Softs News

Feb 19 - Sugar group Tereos gets financial reprieve until 2022 

French sugar group Tereos, which has been hit by a slump in the sugar market, said on Monday it had secured a loan that would give the co-operative a financial reprieve as it hopes for a rebound in prices. In December, Tereos - which last season became the world's second largest sugar maker - plunged to a first-half loss of almost 100 million euros ($113 million) and said it expected to be in the red across its full financial year for the second year running. Click here to read full stories.

Feb 19 - Ivory Coast dry spell could damage cocoa mid-crop - farmers 

Most of Ivory Coast's cocoa growing regions saw no rainfall last week, raising fears for the April-to-September mid-crop, farmers said on Monday. Scarce showers during the dry season, which runs from November to late February, are crucial for cocoa crops to withstand the heat in Ivory Coast, the world's biggest cocoa producer. Click here to read full stories.

Feb 18 - Cocoa prices seen edging up despite small global surplus - poll

World cocoa prices are forecast to rise slightly this year despite a small global surplus, a Reuters survey of seven analysts and traders showed on Friday. ICE New York cocoa prices were expected to end the year at $2,450 a tonne, up eight percent from Thursday's close, according to the median forecast of responses. Click here to read full stories.

Feb 15 - World Pepper Bulletin, Week 11-15 February 2019 (WPB)
- This week market showed a rather negative trend with only Sri Lanka recorded an increase. In local level, black pepper in India was traded with a slight deficit of 1% as compared to the previous week at an average of US$ 4,912 per Mt. The strengthening of India's Rupee didn't affect the price of black pepper because the price in local currency experienced a constant drop and was traded at INR 348 per Kg. Indonesia was reported to record a deficit of 2% for their black pepper trade when compared to the previous week whilst its Muntok white pepper was traded relatively stable. Malaysia origin was reported to record a stable trade of its black and white pepper locally and was traded at an average of US$ 2,300 per Mt for black and US$ 3,870 per Mt. for white. As their market just resumed after Lunar New Year holiday season, Viet Nam and China were reported to trade their pepper at an average of US$ 1,933 per Mt for Viet Nam black pepper, US$ 3,080 per Mt. for Viet Nam white pepper and US$ 4,869 per Mt. for China white pepper. Sri Lanka, though its local currency weakened toward US Dollar, recorded an increase of 2% in its black pepper price as compared to the previous week and was traded at an average of US$ 3,258 per Mt.
- Following the trend in local level, FOB price of India was also recorded at 1% lower than the previous week and was traded with a loss of US$ 46 per Mt from the previous week. Lampung black pepper's FOB price had also recorded a loss of 2% when compared with the previous week and was traded at an average of US$ 2,684 per Mt whilst Muntok had also recorded a stable trade this week. Malaysia's black and white pepper FOB prices were also reported stable this week. Viet Nam's FOB prices for black 500 g/l and 550 g/l as well as white pepper were traded flat since the beginning of the week at US$ 2,175 per Mt, US$ 2,275 per Mt. and US$ 3,525 per Mt. respectively. China white pepper FOB price was also reported relatively flat at an average of US$ 5,069 per Mt.

Feb 15 - Export of Green Pepper from INDIA (WPB)
- The pepper industry is a prospective industry and has good opportunities in the future. Pepper products are currently more commonly known in the form of black pepper, white pepper, and powdered/crushed/ground pepper. However, besides being processed into black pepper, white pepper and pepper powder, pepper can also be processed into various products such as pepper oleoresin (discussed at Prices Bulletin No. 3/2019), pepper oil, dehydrated green pepper, and freeze-dried green pepper. Value added pepper products are reported to have a fairly good selling value and have their own market in the pepper industry.
- Dehydrated Green Pepper:
Dehydrated green pepper is obtained through controlled drying and the green color is maintained by activating the polyphenol oxidase enzyme. Pepper used for making dehydrated green pepper is prepared which is still in fresh condition, dark green, the seeds are hard but the fruit is not yet ripe. After the pepper is harvested, it must be processed immediately to avoid the pepper becoming black due to the activity of the polyphenol oxidase enzyme. It is recommended that 3-4 hours after harvesting the fruit should be processed immediately, if not directly processed, the pepper can be soaked in 2% salt solution for approximately 12 hours. Apart from being able to maintain the quality of the pepper, soaking also functions to remove dirt that is carried away during harvesting.
Dehydrated green pepper has a comparative advantage that white pepper and black pepper do not have, which is a natural green color resembling fresh pepper. Dehydrated green pepper after being dissolved in water will resemble freshly harvested green pepper. Good quality of dehydrated green pepper is characterized by its natural green color, relatively intact form, the aroma and taste are close to the original, free from contamination of impurities and microorganisms.
The levels of oil and piperine are chemical components that contribute to the taste and aroma of dehydrated green pepper. Piperin is the main compound that gives a peppery spicy flavor, while essential oil is a volatile component that contributes to aroma. The components of the dried green pepper essential oil are dominated by monoterpenes, including limonen, mirsen, sabinen, α-pinen, β-pinen, α-filandren, and δ-3-karen, while the components of essential oils of white pepper and black pepper are dominated by sesquiterpenic compounds, including α-karyophilene, β-kariofilen, and β-farnesen. The aroma of dried green pepper is better than white pepper and black pepper because of the high content of monoterpenes so that it can produce the optimal quality of pepper aroma. The monoterpen group generally gives a scent of the top-peppery note, sesquiterpen provides a pepper aroma, while the oxygenated sesquiterpen compounds are the body of the pepper aroma.
- Freeze-Dried Green Pepper:
Freeze-dried green pepper is processed from green pepper with a moisture content of about 66%, through the freezing process at low temperatures (-30 oC) - (-40 oC) and high vacuum pressure. Freeze dried green pepper has a moisture content of 2-4 percent and very light weight. The product has a natural color (bright green to greenish), the aroma and texture are much better than other dry green pepper either dried by manual drying (sun drying), solar dryer or oven.
This freeze-dried green pepper has rehydrated character, so it can be used directly or destroyed first to be added to every food recipe. To restore the pepper's texture to the natural texture, freexe-dried green pepper is rehydrated by soaking in hot water for 20 minutes. Freeze-dried green pepper is widely used in instant soup products, dry food and cheese, because it has special characteristics and a soft taste. India is one of the few countries that produce and market freeze-dried green pepper, and Europe is the main importer of freeze-dried green pepper.
- Export:
India, known for their value added products, had exported significant quantities of dehydrated and free-dried green pepper in the last three years. From 2016 upto 2018, the total export of dehydrated and freeze-dried green pepper from India had fluctuated quite significantly.
- In 2016, India exported a total of 609,286 Kg of green pepper which 88% of it comprised of dehydrated green pepper. On avereage, India exported 44,882 Kg of dehydrated green pepper and 5,892 Kg freeze-dried green pepper each month in 2016 with the highest quantity was reported at 109,558 Kg (January) for dehydrated green pepper and 11,860 Kg (June) for freeze-dried green pepper. India banked a total of US$ 10.2 million from its export revenue of green pepper in the year 2016 which then recorded an average price of total green pepper exported by india at US$ 15.32 per Kg for dehydrated and US$ 28.36 per Kg for freeze-dried.
- The year 2017 saw a spike of 50% of the total export of green pepper from India with 833,812 Kg in dehydrated and 80,406 Kg in freeze-dried.Individually it recorded an increase of 54% for ddehydrated and 13% fro freeze-dried. India exported an averaged of 69,484 Kg of dehydrated and 6,701 Kg of freeze-dried each month of 2017 with the highest quantity recorded at 149,610 Kg (February) for dehydrated and 12,510 Kg ( August) for freeze-dried. In 2017, India reported to record a total revenue of green pepper export at US$ 15 million which was an increase of 47% as compared to the previous year. India recorded an average price of total export of green pepper at US$ 15.30 per Kg for dehydrated and US$ 28.19 per Kg for freeze-dried.
-As of November 2018, India had exported a total of 754,102 Kg green pepper which comprised from 664,119 Kg dehydrated and 89,983 Kg freeze-dried. Thus, recording loss of 8% of the total export of green pepper by India when compared with the previous year. Furthemore, India banked over US$ 9.6 million from its export revenue of green pepper as of November 2018 which meant a loss of 27% in terms of value when compared with the previous year. Furthermore, the average price of the total export of green pepper also experienced a significant deficit ass it was reported at US$ 11.56 per Kg for dehydrated and US$ 22.20 per Kg for freeze-dried.
- In 2018, the top five countries of export destination of India's green pepper were Germany with 330,623 Kg followed by the Netherland with 61,200 Kg, France 55,762 Kg, USA 55,432 Kg and Poland with 55,010 Kg.

Feb 15 - Cocoa Daily Market Report (HCCO)
London was undecided until the opening in New York where the journey should go. After one up and down until noon a steady fortification followed. The first point of resistance of GBP 1735/37 was not broken again. Should this level be breached, the way would be free for another fortification, so say the "technicians". As can be heard, the industry accompanied the market yesterday, on both stock exchanges, the market with price hedging purchases. Here there seems to be concern about further fixing. London and New York are in neutral waters...not yet overbought. However, we have had a sideways move/consolidation for 3 days now. A possible breakout from this zone would be possible before the weekend, but in which direction is the question? Closing price GBP 1718 / + 4.

Feb 15 - Brazil mills likely to delay cane harvest due to weather, ethanol stocks 

Mills in Brazil's center-south are likely to start harvesting the new sugar cane crop later than usual to allow cane fields to take advantage of late rains while holding excess ethanol stocks after over-producing last year, analysts and millers said. Brazil's 2019/20 cane crop in the main center-south region officially starts in April, but mills normally enter fields in March, particularly to profit from better ethanol prices at the end of the inter-harvest period. Click here to read full stories.

Feb 15 - Suedzucker's Saint Louis to cut sugar output in France 

French sugar company Saint Louis Sucre said on Thursday it will end production at two factories in France as part of a wider restructuring plan at its German parent Suedzucker, Europe's largest sugar refiner. Saint Louis Sucre will stop production at its Eppeville and Cagny sites, while production will continue at two other French sites, a spokeswoman said. Click here to read full stories.

Feb 14 - Cocoa Daily Market Report (HCCO)
Yesterday the consolidation continued at the current levels, around the 200 day moving average at GBP 1705. May 19 traded within a manageable range of GBP 28 and ended the day slightly firmer at GBP +6 at GBP 1714. From the fundamental side, we received news that Côte d'Ivoire is changing its system from daily auctions to direct marketing, similar to Ghana...All unofficially, of course, on how and when nothing has been reported yet. Activity in the grading room in London is limited before the March 19 deadline, which expires in one month. Many so-called "Regrades" from Cameroon explain why the arbitrage is still where it has been for some time. 

Feb 14 - COFCO Int'l eyes sugar assets in Brazil - softs head 

COFCO International, the trading arm of Chinese state-owned food group COFCO, is looking to invest in sugar assets in Brazil, Global Softs president Marcelo de Andrade said on Wednesday. "We are now looking more in Brazil," he said on the sidelines of a major sugar conference in Dubai. "If I can find cheap assets yes (there may be deals) but I'm not in a rush to buy." Click here to read full stories.

Feb 13 - Coffee prices seen rising nearly 25 pct by year-end - poll

Arabica coffee prices will rise nearly 20 percent by the end of 2019 as Brazil's shift to an off-year in its biennial production cycle helps swing the world into a global deficit, a Reuters poll of nine traders and analysts showed on Tuesday. The survey participants anticipate a global deficit of 1 million 60-kg bags in 2019/20, according to the median forecast, compared to estimates of a 4.25 million-bag surplus for 2018/19. Click here to read full stories.

Feb 13 - Ivory Coast aligns cocoa sales system with Ghana - CCC sources 

Ivory Coast has started selling cocoa directly to the world's top traders, switching from auctions to a system already used by the region's other major cocoa producer Ghana, two senior sources at the cocoa regulator said. Ivory Coast sold 400,000 tonnes using the new system in the first week of February, the sources at the Coffee and Cocoa Council (CCC) told Reuters. Click here to read full stories.

Feb 13 - Brazil sugar firm Sao Martinho sees weather hurting new cane crop 

Brazilian sugar and ethanol company Sao Martinho SA believes below-average rains in December and January over the country's main cane belt will take a toll, possibly preventing any production increase next season. Sao Martinho, which is among the five largest sugar companies in Brazil, cut on Tuesday its estimate for cane crush growth in the new season that starts in April to 5 percent from 10 percent expected in December due to dryer weather in Brazil's center-south. Click here to read full stories.

Feb 12 - Sugar prices to rise as global market swings into deficit - poll

World sugar prices are forecast to rise this year with the market swinging into deficit in the 2019/20 season, a Reuters survey of 10 analysts and traders showed on Monday. Raw sugar prices were expected to end the year at 14.60 cents per lb, up 15 percent from Friday's close, according to the median forecast of responses. Click here to read full stories.

Feb 12 - Ivorian cocoa farmers hope for more rain to boost mid-crop

More downpours are needed to strengthen Ivory Coast’s April-to-September cocoa mid-crop despite above-average rains in most growing regions last week, farmers said. Ivory Coast, the world’s top cocoa producer, is in the dry season, which runs from November to late February. Scarce showers during this period are crucial to the development of the mid-crop. Click here to read full stories.

Feb 12 - Brazil coffee exports jump 20 pct in January - Cecafé association 

Brazil exported 3.05 million 60-kg bags of green coffee in January, a record volume for the month and 20.3 pct more than for the same period last year, exporters association Cecafé said on Monday. Volumes have been rising consistently since mid-2018 because of a record coffee crop of more than 60 million bags last year in the world's largest producer and exporter of the commodity. Click here to read full stories.

Feb 11 - France's Cristal Union says 'golden age' for EU sugar producers over 

Cristal Union, France's second-largest sugar group, said on Monday the "golden age" for European Union sugar producers was over and that it expected significant changes in the EU sugar sector. "Prices will recover at some point, but we don't expect them to make it to the level we enjoyed under the quota system," Cristal Union Chief Executive Alain Commissaire said in his opening remarks at the Dubai Sugar Conference. Click here to read full stories.

Feb 11 - Nordzucker agrees to buy Australia's Mackay Sugar 

Germany's second largest sugar refiner Nordzucker said on Friday it had agreed to purchase 70 percent of Australia's Mackay Sugar Limited, giving it access to Australian and wider Southeast Asian markets. Nordzucker said in November it was in talks to buy Mackay as part of the German company's international expansion. Click here to read full stories.

Feb 11 - Speculators boost net short position in sugar in week to Jan. 8 - CFTC 

Speculators increased their net short position in raw sugar on ICE Futures U.S. to its biggest since October in the week to Jan. 8, U.S. government data showed on Friday, in a report whose publication had been delayed by the partial government shutdown. Speculators flipped to a small net long position in cocoa, reduced their bearish stance on arabica coffee, and increased their net short position in cotton futures and options, the data from the U.S. Commodity Futures Trading Commission showed. Click here to read full stories.

Feb 11 - Dubai's Al Khaleej sugar re-starts after shutdown 

Dubai’s Al Khaleej Sugar, the world's largest port-based refinery, said on Sunday it had re-started operations on Thursday after a shut down since mid-December on account of weak demand in white sugar export markets. "For most independent refiners, 2018 was not a happy year," Jamal al-Ghurair, managing director of Al Khaleej said at a press briefing a day ahead of an annual gathering of the global sugar industry, the Dubai Sugar Conference. Click here to read full stories.

Feb 08 - Weekly Pepper Bulletin, Week 4-8 February 2019 (WPB)
- Celebrating Chinese New Year, markets in China and in Viet Nam were reported to be inactive. The price of black pepper at the farm level (farm gate prices) and FOB this week was reported to be relatively stable with only slight increase reported, except in Indonesia which had decreased by 3%. The price of black pepper in Indonesia had decreased due to the absence of purchasing activities. - Based on reports from pepper farmers in Lampung, stocks were sufficient yet there was no positive response from the market. Thus, causing the price of black pepper in Lampung to decline this week. The external factors which influenced the declining in prices in Lampung were the pepper harvest in Viet Nam, and several gardens in Thailand and Sri Lanka which have begun to harvest even though they haven't reached their peaks yet. Furthermore, prices in India and Sri Lanka were reported to slightly increase, both farm gate prices and FOB prices in each country increased by 1% compared to last week's prices.
- As with black pepper, the white pepper market was relatively stable this week. Farm gate price and FOB price of white pepper in Indonesia and Malaysia were reported to increase slightly by 1%. The increase in price at both countries was due to the strengthening of Indonesian Rupiah and Malaysian Ringgit against the US Dollar.

