Grains & Feed news

Coriander leads a spice rally on thin arrivals and Hormuz optimism

Coriander rose about 9% on thin Baran arrivals, leading a broad Indian spice rally as US-Iran talks lifted hopes the Strait of Hormuz would reopen to trade.

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.

White sugar rallies on weather risk while physical prices sit still

White sugar futures rallied to $475/mt on El Niño and heatwave risk to crops in India and the EU, even as physical prices stayed calm on comfortable supply.

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

cocoa has rallied more than 30% since Vesper's last report, recovering off its lows as the market turns its focus to next season's West African crop. New...

US butter: record output, leanest May stocks in four years

US butter makers are running flat out, yet the cold store keeps emptying. Stocks ended May at 335.6m lbs, the lowest May reading since 2022 and down 8% on...

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

The world's two big egg markets are pulling apart. In Europe, prices are still easing from their spring peak, but the decline is slowing and a floor may be...

Summer lull pulls cheese prices further from their spring peak

European cheese prices have drifted further from their spring peak as the summer slowdown sets in. With most buyers having covered their Q3 needs, sellers...

Cocoa jumps 11% as the market turns to El Niño supply risk

Cocoa prices snapped higher last week, with ICE London front-month July futures up 11% to £3,488 a tonne and ICE New York up 11% to $4,545 a tonne. After...

Coffee futures climb as short sellers bail out

Coffee futures pushed higher again last week, with the most active September contract on ICE rising 7.8 cents to settle at $2.67 a pound. The move came...

Hot weather lifts EU grains while US futures slip

Europe's grain markets firmed over the past two weeks as hot, dry weather raised worries about yields, even as US futures fell under harvest pressure and a...

Palm oil holds firm while Brent slides on US-Iran thaw

Palm oil prices climbed last week even as crude oil kept falling, a sign the market is now taking its lead from biofuel policy and weather risk rather than...

A new-crop tender resets EU sugar price expectations

A single tender has shaken assumptions across the European sugar market. A multinational bought 2026-27 sugar at €530 DDP delivered to its EU factories, a...

California almonds firm up as May shipments beat expectations

The California almond market is holding firm heading into the close of the crop year, after a May position report that came in stronger than the trade...

North America paperboard tightens while Western Europe stays soft

Regional paperboard markets moved in different directions through the spring, according to the latest monthly data from EMGE. There was no single global...

Cocoa futures rebound on macro mood, not fundamentals

Cocoa had been one of the quieter commodity markets of late spring. Futures barely moved over the prior fortnight, shrugging off both bearish news in the...

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

The arrival of new Sathi paddy reset India's basmati rice market in early June. May had ended with exporters finding confidence and mills refusing to offer...

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

Freight costs are moving in one direction this month, and procurement teams importing through North Europe should plan for more of it. According to...

Thin arrivals support Indian spices, but demand won't chase

India's spice complex spent the first half of June stuck in the same standoff. Arrivals kept thinning across most of the major mandis, yet buyers refused to ...

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

Brazil delivered its strongest poultry export month on record in May 2026, yet the milestone is shadowed by a real risk to its European market access....

Egg prices fall on both sides of the Atlantic, for opposite reasons

Egg prices are falling in both Europe and the US, but the forces behind the move could hardly be more different. In Europe, the market has split in two....

Pistachio and peanut supplies tighten as hazelnuts stay soft

The global nut complex is splitting between tightening tree-nut supply and a still-soft hazelnut market, according to ofi's latest monthly update....

Coffee futures slide as speculators build their biggest short since 2023

Coffee futures fell again last week, with the most active July contract down 13.3 cents to 245.9 US cents/lb, according to coffee analysis from Sucafina....

European cheese softens as buyers wait out the summer

European cheese markets have continued to soften in recent weeks. With Q3 coverage mostly behind them, almost all buyers have stepped back to the sidelines, ...

Grains slip across the board on better US weather

Grain prices fell over the past two weeks as improving weather in the US and EU, weaker soybeans, and softer Brent crude pulled the complex lower. Grains...

Ivory Coast arrivals outpace last season, pressuring cocoa

Cocoa prices fell over the past week as supportive West African weather and a jump in Ivory Coast arrivals shifted attention to near-term abundance. ICE EU...

Chicken prices fell across the board last month, but the autumn outlook points higher

Brazilian chicken breast fillet led a broad decline in poultry prices over the past month, dropping 16% to around €2,890 per tonne. It was the steepest move ...

Coconut oil eases further on rebuilding Philippine supply

Coconut oil prices fell again this week, extending a decline that has run since early May. The CIF Rotterdam benchmark slipped around 4% week-on-week, while ...

European sugar: buyers and sellers dig in on new-crop prices

The market for 2026/27 European sugar has settled into a standoff. Buyers are holding around the €530 mark depending on volume, while sellers are trying to...

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

Coffee futures fell 13.7 cents this week on the most active July contract to $2.60 a pound, the lowest level since November 2024, according to Sucafina. The ...

Whey protein pauses for breath, but the market stays tight

With Q3 purchasing largely wrapped up, the sharp price increases of recent weeks across the whey protein concentrate complex are losing some momentum. More...

Brazil's bumper crush and softer oil weigh on sugar prices

A strong result from Brazil and weaker oil prices have offset El Niño risk to keep sugar under pressure. Oil fell about 4% over the past month as ceasefire...

Thai rice up 25%, wheat swings 40 EUR in a month: grains reprice across the board

Thai rice prices rose between 16 and 25 percent in May, with parboiled rice A1 leading the move from 220.73 to 275.61 USD/mt. But the month was not only a...

Cumin finds its floor while coriander supply tightens

India's spice markets spent the second half of May waiting on buyers rather than supply, and this fortnight produced a rare clear signal in cumin: a named...

Cocoa rally fades as weak demand meets a bigger Ivorian crop

Cocoa opened last week with a strong rally and then gave it back over consecutive down days, a pattern Martijn Bron attributes to the volatility of the...

Ocean freight tightens as June peak-season surcharges hit every carrier

Container shipping is under more pressure than at any point since the Red Sea crisis, and the squeeze is coming from several directions at once, according...

Thai cane pivots to tapioca as China's sugar surplus builds

East Asia's sugar markets are heading into the new season with weather and policy pulling in different directions. In Thailand, the three-month outlook...

US peanut acres set to shrink, lifting the price floor

The peanut market has moved back into cost-of-production territory after a long stretch of oversupply, according to Alimenta Agri LLC. Prices are firm...

Brazil loses EU poultry access from September; the authorisation body meets too late to fix it

The European Commission has confirmed that Brazil will not be permitted to export poultry meat and animal products to the EU from 3 September 2026. The...

EU egg prices correct from highs; heatwave hits at the worst possible moment

European egg prices are falling across all categories this fortnight, driven by rising imports from Eastern Europe and Turkey, approaching seasonal demand...

Record May temperatures lift European grain futures as US crop weather eases CBOT

European and US grain markets moved in opposite directions this week. Euronext milling wheat climbed to EUR 214/mt from EUR 213/mt at the previous report,...

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

The most active July arabica contract finished the week 8 cents higher at 272.35 US cents per pound, finding firmer-than-expected support at the $2.70 level ...

US milk powder prices slip as production growth cools

US nonfat dry milk prices fell about $0.20/lb, or roughly $500/mt, in the space of a week, and global skim milk powder markets moved with them. New Zealand...

US NFDM falls $0.20/lb in a week as global milk powder markets follow

US NFDM prices dropped around $0.20/lb ($500/mt) in the space of a week, and the move travelled. At the most recent GDT pulse event, NZ SMP fell $200/mt...

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

EU cocoa futures rose 7% over the past week, closing at 3,153 GBP/t for the front-month July 2026 contract, while the most active September contract gained...

European cheese markets ease into summer lull as Q3 demand completes

European cheese prices edged higher over the past few weeks on seasonal temperature gains and Q3 forward buying, before stalling last week as the bulk of...

Indonesia's export overhaul casts shadow over palm oil as Iran peace talks weigh on energy prices

The Indonesian government announced a new export centralization policy for key commodities, including palm oil, effective June 1st, a measure aimed at...

US cattle placements post largest year-on-year gain in nearly two years

April placements of cattle on feed reached 1.70 million head, up 5.5% from a year earlier, the largest year-on-year increase since July 2024, according to...

Südzucker's sugar division posts €177 million loss as S&P turns negative

Südzucker confirmed that its sugar division recorded an operating loss of €177 million in 2025/26, compared to a €13 million loss the year before, as...

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

India's basmati paddy supply has effectively run out at every major northern trading centre. Arrivals at Haryana, Punjab, Uttar Pradesh, Rajasthan, and...

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

Coffee futures dropped to $2.64 per pound this week, with the most active July contract losing 18.1 cents. The market trended steadily lower through the...

European butter builds up while US milk powder holds the global floor

The global dairy market is running two distinct stories. In milk protein, tightness remains the headline, particularly in the US where NFDM is trading at...

Germany's RED III adoption and higher energy prices lift European biodiesel sharply

European biodiesel markets moved substantially higher in May. FAME 0 rose from $1,382 to $1,500 per tonne compared to the same period last month. UCOME...

Grains slip on US-China summit disappointment despite tight wheat supply underneath

The US-China summit delivered less than the grains market was hoping for. No new commitments to purchase US soybeans, no tariff reductions announced, and no ...

Sugar's 2026/27 deficit is confirmed, but the size gap between forecasters is enormous

The International Sugar Organization published its first estimate for the 2026/27 crop year this week, projecting a global sugar deficit of 262,000 tonnes....

Vegetable oils track Brent higher as El Nino and Hormuz tensions set the agenda

Brent crude rose from $104 to $112 per barrel over the week, and vegetable oil markets moved with it. The trigger was fresh US threats to resume attacks on...

WPC80 prices at record levels as new protein demand grows faster than supply

The whey protein market is running an unusual experiment: higher prices are attracting both more supply and more demand simultaneously, with demand growing...

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

The mood at Cocoa Week London was not what most delegates arrived expecting. Industry participants came in focused on weak chocolate confectionery demand...

India's spice markets have a supply story, but buyers aren't listening yet

Six Indian spice categories. Six versions of the same situation: supply is genuinely tight, but the buyers have gone quiet. Cumin arrivals at Unjha fell...

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, despite a fresh wave of speculative buying. Speculators added 1,645 lots...

Food and beverage costs face a second wave of commodity pressure

The oil market has held above $100 per barrel through May, but the bigger story for food and beverage buyers is what is happening next. Investment funds...

Imported beef hits a record 23.4% of US supply in Q1

US beef imports totaled 599 million pounds in March, a 19% increase from the same month last year and well above LEAP Market Analytics' (LMA) forecast,...

NFDM domestic demand jumped 178% in Q1 as US dairy markets diverge

The CME spot call closed mixed this week as the dairy complex absorbed a stronger dollar and the headlines from the US-China summit. Blocks dropped 6 cents...

European cheese prices rise as Q3 buyers return

European cheese prices have moved higher over the past two weeks, but the rally has come in stops and starts. After a quiet stretch where Q2 coverage was...

European eggs cool while the US flips from scarcity to surplus

The European egg market is starting to ease from its post-Easter highs, but the correction is uneven. Caged and standard eggs are softening as Eastern...

Cocoa rallies 30% in a week on short-covering and crop risk

EU cocoa front-month May 2026 futures closed up 34% on the week at 3,551 GBP/t, with gains spread across the curve rather than concentrated in the front....

Vegetable oils ease with Brent on stalled Iran-US talks

Brent crude (July) closed the week at $104/barrel, down from $114 the prior week and recovered from a $100 low reached on signs of progress in Iran-US peace ...

US broiler supply keeps climbing while breast meat demand cools

US chick placements totaled more than 1.18 billion over the six weeks ending May 2nd, a 2.8% increase from the same period a year earlier, according to LEAP ...

California almond shipments beat March expectations, Turkey absorbs Middle East rerouting

California almond shipments outperformed expectations in March. Total shipments reached 257.99 million lbs, well above industry estimates of around 225...

Cotton rally and drought threaten US peanut crop, acreage cuts could top 20%

The US peanut market has reversed in recent weeks. The concern has shifted from oversupply to whether growers will be able to plant, how many acres they...

Energy market strength lifts sugar to one-month high

Raw sugar prices extended their climb over the past week. The NY11 July contract closed at a one-month high of 15.37 USc/lb on 5 May, supported by spillover ...

US milk powder shortage pulls EU and Oceania SMP prices higher

European and New Zealand SMP prices climbed again this week, with the latest GDT auction confirming the move. NZ SMP surpassed $3600/mt at the event, and...

Whey protein tightness drives reformulation toward MPC85 in Q3

The global whey protein market opened the Q3 purchasing window at fresh highs, with WPC80 once again pushing the complex higher and prompting a clear...

Brent strength and biofuel mandates push vegetable oil complex higher

Vegetable oil prices moved higher across most of the complex last week, supported by higher Brent crude prices and continued biofuel mandate momentum. July...

Cocoa futures climb on El Niño concerns despite record surplus outlook

London July cocoa futures have risen by approximately 10% over the past two weeks, driven by FMCG buying tied to El Niño headlines, despite the 2025/26...

EU partially suspends sugar IPP imports for one year from May 27

The European Commission's Management Committee for sugar voted on April 30 to partially suspend Inward Processing Procedure (IPP) imports for one year, with ...

Indian spice markets caught between tight supply and stalled export demand

Indian spice markets are showing a consistent pattern across the complex this fortnight. Supply is tight, sometimes severely so, but demand-side pressures...

