Beverages news

Brazil's coffee shipments raise the odds of a stock rebuild

Coffee futures fell about 3% on the week while Brazil heads for possible record exports, which could start rebuilding ICE certified coffee stocks.

Coffee falls back below $3 after Brazil's farmers sell

A weaker real lifted the value of a Brazilian grower's coffee by up to 13%, selling followed, and futures gave back roughly 6% to close under $3 a pound.

Coffee rallies through its range as graded stocks stay away

No significant grades reached the exchange last week, which the market read as bullish, and momentum carried arabica through the $3 a pound barrier on Friday.

Coffee gives back its rally while Brazil's election moves the real

Coffee futures touched $3.08 a pound before closing the week at $2.906, while a surprise first-round result in Brazil's election sent the real sharply higher.

Coffee breaks above its range while exchange gradings slow

Coffee futures rose 20 cents in two weeks to 292.55 US cents a pound, while the market asks whether enough coffee will be certified for December.

Coffee speculators turn net short for the second time

Investors moved net short on coffee futures as the December contract fell 7.5 cents to 276.4 cents a pound, with Brazil still holding coffee left to sell.

Record Brazilian shipments leave coffee near flat on the week

Brazil shipped a seasonal record of Arabica and Robusta in August, yet December coffee fell only 0.8 cents on the week. Outside markets explain the gap.

Brazil's record-wet September pulls arabica below $3

The December contract lost 18.15 cents to $2.91 a pound. Brazil is on track for one of its wettest September starts on record, with flowering spreading widely.

Brazilian selling pulls coffee back toward $3

December coffee fell 9.8 cents to 311.50 US cents per pound as Brazilian exporters stepped up hedging. Sucafina sees support near $3 per pound.

Coffee rallies again while Arabica stays in surplus

December coffee finished at $3.4165/lb after a 23.75 cent weekly gain. The market agrees Arabica is in surplus, so the rally is about something else.

Brazil's uncommitted crop keeps a lid on coffee's nearby squeeze

Coffee futures rose to $3.179 a pound on tight nearby supply, but Sucafina expects prices to slide as Brazilian farmers still hold a large, unsold Arabica crop.

Egg markets diverge: Europe steadies while the US rally unwinds

Europe's egg market has stopped falling while the US posts its first broad weekly decline of its rally, and egg powder is now pricing off a different cycle.

Brazil's coffee quality disappoints, and ICE-certified stocks stay tight

Sucafina says Brazil's new coffee crop is falling short on cup quality and screen size, leaving little relief for coffee's shrinking ICE-certified stockpile.

Coffee futures rally: exchange stocks fall below a key threshold

ICE-certified coffee stocks dropped below the closely watched 300,000-bag threshold, pushing the September contract up 17.3 cents on the week.

Coffee holds a tense range as ICE margin hikes thin out trading

Coffee futures are stuck in a tense range as ICE margin hikes drain liquidity, pricing out smaller traders and sharpening moves on thin volume.

Coffee pulls back from record rally, settles near $3.30

Coffee futures cooled this week, with the September contract settling near $3.30/lb after a record rally. What happens next hinges on Brazil's harvest.

Coffee posts its biggest one-day gain on record

Arabica futures jumped 72 cents in a week, including the largest single-day gain on record. Sucafina traces the move to fund flows and El Niño risk.

US milk powder keeps falling, heat wave or not

US NFDM fell 5.8% to $1.505/lb, now 34% below its May peak, as record milk-powder output kept prices sliding even as a heat wave finally arrived.

A heatwave lifted EU butter and SMP. Will it hold?

A European heatwave cut milk and cream output, lifting EU spot butter nearly 3% and SMP about 2%. But with stocks near a five-year high, will the rally hold?

Coffee shorts retreat while Colombian differentials top 60 cents

Coffee futures jumped 7.8 cents to $2.67/lb as overextended shorts unwound, while Colombian differentials topped +60 cents on tight, high-quality supply.

Physical scarcity drives basmati's sharpest rally of the season

Basmati rice rallied $8 to $10 per quintal, its sharpest move of the season, as old-paddy scarcity across India's mills outweighed US-Iran and Hormuz news.

Vegetable oils hold steady while Brent slips and Europe overheats

Vegetable oils held firm even as Brent slipped to $73. Palm oil rose on strong Malaysian exports, while a heatwave trimmed the EU rapeseed crop outlook.

Whey protein stays tight while sweet whey looks for a floor

WPC80 and whey protein isolate rose again on persistent tightness and GLP-1 demand, while EU sweet whey steadied, a sign its long slide may be nearing a floor.

Cocoa rallies more than 30%; deficit fears return for next season

Cocoa has rallied more than 30% off its lows as the market turns to next season's West African crop, with New York on track for its best month since late 2024.

Egg markets split as Europe nears a floor and US prices firm

The two big egg markets are pulling apart: Europe is still easing from its spring peak but slowing, while US prices firm as stocks tighten and demand picks up.

Coffee futures climb as short sellers bail out

Coffee futures pushed higher again, with the September ICE contract up 7.8 cents to $2.67 a pound as overextended short positions were forced to liquidate.

Hot weather lifts EU grains while US futures slip

European grains firmed over two weeks as hot, dry weather raised yield worries, while US futures fell under harvest pressure and a sliding crude oil price.

A new-crop tender resets EU sugar price expectations

A multinational bought 2026-27 sugar at €530 DDP, roughly €495-500 ex works bulk, resetting European price assumptions anchored to CXL import parity.

