EU news — Vesper

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?

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.

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...

Freight update: ocean rates near the top, new emission costs from July 1

Asia to North Europe ocean freight rates look to be peaking after six weeks of gains, as capacity stays tight and new EU emission surcharges take effect July 1.

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...

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...

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...

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....

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 ...

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...

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...

Vegetable oils hold firm on crude rebound and biofuel demand

Vegetable oil markets steadied this week, caught between a rebound in Brent crude and a long list of conflicting signals. Brent's August contract fell to a...

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...

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,...

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...

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...

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 ...

Ocean freight rates jump on early peak season while Hormuz stays shut for most

Container spot rates from Shanghai to Northern Europe rose 11% this week. Rates to the Mediterranean were up 20%. The move is driven by carriers pushing new ...

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....

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...

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...

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 ...

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...

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...

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 ...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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 ...

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...

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...

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...

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...

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...

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 ...

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...

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...

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...

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...

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.

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...

Weather anomalies raise risks across key sugar regions

Unusual weather patterns across Europe, Brazil, India and China raise production risks for sugarbeet and sugarcane as temperature and...

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

Arabica coffee futures fell to $2.83/lb as certified stock availability improved and roasters held back purchases. The Middle East conflict...

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.

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...

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...

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...

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...

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...

Blank sailings climb to 18% as carriers manage post-CNY capacity

Carriers have pulled 125 of 710 scheduled sailings ahead of Chinese New Year to prevent rates from falling further. Here's what that means...

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...

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

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...

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...

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. broiler production forecast at 1.5% growth for 2026

U.S. broiler production projected to reach 48.7 billion pounds in 2026 with 1.5% growth. Analysis of export trends, placement data, and...

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...

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...

Container shipping rates drop ahead of Chinese New Year as demand falls short

Spot rates dropped double-digits on Asia-Europe and Asia-America routes in late January as Chinese New Year demand surge failed...

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...

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

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...

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...

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...

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

Asia-Europe shipping rates climb for third consecutive week as pre-Chinese New Year demand tightens capacity. Carriers implement surcharges...

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...

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...

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...

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...

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...

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...

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

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

Chocolate demand pressures mount with Singles Day spending decline

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

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.

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...

EU proposes six-month grace period for cocoa deforestation law

European Union proposes six-month relief period for EUDR compliance instead of one-year delay, with simplified requirements for smallholder...

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 makers adjust recipes as cocoa costs remain elevated

High cocoa prices drive chocolate recipe changes as companies use rice, oats, and sunflower seeds. McVitie's and KitKat brands lose...

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...

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...

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...

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...

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

Rotterdam and Antwerp port congestion delays container shipments through October 2025

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

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.

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..

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.

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.

Polish sugar beet growers earn €52.55 per tonne, highest in Europe with EU subsidy support

Polish sugar beet farmers receive €52.55/tonne, Europe's highest compensation with EU subsidy support. Analysis of competitive impacts on...

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..

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...

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...

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.

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.

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

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.

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...

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

Container shipping rates fall 6% in one week with Shanghai-Rotterdam showing steepest declines. European importers advised to...

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.

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.

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...

China UCO exports rise as US policy limits biodiesel feedstock imports

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

European cheese prices face summer pressure as trading activity slows

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

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.

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.

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

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

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.

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.

European sugar market adjusts as drought breaks and trade dynamics shift

European sugar beet crops get relief as heatwave ends and rainfall arrives. Expert analysis on weather recovery, trading dynamics, and policy impacts.

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.

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.

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.

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?

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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

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.

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 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.

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

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.

EU enforces final anti-dumping tariffs on Chinese Biodiesel – market reacts

EU enforces final anti-dumping tariffs on Chinese biodiesel, cutting exports to record lows and reshaping global trade. 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

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.

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...

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.

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.

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.

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.

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.

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.

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.

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.

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.

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...

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.

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.

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.

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.

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.

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.

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