Feb 08 - Import of pepper by AUSTRALIA (WPB)
- Australia, the country down under, imported a quite substatial amount of pepper from producing countries. In the past three years Australia, which almost equally exported in the form of whole and ground, shown a fluctuated movement in terms of quantity. The past three years saw 4% increase of the total quantity and 42% deficit of the total value of the pepper imported by Australia.
In 2016, Australia imported a total of 3,689 Mt in which comprised of 52% whole pepper amounted to 1,916 Mt. Thus, recording an average of 307 Mt per month with the highest quantity recorded in July with 419 Mt. At the same year Australia spent a total US$ 36 million to import their pepper which resulted in an average buying price of US$ 10,245 per Mt for whole pepper and US$ 9,269 per Mt for ground pepper.
- For 2017, Australia recorded an 9% increase in term of the total quatity of pepper imported as opposed to the previous year which amounted to a total of 4,012 Mt in which comprised of 1,968 Mt whole pepper and 2,044 Mt ground pepper. Australia imported an average of 334 Mt pepper per month which peaked in September 2017 with 603 Mt. in 2017, the total pepper bought by Australia was worth US$ 27 million which was 24% less when compared with 2016. Australia recorded an average buying price of US$ 7,043 per Mt for whole pepper and US$ 6,716 per Mt for ground pepper.
- At the end of 2018 saw Australia importing a total of 3,828 Mt of pepper in which 2,103 Mt of it in the form of whole pepper. This resulting to a decrease of 5% as opposed to the previous year. In 2018, Australia which imported an average of 319 Mt per month,recorded the highest import number in January 2018 with 528 Mt. Australia in total bought US$ 21 million worth of pepper in 2018. Thus, recording 24% less expenditure on pepper import when compared to the previous year. Over the year 2018, Australia reported an average buying price of US$ 5,866 per Mt for whole pepper and US$ 5,076 for ground pepper.
- Over the past three years, the top major contributors for Australia's pepper were Viet Nam, South Africa, Indonesia and India. Viet Nam contributed to 53%, 55% and 60% of the total imported pepper for 2016, 2017 and 2018 respetively. In 2018, Australia imported pepper from Viet Nam as much as 1,263 Mt, South Africa 224 Mt, India 208 Mt and Indonesia 112 Mt.

Feb 08 - Cocoa Market report (HCCO)
If the May 19 date broke through the psychological resistance at GBP 1700 ( high GBP 1702) in the morning, the expected selling pressure came into the markets shortly before the opening of New York.

- May 19 ended the day at GBP -17 at GBP 1670 due to technical selling and an overbought market at GBP 1650 lows. The 05.02 and 06.02 gap between GBP 1664 /1666 was also closed. The main focus yesterday was again on the near March/May 19 spread, with a smaller volume, it continued to trade at a significant premium of GBP 29, a remarkable reversal of around GBP 40 in 4 days. Triggers are likely to be increased arbitrage LDN / NY trading, rolling of unfixed source contracts and a larger short position of a trader in March 19.
Regarding arbitrage, we expect increased speculator activity before the First Notice Day March 19 NY next Thursday.

Feb 08 - U.S. to end tomato trade pact with Mexico, threatening duties 

The United States will resume an anti-dumping investigation into Mexican tomatoes, the Commerce Department said on Thursday, withdrawing from a 2013 managed trade deal that U.S. growers and lawmakers say has failed. The move opens a new source of trade friction between the United States and Mexico, Commerce said it was giving the required 90-day notice before terminating the six-year-old agreement not to pursue anti-dumping cases against fresh tomato imports from Mexico. Click here to read full stories.

Feb 07 - Coffee consumption in Brazil rose 4.8 pct in 2018 - industry group

Coffee consumption in Brazil during the 2018 commercial year (Nov-Oct) grew 4.8 percent from a revised 2017 estimate, to the equivalent of 21 million 60-kg bags of green coffee, industry group Abic said on Wednesday. Abic said it changed its methodology for estimating Brazilian coffee consumption to exclude data from informal sale points such as on-farm shops and street markets. Click here to read full stories.

Feb 06 - Colombia coffee crop to recover in 2019, buoyed by weather, federation says

Colombia's arabica coffee crop will recover in 2019 as a mild El Nino weather phenomenon aids flowering, the head of the country's growers federation said on Tuesday, but low prices remain a worry. The country produced 13.6 million 60-kg bags of washed arabica last year, down 4.5 percent from 14.2 million in 2017, as growers struggled with heavy rains and dismal international prices. Click here to read full stories.

Feb 05 - Global coffee exports rise 0.9 pct in December - ICO  

Global coffee exports rose 0.9 percent year on year in December to 10.43 million 60 kg bags, data from the International Coffee Organization (ICO) showed on Monday. For the first three months of the 2018/19 season, which began on Oct. 1 last year, coffee exports rose 8.1 percent to 30.91 million bags. 

Feb 05 - Indian cane farmers owed $2.8 bln as sugar prices fall -trade body

India's cane farmers are owed 200 billion rupees ($2.8 billion) by sugar mills in the world's second-biggest producer of the sweetener as refined sugar prices have fallen below the cost of production, a leading trade body said on Monday. Farmers in key cane-growing states are protesting the delay in cane payments from the mills, and that may force the government to provide more incentives to the ailing industry ahead of general elections due by May. Click here to read full stories.

Feb 05 - Ivorian cocoa farmers expect plentiful mid-crop despite heat

Ivory Coast's cocoa farmers expect an abundant April-to-September mid-crop, they said on Monday, following a week of above-average rainfall in most of the country's cocoa regions. Ivory Coast, the world's top cocoa producer, is in the midst of the dry season which runs from November to late February. Scarce showers during this period are crucial to the development of the mid-crop. Click here to read full stories.

Feb 04 - Global sugar deficit in 2019/20 seen at 1.36 mln tonnes - Green Pool

The world sugar market is on course for a shortfall of 1.36 million tonnes (raw value), analyst Green Pool said on Friday in its first forecast for the 2019/20 season. It also trimmed its projection for the global surplus in 2018/19 to 2.64 million tonnes from a previous forecast of 3.60 million. Click here to read full stories.

Feb 01 - Weekly Pepper Bulletin, Week 28 Jan - 1 February 2019 (IPC)
- With Chinese New Year holiday on the brink, market this week showed a rather positive response with Viet Nam the only origin recorded a deficit. At the local level, price for black pepper India was reported to experience a slight 1% increase as compared to the previous week and traded at an average of US$ 4,914 per Mt. Whilst in Indonesia, Lampung black pepper and Muntok white pepper were traded stable. Malaysia also recorded an increase of pepper prices for its black and white pepper by 1% as opposed to the previous week and traded its pepper at an average of US$2,281 and US$ 3,838 per Mt respectively. With arrival of new crops expected to reach its peaks during March, Viet Nam's prices were squeezed even more at the end of the week, thus recording deficit of 2% for black pepper and 6% for white pepper. Meanwhile Sri Lanka black pepper and China white pepper were reported to experience increase by 1% and 2% respectively as opposed to the previous week.
- The international prices also showed a similar trend with Viet Nam again the only origins which recorded a deficit. FOB price for black pepper India was at an average of US$ 5,195 which was an increase of 1% as opposed to the previous week. Indonesia black and white pepper followed the local level trend and were traded stable. As for Malaysian black and white pepper prices, they were traded 1% higher as opposed to the week before. After last week substantial price drop, deficits were also recorded for Viet Nam's black pepper 500 g/l, 550 g/l and white pepper which amounted to 2%, 3% and 2% respectively. Low price and the upcoming Tet holiday season forced Viet Nam's farmers to hold on their stocks . FOB price for China white pepper recorded an increase of 2% and were traded at an average of US$ 5,123 per Mt. Though the 35-days long shutdown in US has been temporarily ended on Friday 25 January 2018, the US market remained inactive. Situation in US resulted in all origins local currencies grew strong against US dollar this week which would attribute to the increase of prices in some origins.

Feb 01 - Export of Pepper by BRAZIL (IPC)
- Brazil as the second biggest pepper producer in the world just behind Viet Nam, has also become the second biggest exporter of pepper in the world. In the past three years, Brazil which mainly produce black pepper, has kept increasing its export number substantially. In the last three years Brazil's total pepper export quantity had reached an increase of 134% as opposed to 2016 albeit recording a deficit of 21% in terms of values.
- In 2016, Brazil exported a total of 31,085 Mt pepper with 99% of it in the form of whole pepper thus recording an average of 2,590 Mt per month of exported pepper. In the same year Brazil recorded a total revenue of pepper export as high as US$ 246 Million which then recorded an average price of total pepper exported by Brazil at US$ 7,982 Mt for whole pepper and US$ 2,237 Mt for ground pepper.
- 2017 saw a significant spike in number of peppers exported by Brazil. Brazil was recorded to have exported a total of 59,501 Mt pepper in which 99% of it was in the form of whole pepper, thus, recording a 91% increase as compared to the previous year in 2016. On average in 2017, Brazil exported 4,958 Mt of pepper each month with the highest number at 8,848 Mt which was recorded in October 2017. The total value of pepper exported by Brazil in 2017 was reported at US$ 274 Million which recorded a spike of 11% as compared to 2016. The average prices of total pepper exported by Brazil for 2017 were US$ 4,622 per Mt for whole pepper and US$ 2,140 per Mt for ground pepper.
- At the end of 2018, Brazil had exported a total of 72,580 Mt pepper in which 99% of it was in the form whole pepper. Thus, recording an increase of 134% and 22% when compared to year 2016 and 2017 respectively. On 2018 Brazil which averagely exported around 6,048 Mt per month, recorded the highest export number on November at 12,791 Mt. Brazil banked a total amount of US$ 195 Million as its pepper export revenue in 2018 which was a deficit of 21% and 29% as opposed to the 2016 and 2017 respectively. Throughout the 2018 the average prices of total pepper exported by Brazil were US$ 2,689 per Mt for whole pepper and US$ 1,954 per Mt for ground pepper.
- Over the year of 2018 Brazil had exported pepper to more than 80 countries around the world including fellow pepper producing countries with the only exception Indonesia. Furthermore, the top five destinations were Germany at 14,677 Mt which contributed to 21% of total exported pepper by Brazil followed by United States with 10,764 Mt, Viet Nam with 9,763 Mt, Morocco with 6,541 Mt and Mexico with 4,285 Mt.

Feb 01 - Suedzucker to close two German sugar factories in restructuring 

Suedzucker, Europe's largest sugar refiner, said on Thursday it plans to close two German sugar production plants as part of a restructuring programme announced this week. The plants are in Brottewitz and Warburg and together produce around 200,000 tonnes of sugar annually, a Suedzucker spokesman said. Click here to read full stories.

Jan 30 - Suedzucker to cut output, close plants after sugar price slump 

Suedzucker, Europe's largest sugar refiner, said on Tuesday it planned to cut capacity and close sugar production plants to save about 100 million euros ($114 million) a year following a slump in sugar prices. The company said it planned to reduce sugar production volumes by up to around 700,000 tonnes per year. It currently produces about 5.9 million tonnes of sugar a year, according to its website. Click here to read full stories.

Jan 30 - Buyer of SAF-Cacao assets wins Ivory Coast 2018/19 export permit 

Ivory Coast's cocoa marketing board has granted an export licence to the company that bought the assets of SAF-Cacao, a top exporter until it was liquidated in July, a document reviewed by Reuters shows. This represents a milestone for the world's biggest cocoa producer, which has toughened conditions for export licences to avoid a repeat of defaults linked to a disastrous 2016/17 season, when world market prices fell 40 percent. Click here to read full stories.

Jan 30 - Honduran coffee exports expected to miss forecast by 11.5 pct 

Honduran coffee exports will sharply miss their forecast for the 2018/2019 harvesting season due to a global price slump that has prompted local producers to smuggle out coffee or abandon their farms, a senior industry executive said on Tuesday. Exports in Honduras, Central America's top coffee producer, are expected to fall 11.5 percent compared with an earlier estimate, said Omar Funez, the technical manager of national coffee institute IHCAFE. Click here to read full stories.

Jan 25 - Singapore's Olam plans $1.6 bln in divestments; to sell rubber, fertiliser units 

Singaporean commodity trader Olam International said on Friday it will sell its sugar, rubber, wood products and fertiliser businesses and other assets to release $1.6 billion of cash to reinvest as part of a six-year strategic plan. The company plans to invest $3.5 billion in the period to 2024 in 12 prioritised businesses, including edible nuts, cocoa, cotton, coffee, grains and animal feed, it said in a statement. Click here to read full stories.

Jan 25 - Int'l Pepper Bulletin, Week 21-25 January 2019 (IPC)
- The market showed negative trend this week with only India reported to remain stable. At the local level, prices were reported to record a deficit between 1% up to 5%. In Indonesia black pepper was traded 1% lower than the previous week while Muntok white pepper experienced more pressure due to some part already started their first harvest resulting a 2% deficit when compared to last week. Malaysia also recorded a 1% deficit both for black and white pepper which could be contributed to the local currency weakening over the US dollar. The biggest deficit this week was recorded in Viet Nam with a 5% deficit for black pepper and 4% deficit for white pepper. The loss experienced by Viet Nam was as result of new crops coming in and also factored in the weakening of Vietnam Dong towards US Dollar. Sri Lanka black pepper and China white pepper were reported to have recorded the same 1% deficit as compared with the previous week. 
- Following the same trend as in the local level, India's FOB price was reported to remain stable whilst others recorded deficit between 1% up to 11%. Indonesian FOB price this week also recorded the same amount of deficit as in local level, black pepper recorded a loss of 1% while Muntok white pepper took 2% deficit. Malaysian black and white pepper as well as China white pepper recorded the same amount of deficit by 1% as compared with the previous week. Viet Nam's loss this week was even greater for the FOB price than on local level, recording 8% and 11% deficit for the FOB price black pepper 500 and 550 g/l respectively. Whilst Viet Nam white pepper FOB price was reported at 6% lower when compared with the previous week at an average of US$ 3,598 per Mt.
- US market remained flat as the shutdown continued to its 34 days with no clear end in sight as this has become the longest shutdown in US history. 

Jan 25 - Import of Pepper by TURKEY (IPC)
- Turkey, famous for being located partly in Asia and partly in Europe, has always been known for incorporating various of spices in its cuisine resulting in a significant number of spice import to fulfil the domestic consumption.
- Pepper Import by Turkey showed a significant fluctuation in the past three years with 2017 being the most apparent. In 2016, Turkey imported a total of 4,228 Mt pepper in which 97% of it was in the form of whole pepper resulting in an average of 352 Mt per month of pepper imported. Total value of imported pepper by Turkey in 2016 was reported to be US$ 7.8 million. Thus, in 2016 the average prices of the total imported pepper by Turkey were US$ 1,837 per Mt for whole pepper and US$ 2,278 per Mt for ground pepper.
- In 2017, Turkey's pepper import recorded a significant spike of 33% in terms quantity and 48% in terms of value as compared with the previous year. Turkey recorded a total of 6,288 Mt of pepper imported in 2017 which consisted of 6,116 Mt whole pepper and 172 Mt ground pepper resulting in an increase of 49% for whole pepper and 30% for ground pepper as opposed to the previous year. In 2017, Turkey's total value of imported pepper was US$ 15.1 million. The average price of total imported pepper by Turkey were US$ 2,410 per Mt for whole pepper and US$ 2,000 per Mt for ground pepper. Turkey's highest import of pepper in 2017 was recorded in June with 858 Mt.
- As of November 2018, pepper import by Turkey amounted to 3,581 Mt which consisted of 3,500 Mt whole pepper and 81 Mt ground pepper. Thus, recording a staggering deficit of 40% in terms of quantity as compared to the same period in 2017. In terms of value of the imported pepper by Turkey as of November 2018, which banked a total US$ 6.9 million, it reported an even sharper deficit of 51% as opposed to the same period of the previous year. In 11 months of 2018, Turkey's average prices of total imported price were at level of US$ 1,958 per Mt for whole ground and US$ 1,391 for ground pepper.

Jan 24 - U.S. firm sues Commerce Department to overturn 2017 Mexico sugar deal

A U.S. sugar company hurt by a 2017 U.S.-Mexico trade deal is seeking to invalidate the pact in the U.S. Court of International Trade, saying the government violated protocol and did not disclose all of its meetings with members of the domestic industry. CSC Sugar LLC, a Connecticut-based company that turns raw sugar into liquid sugar for use in ice cream and other treats, filed a complaint against the U.S. Department of Commerce in the Court of International Trade in New York, the company said on Wednesday. CSC alleges the department failed to disclose key conversations with members of industry for a year while it renegotiated a trade pact with Mexico over imports of the sweetener, invalidating the deal. Click here to read full stories.