California almonds firm up as May shipments beat expectations

The California almond market is holding firm into the close of the crop year, after a May position report that beat trade expectations on shipments and sales.

North America paperboard tightens while Western Europe stays soft

Paperboard markets diverged through spring, with Western Europe staying weak, North America showing early recovery and Asian demand continuing to grow.

New Sathi crop bends old basmati prices, but the floor holds

New Sathi paddy reaching mandis in western Uttar Pradesh and Uttarakhand reset India's basmati market in early June, forcing old rice to reprice lower.

Ocean rates climb into July, with new tolls and surcharges close behind

Asia to North Europe freight rates have risen for six straight weeks, and procurement teams importing through the region should plan for more of the same.

Brazil sets a poultry export record, but EU access hangs in the balance

Brazil posted its strongest poultry export month on record in May 2026, with chicken revenue topping $1 billion, yet EU market access hangs in the balance.

Pistachio and peanut supplies tighten as hazelnuts stay soft

The nut complex is splitting between tightening tree nuts and a soft hazelnut market, with the 2026 US pistachio crop projected near 800 million lb, down 50%.

Coffee futures slide as speculators build their biggest short since 2023

Coffee futures fell again, the July contract down 13.3 cents to 245.9 US cents/lb, as speculators built their largest short position since 2023, says Sucafina.

Coconut oil eases further on rebuilding Philippine supply

Coconut oil fell again this week, with CIF Rotterdam down about 4% and EXW Manila close to 6%, extending a decline that has run since early May on supply.

Coffee futures slide to a two-year low as Brazil's harvest builds

Coffee futures fell 13.7 cents on the July contract to $2.60 a pound, the lowest since November 2024, as Brazil's harvest builds, according to Sucafina.

Cumin finds its floor while coriander supply tightens

India's spice markets waited on buyers through late May, and cumin produced a rare clear signal: Unjha traders named a floor of $2.09 to $2.11/kg.

Vegetable oils hold firm on crude rebound and biofuel demand

Vegetable oils steadied as Brent's August contract fell to $91 a barrel on May 29 then recovered to around $95 on reports Iran had suspended talks with the US.

Cocoa rally fades as weak demand meets a bigger Ivorian crop

Cocoa opened last week with a strong rally then gave it back over consecutive down days, a pattern Martijn Bron puts down to silly season volatility.

Roasters build strongest seasonal coverage since 2022 as arabica futures hold at $2.70

The July arabica contract finished 8 cents higher at 272.35 US cents per pound, finding firmer support at $2.70 than expected as roasters built coverage.

US milk powder prices slip as production growth cools

US nonfat dry milk fell about $0.20/lb in a week, New Zealand powder dropped $200/mt at the GDT pulse, and European quotes eased from €2,900 to €2,800/mt.

EU cocoa futures post a 10% single-session gain as the Silly Season takes hold

EU cocoa rose 7% on the week to 3,153 GBP/t for front-month July 2026, while the September contract gained 8% and at one point rallied over 10% in a session.

Basmati paddy is gone at Indian trading centres; mills are paying up for what remains

India's basmati paddy has effectively run out at every major northern trading centre, and Punjab mills are now bidding against each other for what is left.

Coffee futures fall to $2.64 as US demand weakens and Brazil's record crop approaches

Coffee futures dropped to $2.64 per pound with the July contract losing 18.1 cents, as US demand weakened and Brazil's record crop drew closer.

El Nino shifts Cocoa Week London from bearish demand to cautious supply concern

Delegates arrived at Cocoa Week London focused on weak confectionery demand and left worried about supply instead. El Niño was the catalyst for the shift.

Coffee fails to break range despite fresh spec buying

The July ICE coffee contract closed the week 3.2 cents lower at 282.3 US cents/lb, even as speculators added 1,645 lots to their net long, a 9.9% increase.

Food and beverage costs face a second wave of commodity pressure

Oil has held above $100 a barrel through May, but the bigger story is funds rotating out of crude positions and into agricultural commodities instead.

Cheese markets soften under weight of peak milk supply

European and North American cheese markets are broadly stable but the tone is bearish, with milk near its seasonal peak leaving cooperatives few options.

Cocoa prices find a higher floor on supply risk concerns

Cocoa has moved higher with the front-month May 2026 ICE Europe contract closing 3.7% up at GBP 2,495/t, as focus shifts from demand destruction to supply.

Coffee futures slip to USD 2.88/lb on improved roaster coverage

Coffee futures fell 8.5 cents to USD 2.878/lb on the July contract, dropping below the USD 2.90 to 3.05 range that held through the Iran conflict.

Indian basmati prices climb on tight supply and Gulf shipping uncertainty

Indian basmati has risen over three weeks, with 1509 Steam up to USD 90-91 per quintal from USD 82-83 and 1718 Sela climbing to USD 94-96 per quintal.

Energy shock threatens to lift EU food inflation to 5 to 10% by 2027

The European food industry faces a renewed inflationary period, as the energy shock from the Iran conflict passes through to consumer prices over two years.

Coffee futures climb to $2.96/lb on ceasefire news

The July coffee contract rose 3.85 cents to close at $2.9635 per pound, rallying on ceasefire news after testing a low of $2.79 earlier in the week.

Australian beef exports hit near-record volumes in March 2026

Australia's beef exports hit 149,973 tonnes in March 2026, up 33% year on year and the second-highest monthly total on record, on broad-based demand.

Coffee prices break below $2.90/lb support on Middle East uncertainty

Coffee futures ended the week at 286 US cents per pound, down 12.35 cents, as a deteriorating risk environment around the Iran conflict weighed on prices.

