due to flood, heat; expect to see cotton harvest of under five million bales in Australia in 2023 due to impacts of wet weather
Australian Rural & Regional News (12/29)
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Pesticides/Herbicides/Crop Protection
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ISSA announces Congressional reauthorization of the Pesticide Registration Improvement Act was included in the passed omnibus appropriations package; legislation will supplement federal funding to support pesticide registration, other regulatory actions
States News Service (12/27)
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Plant Extracts/Plant-Based
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India-based Chosen releases two waterless skin-care exfoliants; Milk Route Water-less is a 100% natural content product and is lactic acid-based, while Light Routine Gentle Waterless has 95% plant content, is salicylic acid-based
NewsVoir (12/29)
Kao registers clinical trial with the University hospital Medical Information Network to study the effects of food containing plant-derived ingredients on skin condition and allergy-related symptoms
Contify Life Science News (12/29)
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Agribusiness & Raw Foods
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Executive Perspective: Cal-Maine Foods' fiscal Q2 results reflect current market environment characterized by record average selling prices for conventional eggs, primarily due to reduced supply related to bird flu outbreak in US, says CEO Sherman Miller
Food Business News (12/29)
US pork exports will fall short of the records set in 2020 and 2021, while beef exports will set a record in 2022, likely approaching US$12B, according to data from US Meat Export Federation
National Hog Farmer (12/29)
US egg production totals just over 8.87 billion in November, down 4.6% from year-ago period, according to USDA report; egg production in Pennsylvania down 9.1% to 657.7 million, production in New York up 2.2% to 146.9 million eggs
The Business Journal (12/29)
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Food & Beverage
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Fresh Produce
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Fresh products such as fruits and vegetables consumed by 58% of retail customers in Brazil, and as a category it's the one that makes a customer change stores to buy if they do not have quality products, Nielsen says
CE Noticias Financieras (12/27)
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Fresh Foods
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Euromonitor: Trends defining health for all generations include mental well-being, getting enough sleep and healthy immune system, and could benefit products like Echinacea and elderberry in US, ginseng and mushrooms in China, turmeric and tulsi in India
Euromonitor International Ltd. (12/28)
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Fruits, Vegetables & Salads
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Wegmans recalls the following products due to possible salmonella contamination: Wegmans Organic Farm & Orchard Micro Greens; Wegmans Organic Baby Kale & Baby Spinach with Sweet Pea Leaves; and Wegmans Organic Farm & Orchard Cat Grass
WGHP-TV (12/27)
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Meat & Poultry
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UK shoppers increasingly turning to tinned goods and own-brand products as a response to the cost-of-living crisis, according to yearly online sales data from Amazon Fresh; sales of tinned meat and seafood up 17.9% year-over-year
The Grocer (12/27)
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Fish/Seafood
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Arby's announces limited-time returns of its Crispy Fish Sandwich, King’s Hawaiian Fish Deluxe Sandwich and Mint Chocolate Shake; both sandwiches feature a crispy fish filet, shredded lettuce and tartar sauce
Chew Boom (12/29)
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Meat Alternatives
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Biomaterials company Ecovative acquires Lambert Spawn Europa, a 'state-of-the-art' mushroom spawn facility in Netherlands; acquisition to vertically integrate major source of mycelium materials as plastic alternatives for fashion, foam packaging, food
Business Wire (12/29)
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Eggs
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Cal-Maine Foods reports fiscal Q2 net income of US$198.6M, up from year-ago earnings of US$1.2M, as net sales rise 110% to record US$801.7M, driven by record average conventional egg selling price
Business Wire (12/28)
Princeton researchers find a way to turn egg whites into an aerogel material that can be used in applications from water filtration and energy story to thermal and sound insulation; it can also remove 98% of salt and 99% of microplastics from seawater
India Engineering News (12/28)
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Dairy Products/ Dairy Alternatives
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Coles recalls its Coles Finest Australian Organic Washed Rind Raw 500-gram cheese product because of E. coli contamination
Herald Sun (12/27)
Pizza Hut Australia announces limited-time offerings of new Mini Jam Doughnuts and Jalapeno Cheese Dunk; doughnuts feature golden mini-doughnuts filled with strawberry jam and dusted with icing sugar
Chew Boom (12/27)
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Milk/Milk Alternatives
