<img alt="" src="https://secure.item0self.com/192027.png" style="display:none;"> Top Stories

Mintec Pricing Update - 26 September

September 26, 2022

2 mins read

Dairy


•At the close of trading last week, market sentiment in the European Dairy market was BEARISH.
•European butter sentiment was reported bearish on the week. Slightly better availability, in combination with continued low demand, has led to a change in sentiment
The assessment for Unsalted Butter EXW European Union [Mintec Code: J116] was made at €7,125/mt, down 1% week-on-week.

Vegetable Oil

•At the close of trading last week, market sentiment in the spot Sunflower oil market was BEARISH.
•This was due to the increased selling of sunflower seed from Ukrainian farmers at prices around $20-70/mt below the rest of the market
The Mintec Benchmark Prices [MBP] for Sunflower Oil FOB NW EU 6 Ports Option Mintec Code: SFOR] were assessed at $1,284.50 down $21.00/mt on the week.


Almond

•At the close of trading last week, market sentiment in the almond market was NEUTRAL.
•Market participants noted an uptick in activity, but most of the interest from buyers was reported for forward purchases with several trades submitted for Q2 of next year. Buyers reported paying a heavy premium for this and there are some Australian sellers which took advantage of California’s unwillingness to offer large volumes for this period.
Prices for standard 5% almonds were observed in a band of $1.70-1.75/lb during the assessment period. The Mintec Benchmark Prices for standard 5% almonds FAS US [Mintec Code: NAL1]were assessed at $1.70/lb on 22 September, down 2 cents/lb on the week and 1 below a competitive offer of $1.71/lb.

Pork

•At the close of trading last week, market sentiment in the European Pig Deadweight Grad S market was MIXED.
•Sentiment in the European pork market was reported mixed on the week, while domestic prices in Poland and France increased slightly. The assessed prices for Germany and Spain were unaltered this week. Price drivers for the European market were broadly unchanged on the week.
The Mintec Benchmark Prices for Pig Deadweight Grade S EXW Europe [Mintec Code: BW56]were assessed at €2.11/kg on 20 September, unchanged on the week. 

Cocoa

•At the close of trading last week, market sentiment in the cocoa market was BULLISH.
•Exchange prices in London have continued to rise on the back of a weaker GBP, which hit all-time lows against the USD on Monday the 26th, adding support to bullish news of wet weather that threatens to slightly reduce the size of the upcoming main crop.
•Ratios have also firmed on fears of European supply tightness throughout the rest of 2022 as well as robust demand. The Mintec Benchmark Prices for Cocoa Butter ratio spot EXW Western Europe [Mintec Code: CBRE] were assessed at 2.17 on 21 September, up from 2.13 the previous week.

Topics: Pricing

/You May Also Like

Featured Image
The CBOT corn futures DEC-22 contract price was at 663 cents/56...
Featured Image
The grain corridor deal’s resumption on 2nd November has led to an...
PLATFORM

Mintec Analytics

The spend intelligence you need, about the food products you buy, all in one place. 

FREE TRIAL