Rabobank Report: Sugar Quarterly Q4 – Strong Headwinds

23 December — 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.

December 2014

  1. 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...
  2. 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.
  3. 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...
  4. 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...
  5. 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...
  3. Oct 14

    Rabobank: Pricing Management to Optimise Wine Marketers Profits

    Pricing is becoming a greater challenge in the US market, according to Raboabnk’s Wine Quarterly Q4 report. Alongside improving sales volumes, the average price of wines sold in the US is rising, with the high-end of the market gaining share at the expense of lower priced wines. However, the US wine market is littered with once-profitable brands that were seduced by the short-term benefits of discounting and subsequently degraded their brand equity. In this increasingly challenging environmen...
  4. Oct 13

    Rabobank: Innovation is the essential ingredient to steer food and agriculture companies towards growth

    Global food & agribusiness (F&A) faces a remarkable conundrum. Right now the sector is struggling in an operating environment characterized by slow growth, soft demand and ample supply, which in combination are challenging business confidence. Yet the sector has a bright future. Over the longer term, growth in global F&A will be strong, driven by a powerful combination of population expansion, rising wealth and urbanisantion. So how can global F&A navigate its way through the sluggish operati...
  5. Oct 08

    Rabobank Sugar Quarterly Q3: Prices Dwindle under Weight of Stocks

    World market raw sugar prices declined abruptly during Q3 2014, as exportable stocks in Thailand and in Brazil weighed on the market, according to Rabobank’s Sugar Quarterly Q3 Report. March 2015 futures hit a low of USc/lb 15.6 in mid-September. As a result Rabobank anticipates a modest deficit on the cards for the global supply demand balance in 2014/15. This is expected to help redress—albeit gradually— the current imbalance between export availability and import demand. All commodity pric...
  6. Oct 07

    Rabobank: Opportunities to Tap into Turkey’s Vibrant Dairy Industry

    Turkey’s developing dairy market offers exciting opportunities in its emerging export industry with access to markets that western players have previously found difficult to service. According to Rabobank’s new report – Is Dairy Delight to be Found in Turkey – a growing urban population with an increasing level of disposable income and interest in value added products is also presenting an attractive and vibrant domestic dairy market. However, like any emerging region, there are challenges to...
  7. Oct 03

    Rabobank Beef Quarterly Q3: Russian bans won’t slow runaway markets

    Rabobank’s Beef Quarterly Q3 reports that global beef supply is in a tightening phase, with most key producing and export regions already experiencing record tight supplies. Further tightening is expected throughout the remainder of 2014 and into 2015. Russian import bans are unlikely to have a large impact on world beef markets with Brazil’s industry likely to be the ban’s largest beneficiary. The impact on major exporters, such as Australia and the US, will be minimal given increased impe...
  8. Oct 01

    Rabobank Dairy Quarterly Q3: Dairy enters a protracted bear market

    International and regional dairy markets are headed for 12 months of low prices according to Rabobank’s latest Dairy Quarterly report. The price of internationally traded dairy commodities has already fallen 30%-45% below February levels as a strong wave of milk from export regions collided with weaker Chinese buying and a Russian ban on import from key suppliers. With other importers unable to take up the slack, the market loosened considerably. While Rabobank believes that a bottom has been...

September 2014

  1. Sep 18

    Rabobank Spirits Quarterly Q3: Weighing the risks of “aye” and “nyet”

    Alcoholic beverages were the notable exception to the Russian sanctions but the looming threat that they may eventually be implemented weighs on the industry. On the other side of Europe, political tensions of a different kind are making Scotch producers nervous about a possible yes-vote for an independent Scotland. While some point to potential advantages for distillers from Scottish independence, the disadvantages, particularly in the short term, are numerous.