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Starbucks to offer 10 new and returning menu items in the UK, including Starbucks Salted Pretzel Hot Chocolate, Plant-Based Breakfast Wrap and its Starbucks Oat Latte platform; items available beginning Jan. 5
Northern Echo (12/29)
Moter Dairy to raise its milk prices by 2 Indian rupees/liter in the Delhi-National Capital Region, citing rise in input costs
Business Line (12/27)
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Coffee
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Palm and rubber farmers in the Thai province of Krabi increasingly being urged to grow coffee instead, as demand for the beverage is rising faster in Asia than in other parts of the world
Vietnam News Agency (12/29)
Starbucks making changes to its popular rewards program in 2023, requiring more stars for items like free coffee, lattes and sandwiches; a few drinks will also require fewer stars
CBS - 9 WNCT (12/29)
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Sugars/Honey/Sweeteners
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Baby food can contain more sugar than carbonated soft drinks and contains two-thirds of the adult daily allowance, according to research from the Royal College of Paediatrics and Child Health
The Daily Telegraph (12/27)
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Packaged Foods
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BRF signs leniency agreement with local authorities over payments of US$111M it must make to Brazilian government following accusations of graft
CE Noticias Financieras (12/29)
GlobalData expects Chinese ice cream market to grow at 3.8% CAGR to US$4.2B by 2026, despite new Omicron wave stifling on-premise sales; artisanal ice cream to see fastest value CAGR of 4.5% over 2021-2026, followed by take-home, bulk ice cream category
GlobalData Plc (12/29)
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Non-Alcoholic Beverages
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Tata Consumer Products subsidiary Tata Consumer Products Overseas Holdings to purchase 23.3% stake in Joekels Tea Packers Republic of South Africa for 436.5M Indian rupees
News On Fast Moving Consumer Goods In India (12/29)
Dr Pepper gaining market share in the soda category in recent years as the carbonated beverage category as a whole has suffered, according to report; Dr Pepper grew its dollar share by 9% from 2003-2021 while carbonated soft drinks as a whole fell 26%
Vending Times (12/28)
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Alcoholic Beverages
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GlobalData expects India's spirits market to grow at CAGR of 7.2% during 2021-2026, driven by rising consumer demand for premium/super-premium spirits, recovery in out-of-home consumption; liquor companies expanding premium range to capitalize on demand
Adgully (12/28)
Spanish wine exports fall 57% and 42% in value and volume, respectively, year-over-year in first 10 months of 2022, according to data from National Statistics Institute; imports up 62% in value and 45% in volume
CE Noticias Financieras (12/27)
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Tobacco & Cannabis
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Cannabidiol (CBD) Beverages
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FDA announces plans to decide within months on potential food and food supplement guidelines on the use of legal cannabis-derived products
FinancialPress (12/27)
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Tobacco, Cannabis & Derivatives
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Western New York's recreational cannabis program stalls due to lawsuit, injunction brought by a cannabis company that was denied licensing due to its out-of-state location
Buffalo News (12/29)
New York's first legal recreational cannabis dispensary launches its first sales
Associated Press (12/29)
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Stock
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Latest: Dec, 29 2022
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Latest Value |
Prev |
Chg |
YOY Chg |
| Watchlist |
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Archer Daniels Midland (ADM)
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93.30
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93.62
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-0.34%
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39.23%
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CHS Inc (CHSCP)
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27.43
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27.51
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-0.29%
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-10.85%
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Farmland Partners (FPI)
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12.38
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12.35
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0.24%
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2.40%
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Fresh Del Monte Produce (FDP)
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26.34
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25.99
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1.35%
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-5.01%
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JBS SA (JBSS3) :BVMF
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21.64
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21.06
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2.75%
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-42.25%
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Agriculture Industry
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