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Tuesday, June 9, 2020
China Folic Prices tumble 40% on-year (week ended Jun 5, 2020)
Soft demand continued to weigh down folic acid prices. Compared with the same period last year, folic acid prices have dropped more than 40%.
Tuesday, June 9, 2020
China Corn Weekly: Tight availability holds up prices (ended Jun 5, 2020)
Spot supplies of corn remained tight as the state reserves corn would enter the market only towards middle of the month. Consequently, corn prices remained firm over the week despite limited demand.
Monday, June 8, 2020
India's poultry farm prices return to pre-lockdown levels
The poultry sector of India is going back to business as usual with demand slowly rising after partial lifting of travel restrictions, The Hindu reported.
Monday, June 8, 2020
US Department of Justice issues subpoenas to major US meatpackers
The US Department of Justice (DOJ) formally demanded Tyson Foods, Cargill, JBS USA and National Beef to provide information about alleged antitrust violations regarding their pricing power over livestock producers, Bloomberg reported.
Friday, June 5, 2020
UN FAO reports 17-month low in world food price index in May
The United Nations (UN) Food and Agriculture Organisation (FAO) reported falling world food prices for a fourth month in a row due to the worsening economy caused by the global COVID-19 pandemic, Reuters reported.
Thursday, June 4, 2020
Mowi trials new AKVA-developed sea lice avoidance system in Scotland
Mowi becomes the first aquaculture company in Scotland to perform a commercial scale trial for a sea lice avoidance system known as Tubenet, developed by AKVA after successful trials conducted in Norway, Fish Information & Services reported ...
Thursday, June 4, 2020
Pilgrim's Pride CEO charged with alleged price-fixing over US chicken
The US Justice Department has charged the Jayson Penn, the president and CEO of Pilgrim's Pride along with three current and former executives with allegedly price-fixing chickens in the United States, Reuters reported.
Wednesday, June 3, 2020
Brazilian labour prosecutors' office sues JBS SA over Brazilian indigenous workers' rights violations
A suit was filed by the Brazilian labour prosecutors' office towards JBS SA, which had allegedly fired 40 workers from the Kaingang tribe from its plant in south Brazil because of COVID-19, Reuters reported.
Wednesday, June 3, 2020
Vietnam's pork prices skyrocket to 20-year high
Pork shortage caused by the African swine fever (ASF) epidemic last year sent Vietnam's prices to a 20-year high of VND103,000 (US$4.39) per kilogramme, VN Express reported.
Wednesday, June 3, 2020
Norway faces salmon price hike
According to the latest trade update from the Norwegian Seafood Council (NSC), the current price of whole salmon is higher than the previous year.
Tuesday, June 2, 2020
Australian dairy firms announce farmgate milk prices
On Monday, the dairy processors of Australia has announced their opening milk prices for the season under the new mandatory dairy code of conduct, ABC News reported.
Tuesday, June 2, 2020
China Corn Weekly: High reserves sales weigh on prices (ended May 29, 2020)
As the government released 4 million tonnes of reserves corn for sale, which was high than market expectations, abundant availability exerted pressure on the market. Traders who held back releases recently were eager to clear inventories in ...
Monday, June 1, 2020
China VD3: Poor demand sinks prices (week ended Jun 1, 2020)
Producers who were eager to clear piling inventories slashed prices lately to stimulate sales. Demand remained limited, however, as feed producers cut output while the livestock markets suffered severe price falls. Compared with a year ago, ...
Monday, June 1, 2020
China Fishmeal Weekly: Soft demand weakens prices (week ended May 29, 2020)
Demand for fishmeal from the aquaculture sector slowed as feed producers were reluctant to stock high inventories. As a result, port inventories of fishmeal expanded to 134,200 tonnes.
Friday, May 29, 2020
China's egg prices dive to historic lows
As inventories increase in the midst of sluggish demand, the poultry and egg prices in China have come under pressure in recent weeks, pushing egg prices to plunge to historic lows, Reuters reported.
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