Rabobank Poultry Quarterly Q2 2015: Avian Flu Challenging Global Trade

29 May — The global case of avian flu has had a big impact on international markets. The global trade streams and prices are expected to remain under pressure for the remainder of 2015, according to Rabobank’s latest Poultry Quarterly Q2 report. The long-term impact may be significant due to several trade bans on breeding stock in importing countries. Producers in countries with balanced markets are continuing to enjoy healthy margins. Global approaches to deal with avian flu are more important than ...

May 2015

  1. May 12

    Rabobank World Beer Map: Shifting Currents in Global Beer

    Key findings: Beer consumption is rising in key markets in Asia, Latin America and Africa. Trading up in traditional beer markets is fuelling demand for import and craft beer. Demand for malt in Latin America is rising, but increased production within Mercosur countries is dampening exports from western Europe to the region. Malting barley imports by China are on the rise, sourced mainly from Australia, but also from Europe and Canada. “In the coming years, we expect the gro...

April 2015

  1. Apr 17

    Rabobank Pork Quarterly Q2: High-flying Pork Prices Come Back Down to Earth

    Rabobank Pork Quarterly Q2: High-flying Pork Prices Come Back Down to Earth According to the latest Rabobank Pork Quarterly report, the global pork industry has been searching for stability during Q1 2015, with strong supply growth and relatively weak demand driving the market. Pork prices are sharply lower, as robust global supply growth (driven by the US, Russia and Brazil) has outpaced rather subdued demand, dragging producer profitability into negative territory. Rabobank animal...
  2. Apr 15

    Rabobank Wine Quarterly Q2: The Japanese Wine Market has now ‘Come of Age’

    The Japanese wine market has now ‘come of age’ with wine drinkers increasingly open to new consumption occasions, wine styles and innovations, according to Rabobank’s latest Wine Quarterly Q2 report. Japan ranks as one of the world’s most valuable wine import markets. However, many global wine-exporting regions had turned their attention away from Japan after the market declined from its peak 16 years ago.
  3. Apr 01

    Rabobank Sugar Quarterly Q1: Overwhelming stocks keep prices in decline.

    According to the latest Rabobank Sugar Quarterly report, abundant global sugar supplies have been steadily accumulating after four years of a production surplus, leading to the decline in global prices. Main import destinations like China and Indonesia have abundant stocks and are wary about importing more sugar in 2015, after seeing domestic prices collapse. Rabobank forecasts a global sugar production deficit of 0.7 million tonnes raw sugar for the season.

March 2015

  1. Mar 27

    Rabobank Beef Quarterly Q1: Australian Drought Provides Supply to a Tight Global Market

    According to the latest Rabobank Beef Quarterly report, herd liquidation in Australia cannot continue at the high rates seen through 2013 and 2014 and without any global beef expansion forecast in the short term, global supplies are expected to remain tight.
  2. Mar 24


    In Rabobank’s new report on the U.S. brandy market, the bank identifies a clear market gap in what logically should be the strongest price segment – premium brands. Between the value, low growth end of the brandy spectrum – the “boring” – and the fast growing, super-premium cognac end – the “bling” – there is a potential opportunity for spirits companies to tap into the growing appetite for premium spirits among sophisticated, affluent U.S. consumers.
  3. Mar 24

    Seafood: A myriad of globally traded aquatic products

    The seafood industry is more of a global business than any other animal protein industry. Total trade flow value was more than USD 140 billion in 2014, having doubled in the past five years. The industry is very diverse and offers a wide range of products that all have distinctive export and import markets. Mapping these trade flow patterns illustrates the international nature of the industry and the importance of trade.
  4. Mar 16

    Rabobank: Innovation Can Turn Around Food Waste

    The European Food & Agribusiness (F&A) industry is currently losing EUR 60 billion of value each year through food that is wasted in the supply chain and never reaches the consumer. According to Rabobank’s latest report, it is vital that the industry looks to address the issue and F&A companies have much to gain themselves from doing so. Rabobank sees innovation as the most effective means of making an immediate difference to reducing waste. However, for it to be successful, optimisation of ...
  5. Mar 16