Cheese markets soften under weight of peak milk supply

European and North American cheese markets are broadly stable this week, but the underlying tone is slightly bearish. Milk production in both regions is...

Cocoa prices find a higher floor on supply risk concerns

Cocoa prices have moved higher in recent sessions, with the front-month May 2026 ICE Europe contract closing 3.7% up at GBP 2,495/t. Market participants...

El Niño risk reshapes sugar's 2026/27 supply outlook

Raw sugar edged higher this week, supported by Brazil's planned anhydrous ethanol blending rate increase from 30% to 32% (pending formal approval at a CNPE...

Rapeseed market firms after Germany adopts RED III

European rapeseed prices climbed this week, supported by Germany's adoption of Renewable Energy Directive III (RED III) alongside tight EU stocks, strong...

Butter weakens while milk powders climb on record US NFDM pricing

Butter and milk powder markets are moving in opposite directions, with heavy milk flows pressuring butterfat across Europe, the United States and New...

Gulf shipping disruption reshapes Indian spice export flows

The ongoing conflict in West Asia and the resulting disruption in the Strait of Hormuz are reshaping export flows across multiple Indian spice categories,...

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

Coffee futures fell 8.5 cents over the past week to close at USD 2.878/lb on the most active July contract, with the market trading below the USD 2.90 to...

Indian basmati prices climb on tight supply and Gulf shipping uncertainty

Indian basmati prices have moved higher over the past three weeks, with 1509 Steam rising to USD 90 to USD 91/quintal from USD 82 to USD 83/quintal at the...

Whey protein prices hold at all-time highs with demand destruction still elusive

Whey protein prices remain at all-time highs across Europe and the United States, with WPC80 and WPI trading above levels where reformulation is already...

Soy and palm oils lead vegetable oil gains on biofuel policy and crude rebound

Soybean oil and palm oil led gains across the vegetable oil complex last week, supported by a rebound in Brent crude and further reinforcement of biofuel...

Energy costs drive starch prices higher across wheat, corn and tapioca

Wheat, tapioca and corn starch prices all rose month on month in April, with rising energy costs linked to the Middle East conflict putting pressure on...

European cocoa grindings drop to decade low on weak chocolate demand

European cocoa grindings fell 7.8% year on year in the first quarter of 2026 to 325,895 mt, the lowest quarterly total in more than a decade, according to...

Nordic Sugar to close Porkalla refinery, first EU standalone closure since end of quotas

Nordic Sugar has announced the closure of its standalone refinery in Porkalla, Finland, with raw sugar refining to be moved to the company's beet factory....

China set to overtake Brazil as world's top chicken meat producer

China set to overtake Brazil as world's top chicken meat producer in 2026 The global poultry trade is approaching a structural shift. USDA forecast data...

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

The European food industry is heading into a renewed inflationary period, with the energy price shock from the recent Iran conflict likely to pass through...

Southeast Asia biodiesel mandates reshape palm oil supply outlook

Three major Southeast Asian palm oil producers are stepping up biodiesel blending mandates in moves that will reshape the feedstock picture for global...

US egg prices fall below production cost while Europe stays tight

The post-Easter global egg market is moving in two opposite directions. US market in oversupply In the United States, supply has rebuilt strongly after last ...

Wheat and corn prices fall on lower crude and higher supply estimates

Wheat: bearish WASDE, US crop conditions deteriorating Euronext milling wheat dropped to EUR 194/mt from EUR 205/mt two weeks ago. Vesper's French wheat...

Cheese markets flip from Q1 shortage to Q2 surplus

From shortage to slight surplus Q1 was defined by limited commodity cheese availability as export demand kept volumes moving out of both Europe and the...

Cocoa prices break 2,500 resistance despite record fund short position

Short covering ahead of grindings data The rally appears linked to short covering by funds ahead of major global grinding updates, potentially on...

Coffee futures climb to $2.96/lb on ceasefire news

July contract rallies after testing support The most active contract shifted from May to July this week ahead of the first notice day. The July contract...

Sugar retreats from March highs on easing geopolitical risk

Global prices pull back The Sugar No. 11 raw price stood at $13.88/lb and No. 5 white at $424/mt as of April 14. The reversal reflects bearish underlying...

Vegetable oils slip lower on ceasefire optimism and weaker crude

All major oils lower BMD crude palm oil declined to $1,120/mt from $1,176/mt. CBOT soybean oil fell to 66.5 US cents/lb from 69.95 cents. MATIF rapeseed...

US broiler production on track for strongest growth in two decades

US broiler production is heading for one of its most significant growth years in recent memory, with ready-to-cook output expected to increase around 3.0%...

Australian beef exports hit near-record volumes in March 2026

Australia's beef export program delivered its second-highest monthly total on record in March 2026, with broad-based demand across key markets driving...

Australian sheep meat exports decline sharply in March as MENA shipments contract

Australian sheep meat exports pulled back materially in March 2026, with total combined lamb and mutton shipments reaching 42,656 tonnes, down 24% year on...

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 from the prior Tuesday, as a deteriorating risk environment weighed on prices....

Butter leads dairy prices lower at start of Q2 flush season

Dairy commodity markets have entered a calmer phase at the start of Q2, with the arrival of the flush season adding pressure to butter, SMP, and WMP prices...

WPC80 shortage drives protein markets into uncharted territory

The global whey protein market is moving in two very different directions. At one end, WPC80 is in a pressing structural supply shortage with no near-term...

Vegetable oil prices ease on ceasefire news, palm oil outlook mixed

A two-week ceasefire agreement between the United States and Iran, announced on April 8, triggered a sharp decline in Brent crude oil, sending immediate...

Cocoa grindings extend decline with chocolate demand under sustained pressure

Cocoa grindings are on track to remain well below historical levels through the 2025/26 season, with the latest data pointing to continued volume pressure...

Variable spring weather disrupts EU sugar beet drilling, area down 7% year on year

Conditions for beet drilling have been uneven across northern Europe this spring, adding uncertainty to the EU sugar supply outlook heading into the 2026/27 ...

European egg market enters Easter under supply pressure

Europe's egg market is heading into Easter with demand firm, supply limited, and retail prices holding at elevated levels. A combination of disease...

Middle East conflict drives Brazilian chicken prices higher

Brazilian chicken meat prices have reversed sharply in week 14, ending a bearish trend that had held for several months. Whole bird and cut prices rose...

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

Coffee futures fell sharply last week, with the most active May contract losing 14.45 cents from Monday to Monday to finish at 292.55 US cents per pound....

Cocoa prices stage end-of-quarter rally, but cost pressures cloud the chocolate outlook

Cocoa prices rallied sharply at the end of March, with EU futures gaining 7% in a single session to close at £2,487/mt for the front month May 2026...

European cheese markets turn softer at the start of Q2

After a firm Q1 in which strong export demand kept European cheese markets relatively tight, the balance of power is shifting at the start of Q2. High...

Grains hold firm on crude oil support, but markets watch for de-escalation signals

Grain prices across wheat, corn, barley, and soybeans remained elevated this week, with Brent crude oil continuing to provide the primary source of support. ...

Sugar prices edge higher on crude oil rally, but fundamentals stay soft

Sugar prices moved modestly higher this week, driven almost entirely by the sharp rise in crude oil rather than any change in underlying supply and demand...

Vegetable oils rebound on crude surge and biofuel policy shifts

Vegetable oil prices recovered broadly last week, with palm and soybean oil leading gains on the back of firmer Brent crude and new biofuel policy...

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

Coffee futures prices basis the most active May contract rose 14.15 cents over the week to close at USD 3.07/lb, breaking above the USD 3.00/lb level for...

EU sugar beet farmers face higher costs as energy prices climb

European sugar beet growers are heading into the 2026 planting season with a more challenging cost environment, as diesel and gas prices rise in the wake of ...

European butter prices correct sharply while SMP holds firm

European butter prices fell sharply last week, dropping from close to EUR 5,000/mt to as low as EUR 4,200/mt within a few days. The correction followed an...

Global cartonboard demand ends 2025 flat as regional trends diverge sharply

Global cartonboard demand grew by 1% in December 2025, bringing full-year 2025 demand growth to zero, according to EMGE's latest Paperboard Market...

WPC80 prices exceed EUR 20,000/mt as global supply falls short of demand

The market for whey protein concentrate 80 (WPC80) has tightened to an extent that transactions above EUR 20,000/mt are being reported for Q2, Q3, and Q4...

Philippine biofuel policy uncertainty weighs on coconut oil prices

Coconut oil prices at origin fell sharply this week, with the EXW Manila benchmark declining to $1,918/mt from $2,271/mt previously, as biofuel producers in ...

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

The ongoing blockade of the Strait of Hormuz is creating mounting pressure across global ocean and air freight markets, with emergency fuel surcharges...

Ivory Coast weighs cocoa pricing reform after beans pile up at ports

Ivory Coast is considering a reform of its cocoa marketing system that would make government-set farmer prices more responsive to international price...

Corn and wheat prices climb on energy costs and tighter 2026 supply forecasts

Corn and wheat prices have moved higher over the past two weeks, supported by rising Brent crude oil prices and downward revisions to 2026 global supply...

European egg shortage deepens ahead of Easter as disease outbreaks hit supply

Europe's egg market is under severe pressure with Easter just 15 days away. A combination of HPAI and Newcastle Disease outbreaks across key producing...

NFDM prices approach 10-year highs as US supply tightens

US non-fat dry milk (NFDM) prices have continued their upward run, rising a further USD 0.08/lb compared to a week ago, a 4.53% increase. Prices are now...

NFDM prices approach 10-year highs despite record milk surplus

Non-fat dry milk prices rose a further 4.53% this week, leaving them just $0.055/lb below 10-year highs. The move comes against a backdrop of surging milk...

Wheat futures rally, but cash markets tell a different story

Wheat futures rally but basis levels signal a possible correction. Barley exports hit multi-year highs on strong global demand...

Record Brazilian exports push global poultry prices lower

Global poultry markets are heading into the final week of March under a broadly bearish price signal, with both Brazilian and Thai origins posting...

Cheap milk, tight cheese: how production capacity is driving European markets

Raw milk in Europe is hitting spot markets at unusually low prices of €0.10-€0.25/kg in mid-March, yet cheese stocks are tight and prices are firm across...

Cocoa farmers in Brazil cancel expansion plans as low prices bite

The dramatic decline in cocoa prices over the past 12 months is beginning to have consequences for future supply. Cocoa farmers in Brazil say they expect to ...

Coffee futures pull back on record Brazil crop expectations

Coffee futures basis the most active May contract fell 4.05 cents week-on-week, closing at 292.85 US cents/lb, after briefly reaching a high of 297.45 cents ...

Wholesale beef prices rally sharply, but correction seen ahead

Wholesale beef prices have been climbing at a rapid pace, with the choice cutout value up nearly $30 over the past three weeks. Every part of the carcass is ...

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

Crude oil briefly touched $100/barrel following the closure of the Strait of Hormuz, a move that would normally push ethanol economics higher and redirect...

Palm oil prices climb on B50 speculation and supply concerns

BMD crude palm oil prices rose to $1,176/mt this week, up from $1,123/mt the previous week, supported by a combination of supply-side developments,...

US broiler market: weak export start, steady domestic demand

US broiler exports got off to a slow start in 2026, while domestic dark meat markets have continued to show relative stability. Here is what is shaping the...

Bakery market forecast 2026: flour, starches, eggs, dairy, vegetable oils, sugar, cocoa, nuts

Bakery procurement in H2 2026 is shaped by a mix of signals: some ingredients are softening, others are under renewed pressure, and a handful are in...

Chocolate forecast 2026: cocoa, sugar, vegetable oils, nuts

Chocolate manufacturers are navigating an ingredient landscape that looks very different today from where it started the year. Cocoa has come down sharply,...

European beef market forecast 2026: structural herd contraction keeps upward price pressure in place

The upward trend in cattle and beef prices is expected to continue into 2026, driven by a combination of continuous regulatory pressure on producers and a...

European butter forecast: rangebound in H1 2026, with recovery expected as milk tightens in H2

European butter markets are entering 2026 with ample supply. Strong milk production throughout 2025, particularly in the second half of the year, has...

European Cheddar forecast 2026: lean stocks and firm prices despite strong production

European Cheddar production maintained strong momentum throughout 2025, supported by abundant milk availability. However, the supply-heavy H1 picture...

European chicken market forecast 2026: prices fall on Brazilian import increase, avian flu risk persists

After the lifting of the ban on Brazilian poultry, chicken meat prices in Europe have decreased significantly. The price decrease started around November...

European dairy market forecast 2026: milk, butter, smp, wmp, swp, cheeses

The European dairy market in 2026 is not one market, it's a collection of very different stories depending on which product you're buying. Some categories...

European egg market forecast 2026: avian flu outbreaks keep supply tight and prices elevated through Q1

Mass avian flu outbreaks have persisted throughout Q1 2026, with scarcity continuing to affect the market. Extensive flock cullings following widespread...

European Mozzarella forecast 2026: prices rise sharply since February as nearby supply proves scarce

European Mozzarella production maintained strong levels throughout 2025, driven by abundant milk availability. However, the expected H1 supply pressure on...

European pork market forecast 2026: African Swine Fever in Spain redirects volumes to EU markets, pressuring prices

The EU sow herd is forecast to shrink further in 2026 due to ongoing environmental restructuring in North-Western Europe. Favourable feed prices are...

