Grocery Dive: Walmart’s Wine Section Gets a Refresh
August 17, 2020
Beverage Analyst Bourcard Nesin explains how grocers can take advantage of e-commerce channels to grow wine sales both online and in stores. Those who shop online tend to be wealthier and younger – a demographic that also tends to drink wine, he says. With the right online assortment, retailers are more likely to attract those same shoppers to the physical store. Given these trends, retailers like Walmart have a great opportunity to put forward a wine that’s well-priced and well-branded, he tells Grocery Dive.
EDairy News: Rabobank Economists Bearish on Milk Prices
Published August 26, 2020
Global Dairy Strategist Mary Ledman and Dairy Analyst Ben Laine expect continued volatility in global milk production, dairy consumption, and dairy trade in the year ahead. Ledman expects milk production to grow through the first half of 2021 in the Big 7 dairy regions, including the U.S., European Union, New Zealand, Australia, Argentina, Brazil and Uruguay. Laine says that government programs have played a large role in boosting dairy commodity prices this summer, but it’s still uncertain whether many of these programs will be renewed.
FarmWeek Now: Close call: Economist Predicts Growth of Beef Packing Capacity
Published August 6, 2020
Senior Animal Protein Analyst Don Close explains that there is a lack of beef packing capacity, but expects to see future growth in the industry, as demand for beef remains strong. “When you look at the long-term structure and growth opportunities in the U.S, it has put us in a good spot for building the industry,” he said during a recent webinar hosted by the Illinois Beef Association. Close also addressed the backlog of cattle, which he estimates to be at about 1 million head, as well as the current price volatility. “There’s so much turmoil in the current market, we need to let things calm down,” he said. Close recommends cattle farmers take advantage of the current premiums in the futures market.
FSR Magazine: Some Independent Restaurants Aren’t Sure They’ll Make it to November
Published August 7, 2020
Senior Consumer Foods Analyst Amit Sharma estimates that 50,000-60,000 independent restaurants will close as a result of the pandemic in the next year. This would reduce the size of the restaurant industry by 8-10%, he says. FSR Magazine cites these predictions in providing an updated outlook for the U.S. foodservice industry.
Forbes: Restaurant Failures In 2020 And Beyond Hurts Wine
Published August 5, 2020
Rabobank’s Wine Quarterly Q3 report reveals that it will take years for the wine industry to fully recover from the pandemic and projects that the high-end on-premise market will have the longest period of recovery. Rabobank says e-commerce can be a solution to current on-premise challenges, providing wineries with an alternative growth strategy and helping to offset the decline in tasting room sales.
Rabobank Group is a global financial services leader providing wholesale and retail banking, leasing, and real estate services in more than 40 countries worldwide. Founded over a century ago, Rabobank today is one of the world’s largest banks with over $640 billion in assets. In the Americas, Rabobank is a premier bank to the food, agribusiness and beverage industry, providing sector expertise, strategic counsel and tailored financial solutions to clients across the entire food value chain. Additional information is available on our website or on our social media platforms, including Twitter and LinkedIn.
Agribusiness researcher and economist leads team to serve Rabobank and Rabo AgriFinance clients.
Our RaboResearch analysts continue to look ahead at how COVID-19 will affect North American F&A supply chains long-term.
Rabobank, Fonds de solidarité FTQ, CDPQ and Fondaction Invest $150 Million in Sollio Cooperative Group
Sollio Cooperative Group, the largest Canadian agricultural coop with roots in Quebec, is pleased to announce that Rabobank Capital, Fonds de solid...