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

18 September — 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.

September 2014

  1. Sep 16

    Rabobank Poultry Quarterly Q3: Russian ban won’t derail bullish margin outlook

    The Russian ban will not derail the bullish outlook for poultry meat prices according to Rabobank’s Poultry Quarterly Q3 report. Strong fundamentals will promote further margin improvements in almost all regions of the world. While competing meat prices (i.e. beef, pork) are increasing, worldwide supply of chicken is relatively tight and provides a strong base for margin improvement, especially as grain prices are expected to see further declines in 2015.
  2. Sep 11

    Rabobank Fertiliser Quarterly Q3: Price support, but limited upside

    Fertiliser prices are slowly rising from the floor prices witnessed earlier this year, driven by both intentional and unintentional supply reductions. Seasonal demand, mostly from China, India and the US, is unlikely to cause any prolonged rise in prices for the fertiliser complex, while risk averse sentiment in global commodities is leading to reluctance towards stock accumulation across the fertiliser chains. Rabobank believes that bearish commodity prices will have limited impact on input ...
  3. Sep 10

    Rabobank: Tapping into potential growth of the Turkish Greenhouse Sector

    As one of the world’s largest greenhouse sectors, and with Europe’s highest per capita consumption of vegetables, Turkey is in a good position to capture further growth in future. According to a new report from Rabobank - The Greenhouse Sector in Turkey - expansion is mainly being driven by a rapidly developing domestic market and the country’s advantageous geographical position for exports, between the emerging markets of Eastern Europe and the Middle East. Moreover, there is huge potential ...

August 2014

  1. Aug 28

    Rabobank: Salmon Industry Tackles Legal and Biological Limits

    After a brief period of strong supply expansion in 2014, the global salmon industry is reverting to the ’high-cycle scenario’ present since late 2012. This temporary, but unusually long-lasting, undersupply and high price environment is expected to remain for at least the coming two years. During this period, the salmon farming industry will focus strongly on biosecurity, sustainability, cost control, certification and technological innovations. We expect increased global demand to support th...
  2. Aug 12

    EU Isoglucose production to take off post-2017

    The future of the EU isoglucose market may look sweet, but it is also full of uncertainties. According to a new report from Rabobank – Will Starch Grains Beat Sugar? - the impending change in EU sugar policy in 2017 could trigger a shift from sugar to isoglucose usage. Rabobank believes that isoglucose production could take off, particularly in grain and starch-rich but sugar-poor countries such as Hungary, Romania and Bulgaria. At the same time, other regions in the EU are also set to captur...

July 2014

  1. Jul 30

    Rabobank Wine Quarterly Q3: Adapting to a changing consumer landscape

    With growth in mainstream demand for wine noticeably shifting towards new markets and consumers, the current challenge for wine companies is how to adapt to an evolving consumer landscape, according to the latest Wine Quarterly report from Rabobank. It appears that fortune favours the brave as market segmentation is ushering in a new wave of innovation in global wine styles, marketing and distribution. A consumer-centric approach will become key to drawing in—and remaining relevant to—new gen...
  2. Jul 28

    ​Rabobank Report: Significant potential for Tanzanian coffee industry, but serious challenges remain

    With proper investment and training Tanzania is well placed to achieve its potential in the global coffee markets. However, according to the latest report from Rabobank, Climbing Kilimanjaro: Tanzania's Future in Global Coffee serious governmental efforts are needed to overcome the country’s current stagnation in production and enable farmers to improve the quality of their beans. To address these issues, the Tanzanian government should work with the industry to create dedicated value chains.
  3. Jul 25

    Rabobank Pork Quarterly Report: Where to source pork is the question

    The global pork market is moving into record territory in Q3. Especially in the exporting countries impacted by the porcine epidemic diarrhoea virus (PEDv), hog and pork prices will continue to break records in the remainder of Q3 and into Q4. In the non-impacted countries, this, plus the high prices for beef and poultry, will support bullish hog and pork prices. However, in the European Union (EU) and China, markets will improve seasonally but will not reach the highs experienced in other co...
  4. Jul 15

    US set to become urea self-sufficient on fertiliser capacity boom

    US nitrogen fertiliser capacity has boomed in recent years as natural gas costs have decreased. According to a new report from Rabobank – A Shale Tale: The aftermath of the US Nitrogen Fertiliser Boom - the US nitrogen fertiliser market is now reaching a point of saturation, as announced capacities are expected to come online in the next few years. Market saturation, increasing fixed and variable costs for production make further capacity additions in the short term unlikely. However, the rec...
  5. Jul 14

    America Becoming a “Nation of Suckers” as Mints Deflate U.S. Gum Sales in Market for Fresh Breath

    Americans are chewing a lot less gum these days, according to a new report from Rabobank – and it is mints, that are taking the “share of mouth”. The report, “A Nation of Suckers,” points out that the $4 billion U.S. gum market is down 10% in sales and a whopping 20% in volume in the last five years alone. Sales are falling across the board, from kid-friendly bubble gum to mainstream sugar-free chewing gum. Rabobank says the widespread exodus suggests it is an issue with the category itself,...
  6. Jul 11

    Rabobank Sugar Quarterly Q2: Small global deficit in 2014/15 to end four years of surplus

    The global sugar market has been trading sideways in the past three months, as prices have been confined in a range between USc 16.5/lb and USc 18.5/lb, according to Rabobank’s Sugar Quarterly Q2 2014. Brazil continues to send conflicting signals to the sugar market. While initial cane production estimates of 570 million tonnes and 32.8 million tonnes of sugar remain for the region, this is subject to revisions, depending on how the weather progresses in the coming months after a long dry per...
  7. Jul 09

    Rabobank Global Dairy Top-20

    The latest annual Rabobank survey of the world’s largest dairy companies highlights the giants of one of the world’s most valuable food sectors. The last 18 months have seen most of these players battle challenging conditions, with weak economies and supply constraints undermining sales growth in key markets. Against this backdrop, mergers and acquisitions have become an attractive route to growth and profitability. But with billion dollar deals increasingly hard to come by, dairy giants will...
  8. Jul 02

    Rabobank Beef Quarterly Q2: Chinese import volume remains historically high

    According to the latest Rabobank report, Beef Quarterly Q2 2014, the global beef market will regain its positive momentum in Q3, once the current, temporarily high supply has worked through the system. This will likely support further strengthening of prices, as supply of competing animal proteins tighten. The main wildcards for the start of these positive developments are rainfall in Australia, and to a lesser extent the continued drought in US and Brazil pushing more cattle through the sys...

June 2014

  1. Jun 26

    Rabobank Poultry Quarterly Q2: Prices taking off as macroeconomic conditions improve

    Global poultry prices are taking off in Q2, according to Rabobank’s Poultry Quarterly Q2: Prices Taking Off report. This bullishness is driven by relative price support from high beef and pork prices alongside demand recovery and a more balanced supply and demand situation in most regions of the world. This is expected to lead to an improvement in profitability for the global poultry industry.