European raw milk forecast: strong flush adds supply pressure across dairy markets in H1 2026

European raw milk production delivered strong volumes throughout 2025, with output accelerating particularly in the second half of the year. That momentum...

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

Both glucose syrup and dextrose monohydrate went through a significant correction through 2025, driven by easing corn and wheat feedstock costs, elevated...

Gouda market forecast 2026: prices move higher as stocks stay lean and Dutch production expected to shrink

Gouda production across Europe was robust throughout 2025, benefiting from strong milk availability. Despite that production strength, the market has...

Lactose market forecast 2026: stability returns after 2025 price spike

The lactose market experienced significant price increases during 2025, driven primarily by tightness in the US market that pulled European prices higher....

Lauric oils forecast 2026: prices retreat from 2025 peaks as coconut supply recovery approaches

Prices for lauric oils have declined from their 2025 peaks as the market awaits improved coconut oil supply. The International Coconut Community expects...

Olive oil market forecast 2026: production normalises after two volatile seasons, prices expected to hold broadly stable

Extra virgin olive oil prices (EXW Spain) peaked at around EUR 5,000/mt in November 2025, declined to EUR 4,300/mt in January, and have since risen back to...

Palm oil market forecast 2026: record Malaysian stocks weigh on prices despite Brent crude support

The BMD crude palm oil price has increased to USD 1,096/mt from USD 975/mt at the beginning of the year, supported by higher Brent crude prices, strong...

Pizza, pasta, savory snack forecast: flour, tomate, chicken, beef, pork, mozzarella, olive oil

For food manufacturers in pizza, pasta, and snacks, H2 2026 brings a mix of near-term stability and building supply-side risks. Some key ingredients are...

Potato starch market outlook 2026: record 2025 harvest drives prices to lowest point since 2024

The main factor behind falling potato starch prices has been the very favourable 2025 crop, which delivered a much larger harvest in the main production...

Rapeseed oil price forcast 2026: Brent crude drives near-term gains, harvest pressure expected from Q2

Crude rapeseed oil prices (FOB Dutch Mill) increased to EUR 1,117/mt from EUR 1,030/mt in January, supported by strong prices for competing vegetable oils...

Rapeseed oil price forecast 2026: Brent crude drives near-term gains, harvest pressure expected from Q2

Crude rapeseed oil prices (FOB Dutch Mill) increased to EUR 1,117/mt from EUR 1,030/mt in January, supported by strong prices for competing vegetable oils...

SMP market forecast 2026: US production shortfall pulls international buyers toward Europe

The global skim milk powder market has shifted significantly from what was expected at the start of 2026. Rather than a supply-heavy, export-dependent...

Soybean oil price forecast 2026: US biofuel policy drives sharp price increase, Argentine discount widens

CBOT crude soybean oil prices have risen sharply to 65.33 US cents/lb from 48.56 US cents/lb at the beginning of the year, supported by higher Brent crude...

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

The sports nutrition supply chain is under more pressure than it has been in years, and the drivers are no longer just about sports. Demand for whey...

Sugar market forecast: raw, white, sweeteners

The sugar market in 2026 is operating in a surplus environment, but the story is more nuanced than that headline suggests. Energy market dynamics, Brazilian ...

Sugar markets stabilise after Q1 surplus pressure, with Brazil and energy dynamics shaping the outlook

Raw and white sugar both spent most of Q1 under surplus pressure before stabilising and recovering into early March as energy markets strengthened. The...

Sunflower oil market forecast 2026: prices firm on tight supply as Argentine shipments to Europe surge

FOB 6-port crude sunflower oil prices have increased to USD 1,485/mt from around USD 1,400/mt at the beginning of the year, supported by tight supply...

Sweet whey powder forecast 2026: European prices overtake US levels as costs rise and Middle East demand accelerates

Sweet whey powder is showing a clear divide between Europe and the United States in early 2026, and that regional divergence has become the defining feature ...

Tapioca starch market forecast 2026: lower cassava yields and Laos competition pressure prices

Total cassava production for the 2025/26 season is estimated at around 22.1 million tonnes, down from approximately 28 million tonnes in 2024/25. Lower...

Tomato paste market forecast 2026: Q2 expected stable, but California and energy risks loom for H2

The second quarter of 2026 is expected to see a modest softening in tomato paste prices relative to the firm levels observed at the start of the year. The...

US Dairy forecast: milk, butter, smp, cheeses, WPC80

The US dairy market entered 2026 expected to be well-supplied across most categories. That picture has changed materially. Butter is tight, powder is tight, ...

US dairy market forecast 2026: butter stocks at five-year low as demand and exports tighten supply

US butter markets have proven considerably tighter than initially anticipated heading into 2026. January production came in at 231 million pounds, up 6%...

Vegetable oil market forecast: olive, rapeseed, soybean, sunflower, palm, coconut, palm kernel oil

The oils and fats market in 2026 is being pulled in two directions at once. On one side, crop-level fundamentals, large harvests, record stocks in certain...

Walnut market forecast 2026: abundant California supply offers buyers a favourable window

California walnuts are entering Q2 in an unusual position: abundant supply, improving shipment momentum, and prices trading below production costs for many...

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

Whey permeate stands out as one of the more stable products in the dairy complex heading into 2026, largely insulated from the volatility affecting other...

WMP forecast 2026: EU and New Zealand prices converge for first time since 2021

European Whole Milk Powder pricing is driven by the combined dynamics of butter and skim milk powder, alongside overall milk availability. With butter...

WPC80 market forecast 2026: Q2 volumes near sold out as demand outpaces supply across all major regions

WPC80 stands apart from the broader dairy complex, with market dynamics driven primarily by demand rather than milk availability. That firm tone is expected ...

WPI price forecast 2026: EU prices approach €25,000/mt as GLP-1 demand adds to supply strain

Whey protein isolate markets are characterised by a persistent supply-demand imbalance, with demand significantly outstripping available production...

Supply tightens and shipments slow across tree nut markets

Cashew prices are on the move, Brazil nut supply is tightening and pecan shipments are down 35% year-on-year. Get the full tree nuts...

US dairy exports hit records as American product finds new markets worldwide

US butterfat exports are up 166% year-on-year and cheese exports have broken records. Find out what is driving US dairy markets and...

Australian beef exports rise as tight US supply boosts demand

Australian beef exports rose 11% year-on-year in February as tight US cattle supply and a 42% price discount for Australian cattle...

Coffee approaches $3/lb as geopolitical risks support market

Coffee futures rally toward $3 per pound as geopolitical risks and potential shipping disruptions tighten supply and strengthen Brazilian...

Tight skimmed milk powder supply supports global prices

Global skimmed milk powder prices remain supported as limited supply in the US and Oceania meets steady import demand and rising exports...

WPC80 shortage keeps whey market firmly bullish

Global whey markets stay bullish as tight WPC80 supply and strong demand across nutrition and food sectors leave Q2 volumes nearly sold out.

Brent at $80, $120, or $150: Scenario Analysis of the Impact on Global Commodity Markets

Explore three Brent oil price scenarios ($80, $120, and $150) and their potential impact on global commodity markets.

Vegetable oils rise with Brent before sharp reversal

Vegetable oil prices follow volatile Brent crude moves as palm, soy, rapeseed and sunflower markets react to energy swings and Middle...

Cocoa sector turmoil deepens in Ivory Coast and Ghana

Cocoa sector disruption in Ivory Coast and Ghana deepens as falling prices, unsold beans and payment delays strain farmers and buyers...

High EU sugar stocks keep market under pressure

EU sugar stocks reach the highest level in three years as the beet campaign ends. Energy costs and global market developments remain key...

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.

US wholesale beef prices rise as slaughter slows and supplies tighten

US wholesale beef prices rose to the highest level since September as packers cut slaughter amid heavy losses and tighter cattle supply.

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

Grain markets moved higher over the past two weeks, with the Middle East conflict the most significant driver. Wheat, corn, barley, and...

Paperboard markets diverge as Western Europe softens and North America holds firm

Western European cartonboard and containerboard markets continued to soften in November 2025, while North America held firm.

European cheese prices keep climbing as buyers chase limited availability

Cheese prices across Europe continue to increase in early 2026, with Gouda, Mozzarella, and Cheddar all firming as availability remains...

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

Ivory Coast has reclassified March cocoa production as mid-crop, sharply reducing farmgate prices to move unsold stocks. The bearish market...

Sugar prices near multi-year lows as global surplus holds, crude volatility adds uncertainty

Sugar prices touched multi-year lows in mid-February before a partial recovery linked to crude oil gains. The 2025/26 surplus remains...

How escalation around the Strait of Hormuz is reshaping oil shipping

Escalation around the Strait of Hormuz is disrupting global oil shipping, insurance markets, and freight flows as tanker traffic collapses.

Middle East conflict pushes vegetable oil prices higher as freight costs climb

Brent crude's rise following Iran's closure of the Strait of Hormuz is lifting vegetable oil prices across the board, with freight...

Strait of Hormuz tensions and the short-term outlook for brent crude oil

How Middle East tensions and Strait of Hormuz disruptions impact food commodities through energy prices, fertilizer costs, freight, USD strength and market sent

How Middle East conflict and Strait of Hormuz disruption could impact food commodity market

Explores how Middle East tensions and potential Strait of Hormuz shipping disruptions could indirectly influence food commodity markets...

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

Thailand's sugar sector faces a significant production decline in 2026/27, as white leaf disease, reduced migrant labour, and a shift...

European poultry market remains under pressure after brief February recovery

A brief price recovery in February driven by the return of school meals and salary arrivals has not reversed the broader downward trend in...

European sugar producers feel the squeeze as market prices stay low

European sugar producers report heavy losses as low market prices bite Meta description: Tereos and Südzucker have both reported...

Tree nut markets in early 2026: cashews, macadamias, almonds, and pecans

Tree nut market update February 2026: cashews, macadamias, almonds, and pecans Meta description: From firm cashew prices post-TET to pecan...

Coffee prices ease as market weighs tariff ruling against supply dynamics

Coffee prices slip as market digests US tariff ruling and supply signals Meta description: Coffee futures fell 3.6 cents over two weeks...

Dairy markets firm on scarce offers and strong export demand

A shortage of offers is pushing butter and SMP prices higher across Europe, the US, and Oceania. Here's what's driving the moves and what...

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

Whey protein concentrate 80 markets are tightening fast, with Q2 volumes nearly sold out across Europe and the US. Buyers are now...

US-Iran tensions push Brent crude higher, lifting vegetable oil prices

Rising geopolitical risk lifts vegetable oil prices in week 9 Meta description: Brent crude oil prices climbed on US-Iran tension concerns...

Cocoa prices fall 35% in a month as West African supply overhang deepens

Cocoa prices have collapsed 35% over the past month and sit 70% below year-ago levels, as unsold bean inventories build in Ghana and Ivory...

European cheese prices hold firm in February, defying seasonal correction expectations

EU Gouda and Mozzarella prices have risen to around €3,300/mt in February as low stock levels and firm producer pricing defy expectations...

Sugar markets hit five-year lows as global surplus weighs on prices

Raw sugar prices fell to their lowest since October 2020 as a 1–5 MMT global surplus weighs on markets, European stocks climb to 9.3 MMT...

Palm oil prices decline on weak February exports; POC conference flags 2026 supply risks

Palm oil prices declined to $1,030/mt amid poor early-February export data and the Lunar New Year, while the POC Malaysia conference...

US broiler slaughter rebounds sharply after winter disruption, but growth expected to slow

US broiler slaughter rebounded 5.6% in early February after winter disruption, but underlying indicators point to growth slowing toward 2%...

South American supply boom reshapes corn oil trade flows

A record harvest in Argentina and strong Brazilian crop estimates are keeping corn oil prices under pressure, while Middle East demand and...

Structural shift in US skim milk use keeps NFDM markets tight

Four consecutive years of falling US NFDM production point to a structural shift in where skim milk is going toward MPC and butter.

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

India's soybean oil duty cut set to reshape vegetable oil import dynamics

India's planned reduction in soybean oil import duties under US trade agreement expected to reshape procurement patterns and intensify competition across palm,

Cocoa futures recover modestly as Ghana payment crisis leaves 150,000 mt stuck

Cocoa futures up slightly after sharp declines but farmers face payment crisis as Ghana and Ivory Coast struggle with defaults. Ghana holds...

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

EU sugar production projected to decline to 15.4 million tonnes in 2026/27 from 17.05 million tonnes. Import needs unclear as November...

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

CBOT soybeans surged to 1,115 cents/bushel as China signals potential increase to 20 MMT purchases. New 45Z rules and December crush of...

U.S. milk powder prices surge 30% in one month on supply squeeze

CME nonfat dry milk prices surged 30% in one month as low November production triggered a short squeeze. Analysis suggests prices may be...

Europe faces Easter egg shortage as Poland loses 5 million laying hens

Poland has lost 5 million laying hens in six weeks, creating severe Easter egg shortages across Europe. Germany faces daily shortages of...

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

Poland reports 22 Avian Influenza outbreaks with 2.79 million birds culled, driving Polish chicken prices down 3.7% while French prices...

U.S. Treasury's 45Z guidance tilts biofuel policy toward North American crop oils

New 45Z biofuel guidance requires fuels to use exclusively U.S., Canada, and Mexico feedstocks, removing ILUC penalties and supporting CBOT...

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

American dairy producers increased milk output to record levels in December 2025 despite Class III and IV prices settling below cost of...

