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Bloomberg FX Forecast Accuracy Ranking – Majors Q3’2019

U.S. Agriculture Taking a Toll From China

Rabobank Senior Grains & Oilseeds Analyst Stephen Nicholson appeared on CNBC’s Nightly Business Report to explain how the escalating trade war with China is affecting U.S. farmers.
Restaurants Are Turning To Faux-Guacamole Due To High Avocado Prices

Restaurants Are Turning To Faux-Guacamole Due To High Avocado Prices

Last year’s California heat wave delayed blooming for avocado crops, resulting in fewer Californian avocados available, explains Senior Analyst David Magana. “It started later than normal, and yields were lower this year," he says, adding that Mexican avocados were able to fill the void, though those supplies are now running low as well.
Holy Guacamole! Avocados Are Pricey And It’s The Pits

Holy Guacamole! Avocados Are Pricey And It’s The Pits

Amid record-high avocado prices, some L.A. restaurants have been selling guacamole without avocados, replacing the key ingredient with Mexican summer tender, a small squash. “We have the strongest demand for avocados in the U.S., probably ever," said Rabobank Senior Analyst David Magana. He explains how seasonal weather patterns affected California avocado yields, putting extra pressure on Mexican avocado farmers and contributing to a critical shortage of the popular fruit. Listen to the interview on NPR's The Salt here.
‘Crazy Flower’ Saves Avocado Lovers From Record-High Prices

‘Crazy Flower’ Saves Avocado Lovers From Record-High Prices

Just as record-high Mexican avocado prices were starting to squeeze American consumers, a “crazy flower” bloom on Mexican avocado trees is easing supply concerns, reports Bloomberg. Improved avocado supply in California in recent weeks is also taking the pressure off Mexico to provide the main ingredient for guacamole served in U.S. restaurant chains, said Rabobank Senior Analyst David Magana.
Bloomberg FX Forecast Accuracy Ranking – Majors Q3’2019

China Deals ‘Body Blow’ to Struggling U.S. Farm Belt

China’s halt to U.S. agricultural imports is particularly painful for U.S. hog farmers and pork processors, who were counting on higher exports to China, the world’s largest pork-consuming country, as a result of African Swine Fever, reports the Wall Street Journal. Rabobank estimates that China could lose up to 50% of its hog herd by the end of this year due to deaths from the disease and culling.
Rabobank Expects Up to 50% Loss in World’s Largest Pig Herd

Rabobank Expects Up to 50% Loss in World’s Largest Pig Herd

Farm Journal’s PORK – Christine McCracken – August 6, 2019 Rabobank predicts that China could lose up to 50% of its hog herd by 2020 due to African Swine Fever. “Half of the world’s pigs are in China and half of those are now eliminated, we think. Roughly a quarter of the world’s pigs have now perished,” said Senior Protein Analyst Christine McCracken. “That is a huge loss. It will leave the world quite obviously short of protein. It’s something that should be a big factor as we move into 2020.”
Bloomberg FX Forecast Accuracy Ranking – Majors Q3’2019

Tyson Foods Doesn’t Turn Tail in Perilous Market After Earnings

he Street – Rabobank mention – August 5, 2019 Despite strong third quarter earnings, Tyson Foods is not immune to the effects of the trade war on the overall food industry as pork continues to struggle and hog costs increase, reports The Street. Rabobank has predicted 200 million pigs will be killed either by the disease or action to curb the outbreaks, according to a Rabobank report.
Bloomberg FX Forecast Accuracy Ranking – Majors Q3’2019

Arkansas-based OK Foods offers workers raises, cars

OK Foods is raising its base hourly pay rate by 30 cents and awarding new cars to employees as an incentive, reports The Arkansas Gazette. An ever-tightening labor force has forced meatpackers to increase wages to retain employees. However, efforts to retain workers with 10% and 20% wage increases have been "at best, minimally effective," said Senior Animal Protein Analyst Christine McCracken in a labor report published in 2018.
Rising disease pressures are challenging the global pork market: Rabobank

Rising disease pressures are challenging the global pork market: Rabobank

African Swine Fever continues to threaten the global pork market. The disease has not only caused a production drop in several Asian countries, it’s also adding uncertainty to trade & production prospects in other parts of the world. Global Meat News covers insights from Rabobank’s Pork Quarterly Q3 report.
Amazon’s incredible, vanishing cardboard box

Amazon’s incredible, vanishing cardboard box

Retailers and shippers are working rapidly to reduce the use of cardboard packaging, which has risen sharply in recent years along with the growth of ecommerce. It's likely there will be more pressure from society to produce more sustainable packaging solutions, says Global F&A Supply Chain analyst Natasha Valeeva. "The trend is everywhere, but in Europe it may be progressing faster. It's from a consumer perspective, but also from regulations," she tells CNN Business.
Avocado Prices Have Doubled Since 2018 And Your Obsession With The Fruit Might Be To Blame

Avocado Prices Have Doubled Since 2018 And Your Obsession With The Fruit Might Be To Blame

During the week of July 4, wholesale prices of mid-sized avocados from Mexico were 129% higher compared to the same time last year. "This is the highest price for this time of the year in at least a decade, probably more," Senior Analyst David Magaña told USA Today in early July. Food news blog Delish explored potential consequences for consumers and restaurants in two follow-up articles later in the month.
Avocado Price Spikes Not All Because of Trade War

Avocado Price Spikes Not All Because of Trade War

Senior Analyst David Magaña explains the factors contributing to the sudden increase in avocado prices. The trade war with Mexico is not to blame, he says. Rather, growing global demand is contributing to a shortage of the popular fruit. "Avocados are not only consumed now for Super Bowl or during Cinco de Mayo celebrations but year-round," he says.
Rabobank: Organic foods sales still growing but at a slower pace

Rabobank: Organic foods sales still growing but at a slower pace

Despite strong sales numbers, growth for organic food has moderated, reports Food Navigator USA, citing new findings from Senior Analyst Roland Fumasi. The article highlights key factors contributing to the gradual slowdown and what organic suppliers must do to adapt to a maturing market.
Stonyfield Organic debuts dairy-free smoothie pouches

Stonyfield Organic debuts dairy-free smoothie pouches

As the desire for organic products stalls, companies are looking toward better-for-you formulations and convenient packaging to attract consumers, reports Food Dive. The article citing findings from Senior Analyst Roland Fumasi’s report on slowing sales growth for organic produce

US organic food market sales have cooled, report finds

Food Dive highlights findings from Senior Analyst Roland Fumasi’s report on organic produce premiums. Organic food sales increased by an average of 10% per year between 2010 and 2016, but that pace has cooled to 6% for the past two years, he states in the report. Several factors are contributing to the slowdown, including less availability. This Food Dive article was also shared by theFood Insider Journal and Specialty Food Association.

Pabst Blue Ribbon Launches Coffee-Flavored Beer

A product that brings together coffee with beverage alcohol is not surprising, says Global Beverage Strategist Stephen Rannekleiv in response to the release of PBR's new Hard Coffee product line. Category blurring has long been an industry trend, he says, noting that many beverage companies are looking outside their traditional categories for growth.