Jan 24 - Ugandan firm uses blockchain to trace coffee from farms to stores

An Ugandan company has started using blockchain, the technology behind virtual currency Bitcoin, to certify shipments of coffee to try to meet growing demand from consumers for more information about where products have come from. Carico Café Connoisseur said the move could help to boost farmers' incomes, as consumers are usually prepared to pay more for goods that can been traced back to their origins. Click here to read full stories.

Jan 23 - Cocoa giant Barry Callebaut sees sales accelerating after Q1 miss

Barry Callebaut is counting on sales momentum to accelerate later this year, the Swiss chocolate-maker said on Wednesday, after a first-quarter where volumes rose just 1.7 percent, just short of expectations. Fiscal first-quarter sales volume rose to 541 million tonnes, the company said in a statement, compared to the average forecast of 547 million tonnes in a Reuters poll. Click here to read full stories.

Jan 22 - Ivory Coast rains revive hopes for a strong cocoa mid-crop

A mix of strong rains and sunny spells last week in most of Ivory Coast’s cocoa regions augurs well for the April-to-September mid-crop's development, farmers said on Monday. Ivory Coast, the world's top cocoa producer, is in the dry season that runs from November to late February. Healthy rainfall was a welcome development that farmers said would contribute to the growth of flowers and cherelles on trees. Click here to read full stories

Jan 22 - Sparkling Australian wine exports lose their fizz as Chinese economy slows

Australian wine shipments to China grew at their slowest pace in four years in 2018, industry data showed on Tuesday, in another indication that Sino-U.S. trade tensions were dragging on consumer spending in the world's second-largest economy. The slowdown in exports to less than a third of 2017's breakneck speed adds to worries for investors, already on edge amid signs that softening Chinese demand was hurting businesses across the board, particularly after Apple issued a rare revenue warning citing weaker iPhone sales in the country. Click here to read full stories

Jan 18 - Int'l Pepper Bulletin, Week 14-18 January 2019 (WPB)
- Market continued to show mixed response with significant movement only reported in some origins. On farm gate level, decrease in price was reported in India, Indonesia, Sri Lanka and Viet Nam while others were reported steady and China remained to have recorded an increase. With domestic of black pepper thinning, India market was dominated by the cheap smuggled products coming via borders of Nepal, Myanmar and Bangladesh (according to thehindubusinessline.com), thus making black pepper in India traded at an average of US$ 4,842 which was a decrease of 5% compared to last week. Sri Lanka and Viet Nam traded their black pepper at 1% lower as opposed to the previous week. Black pepper in Indonesia and Malaysia was traded steady just like the previous week. As for white pepper in farm gate level, Muntok and Viet Nam recorded a decrease of 2% and 1% respectively as opposed to the second week of January which could be contributed to the weakening of the local currency towards US dollar. Malaysian white pepper was traded on the same level as the previous week. This week saw China prevailed as compared to other origins with trading white pepper at 2% higher as opposed to the previous week in US$ 4,870.  
- Slightly similar with the farm gate price, FOB price for black pepper in India also recorded a decrease by 4% and was traded at an average of US$ 5,123. Whilst in other origins FOB price of black pepper were traded steady and experienced no movement. FOB price for white pepper in Muntok also reported to have decreased by 2% recording an average price of US$ 4,335 while in Malaysia and Viet Nam it remained steady. China again became the only origins to have recorded an increase on the FOB price for white pepper by recording an increase of 2% as opposed with the previous week.
- Market in the US was reported flat as U.S federal agencies have been shut down for three full weeks, which still continues till present date, due to budget disagreement. Due to of this shut down, though shipments were cleared by the Customs and Border Protection they were held by the FDA and USDA holds which weren’t being released in timely manners.

Jan 18 - Export of Pepper Oleoresin from INDIA (WPB):
- Pepper oleoresin is a concentrate obtained through the extraction process of black pepper using organic solvents such as acetone, ethanol, ethylene dichloride, ethyl acetate, and other organic solvents. Pepper oleoresin consists of a mixture of pepper oil, resin, and alkaloid compounds that play a role in the level of spiciness of oleoresin. As a pepper concentrate, one kilogram of oleoresin can replace the use of 10 kilograms of pepper as a flavor in the food processing industry. Oleoresin is used as a flavor in the food processing industry such as canning meat, sauce, making soft drinks, pharmaceutical raw materials, the cosmetics and perfume industry, sugar and bread industry, and other industries.
- The use of oleoresin is preferred for the food industry because it has the original taste and aroma. Other advantages, oleoresin is more efficient in transportation and storage, its use can be standardized, free from microbial contamination, long shelf life, and does not affect the appearance and volume of the product. Although it has many advantages, oleoresin comes in a very thick form so it is sticky and difficult to weigh properly. It is also difficult to be dispersed on dry mixing. The flavor stability is not good at long storage and solvent residue is still contained. Oleoresin flavoring characters can change during storage or processing which may cause off-flavor. Therefore, oleresin requires special handling during storage to avoid the effects of heat, light, oxygen and humidity. One of the many technologies developed to minimize oloresin weakness is the microencapsulation technology.
- As the top producers of pepper oleoresin, in 2016 India exported 1,116,698 Kg of oleoresin with a value of US$ 59.7 million. The export price of pepper oleoresin from India in 2016 was reported to be the highest in September which reached US$ 59 per Kg, while the lowest price was reported in February with a value of US$ 49 per Kg. The average export price of pepper oleoresin from India in 2016 was reported to be US$ 53 per Kg. In 2017, India exported 1,321,211 Kg of oleoresin with a value of US$ 64 million, recording an increase of 18% in quantity and 7% in value. The export price of pepper oleoresin from India in 2017 was reported to be highest in January at US$ 59 per Kg, and the lowest in December at US$ 41 per Kg, while the average export price of pepper oleoresin from India in 2017 was reported to reach US$ 49 per Kg. Based on these data, the average export price of pepper oleoresin from India in 2017 decreased 8% from the previous year.
- As of September 2018, India had exported 1,006,027 Kg pepper oleoresin with a value of US $ 41.7 million. Compared to the previous year in the same period, exports of pepper oleoresin from India in 2018 experienced a 6% increase in quantity but experienced an 18% decrease in value. The average export price of pepper oleoresin from India in 2018 (as of September) was reported to be highest in May at US$ 47 per Kg, the lowest in September at US$ 34 per Kg, and the average export price of pepper oleoresin from India for the first 9 months of 2018 was reported to at US$ 40 per Kg. Based on these data, the average export price of pepper oleoresin in this period recorded a decline of 25% and 18% as compared to the same period in 2016 and 2017.
- As of the 9th month of 2018, the 10 major countries to export pepper oleoresin from India are USA with a quantity of 276,979 Kg, followed by Germany (128,982 Kg), France (74,764 Kg), China (66,264 Kg), Netherlands (55,175 Kg), Thailand (48,941 Kg), United Kingdom (47,963 Kg), Philippines (36,935 Kg), Canada (34,411 Kg), and Russian Federation (31,147 Kg).

Jan 18 - Brazil forecasts smaller coffee crop in 2019, possibly supporting prices

Brazil's 2019 coffee crop is seen at between 50.48 million bags and 54.48 million bags, compared to 61.65 million bags produced in 2018, as the off-year in arabica's production cycle cuts overall output, the government agency Conab said on Thursday. Silvio Farnese, a supply director at Brazil's Agriculture Ministry, said the smaller crop could support prices, particularly for arabica futures in New York, since the cut in production for that variety is sizeable. Click here to read full stories.

Jan 18 - Brazil center-south sugar output to rise 14 pct - INTL FCStone

Brazil's center-south region will produce 30.2 million tonnes of sugar in the 2019/20 season, about 14 percent more than it did in the previous crop, broker and analyst INTL FCStone said in a report on Thursday. Mills will tend to increase the amount of cane earmarked for sugar production and cut ethanol production in the new crop starting in April, INTL FCStone said, as lower oil prices reduce the price advantage of ethanol compared with gasoline at pumps. Click here to read full stories.

Jan 18 - Small Ivorian cocoa exporters seek relief on commitments - sources

More small cocoa exporters in Ivory Coast were unable to fulfill their international contracts at the end of last year, and sources at the country's cocoa board told Reuters that this group asked to postpone 70 percent of October-to-December commitments due to a lack of financing. Each year, the cocoa board of top grower Ivory Coast (CCC) sells forward most of its expected harvest, a portion of which is allocated to small exporters. Click here to read full stories.

Jan 17 - Many coffee species threatened with extinction, scientists warn

Climate change and deforestation are putting more than half the world's wild coffee species at risk of extinction, including the popular commercial coffees Arabica and Robusta, scientists warned on Wednesday. Research published by experts at Britain's Royal Botanic Gardens at Kew found that current conservation measures for wild coffee species are not enough to protect their long-term future. Click here to read full stories.

Jan 17 - Brazil ethanol pipeline owner eyes corn-based fuel makers

Logum, the company operating Brazil's sole ethanol pipeline, is looking to expand the system into central Brazil to reach more plants and possibly the nascent corn-based ethanol industry, which is expected to grow. Chief Executive Wagner Biasoli told Reuters Logum has secured financing for an expansion to link new mills in the state of Minas Gerais, boost delivery to Sao Paulo state and reach total capacity of 6 billion liters per year. Click here to read full stories.

Jan 17 - ADM CEO says wrong time for 'monster' acquisitions

U.S. grain merchant Archer Daniels Midland Co (ADM) has looked at buying rivals including Bunge Ltd. and dozens of other companies but decided the time is not right for "monster" acquisitions, the company's chief executive told Reuters. ADM's overture to Bunge last year, reported by Reuters and other media, fueled Wall Street speculation of further consolidation among the world's major trading houses that sell, store and ship crops. Click here to read full stories.

 

Jan 11 - Weekly Pepper Bulletin, Week 7-11 January 2019 (WPB)
- Local prices in pepper-producing countries were reported to experience mixed responses this week. When comparing with the previous week, the prices of black pepper at the farm level were reported to have decreased by 3% in India, Viet Nam and 1% in Sri Lanka. Opposed to India, Viet Nam, and Sri Lanka, the price of black pepper at the farm level in Indonesia and Malaysia increased by 3% and 1% respectively. Price increases also occurred for Muntok White Pepper and Malaysia White Pepper, both products experienced price increases of 3% and 1% respectively as opposed to last week. The increase in pepper prices in dollar terms was due to the strengthening of the Indonesian and Malaysian local currencies against the US Dollar by 2% and 1% respectively. At farm level Viet Nam, white pepper was traded 5% lower than the previous week.
- In local currency, the average prices of black pepper this week were reported to be Rs 355 per Kg in India, IDR 33,000 per Kg in Indonesia, VND 50,100 per Kg in Viet Nam, RM 9.4 per Kg in Malaysia, and LKR 580 per Kg in Sri Lanka. While the prices of white pepper were reported to be IDR 53,000 per Kg in Indonesia, VND 83,500 per Kg in Viet Nam, RM 15.8 per Kg in Malaysia, and CNY 32.73 per Kg in China.
- FOB Prices for black pepper and white pepper also experienced a trend similar to pepper prices at the farm level. The FOB prices of black pepper and white pepper in Indonesia increased by 3%, and in Malaysia there was a 1% increase. Whereas India and Viet Nam experienced a decrease in FOB Prices between 1 - 3%.
- Furthermore, the Spot Prices of white pepper and black pepper in New York were reported to be stable, the same as last week. Following the brink of new crop arrival in Viet Nam and the full swing of Vitoria crop, pressure to the global pepper price is expected to continue. 

Jan 11 - Projection of Import and Domestic Consumption of Pepper
by INDIA, INDONESIA, MALAYSIA, SRI LANKA, VIET NAM, BRAZIL, AND CHINA IN 2019 (WPB)
- In 2019 pepper exports and consumption are projected to face a mixed response. India is projected to import 17,700 Mt consisting of 16,500 Mt black pepper and 1,200 Mt white pepper. Kerala flood damage in India appeard to be costly, pepper production in India this year is projected to be at 47,000 Mt which is 27% lower as opposed to the estimated production in 2018, India's exports are also projected to be quite high (17,000 Mt). So as to meet domestic consumption which is expected to reach 58,000 Mt (consisting of 56,500 Mt black pepper, and 1,500 Mt white pepper), India relies on imports, which is projected to be 51% higher as opposed to estimated figure of 2018, and stocks from the previous year which are already thinning.
- Indonesia in 2019 is projected to produce slighty 7% lower (65,000 Mt) when compared to the previous year. This year Indonesia is projected to import 850 Mt of pepper consisting of 700 Mt black pepper and 150 Mt white pepper. Peppers imported by Indonesia are  mostly processed pepper. Indonesia is known to export pepper to several countries such as Viet Nam and Singapore for further processing. After further proccessing the pepper was shipped back to Indonesia. To meet domestic consumption, Indonesia is projected to be able to fulfill it from domestic production. This year, domestic consumption in Indonesia is projected to reach 29,750 Mt consisting of 15,250 Mt black pepper and 14,500 Mt white pepper.
- With production projected to reach 24,000 Mt and export 14,000 Mt, then pepper stocks in Malaysia are still lacking to meet domestic consumption needs. In 2019 domestic consumption in Malaysia is projected to reach 11,150 Mt consisting of 6,690 Mt black pepper and 4,460 Mt white pepper. To meet domestic needs, Malaysia is projected to import 2,000 Mt of pepper consisting of 1,500 Mt black pepper and 500 Mt white pepper.
- Sri Lanka is projected to produce 26,700 Mt of pepper and export 20,200 Mt this year which would be an increase of 44% and 80% resepectively. Domestic consumption in Sri Lanka in 2019 is projected to reach 11,505 Mt consisting of 11,500 Mt black pepper and 5 Mt white pepper. For domestic consumption needs, Sri Lanka is still able to rely on pepper stocks from the previous year. Imports in 2019 will be carried out by Sri Lanka to maintain domestic stock stability. In addition to maintaining stock stability, Sri Lanka is also known to import pepper with the same purpose as Indonesia, namely the quality improvement of pepper carried out abroad. Imports by Sri Lanka are projected to reach 1,200 Mt, consisting of 1,000 Mt black pepper and 200 Mt white pepper.
- As a country with the largest pepper production in the world, Viet Nam is projected to continue importing 35,000 Mt of pepper consisting of 30,000 Mt black pepper and 5,000 Mt white pepper. Viet Nam is known to import pepper for further proccessing. Some producing countries such as Indonesia, Malaysia, and Cambodia are projected to export pepper to Viet Nam for further proccessing. In addition, the import to Viet Nam is also projected to be re-exported. Viet Nam imports high-quality pepper from several producing countries for the purpose of exporting it back to consumer countries. Furthermore, in 2019, domestic consumption in Viet Nam is projected to reach 9,000 Mt consisting of 8,000 Mt black pepper and 1,000 Mt white pepper. To meet domestic consumption needs, Viet Nam will rely on its production and stocks from the previous year.
- In 2019, Brazil is projected to only import 300 Mt black pepper. Brazil's projected production is 7% lower (67,000 Mt) than the previous year which is capable of meeting domestic consumption needs. This year Brazil's domestic consumption is projected to reach 7,000 Mt consisting of 6,700 Mt black pepper and 300 Mt white pepper.
- Although it is projected to have production of 33,000 Mt and export of only 1,000 Mt, in 2019 China still imports pepper to meet its domestic consumption. As the number one biggest population in the world, this year domestic consumption in China is projected to reach 75,000 Mt consisting of 40,000 Mt black pepper and 35,000 Mt white pepper. To meet domestic consumption, China cannot rely solely on domestic production and stocks from the previous year which would only amounted around 36,000 Mt. China is projected to import 40,000 Mt black pepper and 3,500 Mt white pepper so that the total pepper to be imported by China in 2019 is projected to reach 43,500 Mt.

Jan 08 - Building new specialty coffee benchmarks to secure better prices, supplies

Buyers and sellers of specialty coffee, increasingly worried about future supplies of high quality beans, are finding new ways to price their coffee after benchmark U.S. futures hit a 13-year-low in late 2018. Specialty coffees are usually priced at a premium to the benchmark, leaving specialty growers vulnerable to volatility in futures. Click here to read full stories.

Jan 07 - China to launch rubber, cotton and corn options on Jan 28

China will launch options for rubber, cotton and corn on Jan. 28, the country's securities regulator said at a press briefing on Friday, adding to the tools available to hedge on price risks in the world's largest agriculture market. The regulator approved the launch of corn and cotton options in June last year. Click here to read full stories.