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

Cocoa futures dropped 30% in one month as Q4 grind data showed 8.25% European decline and Ivory Coast faced trader defaults amid falling...

European skim milk powder reaches €2,200 per tonne as short squeeze lifts dairy prices

Skim milk powder reached €2,200/mt in Europe as a short squeeze pushed prices up 10% despite weak long-term fundamentals...

Whey protein concentrate reaches €14,320 per tonne in Europe as structural shortage persists

Skim milk powder reached €2,200/mt in Europe as a short squeeze pushed prices up 10% despite weak long-term fundamentals and surplus milk...

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

Coffee futures rose 0.95¢/lb to 356.25¢ as roasters accelerated March fixations before first notice day, with technical buying expected to...

Palm oil prices rise on strong January exports as Indian buyers shift from soybean oil

Palm oil prices rose to $1,051/mt on strong Malaysian January exports up 8-10%, while Indian buyers cancelled soybean oil shipments...

European poultry fillet prices face continued pressure after holiday demand fades

Chicken breast prices fell across Thailand and Brazil in January after European holiday demand faded. Wings remained stable with...

European sugar producers face mounting losses as Süedzucker reports €136 million deficit

European sugar producers face mounting losses with Süedzucker posting a €136M deficit and Nordzucker losing €56M as depressed prices...

US broiler production projected at 49 billion pounds in 2026 despite inventory headwinds

US broiler production is projected to rise 2.1% to 49 billion pounds in 2026, supported by record productivity despite a 1.9% decline...

EU egg market faces structural supply pressure as avian influenza culls and trade restrictions tighten availability

Empty shelves across Austria, Germany and France signal structural supply tightness in EU egg markets. HPAI culls, slow restocking

India's sugar production jumps 22% while global surplus widens to 4.7 million tonnes

India's sugar production increased 22% to 15.9 million tonnes through mid-January while the global surplus widened to 4.7 million tonnes...

US cattle placements projected to decline 4.9% in December amid border restrictions

December cattle placements projected at 1.56 million head, down 4.9% year-over-year, as Mexico border restrictions and weak feedyard...

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

London cocoa futures dropped 12% to 3,347 GBP/t as fixed farmgate prices in Ivory Coast and Ghana create supply bottlenecks. European...

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

Coffee futures dropped 13.75 cents per pound to 346.5 cents this week as Central American origins reach peak harvest. Honduras...

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

Cheese markets hold firm around €3,000/mt despite peak seasonal production, while falling butter prices shift dairy valorization toward...

US broiler availability hits record high as wholesale prices weaken in Q4

US broiler meat availability reached 18.9 pounds per capita in Q3 2025, a new quarterly record. Wholesale prices languished in Q4 but...

Paperboard market shows diverging regional trends as operating ratios hit multi-year lows

Global paperboard markets show diverging trends as cartonboard operating ratios reach multi-year lows. Western Europe demand drops 14%...

Cocoa market seeks equilibrium after 50% price retreat

Cocoa futures trade in narrow range as market seeks equilibrium. Mild Harmattan conditions and above-average rainfall support West African...

U.S. dairy prices hit multi-year lows to close 2025

American dairy markets ended 2025 with significant price declines across all product categories. Butter dropped 45% while cheese fell 28%...

Broiler cutout value forecast missed actual 2025 average by less than two cents

2025 broiler forecast was nearly $1.00/lb vs actual, with leg quarters showing 1% error and premium cuts exceeding 10% deviation.

Cattle feeder margins deteriorate despite strong beef demand outlook

U.S. cattle feeders face losses exceeding $500/head by early 2026 after Tyson's Nebraska plant closure alters margin dynamics.

European butter prices head for sub-€4,000/mt in Q1 as surplus hits 93,700mt

European butter markets face continued pressure as Q1 2026 prices head below €4,000/mt. Production surge and 93,700mt surplus drive cream...

Indian importers secure 150,000 metric tons monthly of South American soy oil

Indian buyers commit to purchasing over 150,000 metric tons of South American soybean oil monthly from April to July 2025, driven by...

Trump's tariff plans create tight timeline for US importers

Trump announces 25% tariffs on Mexico and Canada, 10% on China starting January 20th. US importers face tight six-week timeline to...

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.

Südzucker takes radical position with 15-25% beet reduction

Südzucker announces beet reductions of 15-25% as Tereos maintains contractual area unchanged. The diverging strategies could create discord...

Record cocoa short position reaches half a million metric tons

Managed money traders have built a half million metric ton short position in cocoa futures, a size that has historically hurt speculators...

Egg markets face dual pressure from avian flu outbreaks and rising energy costs

Germany reports 25 farm cases, France 33 infections, Netherlands culls 62,000 hens as Arctic weather increases heating demand with sharp...

EU chocolate inflation remains at multi-year highs despite cocoa price correction

European chocolate inflation remains near multi-year highs at 17.3% year-over-year even as cocoa prices fall 60% from peak, limiting...

European cheese producers sell forward to avoid Q1 weakness as buyers hold back

Gouda falls to EUR 2,980/mt as producers lock in Q1/Q2 sales ahead of seasonal weakness, while buyers wait for further declines with milk...

European wheat faces competition squeeze amid strong euro and record global output

French wheat flour falls to EUR 283/mt as abundant global supplies and 11% euro appreciation squeeze European exporters facing competition...

Coffee futures hold range despite record December delivery amid tariff relief

Coffee March contract holds 376.55 cents/lb as record December delivery inversion worth $21 million premium provides support despite US...

European sugar processors announce 2026 acreage cuts following stock accumulation

European processors announce larger-than-expected acreage reductions for 2026 while Brazilian mills conclude early with 120 units finished...

Palm oil prices decline on weaker crude oil and slower Malaysian shipments

BMD crude palm oil declines as Malaysian shipments drop 19% in November while soybean oil faces pressure from China trade concerns and...

Tyson Foods closure of Nebraska plant reshapes beef packing capacity amid DOJ scrutiny

Tyson shuts Lexington facility with 5,000-head daily capacity and streamlines Amarillo plant as Trump Administration investigates Big Four...

US broiler production growth accelerates to largest quarterly increase since early 2023

Ready-to-cook broiler production up 2.8% in Q4 2025 as industry pursues growth push, though leading indicators signal gradual slowdown...

Global milk production overwhelms demand, timing mismatches amplify market pain

US cheese prices hit 2025 lows while butter spread to retail exceeds $2.77/lb as strong milk production from US, Europe, and NZ...

Coffee futures fall 16.55 cents amid partial US tariff relief

Coffee futures fell to $376.6/lb this week as the White House announced tariff exemptions that excluded Brazil and India. Markets expected...

European butter surplus climbs to 106,000 metric tons

European butter production surged 5.09% in 2025, creating a 106,000 MT surplus. With cream cheap at €5,500/MT and buyers already covered...

US whey protein shortage is pushing prices to record levels

Critical shortage of US WPC80 and WPI forces global buyers to European markets as GLP-1 medication demand drives whey protein consumption...

Bullish mood for palm and rivals after the IPOC Conference in Indonesia

BMD palm oil prices reach $993/mt following IPOC conference discussions on production declines, Indonesian land seizures, and biodiesel...

European sugar producers cut beet area in emergency move

Suedzucker offers €10/tonne premium to cut 2026 beet area as European sugar prices drop to €425/tonne. French growers battle virus yellows...

Broiler market under pressure as thigh meat demand weakens

Thigh meat demand falls below baseline average for first time in two years. Prices projected to decline 15-20% in 2026 as market corrects...

Chocolate demand pressures mount with Singles Day spending decline

Cocoa prices fell over 9% this week as Singles Day spending dropped 20% and Barry Callebaut reported 5.3% decline in chocolate volumes...

Coffee futures hold near $4 amid Supreme Court tariff uncertainty

Coffee futures reached 393.15 cents per pound as the Supreme Court weighs tariff legality under IEEPA, with potential market implications...

European cheese exports surge as dollar strength reshapes global trade flows

European cheese gains export advantage as stronger dollar reshapes global trade. Asian markets switch from US to EU suppliers, clearin...

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

Rapeseed oil prices reach EUR 1,085/mt as EU imports decline sharply and the market awaits German biodiesel policy decisions that could...

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 declined sharply in August 2025 while other regions showed stability or growth.

Vietnam cashew processors cut operations as raw material costs climb

Vietnamese cashew processors limit operations as raw cashew nut prices increase. Market analysis covers Tanzania auction impact, warehouse...

Beef grading reaches record highs as choice-select spread narrows

Cattle grading performance reaches all-time highs for fall with prime near 12.8% and choice at 73.2%, while the choice-select spread...

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

Coffee futures climbed to $387.7 cents per pound this week as roaster buying and the index roll period prevented the expected correction...

European SMP prices supported by euro weakness as currency movements influence global markets

EUR/USD movement from 1.17 to 1.14-1.15 is currently supporting European skim milk powder prices despite fundamental weakness...

Germany and Netherlands eye policy shifts that could reshape European biodiesel demand

Germany and the Netherlands are evaluating policy changes that would end double counting for advanced biofuels, potentially reshaping...

Palm oil drops $50/mt on B50 doubts and weak demand

Palm oil falls to $974/mt as concerns grow over delayed B50 implementation and rising Malaysian stocks. Indian buyers shift to cheaper...

US whey protein concentrate market reaches record prices as spot availability becomes critically low

US WPC80 has become virtually impossible to source as temporary factory downtime creates supply shortage, pushing prices to $6.35/lb while...

Chocolate manufacturers plan price cuts after consumers reject 30% increases

Mondelez reports higher-than-expected demand elasticity for chocolate in Europe, with consumers pushing back against cumulative 30% price...

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

European sugar prices fall to €450 ex-factory beet belt, forcing producers toward break-even. Analysis of current market values and...

Exchange rate shift sends US dairy prices into sharp decline

NFDM prices fell sharply as the exchange rate turned against US exports. The USD gained momentum while the euro lost value, making the US...

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

Coffee prices are set for a sharp correction to $3.50 per pound with Trump signaling tariff relief, Brazil's crop outlook improving, and...

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

Mondelez reveals European chocolate demand elasticity of 0.7-0.8, surpassing industry expectations as cumulative 30% price increases test...

Raw sugar prices hit four-year lows on surplus concerns

Raw sugar futures drop to 14.37 cents per pound, the lowest since April 2021. Brazilian production forecasts and Indian export potential...

Trump-Xi meeting drives grain prices higher as markets anticipate soybean trade resumption

U.S. grain futures rally as markets anticipate potential resumption of Chinese soybean purchases following Trump-Xi meeting. CBOT soybeans...

US cheese prices rise above European levels, affecting international competitiveness

US cheese prices reach levels where international competitiveness becomes challenging. European cheese offered at competitive prices...

Sunflower oil prices reach 10-month high as tight supply persists

Sunflower oil reached $1,405/mt as harvest disappointments in Ukraine, Russia, and Europe tighten global supply. Bulgarian processors face...

Germany considers ending UCOME double-counting by January 2026

Germany plans to eliminate advanced biofuel double-counting by January 2026 under RED III implementation, potentially reshaping UCOME...

US butter prices drop sharply on CME as abundant milk supply weighs on dairy markets

CME butter prices fall sharply as US milk production grows 3% year-over-year alongside increased output from New Zealand and Europe...

Butter markets show temporary stability but underlying weakness remains

European butter trades below €5000/mt as abundant milk supplies pressure dairy markets. SMP and WMP prices expected to decline further...

Coffee prices climb on tight supply concerns despite favorable Brazilian weather

Coffee futures climbed 13.9 cents this week to 413.55 cents per pound as certified stocks decline and US-Colombia trade tensions threaten...

European WPC80 market empties for Q4 following large volume purchases

European WPC80 market shifts to significantly tight as large purchases clear Q4 supply. Western European producers quote €12,500+/mt while...

Ground beef prices spike to $300 per cwt as grinds complex rallies

73% lean ground beef prices jumped from $270 to $300 per cwt this week, but analysts expect the grinds complex rally to be fleeting with...

Black Sea sunflower crop concerns drive prices higher as supply outlook tightens

Sunflower oil prices increased $20/mt as Ukrainian crop estimates fell to 10.5-11.2 mmt from 12.7 mmt last year. Poor yields and excessive...

Cocoa demand destruction confirmed as Q3 grind numbers reveal global decline

Q3 cocoa grind numbers reveal significant declines across major processing regions, with European grind down 4.8%, Asia down 17%, and...

European sugar prices decline over 20% since May

European sugar prices have fallen over 20% since May to €475/tonne as exceptional harvest yields and evolving market dynamics reshape pricing

Cocoa prices fall 20% over past month as main crop expectations remain optimistic

Cocoa futures fall 20% in a month as West African main crop expectations remain optimistic. European Q3 grindings beat estimates.

EU considers 300% expansion of Ukrainian egg import quotas amid food safety concerns

EU weighs 300% expansion of Ukrainian egg import quotas as antibiotic residue detections raise food safety concerns.

Global grain surplus puts buyers in control as sellers compete for market share

Record wheat, corn, and barley harvests force sellers to compete for market share. Analysis of grain market dynamics and pricing...

HPAI returns to Northern Europe after months of calm

Avian influenza outbreaks return to Netherlands and Denmark, signaling start of winter risk period. What egg buyers need to know about...

European cheese prices fall as milk production surpluses mount

European cheese prices decline across Gouda, Mozzarella, Cheddar and Emmental as milk production surpluses of 5-7% YOY create abundant supply

European sugar prices trade below import parity while 2026 acreage faces potential cuts

European sugar prices trade below €586/tonne import parity as early data shows 3% acreage reduction expected for 2026.