Butter leads dairy prices lower at start of Q2 flush season

Dairy markets entered a calmer phase at the start of Q2, with the flush season adding pressure to butter, SMP and WMP prices in Europe and New Zealand.

WPC80 shortage drives protein markets into uncharted territory

The whey protein market is splitting: WPC80 faces a structural shortage with no near-term relief, while sweet whey, permeate and lactose soften on exports.

Cocoa grindings extend decline with chocolate demand under sustained pressure

Cocoa grindings look set to stay well below historical levels through 2025/26, with European volumes down 8.3% in Q4 and pressure across the chocolate trade.

Coffee futures pull back sharply after brief rally, with Brazil's harvest on the horizon

Coffee futures fell sharply, the May contract losing 14.45 cents to 292.55 US cents per pound, after a brief run to $3.19/lb met heavy commercial selling.

Vegetable oils rebound on crude surge and biofuel policy shifts

Palm and soybean oil led a broad vegetable oil recovery on firmer Brent and new biofuel policy in the US and Indonesia, while coconut oil moved the other way.

Coffee futures break above $3/lb as tight supply and energy costs provide support

Coffee futures rose 14.15 cents on the week to close at USD 3.07/lb on the May contract, breaking above $3.00 for the first time on tight supply and energy.

Fuel surcharges climb and containers pile up as Strait of Hormuz disruption deepens

The Strait of Hormuz blockade is pressuring ocean and air freight, with emergency fuel surcharges rising and 200,000 containers trapped in the Persian Gulf.

Wheat futures rally, but cash markets tell a different story

Wheat futures have pushed higher, but a growing disconnect with cash markets points to a correction, while barley exports run at multi-year highs.

Coffee futures pull back on record Brazil crop expectations

Coffee futures fell 4.05 cents on the week to 292.85 US cents/lb on the May contract, after touching 297.45, as record Brazil crop expectations weighed.

Why a $100 oil price isn't lifting sugar markets

Crude briefly touched $100 a barrel after the Strait of Hormuz closed, yet sugar has barely responded, with Sugar No. 11 edging up to just 14.45 cents/lb.

US broiler market: weak export start, steady domestic demand

US broiler exports started 2026 slowly at 524 million pounds in January, while domestic dark meat markets have held relatively steady. What is shaping both.

Glucose syrup and dextrose stabilise after 2025 correction, with energy costs the main upside risk

Glucose syrup and dextrose corrected through 2025 on easing corn and wheat costs, Turkish and Brazilian imports and soft demand. Energy is the upside risk.

Lactose market forecast 2026: stability returns after 2025 price spike

Lactose rose sharply through 2025 as US tightness pulled European prices higher. That dynamic has shifted, and the global market is settling into stability.

Sports Nutrition ingredients forecast 2026: whey protein powders, eggs, sugar, nuts, cooa

The sports nutrition supply chain is under its heaviest pressure in years, as whey demand broadens into medical, weight management and food fortification.

Whey permeate forecast 2026: stable conditions expected as WPC80 and WPI production stays elevated

Whey permeate is one of the steadier dairy products heading into 2026, largely insulated from volatility as high WPC80 and WPI output keeps supply flowing.

Coffee approaches $3/lb as geopolitical risks support market

Coffee futures rallied toward $3 per pound, with the May contract up 12.3 cents to $2.969, as geopolitical tension and shipping risk tightened supply.

Tight skimmed milk powder supply supports global prices

Skimmed milk powder stays firmly supported as limited US and Oceania supply meets steady import demand, with the EU Vesper Price Index at €2,600 per tonne.

High EU sugar stocks keep market under pressure

EU sugar stocks have reached their highest level for this point in three years as the beet campaign ends, keeping the market under sustained pressure.

How the Middle East conflict is moving commodity markets

As the Middle East conflict disrupts the Strait of Hormuz, Brent crude tops $105, find out how it's moving prices across commodity markets.

Coffee futures slip below $3/lb as supply improves, Middle East conflict adds volatility

Arabica futures fell to $2.83/lb as certified stock availability improved and roasters held back purchases, with the Middle East conflict adding volatility.

Grain prices rise on Middle East conflict, with wheat, corn and soybeans all moving higher

Grain markets rose over two weeks with the Middle East conflict the main driver, as Brent crude gained $8.50 to $81.40 a barrel and lifted wheat and corn.

Ivory Coast brings forward mid-crop season in bid to clear unsold cocoa stocks

Ivory Coast has reclassified March cocoa as mid-crop rather than main crop, sharply cutting farmgate prices in a bid to move unsold stocks into the market.

Thailand's sugar output set to fall as disease and labour shortages reshape next season

Thailand faces a meaningful cane contraction in 2026/27, as white leaf disease, reduced migrant labour and a shift to other crops reshape the coming season.

European sugar producers feel the squeeze as market prices stay low

Tereos and Südzucker have both reported major financial setbacks, with Tereos posting a €598 million operating loss for the first nine months of 2025/26.

Coffee prices ease as market weighs tariff ruling against supply dynamics

Coffee on the May contract fell 3.6 cents over two weeks to 285 US cents per pound, as a US tariff ruling and supply signals pulled in opposite directions.

Dairy markets firm on scarce offers and strong export demand

A shortage of offers is lifting butter and SMP prices across Europe, the US and Oceania, as sellers export aggressively or hold back rather than quote.

WPC80 market tightens further as Q2 volumes near sold out across Europe and the US

WPC80 is tightening fast with Q2 volumes close to sold out across Europe and the US, and buyers now focused on securing volume rather than on price.

