Food & Agribusiness Talking Points 11-01-2016

f&a picture

Bindaree Beef a hit in China

Last month Bindaree Beef with its meat and sales marketing business, Sanger Australia joined forces with JD.com, China’s largest online direct sales company to sell their ‘First Cut Pure Australian Beef’ to China. JD.com received more than 2000 comments since its launch with Chinese customers loving the product. 4.3 tonnes landed last Monday including a wider range of products on the back of the initial success. Chinese customers prefer to order products on their phones, this is where e-commerce will play its role in future sales. Click here for article.

New export mark for Fonterra

Fonterra shipped 300,000 tonnes of product to its global markets, a new monthly record. Fonterra Managing Director of Global Ingredients Kelvin Wickham commented on the company’s success in direct to customer ingredients, consumer and foodservice sales. This is all the while Fonterra is predicting year on year drop in milk volumes due to milk and climate conditions. Click here for article.

Pakistan cotton imports triple on output lows

Cotton production has dropped to the lowest point in 17 years due to poor weather and pest outbreaks, requiring the country to reach record level imports to cater for demand. Pakistan the world’s fourth largest cotton producer will need to source supply from West Africa and India to make up for the short fall, additionally where other reports show Thailand has switched to preference of yarn imports over unspun cotton. Click here for article.

Will Robusta coffee continue to decline?

World coffee prices will be heavily dependent on the upcoming Brazilian harvest data. Robusta coffee futures dropped 21% in 2015, and Arabica dropped 24% in New York. Drought in the Brazilian state of Espirito Santo, Brazil’s largest producing state has led to these dampened expectations even though coffee demand has soared more than 40% in the past 15 years, yet there has only been a 25% increase in production. Click here for article.