Sustainable Harvest Coffee Importers’ Post

🌾𝐆𝐋𝐎𝐁𝐀𝐋 𝐒𝐎𝐘𝐁𝐄𝐀𝐍 𝐏𝐑𝐎𝐃𝐔𝐂𝐓𝐈𝐎𝐍 𝐎𝐔𝐓𝐋𝐎𝐎𝐊 𝐅𝐎𝐑 2023/24🌾 ✅Global Soybean Output Expected to Reach Record High in 2023/24-USDA ✅The USDA projects a significant 18.8 million tonne increase in global soybean output compared to the previous year. ✅Production is expected to reach a record high of around 397 million tonnes due to ample supply leading to a rise in stocks worldwide.. ✅Brazil's soybean forecast was slightly reduced to 155 million tonnes, down by 7 million tonnes from the previous season. ✅Global soybean consumption is estimated to hit a new peak at 382 million tonnes, a 4.3% increase from the previous year. ✅World ending stocks are projected to grow by approximately 12.1 million tonnes to 114.3 million tonnes in 2023/24. ✅China is expected to have the largest ending stocks at 37.6 million tonnes, possibly due to an 8% budget increase for grain and oilseed stocks to enhance food security. ✅Brazil's ending stocks are likely to decline by around 3.2 million tonnes to approximately 33.1 million tonnes, based on an expected export volume of 103 million tonnes. ✅Global consumption in 2023/24 projected to be significantly higher at 382 million tonnes. Investments in food security contributing to stock increases and consumption trends. 💡The USDA's latest report paints a dynamic picture of the global soybean market in 2023/24. The global soybean market is poised for growth in the 2023/24 crop year, with record production levels and increased consumption driving the industry forward. While challenges such as fluctuating stocks in key regions like China and Brazil persist, strategic measures are being taken to ensure food security and stability in the market. 📻Source: biofuels-news #SoybeanMarket #USDAForecast #GlobalAgriculture #SoybeanProduction #SoybeanConsumption #SoybeanExport

PEPPER PRICES TODAY, JULY 8: CONTINUE TO RISE, SUPPLY TENSION EXPECTED TO LAST FOR THE NEXT 5 YEARS. Pepper prices today in key growing regions continue to rise by 1,000 to 3,000 VND/kg. This brings the average domestic market price of pepper to around 150,000 VND/kg, gradually recovering to the levels before a significant three-day drop in the middle of last week. Specifically, in the Central Highlands, pepper prices in Đắk Lắk today increased by 1,000 VND/kg to 151,000 VND/kg. Pepper prices in Gia Lai increased by 2,000 VND/kg to 150,000 VND/kg. Pepper prices in Đắk Nông increased by 2,000 VND/kg to 151,000 VND/kg. In the Southeast region, pepper prices in Bà Rịa - Vũng Tàu and Đồng Nai both increased by 2,000 VND/kg to 150,000 VND/kg. Pepper prices in Bình Phước increased by 3,000 VND/kg to 151,000 VND/kg. However, if we look at the entire past week, domestic pepper prices have still decreased by 3,000 to 6,000 VND/kg. According to experts, the domestic pepper market is becoming increasingly unpredictable due to many factors, especially speculation. Speaking about the price developments of pepper in the first half of this year, Mr. Phan Minh Thông said that in his 25 years of trading, he had never seen such times for this agricultural product, astonishing the whole world, not just Vietnam. In reality, since the beginning of the year, domestic pepper prices have been on a strong upward trend. At the beginning of the year, pepper prices were only fluctuating around 80,000 - 82,000 VND/kg, and then increased daily. Particularly, in the first half of June, pepper prices surged dramatically, peaking at 180,000 VND/kg on June 12th—a record high since 2016. Export pepper prices have also soared. Currently, Vietnam's black pepper is traded at 6,400 - 6,900 USD/ton, an increase of 67.5% compared to the beginning of this year; white pepper is priced at 9,500 USD/ton, up 66.7%, and at times reached up to 12,500 USD/ton. Contact me now: 📧Email: thiep.nguyen@silopcorp.vn 🕸Visit our website: www.silopcorp.vn 📱Mobile: +84 968.429.299 (WhatsApp) #PEPPERPRICESTODAY #JULY8 #PRICESRISE #SUPPLYTENSION #NEXT5YEARS

