Industry news & Vesper highlights
Chocolate manufacturers are discovering that consumers have limits when it comes to price increases. Mondelez International revealed that European chocolate demand elasticity reached 0.7-0.8, significantly higher than the industry’s expected 0.4-0.5 range, indicating consumers are cutting back on purchases more than anticipated. The confession came during Mondelez’s Q3 earnings call, where CEO Dirk van de […]
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The European WPC80 market has shifted from steady to significantly tight within weeks, as large volume purchases have cleared available...
Coffee futures continued their upward trajectory this week, with the December contract gaining 13.9 cents to close at 413.55 US...
The European sugar market has experienced a dramatic correction over recent months, with prices declining more than 20% since May....
The cocoa market is facing confirmed demand destruction, with Q3 grind numbers revealing significant declines across major processing regions as...
Sunflower oil prices continued their upward trajectory in late October as deteriorating crop conditions in Ukraine and Russia raised concerns...
Major European container ports Rotterdam and Antwerp are working through significant vessel backlogs following a series of strikes and protests...
Cocoa prices have fallen 20% over the past month, basis ICE EU front month, as expectations for the October-March West...
Highly pathogenic avian influenza outbreaks have returned to Northern Europe, signaling the start of the traditional winter risk period as...
European industrial egg users face uncertainty as the EU weighs a significant expansion of Ukrainian import quotas while regulatory scrutiny...
