Commodities news – Page 3
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Orange juice cost price increases looming amid citrus supply squeeze
Orange juice futures have this week surged to record highs after multiple hurricanes and disease-decimated crops in the US and Brazil
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NFU calls on government to prioritise domestic food production
The NFU is warning the government needs to take domestic food production as seriously as it does the environment
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2 Sisters firmly in the red amid supply chain woes
Turnover improvements were largely driven by inflation, said the business, which warned inflationary pressures had continued into 2023
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European heatwave to push up fruit & veg prices, experts warn
According to analysts, crop yields of fruit & veg grown in Spain are likely to be affected by the temperatures in southern Europe
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Lack of fertiliser self-sufficiency a risk to food security
The Commons Efra Committee said the government had not ’set out the steps it will take to protect domestic production of nitrogen fertiliser and [the] ammonia used in it’
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Cereal crops decimated by Europe’s heatwave
The 2023 European cereal harvest is set to be its lowest since 2007, some 9.5% lower than the five-year average, while other weather-beaten commodities have also taken a hit
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India and Ukraine grain shortages deal fresh blow for global food inflation
India’s rice export ban comes amid grain market volatility following Russia’s withdrawal from the Black Sea grain deal
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Noble Foods reports £11m loss in tough year for egg sector
Accounts posted at Companies House for Noble Foods Ltd showed an operating loss of £10.9m for the year to 30 September 2022
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Food security alert after Ukraine grain deal falls through
Russia this week pulled out of the deal, which had allowed the safe passage of Ukrainian wheat shipments from ports on its coast
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Arla to power UK operations with two new solar parks
The new solar parks will be in operation from Boston and Offham during 2024
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‘Profiteering’ fertiliser companies key drivers of food inflation, study claims
The UK’s three main fertiliser companies saw profits rise by 500% from 2020 to 2022, a thinktank has claimed
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Fischer Farms launches trial of vertically farmed strawberries
The agri-tech company has announced trials have started at its dedicated research and development farm in Litchfield
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AHDB CEO Tim Rycroft to step down later this year
Ex-FDF COO Rycroft said it was ‘the right time to leave’ after a two-year spell at the levy board
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Farmers handed power to challenge supermarket milk prices
The long-awaited new regulations were designed to ’promote fairness and transparency across the dairy sector’, Defra said
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Tissue sector hit by decline in recyclable paper supply
As increasing numbers of people turn to remote work, and offices become more digital environments, suppliers have less paper waste to turn into recycled paper for toilet tissue
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Glebe Farm pumps millions into single-site oat milk operation
Oat drink maker PureOaty has introduced a new food mile-reducing Tetra Pak filling line
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Food & drink manufacturing costs starting to ease
Production costs fell for the first time since April 2016, according to the Lloyds Bank UK Sector Tracker
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UK could become ‘dumping ground’ for deforestation-linked soy
Campaigners have claimed the UK’s upcoming anti-deforestation legislation is weaker than its EU counterpart
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Defra unveils ‘simplified’ update to post-CAP farm subsidy scheme
The improved Sustainable Farming Incentive will offer a greater number of sustainable criteria farmers can be rewarded for
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Ukrainian poultry giant MHP eyes major move on UK market
The supplier is targeting reaching a 10% market share in the UK by the end of next year