PEPPER PRICES TODAY, SEPTEMBER 10: OVERVIEW OF PEPPER PRICES IN VARIOUS COUNTRIES DURING THE FIRST WEEK OF SEPTEMBER 2024. Pepper prices today in key domestic growing regions remain stable, fluctuating around 152,000-153,000 VND/kg. Specifically, in the Central Highlands, pepper prices today in Đắk Lắk remain stable at 153,000 VND/kg. In Gia Lai, pepper prices today are steady at 152,000 VND/kg. Similarly, prices in Đắk Nông are also stable at 153,000 VND/kg. In the Southeast region, pepper prices today in Bà Rịa - Vũng Tàu and Đồng Nai remain unchanged, reaching 153,000 VND/kg. Pepper prices today in Bình Phước also remain steady at 153,000 VND/kg. With just over a quarter left before the end of the year, the $1 billion export target for the pepper industry, set years ago, will surely be achieved in 2024. As previously reported by Industry and Trade Magazine, by the end of August 2024, Vietnam had exported 183,756 tons of pepper of various types. Of this, black pepper accounted for 162,721 tons, and white pepper reached 21,035 tons. The total export value during this period reached $881.2 million, with black pepper bringing in $754.1 million, and white pepper contributing $127.1 million. Compared to the same period last year, the export volume of pepper decreased by 2.1%, but the value increased by 43%. However, due to prolonged drought in April and May in key growing regions, Vietnam's 2025 harvest will be delayed. It is forecasted that the 2025 pepper crop will be harvested almost entirely in February, with some regions extending into March and April, which is 1-2 months later than previous years due to the prolonged drought. According to the Vietnam Pepper and Spice Association (VPSA), Vietnam's pepper output in the past season decreased by 10% compared to the previous year, down to 170,000 tons. This is also the lowest level in the past five years. As Vietnam's pepper stockpile is running low, exports of this commodity in the remaining months of this year will be lower than in previous years and will continue to decline until the new harvest begins. Therefore, global pepper prices are forecasted to remain high until Vietnam enters the next harvest season. Contact me now: 📧Email: thiep.nguyen@silopcorp.vn 🕸Visit our website: www.silopcorp.vn 📱Mobile: +84 968.429.299 (WhatsApp) #PEPPERPRICES #SEPTEMBER2024 #GLOBALPEPPERMARKET #SPICEINDUSTRY

💥 Global Pepper Market Surge: Are You Prepared for the Impact? You're short on time? Read the key points below. 🚀 Brazil: The market was jolted last week by a nearly 8% price increase, driven by reports of supply shortages caused by high temperatures in Brazil. This has had a ripple effect throughout the entire market. Aug 30: FOB 570 ASTA traded at $6,900-$7,100. ⬆️ Vietnam: Pepper prices remained relatively stable throughout last week, but this morning saw a near 5% surge. This sharp increase could be attributed to the price hike in the Brazilian market last week. Sep 2: FOB Price 500G/L traded at $6,600-$7,000. ⚖️ Indonesia: While other markets are facing significant fluctuations, the Indonesian market remains stable thanks to forecasts that this year's harvest output will not decrease, and may even increase by 15%. Aug 30: FOB 500G/L traded at $6,900-$7,100. 💡 Recent Trends: After analyzing Vietnam's import and export data, it's evident that while export volumes remain high, but much of this comes from inventory held by export companies. In the domestic market, transactions between farmers, cooperatives, agents, and export companies have been slow, with few deals being made. 💭 Market Forecast for This Week: ↳ Liquidity: Expected to remain low as inventories in major markets such as the EU and the US are still sufficient. ↳ Falling prices: I predict that the last week and early this week's price increase could be another test of the market, so prices could return to their old base. ⭐️ Recommendation: Keep your inventory levels stable to mitigate risks from price volatility. 🔑 Key Points: ↳ Main Markets: Vietnam +5%, Brazil +8%, Indonesia +0% ↳ Domestic Market Liquidity: Low ↳ Forecast this week: Price may decline towards the end of the week. ↳ Forecast of total market output in 2024 to decrease by about 20% due to climate change and drought. 👉 Are you prepared for the potential price fluctuations ahead? Connect with us to discuss strategies for mitigating risks and optimizing your pepper sourcing. STENY ORGANIC - Harvesting Flavor, Cultivating Health Note: This review is for reference only and may fluctuate based on market conditions. #pepper #peppermarket #pepperorganic #cinnamonorganic #blackpepper #staraniseorganic #peppertrending.