WPC80 shortage intensifies with producers in control of pricing and allocation

Global whey protein concentrate 80 market reaches critical tightness with structural shortage affecting all whey products. Producers control pricing as domestic

EU sugar production projected to fall 10% as consumption uncertainty clouds market outlook

EU sugar production is projected to fall to 15.4 million tonnes in 2026/27 from 17.05 million, on 7% lower plantings and less favourable growing conditions.

Soybean prices jump on China trade talks and U.S. crush demand

CBOT soybeans surged to 1,115 cents a bushel from 1,068 on US-China trade progress, new 45Z biofuel rules and strong December domestic crush demand.

Polish chicken prices fall as Avian Influenza outbreak triggers 2.79 million bird cull

Poland reported 22 new avian influenza outbreaks and culled 2.79 million birds, sending Polish chicken breast prices down 3.7% while French prices rose.

Coffee futures drop 50 cents as roaster demand and exchange inventory shift

Coffee March contract dropped 50.1 cents to 317.1 cents per pound as roaster fixations concluded and exchange inventory began rebuilding.

U.S. milk production rises 4.4% despite prices below cost of production

US producers pushed milk output to record levels in December 2025, even with Class III futures at $14.58 per cwt and Class IV below the cost of production.

Cocoa futures decline 30% in one month as speculators exit and grind data disappoints

Cocoa futures fell 30% in a month as Q4 grind data showed an 8.25% European decline and Ivory Coast faced trader defaults on sharply lower prices.

Coffee futures rise toward 365-370 cents per pound as roasters accelerate March fixations

Coffee futures rose 0.95 cents to 356.25 cents as roasters accelerated March fixations before first notice day, with technical buying expected to push higher.

US beef cattle on feed placements decline 5.4% in December as margin pressure weighs

December cattle on feed placements fell 5.4% to 1.55 million head, as feedyards under margin pressure cut back on sourcing replacement stock.

Cocoa prices hit 2-year low as farmgate pricing crisis leaves African beans stranded at ports

London cocoa fell over 12% to 3,347 GBP/t, a two-year low, as fixed farmgate prices in Ivory Coast and Ghana created a West African supply bottleneck.

Coffee futures fall to 346.5 US cents per pound amid Central American harvest pressure

Coffee futures fell 13.75 cents to 346.5 US cents per pound on the March contract, as Central American origins including Honduras reach peak harvest.

European cheese prices hold steady as butter markets collapse, shifting dairy valorization dynamics

Cheese holds firm around €3,000/mt despite peak seasonal production, while collapsing butter prices shift dairy valorisation calculations toward protein.

Brazilian sugar mills drop allocation to 35.5% in seventh consecutive fortnight decline

Brazilian sugar allocation fell for a seventh consecutive fortnight to 35.5%, down from 44.6% a year earlier, raising questions about the 2026/27 season.

Shipping costs climb as pre-Chinese New Year demand hits Asia-Europe routes

Asia-Europe spot rates have climbed for a third consecutive week as the pre-Chinese New Year rush tightens capacity and carriers implement fresh surcharges.

WPC80 and WPI prices hit record highs on GLP-1 medication demand

WPC80 prices hit €13,000/mt and WPI reaches €21,500/mt as GLP-1 medication demand creates shortages in global whey protein markets.

Coffee futures hold range despite record December delivery amid tariff relief

Coffee traded a 370-390 range as a record December delivery inversion worth a $21 million premium offset US tariff relief on Brazilian coffee imports.

Coffee futures fall 16.55 cents amid partial US tariff relief

Coffee futures fell 16.55 cents to $376.6 US cents/lb after the White House announced tariff exemptions that excluded both Brazil and India from relief.

US whey protein shortage is pushing prices to record levels

A critical shortage of US WPC80 and WPI is forcing global buyers into European markets, as GLP-1 medication demand drives whey protein consumption higher.

Shipping rates from Asia to Europe climb 3-4% on major routes

Shipping rates from Asia to Europe increased 3-4% on major routes as carriers manage capacity and 2026 contract negotiations begin.

Chocolate demand pressures mount with Singles Day spending decline

Cocoa fell more than 9% this week to around 4,202 GBP/t, as Singles Day spending dropped 20% and Barry Callebaut reported a 5.3% fall in chocolate volumes.

Coffee futures hold near $4 amid Supreme Court tariff uncertainty

Coffee futures ended the week at 393.15 US cents per pound, within reach of $4, as the Supreme Court weighs the legality of tariffs imposed under IEEPA.

Rapeseed oil prices hold firm on tight supply and biodiesel policy expectations

December crude rapeseed oil FOB Dutch Mill reached EUR 1,085/mt, up from EUR 1,075/mt, with the market in backwardation on tight European Union supply.

Record yields drive European sugar producers to cut 2026 output

Major European sugar producers announce significant production cuts for 2026 as record yields and elevated stocks create supply pressures.

Western Europe paperboard demand drops in sharp contrast to other regions

Western Europe's paperboard demand fell sharply in August 2025 while other regions held stable or grew, according to EMGE's latest regional figures.

Vietnam cashew processors cut operations as raw material costs climb

Vietnamese cashew processors are limiting output or closing for the season as raw nut prices climb, tightening the market ahead of new crop arrivals.

Coffee futures rise to $387.7 as index roll period supports market

Coffee futures climbed to $387.7 cents per pound as strong roaster demand and the approaching index roll period prevented the correction the market expected.

EU proposes six-month grace period for cocoa deforestation law

The EU will propose six months of leeway on its deforestation law rather than the longer delay announced in September, with simpler smallholder requirements.

