Adverse weather US reduces peanut output
Vanilla prices have risen sharply, up 120% y-o-y, on the back of supply shortages. Production problems in Madagascar, the main global producer, have been the driver behind the price hike. Due to poor flowering towards the end of 2014, vanilla production declined in 2015, estimated at around 1100MT.
Vanilla prices have been increasing since 2012 and with low production forecasts in 2015, farmers harvested some of their crop prematurely which reduced quality. The situation has been exacerbated by importers who stocked up early in anticipation of price hikes, further reducing supplies in the market.
Despite the upward trend in prices, caused by limited supply, global demand for vanilla has remained firm, further aggravating the market imbalance.
Peanut prices have risen in the US by 33% since the beginning of 2016, reaching the highest level since September
Desiccated coconut prices rise on higher lauric oil prices
Desiccated coconut prices have increased 14% y-o-y, due to rising lauric oil prices caused by low supplies. The main types
Dried ginger prices fall on oversupply
Dried ginger prices in India were down 40% y-o-y at the start of November, due to the abundant supply of
Peanut crop falls short in Argentina
Argentinian peanut prices have risen 32% since April this year. Production in Argentina for 2016 is estimated at 928,000 tonnes,
Increasing pepper supplies drive down prices
European import prices for black pepper from Vietnam were down 10% m-o-m at the start of October, the lowest level