In April 2024, according to the data observation of Zhejiang Zhoushan International Agricultural Products Trade Center Co., Ltd: from the operation of the monthly price index, the monthly price of China ocean-going squid continued to rise in April 2024, the index closed at 182.11 points, up 3.61% from a year earlier, the rate of increase slightly narrowed compared with that of March (5.90%). From the operation of the weekly price index, the price of each week of April rose first and then fell, of which The first and second week prices continued to rise. The second week index for the highest ever 171.28 points, a slight increase of 0.29% over the ring, the third week the index rushed high and fell back, the index closed at 170.06 points, down 0.71%. <More details please feel free to check the below article> 😍 😍 😍 😍 WhatsApp:+86 18789986172 Email: lydia@aicoseafoods.com WeChat:Frozenfoodex #Seafood #FrozenSeafood #GloablMarket #Squid #SquidPrice #SquidTube #FrozenFood #AicoSeafood #AquaticProducts #IllexSquid #GigasSquid

DJ Soybean Futures Drop on Trump Tariff Debate HIGHLIGHTS Trump Threats: With Election Day closing in, fund traders are seen hedging their bets. "To take a flat price position into November 5th, you would have to have a very high confidence level on your read of the outcome of the U.S. election, something I do not have," said Charlie Sernatinger of Marex in a note. Concerns about Trump's tariff plans come from the notion that China, the biggest customer for U.S. agriculture, would opt to increase the amount of Brazilian crop exports they buy in order to get around steep tariffs. Behind the Usual Pace: Planting of winter wheat in the U.S. is 64% complete, the USDA said in its latest Crop Progress report issued Tuesday afternoon. That's up 13 points from the previous week, but two points behind the average pace of planting at this time over the past five years. Winter wheat emergence is off from the 5-year average by three points, at 35%. The latest map from the U.S. Drought Monitor shows dryness and mild drought throughout the entire Corn Belt. "It will be important to see how these forecasts verify, especially given the issues the global wheat crop is experiencing elsewhere around the globe," Mike Castle of StoneX said in a note. Big Moves: The USDA reported a mammoth flash sale of U.S. corn exports Wednesday: 1.62 million metric tons of corn were sold to Mexico--with 1.04 million tons for delivery in the 2024/25 marketing year and an additional 579,120 tons being delivered in 2025/26. The USDA also said 332,000 tons have been sold for delivery to unknown destinations in 2024/25, along with 175,000 tons of soybeans. For corn, the huge export sale is among the biggest ever recorded. INSIGHT Forward Progress: The USDA's latest crop progress figures Tuesday afternoon show U.S. crops pushing forward. The U.S. corn harvest is now 47% complete, and the soybean harvest is 67% done. Both of these figures well exceed their pace last year and the average pace over the past five years. While indications of record-sized crops being harvested quickly are not supportive for grain futures, some traders are focused on other short-term factors. "Now the recent sell off is getting 'oversold' as corn and soybean prices start to approach the August lows," said Naomi Blohm of Total Farm Marketing. Extended Drop: Analysts surveyed by Dow Jones this week are forecasting that the precipitous drop seen in ethanol stockpiles in last week's report may continue. They think inventories could fall to as low as 21.2 million barrels. That would be the lowest stocks have been since last November, according to EIA data, and roughly 11% that ethanol stocks have fallen in the last month. Plant maintenance is often a factor contributing to lower stocks, although production in this weeks' report is expected to be as high as 1.052 million barrels a day.

