CNN: A year ago, this company had 750 customers. Today it has 6,000.
Published October 23, 2020
Senior Beverage Analyst Jim Watson discusses how subscription coffee services, like Seattle startup Bottomless, can take advantage of the shift to at-home coffee consumption during the pandemic. People are spending more for whole bean coffee and pricier grounds, he says, noting that “probably one of the biggest opportunities out there is to tap into local roasters.” While grocery stores typically have a solid selection of premium and specialty coffees, they tend to be from national or global brands. One of the reasons why a company like Bottomless can do well is because grocers aren’t meeting that local roaster need, says Watson.
Ag Professional: Inputs to Purchase Now Versus in 2021
Published October 5, 2020
Farm Inputs Analyst Sam Taylor discusses how to manage input prices in today’s current market. Due to the uncertainty that comes with COVID-19, farmers need to work with their suppliers to figure out what needs to be bought today, and what can wait until 2021. Taylor says there may be some risk in waiting to purchase crop protection products. “There is a heightened risk of shortages given the exposure we have to China for active ingredients. But remember, we do have domestic production of certain key chemicals, so there is a risk mitigant in this space,” he says. Seed purchases, on the other hand, may be fine to delay. “Not taking the prepay discount and keeping a little bit of flexibility could be a long-term advantage,” he says.
Feedstuffs: Window of opportunity for U.S. pork in China likely to close
Published October 30, 2020
Rabobank estimates that China could return to 95% self-sufficiency in pork production as soon as 2024-25. “This provides a window of continued opportunity for global pork exporters to see incremental demand increases, but this window is likely to close in the coming years,” says Senior Animal Protein Analyst Christine McCracken in the Pork Quarterly Q4 report. When import demand from China drops, exporting countries will be forced to find secondary trade markets, and this will likely result in larger domestic supplies. Due to a weaker global economy, larger domestic supplies will translate into weaker product pricing and lower hog values, analysts say.
Food Dive: Is Coronavirus Accelerating the Growth of Plant-based Meat?
Published October 13, 2020
Senior Consumer Foods Analyst Nick Fereday discusses plant-based meat, and whether the effects of the coronavirus pandemic will continue to drive growth for the sector. Fereday says that despite rapid growth, plant-based sales are still small compared to what is generated by the conventional meat market every year. Fereday likens the plant-based trend to the introduction of alternative sweeteners. While there are many alternative sweeteners available today, they are still just a small portion of the market, which is dominated by sugar, he says.
Ag Update: Dairy market improves as consumers go ‘back to basics’
Published October 8, 2020
Global Dairy Strategist Mary Ledman and Dairy Analyst Ben Laine discussed the growth in dairy product sales since the start of the pandemic and expectations for the future at a recent industry webinar. Consumption of milk, cheese, ice cream, butter, and other dairy products spiked in the spring and summer of 2020 when COVID-19 restrictions were at their peak. Looking ahead, Ledman says that year-over-year production gains are expected through the first half of 2021, with COVID having a “positive impact” on dairy’s image.
The Packer: The Business Case for Contributing to a Sustainable Global Food System
Published October 16, 2020
Rabobank’s Roland Fumasi, Head of RaboResearch F&A in North America, was a featured speaker at the first Sustainable Product Summit in September, where he explained how environmental, social, and economic factors come into play when establishing a business case for sustainability. His session focused on helping produce industry players recognize, measure and communicate the cost-benefit equation for existing and increasing sustainability efforts.
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.
Rabobank has announced it will provide a $50 million debt facility to support Redaptive, Inc. in building its customer portfolio.
Rabobank is seeking nominations for its annual North America Leadership Awards, which recognize North American Food & Agribusiness (F&A) companies ...
DirectBooks, the capital markets consortium founded to optimize global financing markets, today announced that Scotiabank, Rabo Securities and Hunt...