Sea World Wants to Build the World’s Biggest Fish Farm
The U.S. is the world’s third biggest consumer of seafood but only produces 9% domestically, instead relying upon foreign imports of which over half are farmed. Hubbs SeaWorld, the non-profit research facility associated with SeaWorld has partnered with private equity firm Cuna del Mar to build a 300,000 square foot fish farm off the coast
Read moreFire Destroys Sugar Warehouse at Brazil’s Santos Port
A third major fire at sugar terminals within the year has destroyed a sugar export terminal at Brazil’s Santos port this week which was 50-50 owned by Cargill Inc. and Biosev, the sugar division of Louis Dreyfus. The TEAG sugar terminal had the capacity to store 110,000 tons of sugar and at the time of the fire was storing 50,000 tons. I
Read moreWhat Foods Does Each Country Eat? These Charts Break it Down
Over the past 50 years the per capita amount of calories available has increased by 28% however this increase varies widely between countries. As of 2011 the amount of calories available per person in the U.S. totaled 3,641 (however not all of these calories were consumed, this number includes food that is wasted as well). Of these calorie
Read moreAfrica’s Sugar Ambition Turns Sour
After ten years of investments being made into Africa’s sugar sector, production is being cut back, mills are closing, and future projects are being put on hold as cheap, heavily subsidized imports from Brazil, China, and India are being sold at lower prices than domestically produced sugar. Africa is importing 5 million tons of sugar per
Read moreIndia Sugar Imports to Prove Bigger than Forecast
Increased consumption and exports rates will offset India’s increased sugar cane crushing this season, in turn supporting higher than expected imports. The U.S. Department of Agriculture (USDA) New Delhi bureau forecasts India’s sugar output for 2014/15 to be 27.25 million tons while the USDA official forecast is 650,000 higher. Howe
Read moreBrazil to Intensify Beef Production
Brazil is planning to accelerate the intensification of its beef industry over the next ten years to support its expansion into higher value exports to meet global demand. Rabobank states in its report “Beefing Up in Brazil: Feedlots to Drive Industry Growth” that Brazil’s feedlot capacity will double to 4.5 million head, producing 9 m
Read moreBrazilians Losing Money Before Soybean Crop Gets Planted
Although soybean prices are twice what they were ten years ago, global output is flooding demand. U.S. soybean production is forecast to climb 17% to 106.87 million tons brining global carryover inventories before next year’s harvest to 90.67 million tons according to the U.S. Department of Agriculture (USDA). The surplus will be the highe
Read moreThe New World of Chocolate: How is Consumption in Emerging Markets Developing?
In contrast with developed countries where chocolate consumption has declined, consumption has grown or remained steady in all BRIC countries (Brazil, Russia, India, China) and all MINT countries (Mexico, Indonesia, Nigeria, Turkey). Russia now ranks as a global top 20 chocolate consuming country and has the highest consumption of all the em
Read moreChinese Sugar Output to Fall Further than Thought
Chinese sugar production will fall by 1 million tons to 13.3 million tons in the upcoming 2014/15 season beginning this month according to the U.S. Department of Agriculture Beijing bureau. Cane acreage in Guangxi has fallen by 7% while acreage in Hainan has dropped by more than 20% as low prices restrict production. Other analysts forecas
Read moreRabobank Report: Global Wine Industry Q4 2014
Higher end wines are gaining market share as sales volumes increase and the average price of wine sold in the U.S. is rising according to Rabobank’s latest fourth quarter global wine industry report for 2014. Wines that diluted their brand’s value and discounted prices to gain in the short-term are finding the current market trends a cha
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