📊 #WASDE Report – APRIL 11, 2024 💡 The World Agricultural Supply and Demand Estimates (WASDE) is prepared and released by the World Agricultural Outlook Board (WAOB). The report is released monthly, and provides annual forecasts for supply and use of U.S. and world wheat, rice, coarse grains, oilseeds, and cotton. The report also covers U.S. supply and use of sugar, meat, poultry eggs and milk, as well as Mexico’s supply and use of sugar. The #WAOB chairs the Interagency Commodity Estimates Committees (ICECs), which include analysts from key USDA agencies who compile and interpret information from USDA and other domestic and foreign sources to produce the report. 🔎 Outlook: ✅ #SOYBEAN: The outlook for U.S. soybean supply and use for 2023/24 includes lower imports, residual, and exports, and higher ending stocks. Soybean trade is reduced on pace to date and expectations for future shipments. With the trade changes and slightly lower residual, soybean ending stocks are raised 25 million bushels to 340 million. The U.S. season-average soybean price for 2023/24 is forecast at $12.55 per bushel, down 10 cents. Soybean meal and oil prices are unchanged at $380 per short ton and 49 cents per pound, respectively. ✅ #WHEAT: This month’s supply and demand outlook for 2023/24 U.S. wheat is for lower supplies, reduced domestic use, unchanged exports, and higher ending stocks. Supplies are tightened with a reduction in projected imports by 5 million bushels to 140 million on a slower-than-expected import pace, primarily for Hard Red Winter. Domestic consumption is forecast down on lower-than-expected implied feed and residual use in the second and third quarters based on the latest NASS Grain Stocks report. As a result, annual feed and residual use is lowered 30 million bushels to 90 million. Projected 2023/24 ending stocks are raised 25 million bushels to 698 million, 22 percent above last year. The season-average farm price is reduced $0.05 per bushel to $7.10. 📻 Source: https://lnkd.in/eeVn_KrP Best regards. Agricultural commodity trader, Oleg Shklovtsov.

Global cereal output seen hitting all time high in 2024 — FAO According to the report, FAO does not expect any significant changes in world consumption, just as the ratio of world grain reserves to consumption in 2024-2025 ROME, July 5/ The UN Food and Agriculture Organization (FAO) has updated its forecast for world cereal production in 2024, setting it at 2,854 million tons, which will be a new all-time high, according to the review of grain supply and demand, released by the organization. FAO attributed its raised projections to "a better harvest outlook for maize in Argentina and Brazil as well as Turkey and Ukraine, which will offset downgrades to the outlook for Indonesia, Pakistan and several Southern African countries." "The wheat production forecast has also been raised based on better prospects in Asia, notably Pakistan, which should outpace an expected decline in the Russian Federation due to inclement weather in major wheat producing areas earlier in the season. Global rice production is projected to reach a record 535.1 million tonnes," the organization says. FAO does not expect any significant changes in world consumption, just as the ratio of world grain reserves to consumption in 2024-2025 and the volume of international grain trade are practically unchanged, the report indicates. FAO notes stability in global prices for basic food commodities in June after a rise in the previous three months. The FAO Food Price Index, which tracks monthly changes in international prices for a range of food commodities, averaged 120.6 points in June, down 2.1% from a year earlier and 24.8% below its peak in March 2022. The increase in international quotations for vegetable oils, sugar and dairy products in June offset a decline in those for cereals, FAO points out. The organization notes that conflicts and droughts are the main drivers of food shortages. #business #finance #financialservices