Chocolate makers adjust recipes as cocoa costs remain elevated

High cocoa prices are driving recipe changes across the industry, with rice, oats and sunflower seeds replacing cocoa and some bars losing the chocolate label.

European sugar producers face break-even crisis with prices at €450

European sugar has fallen to €450 ex-factory beet belt on a bulk basis, pushing producers toward break-even after sharp declines in New York 11 futures.

Arabica prices seen falling to $3.50 per pound on political and supply shifts

Coffee futures are heading for a correction toward $3.50 per pound from 391.55 cents, as Trump signals tariff relief and Brazil's crop outlook improves.

Chocolate demand proves more price-sensitive than expected as Mondelez reports consumer pushback

Mondelez puts European chocolate demand elasticity at 0.7-0.8, well above the 0.4-0.5 the industry expected, as cumulative 30% price rises test consumers.

Germany considers ending UCOME double-counting by January 2026

Germany plans to end double-counting for advanced biofuels including UCOME from January 2026 under RED III, potentially reshaping European biodiesel.

Coffee prices climb on tight supply concerns despite favorable Brazilian weather

Coffee futures gained 13.9 cents to 413.55 US cents per pound as certified stocks decline and US-Colombia trade tension threatens supply, defying forecasts.

European WPC80 market empties for Q4 following large volume purchases

The European WPC80 market has turned significantly tight within weeks, with Western European producers quoting above €12,500/mt after large Q4 purchases.

Rotterdam and Antwerp port congestion delays container shipments through October 2025

Strikes and protests caused severe congestion at Rotterdam and Antwerp ports in October 2025. Container vessels face delays until month-end..

Coffee futures decline 17.7 cents to 373.60 cents per pound

Coffee prices dropped to 373.60 cents/lb last week. Brazilian rainfall supports 26/27 crop development with expectations of 5+ million bags..

Dry European weather and China frost risk test global grain outlook

European grain regions face a predominantly dry spell on the ECMWF forecast, while China's central corn and soybean belt braces for potential frost damage.

Whey protein supply runs low as Q4 volumes sell out

Whey proteins are bucking broad dairy weakness as Q4 volumes grow scarce, with WPC80 holding above €12,000/mt and WPI tightening further still.

Cartonboard markets show regional divergence as capacity shifts reshape supply dynamics

Western Europe and Asia face contrasting cartonboard market dynamics as new capacity and mill closures reshape regional supply.

Broiler market shows stark divide as breast prices plunge while thigh meat holds ground

US broiler market shows unusual split with breast meat down $0.30+ from averages while thigh prices hold near 5-year norms.

Coffee futures rise as certified stock decertification accelerates

Coffee futures rose 12.7 cents to 390.75 US cents per pound on the December contract, driven by rapid ICE stock decertification and Brazilian weather worries.

European sugar prices fall below import parity amid 2025 harvest season

European white sugar for 2026 delivery has dropped below import parity for the first time in a year, opening a rare window for manufacturers to cover.

How the EUDR delay is influencing cocoa prices and market structure

Discover how the EUDR delay, market structure shifts, and hedge fund shorts are influencing cocoa prices and procurement strategies.

US dairy markets rebound as butter and cheese prices rise on CME

US butter and cheese bounced back strongly on the CME call, despite mixed cold storage data and continuing questions about long-term market direction.

Coffee prices increase on inventory drawdown after technical selloff

Coffee rallied after ICE certified stocks fell 11.5% in five days, with the December contract jumping 11.55 cents to $3.7805 and reversing a technical selloff.

European whey protein concentrate hits price ceiling as production declines persist

European WPC80 has stabilised around €12,150/mt while US markets keep climbing, with production down more than 10% across regions on processor cutbacks.

EU deforestation rules create compliance challenges for cocoa exporters

The EU deforestation regulation poses major compliance challenges for cocoa exporters and their tracking systems, though a second delay may bring relief.

Cheese markets under pressure as European and US spot prices decline

EU and US cheese markets face pressure as buyers delay purchases and spot prices decline across Cheddar, Gouda, Mozzarella varieties.

Coffee prices break trading range as Brazil weather and supply tightness drive market higher

Coffee prices rose 23.2 cents/lb to $396.85 per pound as ICE certified stocks fell 23,000 bags and Brazil's rainy season finally returns.

Palm oil prices rise on stronger crude oil and rival vegetable oils

Palm oil prices increased to MYR 4,383/mt driven by stronger Brent crude and rival oils, though gains remain limited amid complex vegetable oil dynamics.

US dairy markets fall through support levels as milk oversupply weighs on prices

CME butter fell through the $2/lb support level in a bearish week, as milk production up 3.45% year on year keeps expanding the pool and crushing prices.

Cocoa price discovery breaks down as structural problems persist

Cocoa markets struggle with broken price signals as Ghana's debt crisis deepens and Brazilian farmers face oligopolistic pricing pressure from processors.

Global dairy markets tumble as demand weakness triggers widespread price declines

Dairy markets face sharp declines as demand weakness triggers widespread selling. Butter approaches critical $2/lb level while milk powder prices fall over 5% a

Brazil lifts sugar production to five-year high while Europe faces oversupply

Brazil’s Center–South mills pushed sugar output to the highest early-August level in five years, with 55% of cane directed to sugar.

Trump tariffs begin in India, with rice, dairy, and tea amongst products impacted

US tariffs of 50% on most imports from India kick in today, affecting key commodities like basmati rice, spices, pulses, tea and dairy.