Indonesia's B50 biodiesel program could reshape palm oil supply in 2026

Indonesia's proposed B50 biodiesel program may restrict palm oil exports, requiring 3 million additional metric tons.

Sunflower oil prices climb as crop forecasts deteriorate across key producing regions

Sunflower oil prices increased by $10/mt to $1360/mt as crop forecasts in Ukraine and Russia continue to deteriorate. APK-Inform reduced...

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 dry conditions while China's corn belt braces for frost. Latest global crop production analysis shows stable...

Butter, SMP and WMP tip in buyers' favor amid Q4 oversupply

Global dairy markets favor buyers as heavy stocks meet weak demand. Butter, SMP, and WMP prices decline with production costs narrowing...

Whey protein supply runs low as Q4 volumes sell out

Whey protein markets defy broader dairy weakness as Q4 supply dwindles. WPC80 holds above €12,000/mt while WPI tightens further...

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 reached 390.75 US cents/lb as ICE certified stocks decline rapidly. Understand the inventory dynamics and weather factors...

Palm oil prices strengthen as Malaysian stocks tighten and Trump signals renewed China trade talks

Palm oil prices strengthened in October as Malaysian stocks tighten and Trump signals soybeans will be key in China talks.

European sugar prices fall below import parity amid 2025 harvest season

European white sugar prices for 2026 delivery have fallen below import parity as harvest progresses. Analysis of pricing dynamics...

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 dairy markets turned green this week with butter and cheese prices bouncing back on the CME. Analysis of cold storage data, price...

European cheese markets face downward pressure as supply outpaces demand

European cheese markets face downward pressure with Gouda at €3170/mt and Mozzarella at €3120/mt as buyers shift to hand-to-mouth...

Raw sugar futures recover as Brazilian mills eye ethanol production shift

Raw sugar futures bounced back to $16.1/lb as Brazilian mills signal potential pivot to ethanol production. European yields exceed forecasts..

Record global grain production pressures prices across wheat, corn and barley markets

Global grain markets face downward pressure as record wheat, corn and barley production forecasts overwhelm seasonal patterns.

Argentina's tax holiday triggers massive soybean sales, pressuring global vegetable oil markets

Argentina's temporary export tax suspension triggered 1.3M tons of soybean sales to China and 300K tons of soybean oil to India...

Beef prices face pressure as wholesale demand shows signs of cooling

Wholesale beef prices have declined sharply since Labor Day, with chuck cuts leading the market lower. Learn what this demand shift means...

Palm oil markets face competing pressures as policy shifts collide with tightening supply signals

BMD crude palm oil declined to $1,026/mt as Argentina's temporary tax suspension triggered soybean oil sales, while Malaysian production...

Coffee prices increase on inventory drawdown after technical selloff

Coffee futures rallied sharply after ICE certified stocks fell 11.5% in less than a week, reversing a technical selloff. Market volatility...

European whey protein concentrate hits price ceiling as production declines persist

WPC80 prices stabilize at €12,150/mt in Europe while US markets climb higher. Production down 10%+ across regions as processors...

Coconut oil prices drop $240/mt as demand weakens across key markets

Coconut oil prices decline sharply at origin as demand weakens and Philippine exports drop significantly, with improved production outlook...

Global butter prices plummet as oversupply hits all major markets

Butter prices collapse below 10-year averages as milk production surges 5.44% in US and 2.46% in New Zealand. Food manufacturers face...

Ukrainian rapeseed export delays drive European oil prices higher

Rapeseed oil prices rise as Ukrainian export disruptions limit supply during harvest season, while Canadian production increases promise...

EU deforestation rules create compliance challenges for cocoa exporters

EU deforestation regulation poses major compliance challenges for cocoa exporters requiring complex tracking systems, though a possible...

EU sugar prices tumble €25 per tonne as harvest outlook brightens

European sugar markets experienced a sharp correction this week, with prices falling approximately €25 per tonne across the EU beet belt as exceptionally...

Starch markets show mixed signals as industrial demand softens

September starch market analysis reveals potato oversupply pressures, strong tapioca demand from Chinese manufacturers and...

US dairy prices tumble as global competition intensifies

US dairy prices tumble with butter at $1.805/lb as European markets weaken. Global competition and EUR/USD currency shifts create downward...

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.

Raw sugar futures break below 16 cents as Brazilian mills weigh ethanol shift

Sugar futures drop to 15.9 cents amid supply pressures and negative positioning, while Brazilian mills weigh shifting to more profitable...

US wholesale beef prices drop nearly $9 as demand weakens beyond seasonal norms

US wholesale beef markets face significant pressure with choice cutout prices falling nearly $9 last week and further declines expected as...

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

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

Rapeseed oil prices increase on Ukrainian export disruptions and strong rival oils

Rapeseed oil rose EUR 20/mt to EUR 1,081/mt as unclear Ukrainian export mechanisms and rival vegetable oil strength provide support.

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

US butter prices fell through $2/lb support level during bearish dairy trading week. Milk production up 3.45% YOY drives butter down 39%...

European sugar harvest begins with mixed crop conditions and trade uncertainties

Europe's sugar beet harvest has commenced across most growing regions, with processing facilities ramping up operations amid a complex backdrop of variable...

Global dairy markets plunge as oversupply overwhelms demand across all categories

Global dairy markets plunge as unprecedented milk oversupply overwhelms demand. Analysis of butter crash, SMP weakness, and production cycle implications.

Rapeseed supply expands while sunflower markets tighten amid harvest delays

Ukrainian sunflower crop drops to 13.56 mmt while rapeseed forecasts rise 700k mt in Australia. Palm oil gains $20/mt on Malaysian supply concerns. Analysis.

Whey markets return to familiar patterns as protein concentrates dominate demand

Whey markets settle into familiar patterns as WPC80 dominates demand while permeate and lactose struggle. Analysis of Q4 positioning and trade flows.

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.

Euronext to use Vesper Price Index in new Dairy Futures contracts

Vesper is excited to announce the launch of Euronext Dairy Futures contracts, to go live in 2026 (subject to regulatory approval). These contracts will...

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.

European cheese markets join widespread dairy price declines as buyers retreat

European cheese markets drive widespread dairy price declines as buyers delay purchases. Cheddar, Gouda, Mozzarella, and Emmental...

Canadian canola exports to EU face certification bottleneck while trade tensions with China persist

Canadian canola exports to EU may be capped at 2-4 MMT due to biodiesel certification requirements, forcing exporters to redirect volumes.

Côte d'Ivoire cocoa crop faces weather challenges as rain distribution remains uneven

West African cocoa regions experience mixed rainfall patterns. Côte d'Ivoire sees uneven distribution while Ghana records...

China's sugar imports surge while Inner Mongolia records heaviest rainfall since 1956

China's July sugar imports jumped to 740,000 tonnes as record rainfall in Inner Mongolia threatens 30% beet crop losses.

European butter prices drop to €6,700/mt as supply surplus reaches 56,500mt

European butter prices drop to €6,700/mt as supply surplus reaches 56,500mt. Global butter markets decline across all regions with buyers...

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.

Coconut oil prices increase at origin amid supply constraints

EXW Manila coconut oil prices surge amid copra supply shortages and reduced Philippine exports. Market analysis shows price recovery from...

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

Coffee futures increased by 44 cents last week to $3.78/lb as roasters increased buying by 17%. Analysis suggests volatile trading ahead...

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

Ivory Coast reduces cocoa export contracts to 1.2 million tonnes as severe drought and disease impact crop quality.

US milk production reaches highest growth since 2021 as southern states lead expansion

US milk production reaches strongest growth since 2021 with western states up 3.59% year-over-year. Southern regions maintain 7.5%+ growth...

Brazil cuts sugar production forecasts as yields decline

Brazil's Center-South region trims sugar output estimates to 40.9-41 million tonnes due to lower agricultural yields and declining TRS...

European cheese markets show widening price spreads

European cheese prices show €500/mt spreads between buyer bids and seller offers. Cheddar, gouda, and mozzarella markets face pressure as...

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.

USDA corn estimates surprise markets with massive production increase

USDA surprises corn markets with 16.7 billion bushel production forecast, pushing futures to new lows. Check out the latest corn prices.

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.

Dairy fat prices correct lower as milk production increases globally

Global dairy fat prices face downward pressure from record milk production while whey protein markets enter tight Q4 purchasing window.

Cocoa: weak demand is priced in, supply problems not

Cocoa futures increase 10% on weather reports while confirmed demand destruction barely moves prices. Mondelez sales drop 3.4%...

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.

Delayed flock refreshment keeps older hens in European production, constraining supply and quality

European egg producers keep older hens in production longer due to delayed flock refreshment from hatchery bottlenecks

Sugar contract negotiations see delayed activity in European market this year

European sugar contract negotiations lag behind historical patterns as elevated 2024 production levels create higher stock availability...

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.

Corn oil prices rise $60-130/MT as Middle East tensions drive up energy and shipping Costs

Corn oil prices increase $60-130/MT from June levels, while global corn production reaches record 1.265 billion metric tons.

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.

CBOT soybean prices reach new lows amid China demand concerns

CBOT soybean prices hit new lows at 969 cents/bushel as China plans 10MT import cuts. Weather volatility expected in 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 dip below €7000/mt amid high supply, soft demand, and cautious seller behavior | Vesper

How EUR/USD exchange rate shifts are affecting global dairy prices

Discover how recent EUR/USD exchange rate movements are influencing European dairy prices and global trade dynamics.

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.

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?

U.S. butter prices are under pressure from oversupply, while European and New Zealand markets remain elevated.

U.S.–Japan trade deal secures key win for dairy exporters amid global market pressure

Learn how this deal provides critical relief for U.S. cheese, whey, and lactose producers facing global competition.

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

Vegetable oil markets show mixed signals as laurics reach historic highs

Latest vegetable oil market analysis reveals coconut oil reaching crisis levels at $2,700/mt while palm oil gains on reduced US tariffs.

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.

August 1 dairy tariffs set to reshape US import markets as European butter hits €7,000

July 21, 2025 - Vesper Market Intelligence With August 1 rapidly approaching, the impending dairy tariff increases are creating significant market tension...

Biodiesel prices edge higher as feedstock costs rise amid tariff deadline pressure

FAME0 gains $6/mt to $1,322/mt while UCO prices surge. HVO softens as August tariff deadlines approach. LSGO drops $84/mt on trade war fears.

Global dairy markets grapple with weakness and uncertain direction

Global dairy markets face widespread weakness across butter, milk powder categories. Analysis of uncertain market direction and changing fundamentals.

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

US President Donald Trump's proposal to impose 30% tariffs on European goods and the EU’s proposed countermeasures

USDA drastically revises soybean oil outlook as biofuel regulations reshape US demand

USDA projects record 15.5 billion pounds soybean oil for biofuels, cuts exports from 1.7B to 700M bushels. Palm oil and sunflower oil rally.

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.

US dairy markets stabilize as tariff extension removes immediate trade pressure

US dairy markets stabilize after tariff extension as heat wave impacts supply. Weekly analysis of CME trading, butter prices, and divergent export trends.

Biodiesel markets stabilize as "Big Beautiful Bill" reshapes North American feedstock trade

US biofuel law limits feedstocks to North America, challenging Chinese UCO and Brazilian tallow suppliers. LSGO rises $18/mt. Get Vesper's analysis.

European cheese markets adapt strategies as supply pressures mount across categories

European cheese markets face supply pressures as producers adapt strategies. Analysis of cheddar, mozzarella, gouda trading amid currency headwinds.

Sugar prices rally on strong export demand despite soft fundamentals

Sugar futures recover as Brazilian exports surge to China, India, and UAE.

Summer calm masks powder procurement urgency as egg markets stabilize

European egg prices resist summer drops while US processing hits 2025 highs. Powder buyers face mounting urgency as forward contracts resume at higher prices.

How rising coconut oil prices are driving up ice cream costs this summer

Rising coconut oil prices have pushed the cost of ice cream and production to soaring levels. What's behind the increase?

Cocoa markets face double pressure from weather relief and tariff uncertainty

Cocoa markets face volatility as West African weather improves but US tariff uncertainty persists.

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.

Vegetable oil markets rally as US biodiesel regulations and tariff threats reshape global trade

Palm oil and soybean oil rally as US limits biodiesel credits to North American feedstocks. Tariffs threaten global trade flows.

US dairy markets rally across all products as July 4th legislation drives optimism

US dairy prices surge across all CME products as new congressional legislation boosts markets. Butter and cheese hit production records in May data.

Biodiesel markets show mixed signals as geopolitical tensions support LSGO prices

FAME0 and UCOME rise on higher LSGO prices while RME drops on harvest pressure. HVO demand could quadruple in Germany.

European whey markets face demand drought as Chinese buyers return to US suppliers

European whey markets face challenges as Chinese buyers return to US suppliers. Analysis of sweet whey powder, protein concentrates, and trade dynamics.

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.

Cocoa prices drop as Ghana boosts crop forecast, but weather risks loom large

New York cocoa falls to $9,000 as Ghana increases crop forecast 8.3%. Côte d'Ivoire arrivals up 5.7% but rainfall concerns persist in West Africa.

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.

Vegetable oil markets face pressure as Brent crude weakens and supply forecasts rise

Palm oil, soybean oil, and rapeseed markets decline as Brent crude drops to $67.61/barrel. Get expert analysis on supply forecasts.