    Spirits Quarterly Q2 2015: A crafty conundrum

    Rabobank’s Spirits Quarterly Q2 focuses on the challenge of adapting to a changing consumer. In the US, the shift in consumer behaviour is mirrored by the rapid rise of craft spirits, and is creating structural challenges for established spirits players. In Europe, the Scotch sector saw disappointing FY results, as some categories struggled to remain relevant. The Chinese liquor industry also continues its weak performance, pushing companies to find new sources of growth, while premiumisatio...
  6. Mar 16

    A global case of bird flu

    The Avian Influenza (AI), or bird flu, pressure is further spreading across the globe, with new outbreaksin Asia, Europe and North America. To what extent are regional markets affected by the AI outbreak? “Avian flu is further spreading across the globe and could affect global trade streams, especially as the virus has moved further in Europe to Hungary and in the US to central states like Minnesota, Missouri and Arkansas,” says Rabobank Animal Protein Analyst Nan-Dirk Mulder. “Joint global...
  7. Mar 12

    New Dawn for European Dairy: The Morning After Milk Quotas

    With the EU milk quota set to be removed on 1 April 2015, production will become further concentrated in the key milk-producing regions of Northern and Western Europe, according to Rabobank’s latest report. Rabobank foresees farmers in these areas will utilise the spare capacity developed through investment and technology gains over the last 30 years. However, with an expansion of over 12 million tonnes already achieved between the announcement of milk quota removal in 2006 and 2014, a large ...

February 2015

  1. Feb 24

    Rabobank: Innovations that will shape the future of the food industry

    Lack of growth, price pressure from food retailers and changing consumer behaviour are all creating a challenging environment for the foods sector. New technologies and innovations such as 3D printed food, algae and insects as a form of protein, wearable technology and smart shopping tools have the potential to structurally change the food supply chain in the very near future. In the context of three mind-sets of the dynamic consumer - sustainability, convenience and health, Rabobank has gaug...

January 2015

  1. Jan 28

    Rabobank: Lower Oil Prices Contributing to Lower Food Prices

    The recent and dramatic oil price drop, and Rabobank’s view that oil prices will remain low through 2015, will have implications for the global food supply chain. The economics of some specific F&A sectors will materially change, affecting volumes and margins. Lower oil prices will also add to the already significant deflationary pressure on food prices resulting from lower commodity and feed costs. While lower food prices will be welcomed by consumers, they will not affect consumption levels...
  2. Jan 26

    Rabobank Spirits Quarterly Q1: The flavour of growth in global spirits

    Rabobank’s Spirits Quarterly Q1 reports that while the demand for spirits across Europe has been mixed, in the US the spirits market continues to grow with value still outpacing volumes. On the other hand, a heavier discounting arises in China triggered by the increase of e-commerce and consumer migration away from the luxury segment of the Chinese spirits market. India appears to have returned to growth mode with Brazil following this trend due to diversification and innovation across brands.
  3. Jan 23

    Rabobank Pork Quarterly Q1: Searching for the New Normal after PEDv and the Russian Ban

    The global pork market has experienced a mixed 2014, with the porcine epidimic dhiarhea virus (PEDv) driving prices to all-time highs in the Americas and parts of Southeast Asia, and the Russian ban inducing an oversupply environment in the EU, not to mention continued weakness in China.
  4. Jan 05

    Rabobank Report: How western companies can navigate China’s animal protein market

    China’s demand for foreign animal protein products shows great growth potential. However, the path to success for western animal protein companies in China will remain complex and challenging. In its latest report titled “Bulls in a China Shop”, Rabobank foresees that the path to success can be navigated with a relentless focus on adding value to the supply chain, and by teaming up with better positioned local partners, investing in improving relationships with local governments and employin...