Coffee futures hit $3.78 as roaster panic drives eight-day rally

Coffee futures rose 44.10 cents to $3.78/lb on the December contract, an eighth straight day of gains, as roaster buying increased by 17% on the week.

Ivory Coast cuts cocoa export forecast as severe drought threatens global supply

Ivory Coast has cut main crop export contracts by 100,000 tonnes to 1.2 million as severe drought and disease threaten the top producing nation's crop.

Container shipping rates drop 6% in single week as peak season ends

Container spot rates fell 6% in a week as peak season ends, with Shanghai-Rotterdam showing the steepest decline of any major lane on Drewry's index.

European cheese markets show widening price spreads

European cheese shows €500/mt spreads between buyer bids and seller offers in late August, leaving Cheddar, Gouda and Mozzarella markets under pressure.

Starch procurement faces uncertainty as Trump tariffs reshape supply chains

Trump's 10% tariffs on major starch exporters create procurement challenges as food demand stays strong but industrial applications weaken.

Cattle feeding margins hit potential cycle peak amid record corn yields and increased replacement costs

Cattle feeders hit $600+ per head returns from record corn yields and strong fed cattle prices, but surging feeder cattle costs to $344/cwt.

CIF Rotterdam coconut oil follows origin decline with $250/mt fall

CIF Rotterdam coconut oil drops to $2,650/mt after holding steady, as Philippines origin pressure forces European importers to reduce prices.

Cocoa: weak demand is priced in, supply problems not

Weak cocoa demand is fully priced in but supply disruption is not, an asymmetry that lets futures jump 10% in a session on West African weather reports.

Coconut oil prices collapse 34% in one week as supply dynamics shift

Coconut oil prices plummet from $2,600/mt to $1,837/mt at origin while CIF Rotterdam remains elevated, a $1,000+ arbitrage gap.

Coffee futures rally 32 cents in one week amid Brazilian import tariffs

Coffee futures surge to 314.05 cents/lb as 50% US tariffs on Brazilian imports force roasters to restructure supply chains.

European egg powder producers maintain firm pricing stance ahead of seasonal demand increase

EU egg powder producers resist price negotiations and tighten spot market availability as they prepare for seasonal autumn demand increase.

Sugar prices drop to 16 cents as Brazil's Center-South production picks up pace

Sugar prices decline to near 16 cents/lb driven by Brazil's Center-South production increase and potential Indian export expansion.

China UCO exports rise as US policy limits biodiesel feedstock imports

Chinese UCO exports jumped to 262,000 mt in June while US imports plummeted to 93,524 mt following new biofuel credit policies.

European cheese prices face summer pressure as trading activity slows

European cheese prices face summer pressure with cheddar at €4,430/mt, gouda at €4,050/mt, and mozzarella at €4,000/mt as trading activity slows.

CBOT soybean prices reach new lows amid China demand concerns

CBOT soybean prices hit new lows at 969 cents per bushel as China plans 10 million tonne import cuts, with weather volatility expected through August.

Trump’s tariff deadline has passed: How it’s affecting agricultural commodity trade, country by country

Trump’s August 1 tariff deadline has passed. Explore how agricultural exports are affected, with a country-by-country breakdown.

US butter stocks drop despite rising milk supply as demand outpaces expectations

US butter stocks declined in June despite a significant increase in milk production and milk fat levels, highlighting strong consumption.

European butter market under pressure amid summer slowdown

European butter prices edge below €7,000/mt as summer trade stays subdued, with sellers holding out rather than cutting further in hope of an August pickup.

Increased inventories in the palm oil market due to slower exports and strong production in Malaysia

Malaysian palm oil inventories rise as production increases 5.52% while exports decline 9.23%. CPO prices drop to $983/mt.

Cocoa prices rise as supply concerns outweigh demand destruction

Cocoa prices rise despite weak demand as West African production concerns outweigh processing declines | Market Analysis.

Core reason U.S. beef production won’t rebound until 2027

Learn why U.S. beef production won't rebound until 2027, what's driving the delay, and how procurement teams should strategically prepare.

Port congestion hits European hubs while new US trade deals impact supply chains

Rotterdam, Antwerp, and Hamburg experience container delays, while Trump's 15% EU tariff deal reshapes global commodity flows.

Tracking Trump’s US agri-commodity trade tariffs

US President Donald Trump is set to implement taxes as high as 50% on agricultural imports unless deals can be negotiated before August 1.

Why are U.S. butter prices declining while Europe and New Zealand’s remain high?

US butter prices have fallen sharply on oversupply while Europe and New Zealand hold at elevated levels, showing how far regional supply balances diverge.

Arabica coffee futures climb 17 cents as tariff concerns and weather risks support prices

Arabica coffee futures climb to 301.35 cents/lb as Brazilian tariff deadline approaches and weather models show potential frost risks.

Global cheese prices slip as summer demand weakens across Europe and US markets

Global cheese markets soften as European summer holidays reduce demand while production remains steady - cheddar, gouda, mozzarella, emmental

What a 50% US tariff could mean for Brazilian orange juice, coffee, and beef trade

US President Donald Trump’s threat to impose a 50% tax on all Brazilian exports could significantly affect global supply and pricing.

US-EU trade tensions: impact on dairy, olive oil, and baked goods

US President Donald Trump's proposed 30% tariffs on European goods and the EU's countermeasures could significantly impact global food commodity trading.

Whey protein markets signal forward strength as Q4 anticipation builds

Whey protein markets shift focus to Q4 positioning as trade policy concerns grow. Analysis of WPC80, WPI trends, and forward buying strategies.