Jan 04 - Weekly Pepper Bulletin, Week 31 Dec 2018 - 4 Jan 2019 (WPBP)
The end of 2018 and start of 2019 were marked with mixed response from the market. Pepper prices showed increasing trend in all producing-countries except in Viet Nam and Sri Lanka. At the farm level, the prices of black pepper and white pepper in India, Indonesia, and Malaysia experienced a sligh 1% increase compared to the previous week. The price increase was influenced by the local currency which strengthens against the US Dollar. In Viet Nam, the price of black pepper was recorded to have declined by 2%, and white pepper also declined but was not significant. A significant decline occurred in the price of black pepper in Sri Lanka. The price of black pepper in Sri Lanka declined by 6% compared to last week. A factor in domestic political instability was the contributing factor behind the decline in pepper prices in Sri Lanka.
The average prices of black pepper at farm level this week were reported to be IDR 33,000 per kg in Indonesia, VND 51,500 per kg in Viet Nam, RS 366 per kg in India, RM 9.4 in Malaysia, and LKR 589 per kg in Sri Lanka. Furthermore, the average prices of white pepper at the farm level were reported to be IDR 53,000 per kg in Indonesia, VND 87,500 per kg in Viet Nam, and RM 15.8 per kg in Malaysia.
FOB prices in producer countries also experienced a trend similar to prices at the local level. Price increases occurred in India, Indonesia and Malaysia. Nearing the new crop season in Viet Nam which added further pressure, the FOB prices of black pepper and white pepper in Viet Nam were recorded to have decreased by 2% and 1% respectively. Furthermore, spot prices in New York this week were reported stable, there were no changes compared to the previous week.

Jan 04 - Projection of Production and Export of Pepper by INDIA, INDONESIA, MALAYSIA, SRI LANKA, VIET NAM, BRAZIL, AND CHINA IN 2019 (WPB)
In 2019, Vietnam's pepper production is projected to remain the highest compared to other pepper-producing countries. Viet Nam is projected to produce 175,000 MT of black pepper and 25,000 MT of white pepper, so the total production of Viet Nam is projected to reach 200,000 MT. Compared to the previous year's estimate, Viet Nam's production is expected to decline slightly which could be contributed to the fact that Viet Nam isn’t looking to expand its pepper cultivation area, according graovenment officials. This year Viet Nam will focus on improving the quality of pepper rather than the quantity of production. Viet Nam will focus on reducing the use of synthetic chemical pesticides, and try to develop organic pepper plantations.
Brazil is projected to become the second largest pepper-producing country after Viet Nam. In 2019, Brazil is expected to produce 64,000 MT black pepper and 3,000 MT white pepper, so that Brazil's total production in 2019 is projected to reach 67,000 MT. Similar to Viet Nam, Brazil's production is also expected to decline compared to the previous year's estimate. The decline is estimated because some pepper gardens in Brazil have been quite old plants, and some gardens with young plants still need more time to produce.
Indonesia is projected to occupy the third position after Viet Nam and Brazil in pepper production. In 2019, Indonesia is projected to produce 25,000 MT of black pepper and 40,000 MT of white pepper. Compared to the previous year's estimate, Indonesia's production in 2019 is also projected to decline. The decline in production is due to the fact that many gardens in the pepper production center are not in good condition due to lack of care. Farmers are a little less eager in maintaing their pepper farm because prices have continued to decline since the pastt few years.
Pepper production in India this year is expected to decline compared to the previous year's estimate. In 2019, India is projected to produce 45,500 MT of black pepper and 1,500 MT of white pepper. The decline in production in India is caused by the many gardens in the center of pepper production such as in Kerala  were damaged due to floods. Floods in Kerala cause many plants to be washed away and caused a less favorable microclimate. Humid conditions after flooding triggered the emergence of various diseases in pepper plants.
Production of black pepper in China is estimated to reach 33,000 MT consisting of 1,000 MT of black pepper and 32,000 MT of white pepper. Thus records a decrease of 6% in the yearly total production as compared to the previous year.
In 2019, black pepper production in Sri Lanka will reach 26,000 MT and white pepper production is estimated to reach 700 MT, so total production this year is projected to reach 26,700 MT which records an increase of 44% opposed to the estimation number for 2018.
Pepper production in Malaysia is expected to increase from the previous year. In 2019, Malaysia is projected to produce 17,872 MT of black pepper and 6,128 MT of white pepper, so that total pepper production in Malaysia is estimated at 24,000 MT. A number of pepper production centers in Malaysia are heading to peak production so production in Malaysia has increased slightly this year.
Exports of pepper in 2019 will also be led by Viet Nam with export projections reaching 215,000 MT. Exports by Viet Nam are projected to be greater than their production because Viet Nam has quite significant stock carry forwad from the previous year. Export quantity after Viet Nam was followed by Brazil (57,600 MT), Indonesia (37,000 MT), Sri Lanka (20,200 MT), India (17,000 MT), Malaysia (14,000 MT), and China (1,000 MT).

Jan 04 - Scant rain poised to stress Brazil sugarcane as well as soy

Erratic rains in Brazil, which have already been hurting the soybean crop, are also beginning to stress sugarcane fields, which this season are more susceptible due to plant aging, experts told Reuters. Sugarcane is usually more resilient than soybeans amid weather adversity; still, below-average rains and high temperatures are cause for concern in the industry, which faces potential losses if such conditions persist, they said. Click here to read full stories.

Jan 02 - Cocoa tops 2018 gainers, as growth worries roil metals, crude 

Cocoa prices ended 2018 with strong gains, leading generally firmer agricultural markets, but the year marked falls for most major commodities as increasing global economic uncertainty hit metals and oil. Worries about slackening growth in China, the world's second-largest economy, and trade talks between Washington and Beijing will be the main focus in the new year, analysts said, while oil markets fear a growing oversupply.Click here to read full stories.

 

Jan 02 - Sugar prices end 2018 at lowest levels in a decade 

Sugar futures on ICE finished 2018 lower on Monday, with year-end settles for New York-based raw sugar and London-based white sugar at the lowest since 2008, as a global supply glut led to a second consecutive annual decline. Spot raw sugar closed at 12.03 cts/lb, a 20.6 percent decline year on year, while spot white sugar ended the year at $332.50/tonne, a 15.8 percent decline year on year.Click here to read full stories.

 

Dec 28 - Weekly Pepper Bulletin, Week 24-28 December 2018 (WPB) 

During the Christmas week, market showed mixed response with pepper prices at the local level in Malaysia and Viet Nam were reported relatively stable. Price increase occurred in Indonesia. In dollar terms, Lampung Black Pepper increased by 1%, while Muntok White Pepper increased by 2% compared to the previous week. Meanwhile, black pepper prices in India was reported to decrease by 1% compared to last week. The political upheaval in Sri Lanka resulted in a high decline of pepper prices, the black pepper price was reported to have dropped from US$ 3,774 per MT to US$ 3,413 per MT, recording a decline of 10%.

At the local level, the average price of black pepper in local currency was reported to be IDR 33,000 per kg in Indonesia, VND 52,500 per kg in Viet Nam, RS 366 per kg in India, RM 9.4 per kg in Malaysia, and LKR 620 per kg in Sri Lanka. While the price of white pepper was reported to be IDR 53,000 per kg in Indonesia, VND 87,500 in Viet Nam, and RM 15.8 in Malaysia.

FOB Prices in India, Malaysia, and Viet Nam reported no significant changes compared to the previous week. An increase in FOB Prices occurred in Indonesia. The price increase was due to price increases at the farm level. Whilst the Spot Prices of the white pepper at New York was reported to be the same as last week, the black pepper spot prices were reported to increase by 2 - 3 % as compared to the previous week.

Dec 28 - Import of Pepper by TAIWAN (TAIPEI, CHINESE) (WPB) 

Taiwan is one of the pepper consumer countries in Asia. To meet pepper demand, Taiwan imported pepper from the major pepper-producing countries such as Indonesia, Malaysia, Viet Nam, and India. In 2016, Taiwan imported 2,980 MT of pepper consisting of 2,879 MT whole pepper and 101 MT ground pepper. Taiwan imported more black whole pepper compared to white whole pepper. Black whole pepper imported into Taiwan in 2016 was reported to be 1,892 MT, while white whole pepper was reported to be 987 MT. The value of imports of whole pepper to Taiwan in 2016 reached US$ 24,834,000, consisting of US$ 23,466,000 whole pepper and US$ 1,368,000 ground pepper.

In 2017, Taiwan imported 3,315 MT consisting of 3,201 MT whole pepper and 114 MT ground pepper. The value of pepper imports to Taiwan in 2017 was reported at US$ 21,984,000 consisting of US$ 20,660,000 whole pepper and US$ 1,324,000 ground pepper. Just like the previous year, pepper imports by Taiwan were dominated by whole black pepper which was reported to reach 2,074 MT whole black pepper and 1,127 MT whole white pepper. Taiwan's imports in 2017 increased by 11% in quantity but decreased by 11% in value opposed to 2016.

Furthermore, as of September 2018, Taiwan has imported 2,291 MT consisting of 2,193 MT whole pepper, and 98 MT ground pepper. Whole black pepper imported by Taiwan in this period reached 1,431 MT, while whole white pepper was reported to reach 762 MT. The import value up to the 9th month of 2018 was reported to be US$ 11,028,000. When compared with the same period in 2017, pepper imports by Taiwan recorded a 6% increase in quantity but experienced a 28% decrease in value. Pepper imported to Taiwan is consumed domestically with a bare minimum of it being exported out. 

In 2018 (as of September), the top exporters for the whole black pepper to Taiwan were Malaysia with a quantity of 1169 MT, followed by Viet Nam (795 MT), and Indonesia (103 MT). While the top exporters for whole white pepper are Indonesia with a quantity of 900 MT, followed by Malaysia (209 MT), and China (29 MT). The next top exporter for ground pepper to Taiwan was India with a quantity of 52 MT, followed by Viet Nam (17 MT), and Malaysia (16 MT).

 

Dec 21 - Weekly Pepper Bulletin, Week 17-21 December 2018 (WPB) 

Pepper prices at the farm level show mixed responses. In dollar terms, prices of black pepper in India were reported to increase 3% from the previous week. The price of black pepper at the farm level in Indonesia and Sri Lanka is reported to have decreased by 3%. Furthermore, in Malaysia and Viet Nam, the price of black and white pepper at the farm level were reported to be stable. The decline of price also occurred in white pepper at the farm level in China and Indonesia.

In local currency, the average price of black pepper is reported to be IDR 32,500 per kg in Indonesia, VND 52,500 per kg in Viet Nam, RS 372 per kg in India, RM 9.3 in Malaysia, and LKR 680 per kg in Sri Lanka. Furthermore, the price of white pepper was reported to be IDR 51,500 per kg in Indonesia, VND 87,500 per kg in Viet Nam and RM 15.8 per kg in Malaysia.

FOB prices were reported to have followed the same trend as the local price with only Malaysia recording a stable price movement. Furthermore, US spot price showed negative movement after inactivity in the past few weeks. Muntoks white pepper spot price was reported as the only origin with the same price as opposed to the preceding week. US spot prices from other origins recorded decrease of between 2% - 4% as compared to last week. In the other hand, offers were reported to have soften following the new crop shipments expected in the February and forward.

Dec 21 - Export of pepper from NETHERLANDS (WPB)

With top exporters such as Brazil, Indonesia Viet Nam and Indiai n 2016, the Netherlands imported 9,853 Mt of pepper consisting of 6,546 Mt whole pepper and 3,307 Mt ground pepper. In 2017, the Netherlands imported 10,296 Mt consisting of 6,455 Mt whole pepper and 3,841 Mt ground pepper. Furthermore, in 2018 (as of August) the Netherlands imported 9,888 Mt consisting of 6,552 Mt whole pepper and 3,336 Mt ground pepper.

In 2016, the Netherlands exported 9,215 Mt of pepper consisting of 5,402 Mt of whole pepper and 3,813 ground pepper, with a total value of US$ 94,344. Pepper exports from the Netherlands in 2016 were dominated by whole pepper with a percentage of 59% whole pepper and 41% ground pepper. In 2017, the Netherlands exported 10,477 Mt consisting of 5,876 Mt of whole pepper and 4,601 ground pepper, with a value of US $ 84,370. Thus, recording a 14% increase in quantity, yet decreased 11% in values as opposed to 2016.

As of August 2018, the Netherlands exports 3,329 Mt whole pepper with a value of US$ 19,689. In addition, the Netherlands also exported 2,805 Mt ground pepper with a value of US$ 20,094. So the total exports in this period reached 6,134 Mt, with a value of US$ 39,783. Compared to 2017 in the same period, exports from the Netherlands decreased by 13% in quantity, and 32% in value.

Until the 9th month of 2018, most of the whole pepper from the Netherlands are shipped to Germany (608 Mt), Belgium (550 Mt), Spain (343 Mt), Austria (298 Mt), and Czech Republic (199 Mt). Meanwhile, the top market for Netherland's ground pepper were Germany (724 Mt), United Kingdom (471 Mt), France (429 Mt), Belgium (347 Mt), and Sweden (152 Mt).

 

Dec 21 - Brazil - Conab cuts cane crush, sugar output forecast (DJ)
The agency revised down its sugar production forecast to 31.73 mln tonnes from 34.25 mln previously and compared with 37.87 mln a year ago, while it raised its forecast for ethanol production to 32.31 bln litres from 30.41 bln (2017/18: 27.24 bln). That would be comfortably above the 2015/16 record of 30.5 bln litres.
Cane crushing in the Centre/South (CS) is now seen falling 3.7% to 566.91 mln tonnes from 588.66 mln a year ago, while the cane crush in the North/Northeast region (NNE) is seen up 9.7% at 48.93 mln tonnes from 44.60 mln a year ago.
Sugar production in the CS in 2018/19 is projected to fall 7.6% to 29.10 mln tonnes from 35.32 mln, while sugar production in the NNE is seen up 3.6% at 2.63 mln tonnes from 2.54 mln. Ethanol production in the CS is seen increasing 18.5% to 30.20 bln litres from 25.48 bln, while output in the NNE region is expected to rise 20.0% to 2.11 bln litres from 1.76 bln.

Dec 21 - Indonesia - Government sets 2019 raw sugar import quota at 2.83 mln t
(DJ)
The quota will be reviewed every three months and adjusted if needed, he said.
Indonesia set a raw sugar import quota of 3.6 mln tonnes for 2018, but only 2.7 mln tonnes were imported, according to Nurwan.

Dec 20 - Ukrainian sugar production drops to 1.64 million tonnes (DJ)
Ukrtsukor did not publish comparative data for last year, but records from sister publication FO Licht, show that 1.9 mln tonnes of sugar had been produced by the same time last year.
This means that the sugar extraction rate is down significantly this season at 13.55% from 14.33% a year ago. Ukrtsukor expects sugar production to fall to 1.75 mln tonnes this season from 2.14 mln in 2017/18.
Russian harvest
Meanwhile in Russia harvested 41.1 mln tonnes of sugar beet in 2018, down 10.9% from 52.0 mln in 2017, Rosstat reported. The figure is slightly below the 41.3 mln tonnes reported by the Agriculture Ministry on November 30 when the harvest was 99% complete. Besides a drop in area under cultivation, the beet yield fell to about 37.6 tonnes per ha this year from 43.3 a year ago, according to the AgMin.

Dec 20 - Indian Mills told to undertake Sugar Shipment as per fixed quota (DJ)
The Government of India has asked sugar mills to undertake mandatory exports of five million tonnes (MT) of sugar as per their fixed quota for 2018-2019 (Oct-Sep) and warned of action against defaulting mills. The government has set an export target of five MT to liquidate surplus stock and improve liquidity of sugar mills. Only about 2.46 lakh tonnes of sugar has been exported by the mills so far since 1 Oct 2018.

Dec 14 - Weekly Pepper Bulletin,  Week 10-14 December 2018 (WPB) 

Both local and international market continued showing mixed response throughout this week. Black pepper price in local market of India and Sri Lanka was reported stable, while in Indonesia and Viet Nam their price decreased by 2% and 5% respectively. Only in Malaysia was black pepper traded higher by 5% as opposed to the week before. White pepper was reported stable in the local market of Viet Nam and China, while in Indonesia it was traded lower by 2% compared to the previous week. Again, Malaysia price of white pepper prevailed by 3% when compared to last week.  