#U.S. #Agricultural #Exports: Challenges and Prospects Amid Global Trade #Dynamics U.S. agricultural exports, particularly corn and soybeans, have faced significant volatility in recent weeks. Export sales for these key commodities have dropped to multi-week lows, driven primarily by reduced participation from China, raising concerns about future market prospects amidst evolving global trade dynamics. ##Corn and #Soybean Export Trends Recent data reveals that U.S. corn export sales fell to an 11-week low, while soybean sales hit a 19-week low, both below market expectations. Despite these declines, cumulative sales remain above the annual average due to strong earlier performance. The U.S. Department of Agriculture (USDA) has raised its corn export forecast for the 2024-25 marketing year by 150 million bushels, the largest percentage increase in 30 years. By December 5, 56% of USDA’s corn export target had been sold, exceeding the 50% average for this period. Strong demand from Mexico, Colombia, and the EU contributed to record sales. Soybean export sales have reached 75% of the annual target, above the 70% average. However, China’s share of U.S. soybean exports has dropped to 46%, the lowest in 18 years outside of the trade war period. This decline is notable given China’s usual dominance, historically accounting for 57% of U.S. soybean sales. #China’s Role and Broader Trade Challenges China’s reduced engagement in U.S. agricultural imports extends beyond corn and soybeans, affecting commodities like cotton, sorghum, beef, pork, and wheat. U.S. cotton and sorghum sales to China have hit their lowest levels in nine and two years, respectively. Increased domestic production in China, particularly pork, and reduced U.S. cotton supplies due to adverse weather have compounded these declines. Strained U.S.-China trade relations, including anticipated tariff hikes, pose additional risks. #Global Competition and Diversification Efforts Despite reduced sales to China, U.S. exports to other markets have grown significantly. In the first 10 months of 2024, U.S. exports of grains and oilseeds rose 20% year-over-year, reflecting diversification efforts. However, competition from Brazil looms large. Brazil’s soybean harvest is projected to reach record levels, with a 20-million-ton production increase likely to exert downward pressure on global prices, challenging U.S. competitiveness. #Conclusion Amid shifting U.S.-China trade relations and Brazil’s rising production, U.S. agricultural exports face considerable challenges. Diversifying markets, leveraging competitive strengths, and adapting to global trade dynamics are crucial. Producers and exporters must remain vigilant to maintain their global standing. Source: Reuters If you are looking for a reliable wholesale/retail distributor in Vietnam, do not hesitate to contact us via: Phone/Zalo/WhatsApp: +84866.880.486 (Ms.Nhi)

🔵💬 Market briefs in the morning by Esteban Moscariello: - Soybeans are trading higher due to hedging after recent declines that took them to the lowest since October 2020, while corn and wheat are trading lower. - Corn due to good crop conditions in the US, and wheat due to supply pressure due to the progress of the US harvest and competition in the export market. - The downward spiral of US prices continues, amid fears of a slowdown. - Chinese purchases are rather timid, causing uncertainty to increase and lower prices. - The lack of recent export sales announcements suggests that this week's export sales report will not show significant sales of the new crop. A year ago, China increased its purchases in August, and analysts anticipate a similar buying pattern this year. - Private analysts project that China will secure/import over 16 million tonnes (Mt) of US soybeans before the end of the year. Current purchases of new crop soybeans from China stand at just over 1 Mt. - Wheat is dangerously close to its support level of $5 per bushel, the lowest level since August 2020. - For corn, although flowering is still ongoing and weather risk is present, the potential is considered high enough to explain the drop to $4 per bushel. - For US corn too, you have to go back to 2020 to see those levels, indicating a gloomy mood. However, the weather over the next few days will continue to be under scrutiny. - Corn markets ended lower on continued lack of bullish momentum. Neither the drought in Ukraine nor the drop in Argentine yields have stopped fresh selling, as the focus remains on record-high US yield potential. - The momentum on the chart is negative, and it will not be until the NASS August crop report is released that serious short-covering will be triggered. - US corn is cheap on the world market and ethanol margins are profitable. However, the market today sees no reason to maintain even a modest risk premium. Funds have returned to a record short position in corn. - Brazilian soybean exports so far this month exceeded the volume exported in July last year by 4.1%, while corn exports rose by 1.17 million tonnes last week. - As for soybeans, demand is once again too timid to have any hope of reversing the price trend. The decline remains marked and the lack of competitiveness against Brazilian origins in particular does not suggest a recovery in prices in the medium term. - The only point of uncertainty in soybeans is the weather in the US, at a time when the USDA has lowered the percentage of soybeans in good or excellent condition by one point. - But these factors are not strong enough to justify the coverage of short positions by the funds that are reinforcing their net short positions. ➡️ By Esteban Moscariello -- 📌📈