Cocoa markets face double pressure from weather relief and tariff uncertainty

Cocoa futures fell 9.6% in London and 9.2% in New York as West African weather improved, while US trade tariff uncertainty kept the market volatile.

European sugar market faces perfect storm of heat, drought, and trade pressures

Heatwaves stress European sugar beet crops as water levels hit record lows. Expert analysis on weather risks, trade policy impacts, and market outlook.

Second half of 2025 opens with dairy market weakness as seasonal pressures mount

H2 2025 dairy market analysis shows widespread weakness despite mixed fundamentals. GDT auction results, butter-cream disconnect, and seasonal pressures.

Coffee futures hit annual low as Brazil frost concerns fade

Coffee futures drop to 303.75 cents/lb as Brazil frost concerns dissipate. Expert analysis reveals market dynamics and trading opportunities ahead.

European cheese markets show mixed signals as Q2 ends

European cheese markets face inventory pressure as Q2 winds down. Mozzarella prices fall to €4,150/mt, cheddar drops 20%, while Emmental holds steady.

Oils sector calm for now: 3 key takeaways from Israel-Iran conflict so far

Oil prices climbed Wednesday after Trump announced China can continue buying Iranian oil. Analysis of Middle East tensions, vegetable oils volatility, biofuel m

Biodiesel prices strengthen on geopolitical tensions and EPA mandate boost

Week 25: biodiesel markets strengthen as the Iran conflict lifts the energy complex and the EPA proposes 5.61 billion gallon biofuel blending targets.

Global starch market outlook: June 2025 trade analysis shows price stability amid supply chain disruptions

Latest starch market intelligence reveals price stability across corn, potato, tapioca & wheat sectors despite trade disruptions.

European cheese markets enter summer calm after Q3 trading activity

European cheese markets enter summer calm as Q3 trading activity slows. Cheddar, emmental, gouda, and mozzarella prices stabilize amid buyer-seller standoff.

Biodiesel markets caught in regulatory whirlwind as policy uncertainty deepens

Washington's tariff reversals create biodiesel market paralysis. Congressional incentives pending while feedstock flows shift.

Whey markets struggle to find middle ground as trade tensions intensify

Whey ingredient prices hit extremes as trade tensions disrupt markets. WPC80 up 255% in 2 years while lactose, WPI show volatile swings.

China's massive Sugar purchases signal market shift as Asian production outlook strengthens

Chinese buyers took an estimated 2.5 million tonnes of raw sugar in May, exhausting the import quota, while Thailand's production outlook strengthens.

European cheese markets show signs of tightening as Q3 demand accelerates

European cheese prices stabilise as buyers return for June and Q3 volumes, with Mozzarella at €4,130/mt and production constraints looming into the autumn.

Sugar prices under pressure as global surplus expectations dominate market sentiment

Global sugar surplus drives prices lower despite European beet acreage cuts and drought stress. Raw sugar hits 17.2 cents/lb.

Dairy market weekly: Stalemate continues as butter and powder markets seek direction

Weekly VPI: European butter holds at €7,200/mt on rising cream prices while SMP retreats to €2,380/mt, with buyers cautious about second-half trends.

US-China tariff relief reshapes global whey and lactose markets

Latest Vesper Price Index shows European WPC80 at €12,000/mt while US prices hover at €9,249/mt amid temporary China tariff reductions.

European cheese market update: Buyers find no bargains as demand surges

European cheese consumption surges 16.91% YOY, driving unexpected price increases despite peak production. Get the latest on cheddar, gouda, emmental and mozzar

Oceanian prices exceed expectations on the GDT

Latest Vesper market report reveals Oceania WMP jumped $365/mt at GDT while European butter falls to €7,100/mt amid peak milk production. Discover critical EU-U

US-China tariffs disrupt global dairy market: whey markets see 38% price gap

Latest dairy market intelligence reveals significant price divergence as US-China tariffs disrupt global whey supply chains. See how production growth across US

US dairy markets hold steady amid global economic turbulence, tariff negotiations critical for export outlook

Discover how US dairy markets remain stable amid economic turbulence, with February production trends and 90-day tariff negotiations reshaping export dynamics.

Global dairy market shifts as US-China tariffs reshape whey trade flows

China's 104% tariffs on US whey products are reshaping global dairy trade flows, pushing Chinese buyers toward European suppliers instead.

US Cocoa tariffs shake global markets: supply squeeze meets trade tensions

New US tariffs of up to 21% on cocoa imports collide with a 40% drop in Ivory Coast production, sending futures tumbling from $9,492 to $7,800.

RK Singhal says CPO should decrease by $50/mt to attract Indian demand

Palm oil trading volumes stay subdued as prices remain uncompetitive, with Malaysian exports down 7.5% in early March. Vesper forecasts CPO at $1,000/mt.

European cheese markets show more activity amid seasonal milk flush

European cheese markets shift as mozzarella production rises and milk intake increases. Get the latest insights from Vesper.

Indonesian Bio Blenders Likely to Opt for Penalties Over Blending, RKS Assumes

Vesper's machine-learning model predicts a steady decline in the BMD benchmark through 2025, with the analytical team and market sentiment both in agreement.

Biodiesel Market Update: Key Trends Driving Price Dynamics

Biodiesel prices have dropped sharply on softer demand and a steep decline in used cooking oil values. The key trends now shaping pricing across regions.

European Sugar Market Update: Is This the Optimal Buying Window for European Buyers?

The JRC MARS bulletin revised the EU27 sugar beet yield forecast up to 75.4 tonnes per hectare, above September's 74.7 and the five-year average of 73.2.