Following the trend in local market, FOB price for Malaysian black and white pepper recorded increase of 4% and 2% respectively as compared to the previous week. In Viet Nam the average FOB price of black pepper 500g/l and 550g/l were US$ 2,525 and US$ 2,775 recording a loss of US$150 and US$ 100 respectively as opposed to the previous week. Whilst the average price FOB price of Viet Nam white pepper was also reported to decrease by US$51. FOB prices for India and China were the only two that showed stability when compared to last week. Indonesia FOB price also followed the declining trend of Viet Nam by recording a drop of 2% both for Lampung black pepper and Muntok white pepper. 

With new crop arrival expected during December, US Spot prices continue its steady streak. As the stock of pepper remains low with forecasted to increase only by February/March, domestic demand is expected to absorb most of the yield.

 Dec 14 - Export of Pepper from GERMANY (WPB) 

Germany, known for its role as one of the major pepper exporter in Europe, acquires their pepper from major pepper producing countries with Viet Nam, Brazil, Indonesia and India as the top exporters. More than 80% of peppers imported to Germany are in the form of whole pepper in which some of them would be processed into ground pepper before being consumed or exported out of the country. Since 2016 import of pepper by Germany has increased steadily, with 29,706 Mt in 2016 to 32,299 Mt in 2017. As of September 2018, Germany imported in total of 20,145 Mt recording a slight increase of 1% compared to the same period in 2017, with 89% of it in the form of whole pepper. Furthermore, Germany was reported to import 7,732 Mt of pepper from Brazil and 7,341 Mt from Viet Nam as of the 9th month of 2018, making them the two biggest pepper exporters to Germany. 

In 2016, Germany exported pepper with a quantity of 14,846 MT consisting of 7,155 Mt whole pepper and 7,691 Mt ground pepper, with a value of US$ 146.8 million. Pepper exports from Germany in 2016 were slightly dominated by ground pepper with a percentage of 52% ground pepper, and 48% whole pepper. In 2017 Germany exported 8,713 Mt whole pepper, and 6,599 Mt ground pepper, amounting the total of 15,312 Mt with a value of US$ 122.9 million. Thus, recording a 3% increase in quantity, yet decreased 16% in value as opposed to 2016.

As of September 2018, Germany was reported to export whole pepper with a quantity of 6,557 Mt valued at US$ 35.8 million and ground pepper with a quantity of 5,075 Mt valued at 34.6 million, so the total export in this period reached 11,632 Mt in quantity and US$ 70.5 million in value. Though in terms of quantity of export, both for the whole and ground pepper, showed a slight increase by 0.2% and 2.2% respectively as compared to the same period in 2017, the export value took a cut of 30% for whole pepper and 24% for ground.    

Since the beginning of 2018 until the 9th month of 2018, most of whole pepper from Germany had been exported to Poland with a quantity of 2,592 MT, followed by Austria (1,203 MT), France (368 MT), Czech Republic (310 MT) and Italy ( 283 MT), making them the 5 top importers of pepper from German. Meanwhile, most of the ground pepper from Germany was shipped to the United States of America with a quantity of 1,401 MT, followed by France (1,045 MT), Austria (342 MT), Netherlands (309 MT), and Poland (297 MT).

 

Dec 12 - France cuts 2018/19 sugar beet yield to 80.53 tonnes per hectare
Agreste cut its estimate of the French 2018/19 sugar beet yield to 80.53 tonnes per hectare (at a standardized sugar content of 16%) in its December projection from 80.89 a month earlier.
Given that the area under beet cultivation was raised fractionally to 484,295 ha from 484,042 in the previous month, the total beet crop is now seen reaching 39,002,393 tonnes (at 16%), down from 39,155,191 previously. If realized, this would be down 15.8% from 46,300,141 tonnes a year ago. Last year's sugar beet area in France was 486,097 ha and the average beet yield was 95.25 tonnes per ha.

Dec 12 - Rainfall forces 132 Brazilian sugar mills to extend crush into December
Sugar cane crushing in Brazil's Centre/South (CS) fell further to 14.578 million tonnes in the second half of November from 21.296 in the first half of the month and 15.271 mln in the same period a year ago, Unica data showed.
Only 45 plants finished cane processing in the second half of November, much less than the 105 projected by Unica just two weeks ago. In total, just 131 units had completed harvesting by the beginning of December, down from 150 in 2017. This means that 132 mills continued crushing into December this year, much more than the 76 mills projected last month.
The wet weather led to a further drop of the amount of Total Recoverable Sugars (ATR) per tonne of cane to 120.62 kg from 127.40 two weeks earlier and down sharply from 136.77 in the same period last year. The sugar allocation fell to 31.50% from 34.03% in the first half of the month, and it was down from 36.58% last year.
This allowed the production of only 527,830 tonnes of sugar, tel quel, during the period under review, down from 728,000 a year ago. Ethanol production fell to 744 mln litres from 802 mln last year. Total cane milling since the start of the season has now reached 544.320 mln tonnes, down from 570.167 mln a year ago. Sugar production is down significantly at 25.761 mln tonnes from 35.202 mln, while ethanol production is up at 29.091 bln litres from 24.534 bln.

Dec 12 - Russian sugar production crosses 5 mln tonnes by early December
Russia's sugar production was down slightly from 5,132,700 on the same day last year, Soyuzrossakhar noted by early December.
Beet processing amounted to 33,412,560 tonnes, down from 36,257,100 a year ago. This implies a sugar extraction rate of 15.03%, up significantly from 14.16% a year ago.
There were 53 out of 75 sugar factories still operational as of the reporting date, eight less than a year ago. Beet deliveries to the factories reached 36,439,030 tonnes so far, down from 40,094,700 last year.

Dec 07 - Weekly Pepper Bulletin, Week 3-7 December 2018 (WPB) 

The U.S spot market has seen very little changes over these past weeks with no significant price movement recorded due to continuous restrained of product availability. With India awaiting new crops, most of the crops would be consumed domestically. Nearing the new crop arrivals, exporters in Viet Nam experienced pressure on selling their products. 

The price of black pepper at the local level this week showed a mixed response. In dollar terms, the prices of black pepper in India, Indonesia, and Viet Nam declined by 2%, 8%, and 2% respectively. The highest price decline occurred in Indonesia, recording a decline of USD 209 per MT, from USD 2,578 per MT last week to USD 2,369 per MT this week. Furthermore, the prices of black pepper in Malaysia and Sri Lanka were reported to increase by 1% and 6% respectively. In local currency, the average prices of black pepper at the farm level were reported to be IDR 34,100 per kg, VND 55,500 per Kg, RS 364 per Kg, RM 9 per Kg, and LKR 700 per Kg.

Furthermore, the price of white pepper this week was also reported to vary. In Viet Nam, the price of white pepper was reported to be stable at USD 3,741 per MT. In Indonesia, white pepper prices in dollar terms reported a 4% decline compared to last week. Whereas in Malaysia the price of white pepper experienced a 1% increase from last week. At the local level, the average price of white pepper in local currency was reported to be IDR 53,100 per Kg in Indonesia, VND 87,500 per Kg in Viet Nam, and MR 15 per Kg in Malaysia. Both local and FOB price in China were reported to record a sight decrease as compared to the opening of the week.

Dec 07 - Export of Pepper from UNITED STATES OF AMERICA (WPB) 

The United States of America (USA) plays an important role in the pepper trade in the world. The USA is known as one of the largest re-exporters of pepper in the world. In 2016, USA exported 14,130 MT consisting of 5,812 MT whole pepper and 8,319 MT ground pepper, with a value of USD 56 million. In 2017 USA re-exported with a total of 12,938 MT with a value of USD 57 million, recording a decline of 8% in quantity but an increase of 2% in value. Pepper exports from the USA in 2017 were still dominated by ground pepper with a ratio of 57% ground pepper and 43% whole pepper.

As of September 2018, the USA is reported to export 7,112 MT of pepper consisting of 3,429 MT whole pepper and 3,683 MT ground pepper. The export value of whole pepper in the first 9 months in 2018 was reported to be USD 10.7 million, while the value of ground pepper exports was reported to be USD 22.2 million, so the total export value in this period reached USD 33 million. Compared to the same period in 2017 the export quantity of whole pepper from the USA in 2018 declined by 15%, then the export quantity of ground pepper was also reported to have declined by 36%. In the first 9 months of 2018, the average value of pepper exports from the USA decreased by 23% compared to the pepper export value in the same period in 2017. Up to the 9th month of 2018 the main source of USA pepper has been Viet Nam. It was reported that 35,894 Mt of pepper shipped to USA froom Viet Nam which consisted of 28,541 Mt Whole and 7,353 Ground. 

In 2018 pepper from USA was exported mostly to Canada with a quantity of 1,536 MT, followed by South Korea (301 MT), United Kingdom (182 MT), Mexico (174 MT), Taiwan (159 MT), Japan (155 MT), Kuwait (123 MT), Nigeria (119 MT), and other countries. Furthermore, most of the export of ground pepper from the USA was shipped to Canada with a quantity of 2,156 MT, followed by Mexico (481 MT) and other countries.

 

Dec 06 - Global cocoa grindings rise by almost 4% (IEGvu)
- After growing by over 6% in the previous season, world grindings of cocoa beans are estimated to have continued to improve during the 2017/18 crop year, by 3.9% to 4.570 million tonnes, outlined the ICCO. “This new estimate reflects the unabated increase in demand which is especially reflected in the steady cocoa processing growth in origin countries,” said the ICCO in its quarterly report. The council’s latest estimate is more or less unchanged from its previous one back in September, though this time the rate of growth in Africa is higher than in Asia.
- On a regional level, the most notable increase in processing activity was estimated to stem from Africa, where the level of processing rose by almost 6% to 951,000 tonnes. “The expansion of already installed capacity as well as the establishment of new processing factories have also contributed to the positive growth in Europe and the Asia and Oceania regions of 5.1% and 4.3% to 1.711 million tonnes and 1.031 million tonnes respectively,” it added. By contrast, the Americas registered a very minimal decline of 0.3% from the previous season to 877,000 tonnes.
- The ICCO emphasized that the effect of increased grindings was reinforced by the boost in exports of products, with production and exports having kept pace with the increasing demand. Top global producing regions Ghana and Ivory Coast have seen their combined cocoa output reduced by the ICCO, in its latest 2017/18 estimate. “The reason for this is likely to be the downturn in cocoa prices resulting in higher returns to cocoa processing,” it said. “Export patterns of cocoa products as at the end of the second quarter of the 2017/18 season illustrate an upward trend as compared to exports during the same period of the preceding season.”
- The recent increases in processing capacity in cocoa producing countries, particularly in Africa and the Asia and Oceania regions, have benefitted from the development of single-origin cocoa products which is rapidly gaining popularity among consumers, outlined the ICCO. “Indeed, the growing importance of traceability of final products is leading to higher volumes of cocoa grindings at origin to 2.126 million tonnes (up by 101,000 tonnes or 5%). This accounts for nearly 47% of total world grindings in 2017/18,” it said.
- As a result, the ICCO estimates that Ghana, Indonesia and Malaysia were the main leaders in increased origin processing during the 2017/18 season. Grindings in Ghana are estimated to be 280,000 tonnes, reflecting an increase of almost 12% over the past season. Higher imports of cocoa beans and higher exports of cocoa products in the first two quarters of the season prove that Indonesia and Malaysia have also gained ground, the council added. Meanwhile, grindings are estimated to have remained flat in Ivory Coast (up by 3,000 tonnes to 580,000 tonnes). “The fall in the availability of quality beans may be assigned to the virtually unchanged situation in the country’s grindings,” it said.
- Grindings in cocoa importing countries are also estimated to have risen in the 2017/18 cocoa season, to 2.444 million tonnes up by over 3% or 72,000 tonnes compared to the previous year, with most of the increase occurring in Europe. “The accelerating chocolate demand and improving cocoa processing margins, can be alluded to be the two main contributors to the increase,” the ICCO indicated. The Netherlands’ processing is estimated to take the largest share of grinding activities in Europe by increasing by 30,000 tonnes year-on-year (up by 5.3%) to 595,000 tonnes. Meanwhile, grindings the ICCO Secretariat estimates grindings in the US to be around 385,000 tonnes, with Canada at 62,000 tonnes and Mexico at 50,000 tonnes.

Dec 03 - Speculators boost bearish stance on sugar, coffee, cocoa 

Speculators increased their net short position in raw sugar for the fourth straight week and slightly lifted their bearish stance in arabica coffee on ICE Futures U.S. in the week to Nov. 27, U.S. government data showed on Friday. They boosted their net short position in cocoa and again cut their bullish stance in cotton futures and options, the U.S. Commodity Futures Trading Commission data showed. Click here to read full stories.

Dec 03 - Brazil's Copersucar CEO to step down 

Paulo Roberto de Souza, chief executive of Brazil's Copersucar SA, one of the world's largest sugar and ethanol companies, is stepping down, the company said on Friday. Copersucar, a partner of Cargill Inc in the world's largest sugar trader Alvean, said Souza was leaving due to personal reasons and that João Roberto Teixeira, who led Brazilian bank Votorantim for several years, will be the new CEO starting on Monday. Click here to read full stories.

Dec 03 - India's top sugar producing state Uttar Pradesh to keep prices unchanged 

India's biggest sugar producing state, Uttar Pradesh, will keep prices that mills must pay to cane growers on hold in the current season, a senior government official told Reuters on Saturday. In India, the world's biggest sugar consumer, the federal government fixes the price that cane growers receive each year, but Uttar Pradesh's state government typically raises them in a bid to appease farmers, stoking discontent among sugar mills. Click here to read full stories.

Nov 30 - Weekly Pepper Bulletin, Week 26-30 November 2018 (WPB) 

With a good stock in store and expecting a normal crop, pepper prices in Viet Nam were relatively stable. In Malaysia, pepper prices increased significantly. The average price of black pepper at the farm level in Malaysia this week was reported to be MR 8.82 per Kg, recording a 7% increase compared to last week's price of MR 8.28 per Kg. The average price of pepper in Indonesia at the farm level has decreased slightly. The price of Muntok White Pepper was reported at IDR 56,000 per kg, and Lampung Black Pepper reported at IDR 37,000, decreased by 2% and 1% respectively from last week's price. Following the strengthening of Local currency toward US Dollar, the average price of Lampung black pepper in International market recorded slight increase. The price of black pepper in India also increased although not significant. Furthermore, the price of black pepper at the farm level in Sri Lanka was reported at LKR 666, experienced a 3% increase from last week's price of LKR 650.

Nov 30 - Import of Pepper by THAILAND (WPB)
As one of the major agriculture exporter in Southeast Asia with Rice as the leading Product, Thailand also produces pepper though in small quantity. It is recorded that in 2016 Thailand produced 1,511 MT of pepper from area of 465 Ha. Furthermore, in 2016 Thailand was reported to import 3,381 MT of pepper consisting of 2,513 MT whole pepper and 868 MT ground pepper, with a value of USD 35.8 million. Thailand's major exporter in 2016 were Viet Nam with total of 3,099 MT pepper. In the year that follows Thailand imported pepper as much as 3,821 MT with a value of USD 30 million, recording a 13% increase in quantity but 16% decrease in value. In the same year it was reported that 90% of pepper coming to Thailand was exported from Viet Nam. The increase in Thailand's import quantity in 2017 as compared to the previous year was dominated by imports of ground pepper, which is 30% higher.

 

Nov 30 - Brazil's coffee may suffer decrease in quality and quantity in 2019 

The quality of Brazil's next coffee crop may be compromised due to excessive flowering, which results in beans that lack uniformity at harvest time, an industry leader said on Thursday. Carlos Paulino, chief executive of the world's largest coffee producers cooperative Cooxupé, said the phenomenon, which is related to abundant rains during the development period, also makes it harder to estimate the size of the next crop. Click here to read full stories.

Nov 30 - Germany's Nordzucker sees losses into 2020 over sugar market gloom 

Germany's second largest sugar refiner Nordzucker expects to post losses into 2020 as tough conditions in the European market batter profitability and encourage the group to look at expansion globally, its chief executive said. The sugar industry has been in turmoil since the European Union scrapped production and export quotas last year, which prompted many producers to boost output just when sugar prices plummeted due to a build up of world stock levels. Click here to read full stories.

Nov 29 - Biosev hires bank for possible Brazil sugar asset sales - source 

Biosev SA, the sugar and ethanol maker controlled by trading firm Louis Dreyfus Co, has hired an investment bank to seek potential buyers for some or all of its plants in Brazil, a source familiar with the plans told Reuters. Biosev has retained the local unit of Dutch bank Rabobank to explore opportunities for its nine production units in Brazil's center-south region, the country's main sugar producing region, the source told Reuters. Click here to read full stories.