Biodiesel prices rebound after sharp decline on Middle East ceasefire

Biodiesel markets recover from ceasefire-driven selloff as European regulations reshape HVO and UCO demand.

Egg powder producers face mounting pressure as shell prices remain firm

European egg markets resist summer price drops while US processing hits 2025 highs. Powder producers face mounting pressure as shell egg prices remain stable.

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

Sugar prices under pressure as energy markets shift: What traders need to know

Sugar futures decline as oil prices drop and energy-ethanol dynamics shift. Get expert analysis on Brazil production and EU crop risks.

Cocoa market shows signs of recovery as West African rains improve crop prospects

Cocoa futures drop 15% as West African rains improve crop prospects. Analysis of supply recovery, smuggling challenges, and market outlook.

European sugar market faces weather challenges as 2025-26 pricing negotiations begin

European sugar beet production faces extreme weather as 2025-26 price negotiations begin. Import dynamics and drought concerns shape outlook.

Vegetable oils market declines as Middle East tensions cool

Palm oil, soy oil, and rapeseed prices fall as crude oil drops $5/barrel amid Israel-Iran ceasefire. Get Vesper's Week 26 market analysis.

Biodiesel prices strengthen on geopolitical tensions and EPA mandate boost

Biodiesel markets strengthen as Iran conflict drives energy costs higher and EPA proposes 5.61B gallon biofuel targets.

Cocoa markets find stability as weather shifts from drought to flood concerns

Cocoa futures find stability after volatile period, but excessive rainfall in Côte d'Ivoire and Ghana raises new supply concerns.

Dairy markets face pricing pressures as butter strength contrasts with powder weakness

Latest dairy market analysis shows butter prices holding firm while milk powder markets weaken.

Global whey markets navigate trade uncertainty as Chinese demand shifts between US and Europe

Latest whey powder market trends as Chinese demand shifts between US and Europe. Expert analysis on WPC80, SWP, and WPI.

US dairy markets retreat from recent highs as seasonal patterns emerge

Latest US dairy market update shows cheese prices pulling back from highs while trans-Atlantic protein spreads remain wide.

Vegetable oil prices surge as geopolitical tensions and biofuel mandates drive market volatility

Vegetable oil markets surge as Brent crude hits $73.23/barrel amid Israel-Iran conflict and EPA proposes higher biofuel 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.

Biodiesel prices surge as ISCC certificate suspension rocks European market

Biodiesel prices surge as ISCC certificate suspension hits major European producer.

Cocoa market enters "silly season" as weather uncertainty and policy volatility create perfect storm

Cocoa market enters volatile "silly season" with 20-year low liquidity, weather uncertainty in West Africa, and policy 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.

Sugar prices hit four-year low as global surplus outlook emerges

Sugar futures hit lowest levels since 2021 as global surplus emerges. Brazil production recovers while European markets face mixed signals.

Vegetable oil markets face supply uncertainty as rapeseed crops disappoint

Rapeseed crops disappoint as EU production cut to 18.6M tons. Palm oil pressured by Malaysian inventory while soy complex gains on energy rally.

Butter breaks $2.50/lb as US celebrates national dairy month amid mixed production signals

Butter breaks $2.50/lb as US celebrates national dairy month amid mixed production signals.

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.

Cocoa markets remain volatile as ICCO widens global supply deficit to 494,000 tons

ICCO expands cocoa deficit forecast amid West Africa crop quality concerns. Futures hit $10,974 before pullback.

Dairy markets surge as peak milk season ends, butter prices trigger buyer anxiety

Dairy markets rally as Northern Hemisphere exits peak milk production. Butter hits €7,500/mt amid supply fears. Raw milk, cream prices jump.

Global Vegetable Oil markets face tariff turbulence and weather uncertainty

Vegetable oil prices volatile as 50% EU tariffs flip daily while weather threatens crops. Palm, soy, rapeseed & sunflower oil analysis + AI forecasts.

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

China purchases 2.5M tonnes raw sugar exhausting import quota while Thailand's production outlook strengthens.

Biodiesel markets face mixed pressures as feedstock dynamics shift in late May 2025

Biodiesel prices show mixed trends as UCO imports surge 17% and RME strengthens on rapeseed concerns.

Global Egg markets show signs of stability as Avian Flu pressures begin to ease

European egg prices defy seasonal expectations while US markets correct following Memorial Day. Avian flu impacts ease as markets show cautious optimism.

US dairy markets show strength amid VUCA environment as Butter prices surge $0.16/lb

US dairy markets rally as butter prices surge $0.16/lb following unexpected cold storage data. NFDM and dry whey gain on weak dollar.

European cheese markets show signs of tightening as Q3 demand accelerates

European cheese prices stabilize as Q3 buyers return to market. Mozzarella hits €4,130/mt, production concerns loom.

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/lb.

Palm oil prices decline as Malaysian production growth slows in week 22

CPO futures decline while Malaysian palm oil exports surge 11.63%. Production growth limited to 0.73% in May as Indonesian shipments jump 33%.

Cocoa market volatility continues: July futures swing nearly 19% in historic trading week

July cocoa futures hit $10,898 after 19% rally, then crashed 10%. Analysis reveals 20-year low liquidity, 3.5% demand drop, and West African supply gamble.

Cocoa market watch: Rally faces headwinds despite supply concerns

Latest cocoa market analysis shows futures retreating from 3-month highs despite quality issues in West Africa.

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

Latest VPI shows European butter at €7,200/mt while SMP retreats to €2,380/mt.

Prices hold firm despite LSGO decline

Prices hold firm despite falling LSGO values as Greenergy suspends UK operations and US grants 163 Small Refinery Exemptions.

Renewable diesel targets and regulatory nucertainty

Potential 4.65B gallon renewable diesel target falls below industry proposals, while EPA delays 2026 mandates and considers 161 small refinery exemptions.

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.

Biodiesel market watch week 20: UCO prices under pressure on higher supply to EU

Our Week 20 biodiesel market analysis reveals weakening UCO prices in China and Europe despite 16.8% higher EU imports.

US dairy market weekly: Cheese prices surge amid trade deal developments

Discover how the new US-China trade agreement is driving a $0.12/lb cheese price rally and creating export opportunities for US dairy producers in our latest ma

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

Sugar market analysis: Short-term volatility amidst long-term pressure

Vesper's latest sugar market analysis reveals short-term price support from Brazil's 53% production drop, while long-term bearish pressure looms from India and

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 trade tensions create pricing arbitrage opportunities in global dairy markets

Latest Vesper Price Index reveals significant arbitrage opportunities in global dairy markets with EU WPC80 prices 33% higher than US. Discover how shifting tra

Global oils & fats market faces headwinds amid economic contraction and supply chain shifts

Explore Week 19's oils & fats market trends: US economy contracts 0.3%, Brent crude falls to $60.23, Malaysian palm stocks rise 15% while Indonesian exports dro

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

CBOT Soybean Oil Reclaims Premium Over BMD Crude Palm Oil After Prolonged Discount

In a shift observed across the edible oil markets, soybean oil prices have moved above palm oil prices , reversing a trend where palm oil held a higher...

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.

Biodiesel markets react to Trump's tariff pause

Biodiesel markets rebound as Trump pauses tariffs for 90 days while escalating China trade war to 125%.

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.

Global vegetable oil markets disrupted by Trump's 10-50% tariff policy: Palm, Soy, Rapeseed, and Sunflower Oil impacts

Discover how Trump's new tariff policy is disrupting global vegetable oil markets with our expert analysis.

Dairy market turbulence: Navigating uncertainty in global Butter, SMP, and WMP markets

BREAKING: US tariffs trigger dairy market chaos. Our analysis reveals current butter, SMP & WMP price disparities.

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.

Global biodiesel markets brace for impact as Trump imposes sweeping tariffs

New Trump tariffs of up to 54% on China trigger 44% retaliatory tax on US soybeans while threatening 2.5MMT of UCO imports.

Global dairy markets face perfect storm: US tariffs, FMD, and supply imbalances

Discover how new US tariffs, China's retaliation, and European FMD cases are reshaping global dairy trade patterns.

Biodiesel markets shaken by Trump's new tariff policies

President Trump's economic emergency declaration introduces tariffs up to 54% on biodiesel imports, threatening Chinese UCO supply chains while creating opportu

Biodiesel market sees positive shift as prices rise and feedstock costs decline

The biodiesel market sees renewed optimism with rising prices and improved margins as waste feedstock costs decline.

Butter finds buyers while powder markets struggle

Latest dairy market analysis shows European butter selling rapidly despite price adjustments, while SMP and WMP markets struggle with weak global demand.

Whey protein markets: diverging paths between concentrates and sweet whey powder

Latest whey market analysis reveals supply constraints driving WPC80 and WPI prices, while sweet whey powder buyers remain hesitant ahead of Q2.

US dairy market update: FMD concerns, cheese prices fall amid production shifts

Latest US dairy market analysis shows declining cheese prices despite regional production growth, while FMD crosses borders in Europe.

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

Palm oil trading volumes decline as prices remain uncompetitive. Vesper forecasts CPO at $1,000/mt from April.

Coconut oil prices surge amid supply constraints and rising global demand

Coconut oil prices surge to $2,306/mt as Philippine copra shortages meet record US/European demand. January exports reach 140K mt high.

Canola Market Faces Pressure: MATIF Rapeseed and ICE Canola Prices Tumble Amid China's Tariff Implementation

MATIF rapeseed and ICE canola prices tumble as China imposes 100% tariff on Canadian canola products. European markets brace for influx while Australia raises p

Trade wars trigger global vegetable oil price decline: Vesper's week 10 market analysis

Trump's tariffs drive global veg oil prices down despite tight Malaysian palm stocks. Bearish outlook for palm oil through 2025.

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.

Inside the Cocoa market: preventing a drop in demand amidst volatility

Discover key cocoa market trends, from supply shifts in Ivory Coast to changing chocolate demand and price volatility. Get insights for 2025.

Biodiesel market update: prices decline amid increased Asian supply

Week 8 biodiesel update: Prices drop as Asian imports impact demand. Stay informed on feedstock trends and biofuel policy shifts.

Vegetable oils market analysis – week 8: palm oil prices drop amid lower Indian imports

Palm oil prices drop as India’s imports hit a 14-year low, while Indonesia’s exports surge. Get the latest market insights.

Palm Oil market surges as stocks fall short of expectations

Palm oil prices surge as Malaysian production and stocks fall below expectations, while Indonesian exports drop sharply. Explore the market impact.

Egg Prices Increase Amid Avian Influenza Crisis: What You Need to Know

Egg prices are skyrocketing as Avian Influenza disrupts global supply chains. Discover to what extent egg shortages are worsening.

Key Drivers Behind the Rise in European White Sugar Prices and What to Expect in 2025

Explore the latest European white sugar prices, the key factors behind their rise, and what to expect in 2025.

The Global Impact of Foot and Mouth Disease (FMD) on the Dairy Market

Explore the impact of Foot and Mouth Disease (FMD) on the global dairy market, from price shifts and buyer preferences to trade bans.

Global Biodiesel and Vegetable Oil Markets See Mixed Movements Amid Political and Economic Developments

Explore the latest trends in biodiesel and vegetable oil markets, including price drops, regulatory updates, and global supply forecasts.

How the Dairy Market is Reacting to Foot-and-Mouth Disease in Germany: Impact on Butter, SMP, and WMP Exports and Prices

Explore how foot-and-mouth disease (FMD) in Germany is disrupting the dairy market. Get insights on the impact on butter, SMP, and WMP prices

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 over the course of 2025. Vesper’s ML Forecast for BMD CPO (USD/mt) The...

Whey Protein Prices Remain High: Market Adjustments and Geopolitical Tensions

Geopolitical uncertainty and shifting market dynamics impacting the whey protein market. Get insights on the 2025 outlook and price trends.

Butter Market Faces Uncertainty: Price Declines and Bumpy Road Ahead

Explore the uncertainty in the butter market, with expected volatility ahead. Stay informed on what is shaping the 2025 outlook

Global Sugar Market Update: Pressure on global prices persists

Pressure on global sugar prices, production declines in Brazil & Europe, and the outlook for 2025. Stay informed with Vesper.

Heavy Rains and B40 Mandate Drive Palm Oil Prices Higher, RKS Insights Is Bullish

Explore why palm oil prices are rising, with insights on the B40 policy and RKS market outlook. Stay ahead with the latest palm oil trends.

Biodiesel Market Update: Key Trends Driving Price Dynamics

The biodiesel market is experiencing notable shifts, with key factors shaping pricing and demand trends across regions. Biodiesel Prices Decline Amid Softer ...

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

European Sugar Market Update: Is Now the Optimal Buying Window? Discover the latest on Europe’s sugar beet yield forecast...

3 Key Drivers Behind Rising Palm Oil Prices

Palm oil prices surge as Malaysian supply tightens and demand rises, boosted by bullish market sentiment from the IPOC.

4 Key Factors Driving Biodiesel Prices to New Highs

Discover the top 4 factors driving biodiesel prices to new highs, from increased demand and German regulations to supply disruptions.

U.S. Clean Fuels Tax Credit (45Z) Guidance Looms, Poised to Shake Up Vegetable Oil and Biofuel Markets

Explore the 45Z tax credit's impact on biofuels, U.S.-sourced feedstocks, and global vegetable oil trade as industry awaits new guidance.

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. Explore the impact on global oilseed markets.

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.

