Turkey news — Vesper

Cumin holds its rally as India's crop comes in a sixth smaller

Trade estimates put India's cumin crop 16% to 18% below last year, and prices held their October gains. Turmeric stocks are close to exhausted.

Europe's egg market waits for its autumn lift, with organic still short

European egg prices have barely moved in two weeks and the usual October lift is late, while organic, free-range and extra-large eggs stay hard to find.

Indian cumin is now cheaper than Iran, Syria and Turkey

Cumin from the origins that historically undercut India now costs buyers more than Indian cumin, and that reversal is pulling demand into Gujarat.

India's Diwali buying lifts almond exports while sales slow

US almond exports rose 31% in August, led by India at 170%. August sales fell 25% and uncommitted 2026 crop inventory more than tripled on last year.

Sunflower oil rebounds while Black Sea shipping stays stuck

Crude sunflower oil rebounded about 3% this week, while Ukraine's monthly exports halved in August and September. Palm oil kept sliding on the week.

Black Sea deal hopes pull wheat lower, though a deal looks unlikely

Euronext milling wheat fell to €236/mt as talks on safe Black Sea grain shipping gathered pace, but the parties remain far apart and attacks on ports continue.

US eggs turn higher while Europe's rally pauses

US caged white egg prices rose 30.6% in two weeks on stronger demand, while European gains narrowed as record imports cap the caged end of the market.

Olive oil hits a three-year low on a crop not yet picked

Spanish extra virgin olive oil has fallen to a three-year low on expectations of a 25% larger crop from Spain, Turkey and Tunisia that starts in October.

Malaysian palm stocks climb 7.5% while Q4 supply looks thinner

August MPOB data put Malaysian palm stocks up 7.5% at 2.82 mmt and BMD prices eased, but the Q4 view is tighter. Rapeseed sowing is the nearer European risk.

Peanut acres fall 27% into a record carryout

USDA cut 2026 US peanut acres by 27% while carryout sits near a record 1.6 million tons, and 2027 kernels already price above this year's crop.

Indonesia confirms B50; Vesper sees 1 mmt of extra demand

Full B50 would lift palm oil going into Indonesian biofuels by 2.4 million tonnes. Vesper's estimate for growth beyond B40 without the full step is 1 million.

Black Sea deadlock lifts wheat, corn and barley

MATIF wheat and corn climbed again as Black Sea talks stalled and Egypt's wheat arrivals fell 75% year-on-year. Vesper's Q3 view stays sideways to up.

Smaller cashew and pistachio crops meet a macadamia rebound

ofi's July update puts the cashew crop 10% to 12% below last year and the 2026 pistachio crop near half of 2025, while hazelnut supply stays comfortable.

From pistachios to peanuts, nut supplies are tightening

ofi's June nut update points to tighter supply: the US pistachio crop could halve, peanut acres are down 21.8%, and almonds are 84.8% sold.

California almonds firm up as May shipments beat expectations

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

Pistachio and peanut supplies tighten as hazelnuts stay soft

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

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

European egg prices are falling across all categories on rising imports from Eastern Europe and Turkey, seasonal weakness, and record pullet placements.

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

European and US grains diverged, with Euronext milling wheat up to EUR 214/mt while CBOT SRW wheat fell to 648 cents/bu from 678 on easing crop weather.

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

California almond shipments reached 257.99 million lbs in March, well above the roughly 225 million expected and up 16.5% on last March's 221.37 million.

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

Bakery procurement in H2 2026 faces mixed signals: some ingredients are softening, others under renewed pressure, and a handful in genuinely tight supply.

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

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

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

Extra virgin olive oil peaked near EUR 5,000/mt EXW Spain in November 2025, fell to EUR 4,300/mt in January and has since recovered to about EUR 4,600/mt.

Sugar market forecast: raw, white, sweeteners

Sugar in 2026 is a surplus market, but the headline hides a lot: energy, Brazilian cane allocation and European supply all pull the picture in different ways.

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

FOB 6-port crude sunflower oil has risen to USD 1,485/mt from around USD 1,400 at the start of the year, on tight supply and firm Brent crude prices.

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

California's 2025 walnut crop came in at 801,432 inshell tons, 13% above the USDA estimate, leaving prices below production cost for many growers.

European poultry market remains under pressure after brief February recovery

A brief February recovery on the return of school meals and monthly salaries has not reversed the broader downward trend in European poultry 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

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

Sunflower oil rose $20/mt to $1,375/mt as Ukrainian crop estimates fell to 10.5-11.2 mmt from 12.7 mmt last year on poor yields and excessive rainfall.

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

Crude sunflower oil for November-December delivery rose $10/mt to $1,360/mt at Ukrainian ports, as crop forecasts in Ukraine and Russia keep deteriorating.

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.

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.

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.

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

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

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

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

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

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

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

The European biodiesel complex has strengthened again on higher LSGO prices and steady buying interest, but buyers and sellers still cannot agree on price.

European sunflower oil Market Update

Explore the latest developments in the European sunflower oil market, including price trends and producer responses in Ukraine.

Highlights on the Oils & Fats market: Stability for now, bears on the horizon

A week on from the Turkey and Syria earthquakes the toll has reached 36,000, the deadliest in modern Turkish history. Oils and fats hold stable for now.

Turkey Bans Butter Export

Turkey has halted butter exports under HS code 040510 to secure domestic supply, in a ministerial decision of 13 April 2022 that stands until further notice.