Onion prices in Poland, a key producer in the EU, have fallen almost 60 per cent since the start of the year following a better than expected harvest.
Commodities data firm Mintec predicts that Polish production this year is up 15 per cent to some 630,000 tonnes as a result of favourable weather conditions during the growing season. Read more
Walnut prices in the European Union have fallen by 20 per cent year-on-year as a result of a global supply glut, despite soaring consumption by health-conscious consumers.
EU production is expected to rise by 5 per cent year-on-year to reach 117,000 tonnes for the 2015-16 season. This was intended to meet demand from the EU which has risen, up 2 per cent year-on-year, driven by a buoyant snack industry as consumers become more aware of the health benefits of walnuts with their high nutrient content. Read more
Nickel prices on the London Metal Exchange have fallen from $15,650 a tonne to about $8,765 over the past year, a collapse of 44 per cent.
Prices for the metal, the main alloying material used to produce certain types of stainless steel and traded in US dollars, fell sharply in November as the currency reached an eight-month high against the euro, offsetting the impact of upcoming production cuts, said Mintec, the commodities data firm. Read more
Prices of high density polyethylene (HDPE) have tumbled 14 per cent in the UK since June, as lower demand is expected following legislation on carrier bag use. Read more
Cotton prices in China fell 23 per cent year on year in August to a six-year low, a result of reduced demand and government policy measures. Read more
European demand for Scottish seafood has fallen, due to trade disruption in Calais caused by the migrant crisis. Lengthy delays last month at the Channel tunnel and ferry terminals as thousands of migrants attempted to gain access to the UK through the French port, hit exporters of perishable goods with produce ruined before delivery. Read more
European Union orange prices have increased 13 per cent year on year since March as the forecast harvest is set to be down 14 per cent from last season, to 5.7m tonnes. Read more
US egg prices have risen over 80 per cent year-on-year to the end of July as avian flu sweeps across the Midwest and Pacific northwest regions resulting in a cull of millions of egg-laying hens.
More than 49m egg-laying hens and turkeys in 15 states have been wiped out — well over 12 per cent of the country’s flock of almost 300m laying hens — by the outbreak which started in December. Read more
US honey prices are continuing a steady upward trend with year-on-year prices in early February 13 per cent higher as a result of increased demand and lower domestic production.
Production of US honey has been falling year-on-year, with the latest figures from commodities data firm Mintec showing 67,800 tonnes of honey were produced in 2013, down 5 per cent year-on-year and 35 per cent lower than output levels of 20 years ago, mainly due to a decline in bee colony yields.
As a result of a supply and demand imbalance, imports into the US have been rising steadily, with volumes in 2013 reaching 153,750 tonnes, up 8 per cent year-on-year, and totalling about 65 per cent of US supply. Read more
Norwegian salmon prices dipped last week after increasing sharply in the past month — they are still up 30 per cent since September — despite Russia’s retaliation against EU and US sanctions and helped by soaring seasonal demand for the Christmas and new year holidays.
Prices have been falling as warm seas, which increase fish growth rates, led to larger quantities coming on to the market earlier in the year than expected, according to Mintec, the commodities data analysts, but fewer fish are currently being kept on farms.
In May the volume on farms was up 10 per cent year-on-year but the stocks fell, however, to only 1 per cent ahead in October and are expected to have fallen even further in November, the analysts said. Read more
Europe’s producers of pears are leaving crops to rot because of retaliation by Russia, the biggest buyer of European pears, against sanctions.
Many growers say it is cheaper not to harvest any but the most perfect fruit in a year when, according to Mintec, the commodities research and data group, overall production in Europe is estimated at 2.27m tonnes, down 2 per cent year-on-year from high output levels of 2013. Read more
Russia’s ban on importing EU agricultural products will cause the loss of more than 300,000 tonnes of apples grown in Poland, a quantity more than the whole crop of the Netherlands or the UK, and risks causing a European glut of the fruit.
Poland’s apple and pear growers face substantial losses due the Russian embargo on farm imports from EU nations and other western countries which this year imposed sanctions on Russia over the Ukraine crisis. Read more
The price of salad is about to jump after prices for olive oil, lettuce and tomatoes have soared following a lengthy drought in Spain. Read more