Nov 29 - Green Pool raises 2018/19 global sugar surplus forecast 

Analyst Green Pool said on Wednesday it had raised its forecast for an anticipated global sugar surplus in the 2018/19 season to 3.60 million tonnes, raw value, from a previous projection of 3.22 million. The surplus was, however, still much smaller than the estimated 20.0 million tonnes for the 2017/18 season. Click here to read full stories.

Nov 29 - India needs sugar reforms as stocks climb - ISMA chief

India's sugar sector is in urgent of reform as stocks climb and high cane prices keep production costs far above those of its rivals, the Indian Sugar Mills Association said on Wednesday. The association's director general, Abinash Verma, said India's sugar stocks were expected to rise during the 2018/19 season despite an expected dip in production to 31.5 million tonnes from the previous season's 32.5 million tonnes. Click here to read full stories.

Nov 29 - U.S. ethanol prices drop to 13-year lows on bigger supply 

Prices for U.S. ethanol fell to the lowest levels in 13 years on Wednesday, pressured by bigger-than-expected output and larger supplies of the corn-based biofuel, traders said. Weekly U.S. Energy Information Administration data showed that ethanol production last week was up 6,000 barrels per day, to an average of 1.048 million bpd while stockpiles increased 139,000 barrels to 22.93 million barrels. Click here to read full stories.

Nov 28 - EU sugar output could drop further as growers turn away from beet 

Sugar production in the European Union could drop sharply in 2019/20 as farmers consider slashing plantings and switching to other crops amid depressed prices, industry participants said on Tuesday. European producers are not planting extra beet area and some are turning to other crops offering better returns, Martin Todd, managing director at LMC International, told the International Sugar Organization's annual seminar in London. Click here to read full stories.

Nov 28 - Rains force Brazilian mills to extend cane processing 

Mills in the area have extended cane processing operations for the current crop due to widespread rains over most of Brazil's center-south region, a major cane industry group said on Tuesday. Unica had projected two weeks ago that 79 center-south mills would finish operations for the season during the first half of November, but it said on Tuesday that only 31 of them had done so. Click here to read full stories.

Nov 27 - Rain boosts Ivory Coast's cocoa crop 

Above average rainfall in most of Ivory Coast’s cocoa growing regions last week is set to boost the October-to-March main crop, farmers said on Monday. Ivory Coast, the world’s top cocoa producer, is in the midst of the dry season, which runs from November to late February. Click here to read full stories.

Nov 27 - Speculators sharply increase bearish stance in raw sugar 

Speculators sharply increased their net short position in raw sugar to a six-week high and reduced their bearish stance in arabica coffee on ICE Futures U.S. in the week to Nov. 20, U.S. Commodity Futures Trading Commission data showed on Monday. Speculators cut their net short position in cocoa for the fifth straight week and again trimmed their bullish stance in cotton futures and options, the data showed. Click here to read full stories.

Nov 27 - Egypt's Delta Sugar raises beet planting area this year 

Egypt's Delta Sugar has contracted farmers to plant more than 114,000 feddans (118,314 acres) of sugar beet this year, an increase of around 20,000 feddans over the area planted last year, it said on Monday. Ahmed Abu al-Yazid, chairman of the Delta board, said in a statement that most of the area allocated for sugar beet has already been planted, with incentives to those who had planted early. Delta is the Middle East's largest beet sugar producer, the company says. Click here to read full stories.

Nov 26 - Indonesia to buy rubber from farmers to prop up local prices 

Indonesian President Joko Widodo has ordered the public works ministry to buy rubber directly from farmers and cooperatives to help prop up local prices, a statement from the cabinet secretariat said on Monday. Widodo said the ministry will start buying rubber from farmers in December, and the commodity will be used as mixing material for asphalt, according to the statement. Click here to read full stories.

Nov 26 - Mauritius lowers sugar output forecast again 

Mauritius lowered its 2018 sugar output forecast for the second time in a month to 320,000 tonnes on Friday citing a weak harvest. The Chamber of Agriculture had lowered its forecast to 324,000 tonnes on November 6. "Climatic conditions have not been favourable in recent weeks," Jacqueline Sauzier, secretary general of the chamber, told Reuters by phone. Click here to read full stories.

Nov 23 -  Weekly pepper Bulletin, Week 19-23 November 2018 (WPB) 

With most countries celebrating Milad-Un-Nabi (Moslem Holiday) on the 20th October aside from Viet Nam, this week prices at local market were reported relatively stable with the only exception of Sri Lanka which recorded a mere 1% decrease as compared to last week. At the local market the average price of a Kilogram of black pepper was IDR 37,500 in Indonesia, VND 56,100 in Viet Nam, RS 376 in India, MR 8.2 in Malaysia, and LKR 650 in Sri Lanka. Furthermore, the average price of white pepper per Kg this week was IDR 57,000 in Indonesia, VND 87,500 in Viet Nam, and MR 14,726 in Malaysia. FOB prices were reported to increase albeit insignificantly with the highest increase recorded at 2% by India. The increase was a result of fluctuation of local currency against US Dollar.

Nov 23 - Import of Pepper by ITALY (WPB) 

Considered as one of the important European market for pepper, in 2016 Italy imported 4,533 MT consisting of 3,711 MT of whole pepper and 822 MT of ground pepper, valued at USD 41.20 Million. In 2017, Italy imported 4,810 MT consisting of 3,988 MT of whole pepper, and 822 MT of ground pepper, valued at USD 33 Million; recorded an increase of 6.1% in quantity but declined 19.6% in value.

Furthermore, as of 2018 Italy has imported 2,861 MT of pepper consisting of 2,415 MT of whole pepper, and 446 MT of ground pepper, valued at USD 15.5 Million. Compared to 2017 in the same period, Italy imported 1.8% less on quantity and 33.7% less on value.

There was a shift for whole pepper main importer to Italy in 2018 which originated was by Brazil. As of July 2018, the imports of whole pepper by Italy were mostly supplied by Viet Nam at the total of 592 MT which was an increase of 15.6% as opposed to the same period in 2017.  In reference to the ground pepper, France is still the top importer for Italy, which imported 207 MT from France as of July 2018, thus, recording an increase of 34% compared to the same period in 2017.  

 

Nov 23 - Vietnam coffee, oil production under threat from tropical storm Usagi 

Vietnam's ongoing coffee harvest and offshore oil exploration are under threat from tropical storm Usagi, which is headed from the South China Sea towards the Southeast Asian country's coffee-growing region of the Central Highlands. Vietnam's long coastline makes it prone to destructive tropical storms. Natural disasters such as floods and landslides triggered by storms killed 389 people in the country last year. Click here to read full stories.

Nov 23 - New machine offers relief for Colombian coffee-growers' labor woes 

Third generation Colombian coffee farmer Mauricio Giraldo knows all too well the stress of seeing some of his crop rot on the tree because he cannot find enough workers to pick the cherry-like red fruit. His 35-hectare (86-acre) farm in the southern mountains of Huila requires 80 pickers, but sometimes during busy harvest seasons he can find only half that, as people gravitate toward urban centers and away from arduous agricultural work. Click here to read full stories.

Nov 22 - CoffeeNetwork sees large global coffee surplus in 2018/19 

The global coffee market is set for its biggest surplus for 16 years in 2018/19, CoffeeNetwork analyst Andrea Thompson said in a report on Wednesday. Thompson projected there would be a global surplus for the season of around 11 million (60-kg) bags, the largest since 2002/03. Click here to read full stories.

Nov 21 - Louis Dreyfus poised to take back strategic robusta stocks - sources 

Louis Dreyfus Company is poised to regain majority ownership of robusta coffee stocks on ICE Futures Europe, four trade sources told Reuters, in a move that will give the firm a strategic edge in trading the London-based futures market. Some 38,400 tonnes of robusta coffee have been tendered against November robusta futures since the start of the delivery period, Intercontinental Exchange (ICE) data shows. Click here to read full stories.

Nov 21 - Global sugar production to fall, but consumption to rise - USDA 

The U.S. government on Tuesday forecast world sugar production will fall about 9 million tonnes in 2018/19 to 185.9 million tonnes, while global consumption swells to new records. In its biannual report, the U.S. Department of Agriculture (USDA) said the decline in global production was primarily due to Brazil, where yields have been lower and where an increasing share of sugarcane is being diverted to ethanol production. Click here to read full stories.

Nov 20 - Ivory Coast light rains boost main cocoa crop 

Light rains mixed with sunny spells in most of Ivory Coast last week were expected to boost the main cocoa crop in the world's top producer, farmers said on Monday. Farmers said the outlook for the main crop was good. Ivory Coast is in the dry season that runs from November to late February, and farmers said rains through December would be crucial to ensure the harvest of big sized beans in February and March even with the current high level of soil moisture. Click here to read full stories.

Nov 19 - Rio Tinto, Nespresso join forces to make coffee pods greener

Nespresso, part of food giant Nestle, aims to use sustainable aluminium in all of its coffee capsules by 2020 under a deal with mining major Rio Tinto announced on Monday. Both companies have faced criticism for adding to pressure on the planet, with campaigners saying Nespresso coffee machines are wasteful and many of the used capsules end up in landfill. Click here to read full stories.

Nov 19 - Australia raps India sugar subsidies as part of WTO transparency drive

India's annual subsidies to sugarcane producers have breached the allowed limits by as much as tenfold in the past six years, Australia told the World Trade Organization in a document published by the world body on Friday. India's support for producers is supposed to be capped at 10 percent of the value of production, but it had paid between 77.1 percent and 99.8 percent since 2011, with payments between $9.3 billion and $11.8 billion, Australia said. Click here to read full stories.

Nov 19 - Speculators sharply increase bearish stance in sugar

Speculators sharply increased their net short position in raw sugar and lifted their bearish stance in arabica coffee for the first time in about two months in the week to Nov. 13, U.S. Commodity Futures Trading Commission data showed on Friday. They reduced their net short position in cocoa for a fourth straight week and cut their bullish stance in cotton futures and options to its smallest since August 2017, the data showed. Click here to read full stories.

Nov 16 - Weekly Pepper Bulletin, Week 12-16 November 2018 (WPB) 

Pepper prices at the farm level showed mixed response. In India, the price of black pepper at the farm level was reported to be USD 5,170 per MT, recording an increase of 2% compared to the previous week. In Malaysia the price of black and white pepper also increased by 2% and 1% respectively. Declined prices at the local level occurred in Viet Nam and Sri Lanka. In Viet Nam, the price of black pepper and white pepper at the farm level declined by 5% from the previous week. At the local level, pepper prices in Viet Nam declined from VND 58,100 per Kg last week, to VND 55,500 per Kg this week. Furthermore, the price of white pepper was reported to decline from VND 92,500 per Kg last week, to VND 87,500 per Kg this week. As for the declining price in Sri Lanka it could be contributed highly on the weakening of Sri Lankan currency against US Dollar. Furthermore, Prices of black pepper and white pepper in Indonesia were reported to be stable at an average of IDR 37,500 for black and IDR 57,000 for white pepper.

Nov 16 - Crop Production in East Luwu - INDONESIA 

East Luwu is one of the pepper-producing districts in South Sulawesi Province, Indonesia. With farming as their main livelihood there were 6,673 pepper farmers, one of which (Mr. Baharudin) won the 2016 IPC Best Farmer Award, with an average land ownership of 0.51 Ha per farmer up to 2017. East Luwu black pepper has a bulk density of 604.80 g/l; moisture content 11%; light berries 2.5%; 0.5% foreign matter, and moldy berries 0.23%. Furthermore, East Luwu white pepper has a bulk density of 697.65 g/l; moisture content 12.66%; light berries 0.24%; no foreign matter, black/dark colored berries 2.22%; and no moldy berries.

Since 2011 area of pepper plantation in East Luwu has been increasing steadily. In 2018, it is estimated that the total area planted with pepper reaches 5,879 hectares with an immature plant area of 2,438 hectares, mature plants of 2,984 hectares, and damaged / died plants of 457 hectares. Furthermore, it is reported that pepper production in East Luwu has also followed a steady increasing trend since 2011. East Luwu contributed 63% of the total pepper production of South Sulawesi Province in 2017. In 2018 pepper production in East Luwu is estimated to be 4,446 MT which is a 75% increase from 1,128 MT in 2011 (Table 1). East Luwu pepper is mainly sold to Jakarta for distribution at the national level or being shipped abroad.

 In East Luwu, the price of black pepper at the farm level in the first half of November 2018 was reported at IDR 35,000 per Kg; whereas, white pepper prices at IDR 55,000 per Kg. During the same period, FOB black pepper prices were reported at USD 2,711 per MT; and FOB white pepper prices at USD 4,066 per MT. East Luwu Pepper has been marketed to various regions, both domestically and overseas. In January 2019 it is estimated that pepper farmers in East Luwu will experience a fairly good harvest period. 

 

Nov 16 - ISO sees smaller global sugar surplus as output falls 

The International Sugar Organization on Thursday sharply reduced its forecast for an expected global sugar surplus for the 2018/19 season, cutting production outlooks for Brazil, India, Pakistan and the European Union. The inter-governmental body, in a quarterly report, forecast there would be a global surplus of 2.17 million tonnes in 2018/19 (October/September), down from a previous projection of a 6.75 million tonne surplusissued in August. Click here to read full stories.

Nov 16 - Nordzucker in talks to buy Australia's Mackay Sugar 

Germany's second largest sugar refiner Nordzucker is in talks to buy Australian producer Mackay Sugar, a Nordzucker spokeswoman said on Thursday. Nordzucker said earlier this year that it was considering acquisitions in the changed trading environment after the European Union liberalised its sugar market. Click here to read full stories.

Nov 15 - France sets out plans to tackle deforestation

France set out plans on Wednesday to tackle deforestation around the world, saying it would look to curb imports of products such as palm oil, soy, and beef which it said contributed to the problem of forest areas disappearing. Palm oil, a type of vegetable oil used in confectionery and other goods, is controversial because of the environmental impact of clearing forests to make way for plantations. Click here to read full stories.

Nov 15 - India sugar output to sour further on scanty rains - trade official 

India is likely to produce 7.4 percent less sugar than forecast earlier as mills are reporting a sharp drop in sugar cane yields due to a drought and white grub infestations in key growing areas, a senior industry official told Reuters. The drop will reduce exports from the world's second-biggest sugar producer and likely help support global prices that have fallen 17 percent so far in 2018. Click here to read full stories.

Nov 15 - Brazilian sugar mills owned by India's Shree Renuka up for auction 

Two sugar mills in Brazil owned by India's Shree Renuka Sugars Ltd, which filed for bankruptcy protection three years ago, will be put up for sale in a judicial auction on Dec. 18, according to court documents seen by Reuters on Wednesday. U.S.-based fund Castlelake is among the interested parties in the auction, two sources following Renuka's court case told Reuters. Brazil's Grupo Teston, which makes equipment for the sugar industry, is also a potential bidder, the sources said. Click here to read full stories.

Nov 14 - French farm ministry cuts 2018 sugar beet crop estimate again 

France's farm ministry on Tuesday cut its estimate of the country's 2018 sugar beet crop to 39.2 million tonnes from 40.4 million last month as it lowered expected yields. The reduced sugar beet crop estimate was now 15.4 percent below last year's volume but 5.3 percent above the five-year average. Click here to read full stories.

Nov 13 - Brazil mills extend cane crushing due to rains; focus on fuel 

Mills in Brazil's center-south region will likely extend their crushing operations later into the year than previously expected as ample rains in the region cut the pace of processing, cane industry group Unica said in a report on Monday. Plants remained keen on ethanol production despite recent gains in benchmark raw sugar prices in New York, the report showed, earmarking only 30 percent of the cane in the second half of October to sugar production, with the rest going to the biofuel. Click here to read full stories.

Nov 13 - Sunny spells help Ivory Coast's main cocoa crop 

Sunny spells in most of Ivory Coast last week were expected to boost the main cocoa crop in the world's top producer, farmers said on Monday. A drop in rainfall at the beginning of the November to February dry season has lessened the threat of black pod disease, farmers said, though some light rain has maintained a good level of soil moisture. Click here to read full stories.

Nov 12 - Speculators return to bearish stance in raw sugar - CFTC 

Speculators switched back to a net short position in raw sugar and cut their bearish stance in coffee for the seventh straight week on ICE Futures U.S. in the week to Nov. 6, U.S. Commodity Futures Trading Commission data showed on Friday. They sharply reduced their net short position in cocoa and cut their bullish stance in cotton futures and options, the data showed. Click here to read full stories.