Sucrose Levels Are Falling Below the 5-Year Average in Parts of Europe Due to Unfavorable Weather Patterns

Heavy rainfall and humidity in Germany and France are causing sucrose levels in sugar beets to fall below the 5-year average.

Canadian Canola Shipments Rise Amid Chinese Buyers' Uncertainty Over Antidumping Investigation

Canadian canola shipments surge amid Chinese antidumping concerns, as MATIF rapeseed prices rise and ICE Canola holds steady. Explore the market impact.

Palm Oil and Palm Olein Prices in India Have Reached Their Peak – According to RKS Insights

India's import duties on edible oils aim to boost domestic production, with a 20% customs duty on crude oils like palm, and soybean.

Upward Pressure for Global Lactose Prices

Global lactose prices rise due to tightening supply and strong demand, with the EU and US Vesper Price Indices reflecting increased costs.

Olive Oil Price Forecasts: Market Shifts as Stocks Deplete in Italy and Spain

Italian olive oil stocks are running low, prompting increased imports from Spain to meet demand. Discover the impact on olive oil prices.

How will India’s and Brazil’s Sugar Production Projections Impact Global Prices?

Learn how India’s and Brazil’s sugar production forecasts may impact global prices, and explore Vesper’s price forecast predictions.

Early signs of trouble ahead in the global sugar market

The sugar market sees a price rise due to concerns over CS Brazil's 24/25 sugar output potentially falling short from early drought.

Soybean market update: fluctuating weather conditions and robust supply impact prices

Soybean Oil prices fall on CBOT and the Vesper Argentina Forward Price Index due to fluctuating U.S. weather conditions and strong LATAM supply.

Butter Market Update: Tight Supply and Steady Demand Keep Prices High

The EU Vesper Price Index for butter stands at €6,600/mt EXW as of June 19, 2024, with Oceania at €6,797 and the US at €6,466. The drivers behind the levels.

Valorisation of butter and SMP catches up with cheese in European market

Butter and SMP valorisation has caught up with cheese in Europe, as tight supplies, lower production and firm demand lift prices in the EU, US and New Zealand.

Increase in West-EU Biodiesel Prices Following New Legislations and Import Duties

Explore the significant increase in West-EU biodiesel prices driven by new German legislation and anticipated import duties.

Germany allows HVO100 and B10 sales at gas stations, driving ARA biodiesels up

RME, UCOME, FAME 0, and HVO (UCO) prices have all soared in West-EU markets in response to Germany's B10 and HVO100 pump sales policy change.

Rising EU Biodiesel Prices: Insights from the Latest Report

Explore the surge in Vesper West-EU Price Index for RME, UCOME, and FAME 0, and understand the drivers behind this increase.

European cheese market: Sentiment changes quickly, but fundamentals do not

Discover European cheese market trends: Despite a clear outlook, positive GDT events and dairy fat price fluctuations bring uncertainty.

Dairy market update: GDT and Vesper Price Index confirm steady prices amid seasonal adjustments

Dairy market update: monitor market trends for dairy products like Butter, SMP, WPC80, WPI, and more with our latest Vesper Highlights.

Global sugar market update: a bittersweet forecast for Q1'24

Get the latest on Q1'24 global sugar forecasts with Vesper. Learn what makes the outlook bittersweet for better investment choices.

Limited trading activity characterises the UCOME market amidst rising prices

Explore the UCOME market's nuanced landscape with rising prices and limited trading activity. Uncover the impact of low liquidity and increased UCO prices on UC

Cheese Market: Prices crumble as demand weakens

Discover the current state of the cheese market as prices decline and demand weakens. Cheese manufacturers are grappling with busy schedules and seeking outlets

Vegetable oils turn bullish on lower-than-expected US Soybean acreage and stocks

Discover the intriguing turn of events in the vegetable oil market as USDA's report reveals lower-than-expected US soybean acreage and stocks. Explore the impac

Understand future Brazilian sugar production levels with Vesper’s new Sugar/Ethanol parity widget

Get ahead with Vesper's new Sugar/Ethanol parity widget. Forecast future Brazilian sugar production levels for smarter trading.

Highlights on the Oils & Fats market: Droughts and floods ruling the market

China has set a GDP growth target of around 5%, less ambitious than analysts expected, while droughts and floods continue to rule the oils and fats market.

Highlights on the Oils & Fats market: slowing down a sluggish market

Argentina and Brazil are weighing a common South American currency and have begun preparatory work, closing out an eventful first month of 2023.

What is the current sentiment of the dairy market? The answer differs depending on who we ask

Tight milk supply is behind us. Several EU countries and the US have more milk, fat and protein than projected over the summer, leaving liquids in oversupply.

Certified sustainable palm oil (CSPO) production increases by almost 6% from last year

Certified sustainable palm oil production rose almost 6% last year, according to the RSPO's latest Annual Communication of Progress report on the sector.

EU rejects attempt to further limit crop-based biofuels

EU Parliament maintains 7% cap on crop-based biofuels, rejecting further restrictions to support sustainable decarbonisation in transport.

Cheese Highlights

Discover fresh cheese market updates, price trends, and forecasts to make smarter buying decisions and manage volatility.

Butter | WMP | SMP Highlights

Dairy markets remain slow on a lack of demand across most products, and with steady Q2 output through the milk peak some sellers have had to settle lower.

Butter | WMP | SMP Highlights

With Q3 approaching, dairy commodity markets are picking up. Better milk intake has lifted production of some products, and the extra supply is being felt.