News

Morning round-up, Monday June 15

News15 Jun 2020by Jennifer Kincaid

Malaysia’s June 1-15 palm oil exports rose 82.7% according to Amspec Malaysia, putting them at 922,251 tonnes, versus 504,928 tonnes for the same period last month.
Pilgrim’s Pride president and chief executive officers, Jayson Penn, has begun a paid leave of absence to focus on his recent allegations, according to the company. Penn was indicted along with three other current and former industry executives on price-fixing charges.
Egypt’s state buyer GASC said it is seeking at least 30,000 tonnes of soyoil and 10,000 tonnes of sunflower oil in an international tender. The agency said it is seeking the oil for arrival from August 20 to September 5.
A JBS SA chicken plant was ordered to close by a Brazilian labour court in the southern state of Rio Grande do Sul. The closure will be for 14 days as the company’s workforce is tested for Covid-19.
Sugar output in Brazil rose 65% in the year through May, with Brazilian mills producing 8m tonnes of sugar in the first two months of the new crop. This is up from 4.8m tonnes a year earlier, according to industry group Unica.
Harvest of the 2019-20 midcrop cocoa in Nigeria remains low, and farmers aren’t optimistic about growth improving before next season’s main crop comes in, according to Dow Jones. They said a dry spell in the past months impacted the midcrop harvest in the country’s southwest and southeast cocoa-producing regions.
Argentina’s export industry chamber said it was "deeply concerned" about the government’s planned takeover of top soy crusher Vicentin. The move, which requires congressional approval, caused concerns among farmers, Vicentin, and other exporters that government intervention in the industry could compromise its independence.

Cocoa Sugar

World cocoa 2020-21

Agrimoney Markets Extra’s running table of estimates for global cocoa supplies next season

World cocoa 2019-20

Agrimoney Markets Extra’s running table of estimates for global cocoa supplies next season

Ghana cocoa 2020-21

Agrimoney Markets Extra’s running table of estimates for Ghana cocoa supplies in 2020-21 season

Cote d'Ivoire cocoa 2019-20

Agrimoney Markets Extra’s running table of estimates for Cote d’Ivoire cocoa supplies next season