Food Market

Ivory coast cocoa

Power shortage in Ivory coast drops cocoa grinding by 40%

Ivory Coast is the largest producer of a cocoa-the key ingredient in chocolate. World’s most prominent cocoa farmer has power shortage issues which affect on their cocoa production. Ivory Coast cocoa production might fall by 40% to 25,000 tons in May and decline even further in June. Since late April, the Ivory coast’s power generation …

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Soy bean and soybean oil on wooden table

Soybean Oil Price Historical Overview and Facts Worth Knowing

During the 2015–2016 crop year and the 2019–2020 crop year, global soybean oil supply grew at a steady 3 percent CAGR. Output for the current crop year (2019–2020) is expected to decline by 2-3 percent compared to the previous crop year (2018–2019). Still, the overall supply is expected to increase due to the prior year’s …

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soybean

Unseasonably dry weather could boost soybean prices by 40%

Analysts say that recent unseasonably dry weather in South America, and concerns that the lack of moisture will resume, could increase soybean prices by over 40% in the first quarter of 2021. According to the founder and CEO of commodity exchange-traded fund company Teucrium Trading, Sal Gilbertie, South America is a little too dry and uncomfortably dry. …

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soybean

The U.S. soybean prices are expected to soar in 2021

The U.S. soybean prices will soar in 2021, as the export optimism increases on robust China demand. The S&P Global Platts Analytics forecast the average farm price of U.S. soybeans in 2020-21 marketing year (September–August) at $10/bushel, up 17% on the year. Significantly, the U.S. Department of Agriculture’s latest World Agricultural Supply and Demand Estimate report …

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wholesale onion

Wholesale onion prices witnessed declines

According to the latest news, wholesale onion prices decreased by more than ₹10 per kg in key consuming markets including Mumbai, Delhi and Chennai. After the government imposed stock limits on traders to check hoarding and price increase, the arrival of the perishable commodity rose. Moreover, onion prices decreased even in producing areas. For example, …

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