Nov 09 - India plans to export 2 mln T of sugar to China from next year - govt statement

India plans to export 2 million tonnes of raw sugar to China from next year, the trade ministry said on Thursday, as part of efforts to trim bulging stocks of the sweetener and bridge a widening trade deficit. Producers' body Indian Sugar Mills Association and China's state trader COFCO have already signed an initial deal for 15,000 tonnes of sugar, the ministry said in a statement. Click here to read full stories

Nov 09 - Weekly Pepper Bulletin,  Week 05-09 Nov 2018 (WPB) 

Pepper prices at the local level showed declined trend except in India and Malaysia. The prices of black pepper and white pepper in Indonesia were reported to decline 3% and 2% respectively. Furthermore, in Viet Nam, the prices of black pepper and white pepper also dropped by 5% and 3% respectively. Prices at the local level in India were reported to be relatively stable due to national holidays from 6 - 9 November 2018. Meanwhile, in Malaysia, the price of black pepper and white pepper increased by 8% and 4% this week. In local currency, the average local price of black pepper in Malaysia was reported to increase from RM 7,512 per kg to RM 8,084 per kg this week. In addition, the average price of white pepper in Malaysia also increased from RM 14.005 per kg last week, to RM 14.546 per kg this week.

Nov 09 - Import of Pepper by Canada (WPB)   

In 2016 Canada imported 6,338 MT with a total value of USD 63.620 million. The import consisted of 2,686 MT ground pepper valued at USD 29.078 million, and 3,652 MT whole pepper valued at USD 34.542 million. In 2017 there was an increase in total import from 6,338 MT in 2016 to 7,120 MT in 2017 valued at USD 60.271 Million, recording an increase 12.3% in quantity but decrease in value by 5%. 

For the first semester of 2018, Canada has imported 3,669 MT of pepper, which consisted of 1,672 MT ground pepper, and 1,996 MT whole pepper. When compared to the same period in 2017, Canada up to June 2018 imported 3.5% higher in quantity, but 23% lower in value. Viet Nam was reported as the main source of pepper for Canada in the first half of the year, supplying 40% of total pepper imported to Canada. United States of America supplied 29%, followed by India 12%, and Brazil 6% respectively.

 

Nov 08 - Brazil sugar output seen growing, but global supply falls - FCStone

Brazilian mills are expected to increase the amount of cane they allocate to sugar production next season due to better prices for the sweetener, which will lead to a rise in sugar output of 3 million tonnes, broker and consultancy INTL FCStone said on Wednesday. FCStone expects Brazil's center-south to produce 29.6 million tonnes of sugar in the 2019/20 season that starts in April versus 26.3 million tonnes in 2018/19, which was the country's smallest output in years and almost 10 million tonnes lower than in the previous crop. Click here to read full stories.

Nov 08 - Brazil sugar-ethanol firm Biosev open to possible sale of mills - CEO

Biosev, the Brazilian sugar and ethanol unit controlled by commodities trader Louis Dreyfus, is open to market opportunities including the potential sale of additional mills, Chief Executive Officer Juan José Blanchard said on Wednesday. The company sold a mill in September and hired financial advisers to evaluate additional asset sales, as it seeks to reduce a large debt. Click here to read full stories.

Nov 07 - Ghana launches commodity exchange for agricultural products

Ghana launched a commodity exchange for agricultural products, the first in West Africa, on Tuesday in efforts to guarantee market access for farmers and boost their income, President Nana Akufo Addo said. He said the exchange would benefit around 1 million Ghanaian farmers by securing storage for their harvest over the next 18 months and aims to substantially reduce post-harvest losses. Click here to read full stories

Nov 07 - Wave of Brazil conillon coffee boosts ICE exchange stocks

Brazilian robusta coffee has been flowing into Europe - a market that traditionally doesn't consume it - with shipments in recent months fuelled by tight exchange supplies and a slump in the country's currency, trade sources said. The coffee has rebuilt ICE Europe Futures certified stocks from multi-year lows and pushed nearby robusta prices to a discount, erasing the sizeable premiums that have dominated the market structure for months. Click here to read full stories

Nov 06 - India plans to export 2 mln T of sugar to China from next year - govt statement 

India plans to export 2 million tonnes of raw sugar to China from next year, the trade ministry said on Thursday, as part of efforts to trim bulging stocks of the sweetener and bridge a widening trade deficit. Producers' body Indian Sugar Mills Association and China's state trader COFCO have already signed an initial deal for 15,000 tonnes of sugar, the ministry said in a statement. Click here to read full stories.

Nov 06 - Ivory Coast sunny weather boosts cocoa crop

Sunny spells and scarce rainfall in most of Ivory Coast's cocoa growing regions last week could stem the spread of black pod disease and boost the main cocoa crop, farmers said on Monday. Last week, farmers said they were concerned that wet spells could help spread disease. But a new wave of small pods was on trees and would ensure a healthy harvest into early next year if the good weather continues, farmers said. Click here to read full stories

Nov 02 - Bloomberg Commodity Index to cut weightings for livestock, softs 

Bloomberg adjusted the weightings for its Bloomberg Commodity Index for 2019, cutting its weighting for the livestock and soft commodity sectors, the company said in a statement dated Wednesday. It cut its weighting for the livestock sector to 5.94 percent in 2019 from 6.39 percent this year, and the softs sector to 7.05 percent from 7.60 percent. Click here to read full stories.

Nov 02 - Ivorian cocoa exporters struggle to get finance after SAF-Cacao failure 

Ivorian banks are refusing to finance purchases of cocoa beans by some local exporters until they are guaranteed repayment of 160 billion CFA francs ($279 million) of debt from failed export giant SAF-Cacao, banking and industry sources told Reuters. Exporters unable to provide strong guarantees to banks are being turned away, raising the risk of defaults and the growing dominance of the industry by foreign multinationals. Click here to read full stories.

Nov 02 - Costa Rican coffee exports up 53 pct year-on-year in October 

Costa Rican coffee exports rose by 53 percent year-on-year in October, the first month of the 2018/2019 harvesting season, according to data published on Thursday by national coffee institute ICAFE. Shipments for the month totaled 21,830 60-kg bags, compared with 14,311 bags during the same month last year. Click here to read full stories.

Nov 02 - Honduran coffee exports jump more than 90 pct in October

Honduran coffee exports soared 91 percent in October compared to the same month a year ago as sellers sold beans left over from the previous harvest, sector officials said on Thursday. Honduran exporters shipped a total of 99,509 60-kg bags in October, the first month of the 2018-19 harvesting season, compared to 52,017 in the same month of 2017, according to data from national coffee institute IHCAFE. Click here to read full stories.

Nov 02 - Weekly Pepper Bulletin, Week 29 Oct-02 Nov 2018 (WPB) 

Pepper prices at the local level showed mixed response. Price in India was reported dropped by 3% to an average of USD 5,048/MT as opposed to the previous week. Meanwhile, in Sri Lanka price of black pepper increased by 8% this week as compared to the previous week. Furthermore, the prices of black pepper and white pepper in Viet Nam also increased by 7% and 4% respectively. In Viet Nam, local price of black pepper increased from VND 56,700 per kg last week to VND 59,300 per kg this week. Then, local price of white pepper in Viet Nam also reported increased from VND 91,500 per kg last week to VND 92,500 per kg this week. Though the substantial demands pepper prices in Malaysia and Indonesia are reported to be relatively stable due to limited stock. 

Nov 02 - Import and Export of Pepper by SINGAPORE (WPB)   

Singapore is one of the most important pepper traders in the world. Since 2008 pepper import and re-export by Singapore have been known to be quite high. Singapore reached its peak in 2014 where Singapore imported 27,004 MT of pepper and re-exported it by 25,405 MT which amounted to USD 224 Million and USD 213 Million respectively. The following years showed declining trend of both import and export of pepper to and from Singapore. In 2015 there was a 25% decline in pepper imports and exports by Singapore compared to 2014. Then, a drastic decline occurred in 2016, at that time Singapore imported 68% lower and exported 71% lower than 2015.

In 2018 Singapore began to show better import and export figures compared to 2017 in the same period. Until July 2018 Singapore has imported 4,341 MT of pepper which equals to USD 17 Million, a 43% higher than the import in 2017 in the same period of 3,033 MT quantity wise. Viet Nam and Indonesia are the main exporters of pepper to Singapore. Until July 2018 exports from both countries to Singapore had reached 1,666 MT and 1,198 MT respectively.

 

Nov 01 - Ivory Coast on track for record cocoa harvest in 2018/19 

Ivory Coast is on track for a record cocoa harvest in the 2018/19 season of 2.2 million tonnes, up from about 2 million tonnes last season, due to favourable weather and new plantations, farmers, exporters and middlemen said on Wednesday. The main cocoa crop, which runs from October to March, is expected to hit a record 1.7 million tonnes, they said, up from 1.5 million tonnes last season. Click here to read full stories.

Nov 01 - Slowing Chinese demand, supplies to weigh on rubber prices in 2019 - assoc official 

Natural rubber prices are unlikely to recover in 2019 from their lowest level in more than two years as demand growth is faltering in top consumer China amid rising supplies, the Association of Natural Rubber Producing Countries (ANRPC) said. "The demand-supply situation and currency movements are not favourable. Potential growth in supplies is also weighing on sentiment," Jom Jacob, senior economist at the Kuala Lumpur, Malaysia-based ANRPC, told Reuters in a telephone interview on Wednesday. Click here to read full stories.

Oct 31 - CoreCommodity's De Chiara says bull cycle in commods starting 

Commodities from energy to metals and agriculture are in the early stages of a strong upward move, CoreCommodity LLC portfolio manager Adam De Chiara said on Tuesday, as interest rates start to rise and long-standing supply gluts start to dwindle. De Chiara, co-founder of the $4.2 billion CoreCommodity Management LLC, a privately owned investment manager, said global economic growth is the main reason he expects a sustained rally in energy markets including crude oil and natural gas, along with soft commodities like coffee and sugar. Click here to read full stories.

Oct 31 - Brazil sugar output seen at lowest in 12 yrs, new crop similar - Datagro 

Brazil's center-south is expected to produce 26.38 million tonnes in the 2018/19 season - which is heading into its final weeks - the lowest amount in 12 years due to a smaller cane crop and higher ethanol production, Datagro consultancy said on Tuesday. Datagro's previous estimate for the season was for production of 27.28 million tonnes. It projected the new sugar season, which starts in April next year, at a similar level with an output seen at 26.4 million tonnes. Click here to read full stories.

Oct 31 - Brazil's Cosan eying refining partnership with Petrobras

Brazil's Cosan SA Indústria e Comércio, a leading ethanol producer and fuel distributor, is interested in refining partnerships with state-run oil company Petroleo Brasileiro SA, its chairman Rubens Ometto said on Tuesday. The company is "looking at" potential partnerships, but it will depend on the model that Petrobras, as the company is known, sets for selling stakes in its Brazilian refineries, Ometto said. Click here to read full stories.

Oct 31 - Brazilian sugar companies cut debt to 5-yr low -bank 

Sugar and ethanol producers in Brazil have reduced their debt to the lowest level in five years as a result of sharp cost cuts and almost no investments in cane processing capacity, investment bank Itaú BBA said on Tuesday. According to data collected by the bank from companies accounting for around 80 percent of Brazil's center-south cane crushing capacity, mills closed the 2017/18 season with average debt of 117 reais ($31.47) per tonne of cane crushed, versus 120 reais in the previous season, and the lowest since the 104 reais per tonne in the 2013/14 crop. Click here to read full stories.

Oct 30 - Brazil sugar mills see better outlook, eye shift back to sweetener  

Brazilian sugar and ethanol producers said on Monday that the outlook for the sector is gradually improving and that better prospects for next year's season could include shifting more production back to the sweetener. Millers taking part in Datagro's international sugar conference in São Paulo said that a recent price rally in New York could help forward sales of sugar, which in turn might lead mills to earmark more cane to sugar production than they did this year, and less to ethanol. Click here to read full stories.

Oct 30 - Brazil's Bolsonaro backs ethanol industry, pledges partnership  

President-elect Jair Bolsonaro backed Brazil's ethanol industry and pledged to be a partner of the biofuel sector, according to remarks aired on Monday during an international sugar conference in Sao Paulo. Right-wing Bolsonaro, who beat leftist Fernando Haddad in a run-off vote on Sunday, said in a video that he would like to see Brazil retake global leadership in ethanol production, which it lost to the United States some years ago. Click here to read full stories.

Oct 30 - Ivory Coast rain boosts cocoa crop; disease worries emerge  

Above average rainfall in Ivory Coast's cocoa growing regions could improve the crop size next year, farmers said on Monday, although early signs of rain-induced black pod disease worried some. Soil moisture content is high and farmers said they were confident of an abundant harvest during the October-to-March main crop. The length and severity of the dry season, which runs from November to late February, will determine how well the crop does in the later months, they said. Click here to read full stories.

 

 

Oct 23 - Dreyfus sugar unit Biosev in talks to sell more mills -sources 

Biosev SA, the Brazilian sugar and ethanol producer controlled by global commodities trader Louis Dreyfus, is in talks to sell more assets in the country as it seeks to cut debt, two sources with knowledge of the plans told Reuters on Monday. Biosev, which announced the sale of a sugar and ethanol mill a month ago hired Datagro Financial, the financial services division of Sao Paulo-based consultancy Datagro, and the investment banking unit of Banco Santander Brasil SA to assist in the process to sell other mills, the sources said. Click here to read full stories.

Oct 23 - Ivorian cocoa farmers hope for dry weather as disease flares in east 

Above-average rainfall in Ivory Coast’s eastern cocoa-growing regions last week could hinder bean-drying and fuel the spread of disease, farmers said on Monday. Harvesting for the October-to-March main crop has picked up in the world's top cocoa producer, with farmers saying they were handling many beans. Click here to read full stories.

Oct 23 - Brazil launches trade dispute against China over sugar - WTO 

Brazil has launched a complaint against China with the World Trade Organization to challenge Beijing's restrictions on sugar imports, a filing published by the WTO showed on Monday. Brazil said it was challenging China's "safeguard" measure on imported sugar, the administration of its tariff-rate quota, and its "automatic import licensing" system for out-of-quota sugar. Click here to read full stories.

Oct 22 - Trump backs water projects in U.S. West as election nears 

President Donald Trump on Friday threw his support behind speeding up water projects for agriculture and hydropower in the arid U.S. West, a move aimed to help build support for Republicans in tight congressional races in next month's midterm elections. Trump signed a presidential memorandum that directs Interior Secretary Ryan Zinke and Commerce Secretary Wilbur Ross to "reduce regulatory burdens" and expedite environmental reviews for projects in the West that provide water for farmers and power generation. Click here to read full stories.

Oct 22 - Speculators slash bearish raw sugar position in half - U.S. CFTC 

Speculators sharply reduced their bearish stance in raw sugar contracts to its smallest in 3-1/2 months and boosted their net short position in cocoa for the fifth straight week on ICE Futures U.S. in the week to Oct. 16, U.S. government data show. Speculators cut their bullish stance in cotton for the eleventh straight week and reduced their net short position in coffee futures and options, U.S. Commodity Futures Trading Commission data showed on Friday. Click here to read full stories.

Oct 19 - Weekly Pepper Bulletin,  Week 15-19 October 2018 (WPB) 

Except in Sri Lanka and Malaysia, pepper price has shown an increasing trend. In Indonesia, price of black pepper in Lampung and white pepper in Bangka increased by 8-9% locally. In Kochi, India, Malabar black pepper price increased by 3%. A marginal increase of 1% was also recorded for Viet Namese black this week. Pepper prices in Kuching were reported stable, while in Sri Lanka decreased marginally.

Oct 19 - Import of Pepper by RUSSIA (WPB)   

Russia as one of important pepper market had recorded an import of 8,204 Mt of pepper, comprised of 7,609 Mt of whole and 595 Mt of ground pepper in 2017, an increase of 505 Mt compared to import of 7,700 Mt in 2016. Viet Nam was recorded as a single important source of pepper for Russia, supplying around 70% of pepper import. India, Indonesia and other sources supplied less than 10%. Up to July 2018 import of pepper into Russia reached 4,190 Mt (3,830 Mt of whole and 360 Mt of ground pepper), with Viet Nam continued to be the main source. When compared to import in the same period last year, import in the first seven month decreased by 700 Mt (14%). Import of whole pepper decreased, while for ground pepper increased marginally. Considering sufficient supply at source, import in the remaining month is estimated to remain high, with a slight lower from last year

 

Oct 19 - EPA chief says agency can expand ethanol sales without Congress 

The Environmental Protection Agency can allow sales of higher-ethanol blends of gasoline year-round without Congress, its acting administrator said on Thursday, adding that the oil industry should drop its threat of a lawsuit to halt the move. President Donald Trump announced last week he was directing the EPA to lift the summertime ban on sales of so-called E15 to help farmers suffering from slumping commodity prices. The oil industry said the move would violate the nation's biofuel policy and threatened to sue to block it. Click here to read full stories.