Cheese Market Update: Prices Fall as Milk Supply Concerns Ease

Cheese prices drop as milk supply stabilizes in Europe and North America. Market outlook predicts price stabilization in early 2025

Sugar Prices Remain Elevated as CS Brazil Falls Short: Discover How Future Forecasts Impact the Market

CS Brazil’s sugar production drops by 16.21% YoY in September, due to unfavorable weather and lower cane crush.

POME Market Update: Price Movements and Regulatory Changes

The latest insights on BMD Crude Palm Oil prices, Malaysia's palm oil stocks, and rising POME prices and Indonesia's new export regulations.

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.

How Middle East Tensions Are Shaping the Biodiesel and Feedstock Markets

Explore the latest trends in the EU biodiesel and feedstock markets, influenced by fluctuations in LSGO prices amid Middle East tensions.

Palm Oil Hits Yearly High Amid Surging Brent Crude Prices

Palm oil prices hit a yearly high as Brent crude oil surges by 12.1%, driven by Middle Eastern geopolitical tensions.

Lower Sugar Production Forecasts: Where Will Q1 2025 Supply Come From?

Brazil’s recent drought and fires have reduced sugar production estimates for the 2024/25 season to 39 MMT, down from 40 MMT.

Wild Price Swings and Uncertainty within Gouda and Butter markets

Dairy market volatility is on full display, with butter and gouda prices experiencing dramatic swings. This week, prices fluctuated rapidly...

EUDR-compliant S.G. Low Moah Crude Palm Oil Benchmark Rises Week-Over-Week

Discover the latest trends driving Vesper's EUDR-compliant S.G. Low Moah Crude Palm Oil Benchmark upwards.

Brazil's Sugar Industry Faces Pressure from Fire Outbreaks and Dry Conditions, Impacting Production and Prices

Brazil's sugar production faces challenges as fires and dry conditions hit the Center-South region, lowering output and driving up prices.

India's Import Duty Hike: Impact on Global Vegetable Oil Prices

India raises import duties on edible oils, impacting palm oil and global vegetable oil prices. Download our market highlights for free.

European Butter Prices Hit Record Highs – What Do Butter Price Forecasts Say?

European butter prices reach an all-time high of €8000/mt. Discover key factors driving this rise and what butter price forecasts predict.

Vegetable Oils Prices Down as Brent Crude Oil Hits Lowest Level This Year

Brent crude oil hits a yearly low, leading to a decline in palm oil, soybean oil, and other vegetable oil benchmarks. View the latest prices.

Cheese Market Stabilizes After Surge: What Buyers Need to Know About Price Trends and Forecasts

Discover current price trends for Cheese - After a rapid surge, cheese prices have stabilized, raising questions about sustainability.

Rising Global Sugar Deficit Forecasted

Discover how recent policy shifts in India and severe fires in Brazil are impacting sugar supply - forecasted deficit of 3.58 MMT for 2024/25.

BMD Palm Maintains Tight Spread with CBOT Soy Oil Amid Historically Low June and July (est. by Vesper) Indonesia Stocks

Explore how BMD palm oil prices are maintaining a tight spread with CBOT soybean oil amid supply and demand shifts in Indonesia.

Sugar Market Faces Uncertainty Amid Brazilian Drought and Fires: Brazilian Price Forecasts Signal Continued Volatility

The Brazilian sugar market faces uncertainty as fires and prolonged drought in key sugarcane regions impact production.

Record High Cream Prices Propel European Butter Market to New Heights: Price Forecast Indicates Further Increases

European cream prices have hit record highs, exceeding €10,000/mt, pushing butter prices to all-time peaks.

Animal Fats Prices Fail to Grow with Veg Oil Prices Due to Pressure from Low Demand

Discover why vegetable oil prices are rising due to global factors, while animal fats struggle with low demand.

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.

Is the Global Sugar Market on the Brink Amid Mounting Uncertainties?

Explore the latest insights on the global sugar market's volatility amid Brazil's drought and policy uncertainties in India.

Milk Prices Expected to Stay High Due to Worldwide Supply Constraints

Discover how rising temperatures, bluetongue disease, and a reduced dairy herd are driving milk shortages and price increases.

Will CBOT Soybean Oil's Bearish Price Trends Persist Following WASDE's Bearish Soy Update?

Uncover the reasons behind the CBOT soybean oil price drop and how supply, farmer actions, and market sentiment could impact future prices.

European Cheese Market Sees Price Increases and Potential Tight Supply in Q4 2024 according to Price Forecasts

Discover the latest trends in the European cheese market as Gouda, Emmental, Mozzarella, and Cheddar Curd experience significant price hikes.

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.

Weather Drives Volatility in CBOT Soybean Prices: Discover Vesper's AI-Driven Price Forecasts for the Next Six Months

Discover how weather and geopolitical events are impacting CBOT soybean prices, and learn what Vesper's price forecasts are predicting.

More Attention to Sustainable Aviation Fuel as EU Excludes It from Antidumping Duties

Discover how the European Commission's latest anti-dumping measures impact biodiesel markets and why SAF is gaining strategic importance.

GDT Auction Sees Modest Increase in Price Index, Driven by Fats and Cheddar

The latest GDT auction shows a modest 0.4% increase in the price index, driven by milk fats and cheddar, while milk powders declined.

Trump Sends CBOT Beans to Multiyear Lows?

Soybean oil prices dropped significantly, due to the increased likelihood of Trump winning the US elections.

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.

GDT Event Sees Significant Price Declines Across Dairy Products

Global Dairy Trade (GDT) event sees significant price drops across dairy products, including butter, SMP, and WMP.

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

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

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

As of June 19, 2024, the EU Vesper Price Index (VPI) for butter stands at €6600 EUR/MT. Discover the price drivers here...

Weather shifts ahead: La Niña’s impact on the global sugar market in 2024

Discover how La Niña's 80% likelihood in the second half of 2024 can impact the global sugar market production.

European biodiesel prices are strengthening due to strong LSGO prices

Discover how rising LSGO demand and potential Dutch policy changes are driving up European biodiesel prices.

Biodiesel Prices Drop from Highs Amid LSGO Decline

Despite a recent decline, biodiesel values remain elevated, influenced by the Israel-Hamas conflict and OPEC+'s production decisions.

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

Learn how tight supplies, lower production, and high demand are influencing prices in the EU, US, and New Zealand.

Accelerated Sugarcane Milling in Brazil and Its Global Impact

Discover how dry weather has accelerated sugarcane milling in Central-South Brazil, boosting sugar production and impacting global markets.

Rapeseed complex is stronger w-o-w on weather worries

Discover how adverse weather conditions in key regions are driving up rapeseed and canola prices. Explore the latest price increases here.

Dairy Market: European liquids prices are through the roof, with cream reaching extremely high

Discover the latest trends in the European dairy market. Declining milk production and more buyers influencing butter, SMP, and WMP prices.

Global Sugar Market: Futures Slide as Supply Pressures Ease

Discover the latest trends in the raw sugar market, which saw a 4.6% decrease, now trading at 18.6 cents per pound—lowest since November '22.

Palm Oil Update: Higher Freight Rates and Improved Production

Stay informed with the latest in the palm oil market. Explore the impact of increased freight rates and enhanced production on the industry.

Biodiesels and feedstock up, EU biofuel processing margins still tight

The latest in EU biodiesel dynamics: Prices firm amid rising feedstock costs and tight margins, with transport challenges affecting market

Global Palm Oil Prices Slide Amidst Recovering Production and Export Challenges

Explore the decline in global palm oil prices due to increased Malaysian production and reduced exports, impacting stock levels.

Biodiesel Market Update: Feed Prices are Firm, but the Trading Activity is Limited

Biodiesel market update: EU biodiesel prices drop amidst increasing Argentine SME imports, while feedstock price remain stable.

Dairy Market Update: Fluctuations in Liquid Milk Prices

Understand the trends affecting raw milk, cream, SMC, and whey concentrate prices, and discover the implications of regional price variations

Prices plunge in the sugar market, as supply concern fades

Sugar prices fell sharply last week, returning to January 2023 levels as supply concerns. Get detailed insights on price changes here.

Prices for Biodiesel Fall due to High Crude Oil Supply

Understand the impact of high crude oil supplies, gasoil market shifts, and feedstock price declines on biodiesel markets.

High Global Demand Tightens Butter Market, with Cream Prices Hitting Yearly High

Discover the European butter market's challenges: supply shortages, record-high cream prices, and rising global demand tightening the market.

Biodiesel and Feedstock Experience a Downward Trend, but Freight Costs are Still of Concern

Explore the latest trends in the biodiesel and feedstock market, with significant reductions recorded in our pricing index.

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.

The 24/25 CS Brazilian sugar cane crop season off to a robust start

Discover the latest updates on Brazil's sugar cane crop season. Despite weather challenges, production levels surged in March.

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

Discover how RME, UCOME, FAME 0, and HVO (UCO) prices have soared in response to policy changes and market dynamics.

Impact of O.N.I.L. volumes on global SMP market

Discover the impact of the O.N.I.L tender volumes on the global SMP markets. The EU Vesper Price Index (27/03/2024) for SMP rose to...

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.

Diverging production outputs from global sugar markets

Dubai & Datagro Conferences reveal a lower cane availability in CS Brazil, while India's pivotal export changes affect global sugar prices.

Crude palm oil prices inch up on the MPOB report

Discover the impact of production drops, export declines, and stock reductions on crude palm oil prices according to the latest MPOB report.

Waiting for the Sugar Market to be Bullish in 2024

Explore the latest dynamics in the sugar market: price decline triggered by Brazilian sugar production forecast.

The Relationship between Biodiesel Prices Increases and Used Cooking Oil

Discover the latest dynamics in the EU biodiesel market with a notable uptick in prices across RME, UCOME, and FAME0 indices.

EU Sugar Production Forecast for 2024/2025, including Pricing Insights

Stay ahead with our EU Sugar Production Forecast for 2024/2025. Get insights into beet cultivation, market trends, and price indices.

Will EU palm oil prices stay at a premium to other vegetable oils?

Discover how the Red Sea crisis and high origin prices impact palm oil prices. Will EU palm oil prices stay at a premium?

Exploring the Latest Sugar Market Sentiment: Outlook and Trends

Explore the latest Sugar Market Outlook trends: Global sugar prices exhibit stability amid minimal fluctuations.

Global sugar prices: a temporary standstill or a prelude to change?

Global sugar prices: Uncover the key factors that led to a substantial recovery in the sugar market in January.

Palm Oil and Soybean Oil Prices: Latest Updates and Future Projections

Stay updated on palm oil and soybean oil prices, with insights from the latest MPOB report and impact of mineral oil price.

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.

Biodiesel prices are now at their lowest levels since June 2023

Biodiesel Prices Plummet: Discover the four reasons behind the decrease in biodiesel prices, now at their lowest levels since June 2023.

Adjusted Indian sugar production forecast for the 23/24 season due to better-than-expected January yields

Check out the latest sugar yields and their effect on India's sugar production forecasts - a narrowing gap in sugar production.

Vegetable oils, except palm oil, have weakened since the last report, influenced by the Red Sea crisis and a bumper soybean supply.

Impact of Red Sea Crisis and Bumper Supply of Soybeans: Weakend Vegetable oils, compared to the previous report.

Weakened EU biodiesel complex due to sluggish demand and an increase in feedstock prices

The EU biodiesel complex has weakened since the previous report. Check out the latest price for RME, FAME, UCOME, and UCO here.

Weaker European Cheese Market due to Inactivity

Explore the current state of the European cheese market, facing a downturn due to inactivity among buyers and suppliers.

Soybean oil complex strengthens on massive new Phillips 66 renewable diesel plant

Explore how the soybean oil complex strengthens on the massive new Phillips 66 renewable diesel plant and more...

Unexpected Biodiesel Price Decline Amidst LSGO and Vegetable Oil Increase

Explore why the biodiesel prices have weakened since the previous report, through input from Vesper's global network.

Dairy market insights: Price gaps for butter and powder are decreasing among the major producing regions

Explore the latest dairy market update revealing a significant reduction in butter price gaps across major regions (Europe, Oceania, US).

Biodiesel market update: Growing interest to buy, yet making consensus on pricing remains a challenge

Biodiesel market update: Explore the impact of higher LSGO prices and buying demand on the biodiesel complex

Vegetable oil market update: Global palm oil and soybean oil prices up on bullish MPOB and neutral-slightly bullish WASDE report

Vegetable oil market update: Discover the impact of increased Brent Crude Oil prices and bullish MPOB and WASDE report on prices

Sugar market trends 2024: Growing Reliance on Center-South Brazil

Sugar market trends 2024: Explore the balance between global sugar stocks, historically low sugar prices and supply and demand uncertainties.

Soybean Oil Market Update: Soybean Oil Prices Weaken on Improved LATAM Weather and Slow Demand

Soybean Oil Market Update: Get insights into recent price shifts, market projections, and the upcoming WASDE report.

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.

Vesper's Biodiesel Market Insights: Mixed European Biodiesel Prices

Vesper's Biodiesel Market Insights: explore the mixed European Biodiesel Prices in 2024 with Vesper's Market Highlights.

European sunflower oil Market Update

Explore the latest developments in the European sunflower oil market, including price trends and producer responses in Ukraine.

Global palm oil market experiences price decline amidst lower export figures and falling brent crude Oil prices

Discover how decreased exports from Malaysia and falling Brent Crude Oil prices are impacting palm oil and palm kernel oil prices.