December 2014

  1. Dec 23

    Rabobank Report: Sugar Quarterly Q4 – Strong Headwinds

    Strong headwinds look set to impact the sugar industry, with abundant global sugar stocks continuing to weigh on world market prices. According to Rabobank’s Sugar Quarterly Q4, although prices have been under pressure for some time, projections suggest that world production in 2014/15 will be little different from the previous year.
  2. Dec 23

    Rabobank Beef Quarterly Q4: Supplies remain tight amid robust consumer demand

    Rabobank’s Beef Quarterly Q4 reports that tight global cattle and beef supplies continued in Q4 2014, although prices tempered from their Q3 highs. The US remains the major global driver, with import demand affecting prices and volumes for other countries. A big question heading into 2015 with such a finely balanced market is—if Australian export rates decrease and herds in Mexico and Canada continue to be run down by the US—whether a new norm has been reached for prices or whether they still...
  3. Dec 18

    Rabobank Fertiliser Quarterly Q4: Cloudy with a chance of Spring demand

    As fertiliser supply appears set to outweigh demand globally, the forecast for Q1 2015 looks rather cloudy in terms of pricing according to Rabobank’s latest Fertliser Quarterly report. While Spring demand in the Northern Hemisphere will prevent prices from slipping significantly, Rabobank believes that lower farmer margins will make that farmers will be more prudent in fertiliser application, but a strong demand destruction is unlikely.
  4. Dec 17

    Rabobank Dairy Quarterly Q4: Dairy prices continue to fall

    International dairy markets continue to suffer from low prices according to Rabobank’s latest Dairy Quarterly report, though the rate of decline in the price of dairy commodities has slowed compared to that seen in Q3 2014. Exceptional milk production growth in export regions in the last nine months has outstripped weak local consumption, boosting supply in the international market and forcing prices to fall. However, low prices have succeeded in clearing huge volumes, with trade growth up 1...
  5. Dec 16

    Rabobank and Copa-Cogeca: storage capacity grain and oilseeds is not sufficient, investment in infrastructure needed

    New research carried out by Rabobank and Copa-Cogeca shows investment must be stepped up to improve infrastructures and storage capacity in the EU grain and oilseeds sector. This would maximize trade and ensure that EU livestock producers have good access to feed. Huge investment opportunities exist here and projects must be included in the 315 billion Junker investment plan, Copa-Cogeca said. Rabobank highlights that the EU grain and oilseeds supply chain offers many investment opportunities...
  6. Dec 10

    Rabobank Report: European frozen food sales to benefit from online grocery growth

    Decades of growth in the leading food distribution channels – supermarkets and hypermarkets - have come to an abrupt end in most markets over the past few years. Rabobank believes the rise of new channels; online, hard discount and convenience stores, will provide exciting growth opportunities for frozen food manufacturers. According to its latest report “Europe’s New Ice Age”, Rabobank foresees growth opportunities for the frozen food market, with a base case scenario where frozen food will ...

October 2014

  1. Oct 17

    Rabobank Report: Rapid intensification of Brazilian beef production to continue

    ​In response to rising global beef demand, Brazil is set to step up the rapid intensification of its beef production sector over the next ten years, enabling the industry to expand into higher-value export markets. According to its latest report “Beefing up in Brazil: Feedlots to Drive Industry Growth”, Rabobank expects Brazil’s feedlot capacity to more than double to 4.5 million head, turning out over 9 million head of fed cattle annually, and increasing fed beef production by approximately ...
  2. Oct 15

    Rabobank Pork Quarterly Report: Global Pork Market Cooling Down

    With the peak of the 2014 porcine epidemic diarrhoea virus (PEDv) outbreaks behind us, the global pork industry was faced with another challenge in the shape of the Russian import ban affecting EU, US, and Canadian markets and resulting in a rapidly changing trade landscape. According to Rabobank’s Pork Quarterly report, beneficiaries of the ban include Brazil which has seen a 30% per kilogramme price surge. Meanwhile the EU has seen its prices drop by 9% with no sign of recovery. Even taking...