Oct 18 - Grub infestation may be the fix to India's sugar problem its farmers do not want 

India may have found a fix to its sugar problem but the answer will not make its cane farmers happy. After a bumper crop, sugar stockpiles in the country, the world's second-largest producer of the sweetener, have more than doubled since last year. With another record crop expected in the current growing season, India is subsidising sugar exports, threatening to glut the market even as prices fell to the lowest in 10 years on Sept. 27.  Click here to read full stories.

Oct 18 - Cristal Union says EU sugar industry slump could last until 2020 - Le Figaro 

Cristal Union, France's second-largest sugar group, sees the slump in the European sugar industry continuing in 2019 and possibly 2020 as prices take time to recover from historic lows, its chief executive told Le Figaro. The sugar industry has been in turmoil since the European Union scrapped production and export quotas last year, which prompted many producers to boost output just when sugar prices collapsed under pressure from large world stocks. Click here to read full stories.

Oct 18 - China says safeguard measures on sugar imports in line with WTO rules 

China's commerce ministry said on Wednesday its safeguard measures on sugar imports are in line with World Trade Organisation rules, in response to Brazil's opening of a consultation process at the trade body over Beijing's management of imports. Brazilian sugar exports to China plunged after China implemented steep anti-dumping duties on sugar imports from several countries last year. Click here to read full stories.

Oct 16 - Ivory Coast sunny weather boosts cocoa crop, but disease flares in the east 

Sunny spells last week in most of Ivory Coast's main cocoa regions were expected to boost the development of the October to March main crop, farmers said on Monday, though overly wet weather in the east caused disease issues. As the new marketing season in the world's top cocoa producer got underway, farmers said harvesting would rise sharply in November as there were plenty of big well-formed pods on the trees. Click here to read full stories.

Oct 15 - Speculators lift bearish cocoa bet, slash bearish sugar stance 

Speculators lifted their bearish stance in cocoa contracts to the highest in over a year and slashed their bearish position in raw sugar on ICE Futures U.S. in the week to Oct. 9, U.S. Commodity Futures Trading Commission data showed on Friday. They cut their net short position in coffee and reduced their bullish stance in cotton futures and options, the data showed. Click here to read full stories.

Oct 15 - Coffee farmers ask for industry action to mitigate depressed prices 

Coffee growers from more than 30 countries on Friday sent a letter to industry executives, asking for immediate action after prices fell to near a 13-year-low last month. "We write to express our deepest concern with the current situation in the coffee market that is generating a deep economic, social, and potentially political crisis, and unrest amongst coffee producers all over the world," the World Coffee Producers Forum wrote in a letter addressed to chief executives in the coffee industry. Click here to read full stories.

Oct 12 - Landslides Pose Risk To Uganda's Coffee Harvest (Dow Jones)
Tens of thousands of coffee farmers in Uganda's eastern main Arabica growing region are facing displacement as heavy rains and landslides intensify, potentially disrupting the ongoing harvest in Africa's No.1 coffee exporter, says the state-run disaster unit. The quantity of the current rainfall is comparable to the 2006 season, when some 180,000 people were displaced and tens of thousands of hectares of cropland destroyed, according to U.S.-funded research group Fewsnet. Hundreds of hectares of farmlands have already been destroyed by landslides that have also left over a dozen farmers dead in recent days. The severe weather threatens production of premium arabica coffee beans and could hurt Uganda's prospects of raising 2018-19 coffee output by 10% to 5.1 million bags.

Oct 12 - Weekly Pepper Bulletin, Week 8-12 October 2018 (WPB) 

The market continued to show a mixed response. Price Viet Nam, Indonesia and Sri Lanka increased; while in India decreased further. In Sarawak the price was reported stable at MYR 7.5 and MR 14.0 per Kg respectively for black and white pepper locally. In Dollar terms however, the price decreased marginally by 1%. 

Oct 12 - Import of papper by NETHERLANDS (WPB) 

Netherlands as important pepper trading countries in Europe imported 13,200 Mt in 2017 (8,400 Mt of whole and 4,800 Mt of round pepper), an increase of 6% from 12,400 Mt in 2016. Import of whole pepper decreased 7%, while for ground pepper increased 38%. Up to 2016 import into Netherlands decrease year by year from 16,100 Mt in 2014, 17,000 Mt in 2012 and 19,400 Mt in 2010. This phenomenon was likely due to suppliers in producing countries exported directly to buyers in consuming countries.  The year 2017 was likely the turning point for Netherland to import more and in 2018 the import is estimated to increase further as indicated by total quantity imported in the first half of the year.  During January- June 2018 import of pepper into the Netherlands was 7,900 Mt (5,500 Mt of whole and 2,400 Mt of ground pepper), registering an increase of 26% as against 6,300 Mt imported in the same period of last year. Import of whole pepper increased 37% and 7% for ground pepper. Major share of pepper imported into Netherlands was from Viet Nam (40%), followed by Brazil (26%) and Indonesia (14%).

Oct 12 - World sugar market could swing to deficit in 2019/20 as Brazil, EU curb output - broker 

The world sugar market could see a shortfall in 2019/20 after two years of over-supply as Brazil and the European Union cut production, but strong Indian output will still weigh on the market, ADM Investor Services International said on Thursday. The market could swing to a deficit of roughly 2 million tonnes in the 2019/2020 season, from an expected surplus of 4-5 million tonnes in the current 2018/19 season, said Howard Jenkins, head of global commodity group at ADMISI. Click here to read full stories.

Oct 12 - Brazil's 2018 coffee crop 51 pct sold, says consultancy 

Brazilian coffee farmers have sold 51 percent of the 2018 crop by Oct. 9 compared to 53 percent at this time last season and 52 percent seen in a 5-year average, Safras & Mercado consultancy said on Thursday. Safras said producers have slowed down sales in September after higher volumes earlier in the crop, taking a more selective stance now and waiting for eventual peaks in prices to clinch new deals. Click here to read full stories.

Oct 11 - Brazil sugar output sharply down late in Sept 

Brazil's center-south sugar output fell to only 1.28 million tonnes in the second half of September as rains reduced crushing activity and mills continued to allocate minimum amounts of cane to sugar production, industry group Unica said on Wednesday. Production of the sweetener was 55 percent lower than seen in the same period a year earlier, while cane crushing fell 31 percent to 27.6 million tonnes. Click here to read full stories.

Oct 11 - Brazil's coffee exports rise; lack of space in ships hits trade 

Brazilian coffee exporters shipped 2.73 million 60-kg bags of coffee abroad in September, 27 percent more than a year earlier, but a lack of container space in ships prevented larger volumes as the country sells a record crop. Coffee exporters association Cecafé said on Wednesday that some exporters had to delay loading of coffee at ports because they could not find cargo space in container ships. Cecafé said it had asked Brazil's government for help to solve the problem. Click here to read full stories.

Oct 10 - India to export raw sugar for first time in 3 years as global prices rally 

Indian sugar mills have signed deals to export raw sugar for the first time in three years as a rally in New York prices to seven-month highs along with government subsidies made exports lucrative, five dealers and two industry officials told Reuters. Mills in the world's second biggest sugar producer were reluctant to sign new export contracts until recently as global prices were trading far below local prices. Click here to read full stories.

Oct 10 - EU drop in sugar output offers "glimmer of hope" for supply glut 

The European Union is poised to reduce its sugar exports as poor weather and low prices dent output from the bloc, a move analysts said on Tuesday could help ease a global supply glut. The EU is expected to produce 17.3 million tonnes of sugar in the current 2018/19 season, down from 19.6 million tonnes in 2017/18, John Stansfield, trader and analyst at Group Sopex, told an industry gathering in London. Click here to read full stories.

Oct 10 - ICO sees global coffee surplus in 2017/18 

The International Coffee Organization on Tuesday raised its estimate for global coffee production in 2017/18 to 164.81 million 60 kg bags from 158.56 million. The inter-governmental body now sees a global surplus of 2.58 million bags for the season versus a previously expected deficit of 3.56 million. Click here to read full stories.

Oct 9 - Ivorian cocoa farmers welcome dry spell ahead of main crop harvest 

Below average rainfall in most of Ivory Coast’s main cocoa regions last week is likely to boost harvests for the October-to-March main crop, farmers said on Monday. The new marketing season in the world’s top cocoa producer opened on Oct. 1, with a guaranteed farmgate price of 750 CFA francs ($1.32) per kilogram set by the Coffee and Cocoa Council. Click here to read full stories.

Oct 8 - Farmers group asks Brazil for funds so its coffee farmers can delay sales

Brazil's farmers confederation, CNA, said on Friday it had officially requested government funding for a program that would allow coffee farmers to hold back sales and stock the product to avoid selling at current low prices. CNA said it met on Thursday with representatives of the ministries of Agriculture and Finance in Brasília, where it suggested the government reallocate money from Funcafé, a fund that finances programs for the coffee sector, to finance a plan to help farmers carry stocks that they could sell later, when prices are more favorable. Click here to read full stories.

Oct 8 - Speculators cut bearish coffee bet, lift bearish cocoa stance

Speculators cut their bearish bet in arabica coffee for the second straight week and increased their net short position in cocoa on ICE Futures U.S. in the week to Oct. 2, data from the U.S. Commodities Futures Trading Commission showed on Friday. They cut their bullish stance in cotton to its smallest since November 2017, and increased their bearish stance in raw sugar, the data showed. Click here to read full stories.

Oct 8 - Lebanon wines bring villages back to life and emigrants home

Lured by Lebanon's winemaking potential and nostalgia for his homeland, Maher Harb left a Paris consultancy job in 2010 and dug vines into the soil of family land unused since the country's civil war. Seven years later his Sept winery launched its first commercial vintage and is now looking to export as a number of European countries take an interest. Click here to read full stories.

Oct 5 - Coffee industry should emulate wine, not soda - illycaffe chair

Persistently low coffee prices for producers across the globe are a serious threat to the commodity, said the chairman of Italian premium coffee maker illycaffe SpA, who expects prices to begin taking a toll on production in coming years. To adapt, the industry should focus on premium bean production, illycaffe's chairman, Andrea Illy, told Reuters in an interview on Wednesday. Click here to read full stories.

Oct 4 - Mexico's sugar crop seen around 6 mln tonnes, demand down

Mexican sugar production during the 2018/2019 season is expected to be some 6 million tonnes or just over that figure, the head of the country's national sugar chamber Humberto Jasso said on Wednesday. "There are reasons to believe the harvest could remain around 6 million tonnes or be a little higher...there has been good rain so there are no reasons to foresee a drop" in production, Jasso told reporters. Click here to read full stories

Oct 4 - Thai sugar, sugarcane output set to fall  - USDA

Thai sugar and sugarcane production are forecast to decline in 2018-19 as consumption wanes and non-alcoholic beverage makers use less sugar after the nation passed a tax on sugary drinks, the U.S. Department of Agriculture (USDA) said. Sugarcane production is forecast to decline 4 percent to 130 million tonnes in 2018-19, due to reduced average yields after less rain fell than expected in major growing areas, according to an attache report published on the USDA website on Wednesday. Click here to read full stories

Oct 2 - S. African sugar makes rare appearance in small ICE October expiry 

Raw sugar from South Africa made a rare appearance in the cash delivery against an ICE Futures U.S. contract, exchange data and traders said on Monday, the latest sign of the impact of excess global supplies and changes in European Union policy. A Louis Dreyfus Company BV unit was the sole buyer of about 271,000 tonnes of raw sugar delivered against the ICE contract that expired on Friday, ICE data showed on Monday. Click here to read full stories.

Oct 2 - Coffee industry could act to raise prices -Brazil association ABIC 

The coffee industry could take joint action to combat the impact of low global prices on producers, such as restricting supply, but a decision can only be made after uncertainty over Brazil's election passes, the head of a Brazilian industry group said on Monday. Brazil's weak real currency and widespread shortselling of coffee futures helped push prices in New York to a 12-year low in September.  Click here to read full stories.

 

Oct 2 - Mexican sugar exports to rise as domestic consumption shrinks - USDA 

Mexico's sugar exports are slated to jump over 30 percent in 2018-19 as health concerns curb domestic consumption, the U.S. Department of Agriculture (USDA) said in an attache report published on its website on Monday. Consumption in Mexico is expected to fall to 4.60 million tonnes raw value in the crop year that began Oct. 1, compared to 4.57 million in 2017-18 and 4.79 million in 2016-17, the report said. Click here to read full stories.

Oct 2 - Ivory Coast cocoa farmgate price up in new season, Ghana's flat 

Ivory Coast, the world's top cocoa grower, raised the guaranteed price it pays farmers by 7 percent to 750 CFA francs ($1.34) per kilogramme for the 2018/19 main crop, while Ghana kept its price flat, the two countries announced on Monday. Ghana's government said it would not change the farmgate price it pays cocoa farmers, maintaining it at 7.6 cedis ($1.53) per kg, Minister of Agriculture Owusu Akoto Afriyie told the industry in the capital Accra. Click here to read full stories.

Oct 1 - Shippers cut Ghana cocoa export freight by 9.4 pct - Body 

Shippers ferrying Ghana's cocoa exports to Europe will cut their freight charges by 9.4 percent for the October-September season to compensate the country for recent global bean price falls, the head of the Ghana shippers authority said on Friday. Benonita Bismarck said that from Monday, shippers will charge 35 pounds per tonne for cocoa shipments to Europe, compared with the 39 pounds its members received in the previous season. Click here to read full stories.

Oct 1 - Speculators cut bearish stance in ICE coffee, lift bearish cocoa bet 

Speculators cut their bearish stance in arabica coffee contracts back from a record and increased their net short position in cocoa to its highest level in nine months on ICE Futures U.S. in the week to Sept. 25, according to U.S. government data. They increased their net short position in sugar and cut their bullish stance in cotton futures and options, U.S. Commodity Futures Trading Commission data showed. Click here to read full stories.

Oct 1 - El Salvador 2018-19 coffee harvest to rise 9 percent - government 

Coffee production in El Salvador is set to rise by 9 percent in 2018-2019 compared with the previous harvest, aided by forest renewal projects and better control of fungus epidemics, authorities said on Sunday. Agriculture Minister Orestes Ortez predicted that coffee production would reach 766,666 sacks of 60 kilograms, or 132 pounds, the largest harvest since an outbreak of roya decimated the impoverished Central American country's plantations in the 2013-14 harvest. Click here to read full stories.

Oct 1 - Louis Dreyfus seen scooping up small ICE October sugar delivery - traders 

Louis Dreyfus Company was seen as the sole buyer of about 271,000 tonnes of raw sugar against the ICE contract that expired on Friday, marking the smallest delivery against an October contract since 2011, according to traders and data. The delivery against the October raw sugar contract on ICE Futures U.S. was expected to total just 5,337 lots of raw sugar, according to three traders. Click here to read full stories.

WPB Week #29/18, 16 - 20 July 2018 

Pepper price at most origins remained unchanged. A marginal increase took place in HCM City for black pepper traded at local market. In Sarawak however the price decreased marginally.

 

Trade source reported Vietnamese black was offered at $2,650 for 550 FAQ and $2,700 for 550 MC. White pepper HTST was offered at $4,290. All are in US$ per Mt for Aug shipment.

 

Lampung black ASTA HTST was offered at $3,100 and for Brazilian ASTA was $2,650 per MT.

 

In Bangka, pepper harvest is on-going. Due to erratic rains taken place during this crop season, fruit growth is not uniform and the harvest will take longer. Pepper harvested in the main crop season (July/August) is not as good as last year. Overall however, the output is estimated to be more or less same as last year, with a marginal increase is anticipated.

 

EXPORT OF PEPPER FROM MALAYSIA: 

In 2017 Malaysia exported 12,190 Mt, a marginal decrease of 3% from 12,550 Mt of export in 2016. Supported by sufficient stocks carried forward from 2017, export of pepper in 2018 is estimated to increase. Indication of the increase is shown by increased export in the first four months this year. In April 2018 Malaysia exported 818 Mt of pepper, an increase of 12% when compared to export in April 2017. During January-April 2018 export of pepper from Malaysia reached 3,685 Mt, recording an increase of 3% when compared to export in the same period last year. Japan and China were the main markets of pepper for Malaysia, absorbing 33% and 28% respectively of Malaysian pepper in the four months. Singapore and Taiwan also imported significant quantity of Malaysian pepper.