European crop faces delays as main producers grapple with flooding and above-average rains

Explore the latest challenges in North West Europe's sugar harvest due to storms and saturated ground.

Rising cheese prices linked to decreased market liquidity

Discover the latest updates on European cheese prices using our Vesper Price Index.

Biodiesel up on stronger LSGO and improved buyers' interest

Explore the latest increase in the European biodiesel complex as prices for RME, UCOME, and FAME 0 experience notable increases.

Gouda quotations pull others up, but will it slide down itself?

Explore the dynamics of Gouda cheese prices and their impact on the market. Understand the implications and the potential shifts in pricing.

Rise in CBOT Soybean Oil prices and the Vesper Argentina Forward Price Index for Crude Soybean Oil

Explore the recent rise in CBOT soybean oil prices, driven by bullish US soybean oil numbers and supply challenges in Brazil.

Whey: availability is the key difference

Explore the evolving landscape of the whey protein market, as WPC80 and WPI experience an increase in prices.

Sluggish demand within the European diesel and biodiesel market in Q4

Explore biodiesel trends: RME prices rise, UCO falls, with Vesper's precise pricing data and market Highlights shaping your strategy.

Palm oil market update: global price increases

Get the latest on palm oil prices, MYR factors, and Indonesia's export scene in our comprehensive October 2023 market update. Stay ahead!

Factors contributing to the global decrease in rapeseed oil prices

Discover the latest sentiments in diesel and biodiesel demand with Vesper, and see how economic shifts affect the vegetable oil market.

Cheddar prices throughout the EU have dipped below the price for Gouda

Understand the shift in EU Cheddar and Gouda prices with Vesper. Get data-driven insights to adapt your dairy trading strategy.

India extends export restrictions on sugar out of concerns about global sugar availability

Learn about India's extended sugar export restrictions with Vesper. Adapt your trading strategy based on global sugar availability concerns.

The whey market: the drivers behind the significant price jump

Discover what's fueling price surges in the European whey market. Gain insights into liquid whey, whey powders, and export dynamics.

Brazil's sugar boom and the impact of oil prices

Discover the Latest Trends: Sugar Prices on the Rise Due to Brazilian Output Surge and Middle East Conflict Impact on Oil, Hinting at a Potential Bull Market Ah

Palm oil market update: Declining prices for palm oil and palm kernel oil

Explore the latest developments in the palm oil market, including the factors driving declining prices. Discover the impact of Brent Crude oil prices, reduced d

Global sugar prices declined due to drop in Brazilian Real and crude oil prices

Discover why sugar prices have taken a hit, influenced by the weakening Brazilian real and falling crude oil prices. Get insights on Sugar No. 11 and Sugar No.

Biodiesel market sees an increase in RME and rapeseed oil prices

Read our full analysis on the vegetable oil complex including RME, UCOME, UCO, FAME 0 in the latest Vesper Highlights.

Malaysian BMD and European cash palm oil prices move in different directions

Discover the growing palm oil price discrepancy between Europe and Malaysia. The trend was due to several factors: higher export numbers coming from Malaysia, n

Bullish shift within the butter and whey market

Explore the bullish trends in the butter and whey market with Vesper. Get expert analysis to guide your investment decisions.

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.

Narrow UCOME-RME spread - more appetite for lower CFPP blends

Learn about the narrow UCOME-RME spread and its impact on CFPP blends. Vesper's insights help you adapt your commodity trading strategy.

Cheese Highlights: confusion, confidence, and cracks?

Navigate the complexities of the cheese market with Vesper's highlights. Understand confusion, confidence, and market cracks.

Biodiesel market update: UCOME and FAME 0 prices decline while RME prices rise

Since Vesper's last update a week ago, the European Union's biodiesel landscape has presented contrasting patterns. UCOME (FOB ARA) witnessed a 5% decline, sett

Mixed signals in the Vegetable Oil complex: a snapshot of the latest price trends

The global vegetable oil complex this week has presented us with a patchwork of fluctuations. With some oils such as palm, soybean oil (cash), coconut, and oliv

EU biodiesel is down w-o-w, Vesper hears large purchases of Chinese biodiesel

Learn about the EU biodiesel dip and Chinese market movements with Vesper. Adapt your trading strategy with our timely insights.

Logistical bottleneck keeps sugar prices elevated, as the global market leans on Brazil

Weather-related challenges in Thailand and India strain global raw sugar supplies, increasing reliance on Brazil. Sugar prices remain high due to logistical con

Here’s why the latest WASDE figures for the US soybean forecast 23/24 didn’t satisfy bullish expectations

Recent WASDE report figures for US soybean 2023/24 align with average trade estimates, defying bullish expectations, and leading to lower CBOT soybean oil price

Higher crude palm oil and palm kernel oil prices driven by El Niño weather concerns in Asia

Get the latest insights on export, production, and stock. Vesper anticipates a slightly bullish palm oil market.

Monsoon woes and production delays: price increase

Understand how monsoon woes and production delays are driving price increases. Vesper offers timely insights for your commodity investments.

Growing concerns about global demand for dairy products

Discover the Growing Concerns in the Dairy Industry: Will Milk Prices Hold Steady at $2350/mt? Uncover the Uncertainty Surrounding Dairy Demand and Commodity Pr

Indian milk production two years behind schedule, although growth is expected to return

Explore India's milk production trends, import shifts, and growth forecasts on Vesper. Get updated stats and global market insights.

China's milk production sees modest growth in 2022-2023

China aimed for 70% dairy self-sufficiency by 2020, reaching 66% by 2022. High milk prices drive growth, but recent drops pose challenges.

High cheese prices among weaker dairy complex: How much longer can the cheese market maintain its current prices?

Stay informed on cheese prices & trends, navigate fluctuating milk production's impact on valorisation & exports.

Export bans triggered by droughts in India

India's drought hits Maharashtra's sugarcane, sparking sugar export bans, rising prices. Get updates from Vesper.

Unfavourable weather conditions in the US and increased exports of palm oil from Malaysia firm prices

Crude palm oil prices rise on Malaysian exports and global factors, but a shift to bearish sentiment looms amidst economic concerns.

Prices firm on Indonesian biodiesel investigations by the EU

Explore the impact of EU investigations on Indonesian biodiesel in this article. European biodiesel prices increase following the launch of an anti-circumventio

Brazilian Real and Crude dips lower sugar prices

The sugar market has been experiencing a series of ups and downs, with prices recently retreating due to the weakening of the Brazilian real and a drop in crude

Palm oil prices decline, despite slightly bullish MPOB reports

While the report initially provided a degree of support to palm oil prices in the previous week, these gains proved to be short-lived. The decline came about du

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

Projected Global Shortfall Spurs Surprising Price Decline

Navigate the surprising dynamics of the global sugar industry in the face of projected deficits. Discover how key regions like Brazil, India, EU, Ukraine, and T

Cheese Highlights: just start very high, you can always settle for less

Master the cheese market with Commodity Intelligence - Vesper offers valuable insights into cheese market trends, pricing, and trade dynamics. Make informed dec

Vegetable oils navigate mixed trends amid weather-driven volatility

Explore the dynamic shifts in the vegetable oil market as palm, soybean, and sunflower oils react to diverse influences. Discover the rising trends in rapeseed,

Falling veg oils pressure biodiesel outrights

Discover how falling vegetable oil prices are affecting biodiesel outrights. Vesper gives you the insights to adjust your trading approach.

India's sugar market outlook: Monsoon's crucial role in alleviating production shortages

The sugar market surged with prices up by 38.58% due to tight supplies and disappointing cane yields in India, leading to reduced exports. Monsoon performance a

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

Brazil's Impressive Sugar Production Drives Prices Down

Discover why sugar prices have plummeted as Brazil's Center-South region witnesses a surge in production. Learn about the factors contributing to this trend and

Highlights on the global cheese market: The bigger the uncertainty, the bigger the premium

Global cheese market stabilises with balanced supply and demand, minimal price movement despite Q3 premiums.

Highlights on the global sugar market: Prices slump on the outlook of a massive Brazil crop

After 5 weeks of hiking sugar prices, it seems that the market was expecting further confirmation on the first production numbers from Center-South Brazil,...

Highlights on the Global Butter and Whey Market: Uncertainty-driven premiums cause more uncertainty

Sellers hold prices steady with ample outlets, while cautious buyers hesitate amid lower consumption risks in Q3 dairy market.

Highlights on the global cheese market: Uncertainty on the size of the increase

Dairy market anticipates Q3 price rises, but uncertainty prevails as premiums challenge buyers and sellers alike.

Global Sugar Market Update: Prices Drop Due to Anticipated Large Brazil Harvest

Understand the drop in global sugar prices with Vesper. Learn how Brazil's large anticipated harvest impacts your trading strategy.

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: Extension of the grain corridor at risk?

Central bankers who manage trillions in foreign exchange reserves are loading up on gold as geopolitical tensions force them to revise their investment...

Highlights on the oils & fats market: Falling food prices go hand in hand with bearishness

Explore recent geopolitical tensions: Taiwan-China military exercises, easing China-Australia trade conflict, and global food price trends.

Highlights on the global cheese market: A buyers’ market with low availability

Global dairy market favours buyers with falling prices amid increased availability and economic uncertainty.

Highlights on the global sugar market: Is the long-term bearish sentiment gone?

Explore with Vesper whether long-term bearish sentiment in the global sugar market has shifted. Make better-informed investment choices.

Increased EU-28 sugar imports from Ukraine due to competitive prices

Discover how competitive prices are boosting EU-28 sugar imports from Ukraine. Vesper provides insights for your trading adjustments.

Vesper's historical settlement graph indicates higher Brent Crude Oil prices after unexpected OPEC+ cuts

On April 2nd, the Organization of the Petroleum Exporting Countries announced to cut 1,16 billion barrels of oil per day from the market beginning in May...

Highlights on the Butter and Whey market: Is someone interested in proteins?

Dairy market sees strong supply in Northern Hemisphere, with production increases; demand uncertainty affects price stability.

Highlights on the Global Sugar market: Supply remains tight

Sugar prices rise due to supply concerns in Brazil, India, Thailand, Egypt, and Algeria export bans, plus UAE operational issues.

Highlights on the Cheese market: No pressure, and therefore no trades

The market feels quiet, inactive, and predominantly uncertain at the moment. A period of increased activity is behind us, while the future is still a black...

Highlights on the Butter and Whey market: What will we do with all these liquids?

Week by week, there is more milk coming in on the Northern Hemisphere. The spring milk flush is getting started, which keeps on pushing milk into the dairy...

Highlights on the global Cheese market: The ‘classic’ stand-off full of hesitancy

Prices have managed to climb up fast in February but have lost their momentum over the past weeks. Hesitation and later uncertainty have crept back into the ...

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

Remarkable news from China this week. The country, with steady economic growth over the past years, presented its economic plans. Li Keqiang, China's...

Big differences are starting to occur between European countries

Significant variations have emerged among European countries in terms of milk production. While the latest data indicates that EU28 milk production has...

Highlights on the Butter and Whey market: Volatile fats and weaker proteins

The global markets for Butter show an unseen degree of volatility, with 100’s of €’s being added or subtracted from the market price within hours. We will...

Highlights on the Global Sugar market: Brazil is in the picture, again

Dubai Sugar Conference shows mild bullish sentiment amid global market uncertainties and Brazil's tax changes.

Highlights on the global Cheese market: has the urge to buy subsided? Or is it just temporarily quiet?

Throughout the last weeks, buyers had to cover several nearby positions and were willing to lock in volumes further away, creating a price rally for some...

Highlights on the Butter and Whey market: Down, up, and then down again

When taking a look back at how much dairy prices decreased since their peak last year (e.g. EU Butter -40%, OCE SMP (Food) -40%, and US SWP (Food) -60%),...

Highlights on the Global Sugar Market: Stable present, bearish future

Sugar prices steady after India's lowered production forecast; Thailand's strong output supports export growth.

Highlights on the Oils & Fats market: Stability for now, bears on the horizon

A week after the devastating earthquakes that primarily hit Turkey and Syria, the enormous impact of it becomes clear. Already 36.000 people have died...

Farm-gate milk prices follow the commodity prices on their way down from record levels

In early 2022, milk production was at a deficit compared to the previous year. Weather was unfavorable, feed prices increased, and energy and fuel costs...

Can Europe's maximum refining capacity handle the projected importation of sugar cane?

EU faces 5% drop in sugar production, boosting sugar imports by 24% YoY. Can refineries cope with 2.0 MMT of cane sugar imports?

Highlights on the European cheese market: back to historically ‘average’ price levels.

Another two very bearish weeks in the European dairy market have pushed cheese prices lower and lower. Sellers have accepted lowering prices a couple of...

Highlights on the butter and whey market: prices are falling, but where to?

The bearish tone of the current butter, SMP, WMP, and whey powders market is partially caused by lower demand, driven by reduced consumption. This does not...

Highlights on the global sugar market: an expected surplus despite uncertainties

Global sugar market outlook positive with higher production forecasts, despite India and Thailand concerns.

Oils and Fats Highlights: Is the world economy waiting for China?

There is a large, hopeful spot amid Europe's economic troubles - the labour market. Despite the high inflation rates and energy prices hurting businesses...

Farm-gate milk prices; a driving force behind milk production estimates. A retrospect on European farm-gate milk prices and production, accompanied by 2023 projections.

Over the autumn of 2022, European farmers maxed out their milk production, as foreseen by the historically high farm-gate milk prices coops were offering....