and the World Market for Wine The Central Valley is a Central Part of the Competitive World of Wine What is happening in the world of wine?

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "and the World Market for Wine The Central Valley is a Central Part of the Competitive World of Wine What is happening in the world of wine?"

Transcription

1 The Central Valley Winegrape Industry and the World Market for Wine Daniel A. Sumner University it of California i Agricultural l Issues Center January 5, 211 The Central Valley is a Central Part of the Competitive World of Wine What is happening in the world of wine? Where in the world is the competition and what are they doing? What are the drivers of changes in global demand and costs of competitors? Where and why is demand growing or not growing and who benefits? What are the cost conditions elsewhere? What are the current policy developments? Especially what is the EU doing and what in the world does it mean for the competitive position of Europe? What is the competitive position of the Central Valley? 1

2 International Wine Markets: Imports and Exports 6 5 Monthly volume of imports of all wine into the U.S. by origin EU Chile Australia Argentina 4 million liters

3 3. Monthly volume of imports of all wine into the U.S. from France, Italy and Spain France Italy Spain million liters Monthly volume of imports of bulk wine (containers holding over 4 liters) into the U.S. by origin EU Chile Australia Argentina million liters

4 Monthly value of imports bulk wine (containers holding over 4 liters) into the U.S. by origin EU Chile Australia Argentina $ millions Annual value of U.S. exports of all wine by destination Japan Canada Hong Kong China EU 27 $ millions

5 Monthly volume of exports of all U.S. wine by destination Japan Canada Hong Kong China EU 27 million liters $ millions Annual value of exports of U.S. bulk wine (in containers holding over 2 liters) by destination Italy United Kingdom Japan Canada Germany Hong Kong China

6 18 Monthly volume of exports of U.S. bulk wine (in containers holding over 2 liters) by destination million liters 1 8 Japan Canada 6 Hong Kong China 4 EU Monthly value of exports of U.S. bulk wine (in containers holding over 2 liters) by destination Japan Canada Hong Kong China EU $ millions

7 The wine world is continuing to expand outside Europe Production has stopped falling in Europe and is growing in the rest of the world Consumption continues to fall in traditional big wine producing European countries Much of world trade is within the EU South to North These patterns continue to change as the rest of the world grows in importance on both sides of the supply and demand balance Consumption growth in Northern Europe and the world outside Europe is accompanied by production growth outside Europe 13 U.S. adult population and per capita consumption of wine, Adult population (millions) Liters per adult

8 Consider simple statistical projections from the historical data We use past 5 years of consumption data in each place to project forward 2 years using recent patterns to forecast subsequent years, smoothing out big movements. This time series forecast approach is more sensible than just a linear or other trend line because it puts more weight on recent years, but it does not really do any economic or industry analysis. Consider this a straw man. We use no real information other than that the future will be like the past in relatively simple ways. But, if we think the future will be different we need some good reasons. 15 liters per capita Annual per capita consumption of wine France Italy Spain Germany USA Projected Note: projections estimated using exponential smoothing with a damped trend 16 8

9 Annual total consumption of wine in some significant consuming countries and projections until 23 1 hectoliters 7, 6, 5, 4, 3, 2, France Italy Germany UK Spain Argentina USA Projected 1, 17 2% 11% 12% Consumption shares of the top 1 wine consuming countries 3% 1% 3% 25% France USA Spain Italy Germany UK Argentina Romania Portugal Australia 4% 3% 3% 7% 7% 8% 26% 9% 3% 3% 3% 12% 16% 6% 16% % 21% 18% 13% 13% 9% 15% 19% 23 (projected) 18 9

10 What does population and income growth mean for the wine markets of the future? The wine consuming markets are NOT in the fastest growing g parts of the globe. The Middle East, south Asia and Africa are growing and none have much of a history of wine or, probably, much future. The rich world is a shrinking share of the global consumption of most food and consumer products. These demographics mean that the overall wine market is not like food and agricultural markets generally. 19 Plant or Pull? One simple equation Compare across potential crops: Profit = Price X Quantity Costs But, we must look far into the future and consider the interest rates and expectations So the equation is really a little less simple Variability causes complications too Adds to risk 1

11 Expected prices Expected prices hinge on the interaction of expected long run crop supply conditions in competitive regions and long run demand conditions in relevant markets. Expected future demand includes the US market and potential export markets. In all markets, expected future demand depends on expectations about prices of substitutesfoods, new product developments, nutritional benefits, income growth, demographic trends such as age distributions, ethnicity and etc. In export markets, tariffs and other barriers to access also determine relevant demands. Indexed prices for milk, cotton, rice and winegrapes, All milk 3 Upland cotton 1995= All rice All wine (District 13) 1 5 Source: NASS. Agricultural Prices and Grape Crush Reports. All Milk and all rice prices are for California. Upland Cotton price is national. 11

12 Measures of volatility in average annual price changes, Averaged absolute values of annual percent price changes Averaged absolute values of annual percent deviation from trendline (linear) All Milk Upland All Rice Winegrapes Cotton (percent) Source: NASS. Agricultural Prices and Grape Crush Reports. All Milk and all rice prices are for California. Upland Cotton price is national. Korean Free Trade Agreement: Competition with other exporters in crucial The best opportunities are to expand in the Korean market tfor products where Korean production is small or potential for Korean supply expansion is limited One emphasis to use lower barriers to compete One emphasis to use lower barriers to compete with other who already have trade deals (Chile) or may develop deals (Australia and the EU) 12

13 Wine and tree nuts have significant potential Wine must build stronger Korean demand to compete with Chile, EU and Australia Korean consumption of tree nuts is low and has a huge upsides for taste and health reasons 17 Index of monthly trade weighted exchange rate for U.S. imports of all wine 15 Jan 1997= Jan 97 Jul 97 Jan 98 Jul 98 Jan 99 Jul 99 Jan Jul Jan 1 Jul 1 Jan 2 Jul 2 Jan 3 Jul 3 Jan 4 Jul 4 Jan 5 Jul 5 Jan 6 Jul 6 Jan 7 Jul 7 Jan 8 Jul 8 Jan 9 Jul 9 Jan 1 Jul 1 13

14 EU Wine Policy has changed Policy to remove bulk wine from the market is being phased out Some relaxation of intrusive regulations Paying growers to remove vineyards Paying growers for environmental services even if they do not grow winegrapes Some of these shift out the supply of bulk wine from Europe some of them shift back the supply. The next result is not yet clear. P, wine in Europe The effect of EU subsidy changes on EU wine supply is not yet clear Demand Supply?? Q, bulk wine in Europe 14

15 Other issues for changes within the industry Bulk commodity wine vs. expensive packaged wine Branded commodities Easy to reproduce product hard to reproduce the brand high profit margin Colas, shampoos, beers Branded wine different model than wines with unique terroir or practices produced by distributors i who capture benefits Australian wine in the US has partially achieved this and others are attempting to use commodity grapes Traceability, location and labeling what is the role for policy and industry practice 29 Country of origin other labeling issues as the industry evolves to global sourcing without appellations of importance Traceability for products of mixed origin Potential for blending wines from different regions of the world To what extent does terroir matter for bulk wine? Issue that wine industry doesn t necessarily face but the food industry does Effects of regulation and policy: will governments mandate added labeling for wines with multiple international sources 3 15

16 Thank you! 16

Global Grape Report JUI CE P RODU C TS A S SOCI ATION FA L L BU S I N ESS M E E TING N OV E MBER 5,

Global Grape Report JUI CE P RODU C TS A S SOCI ATION FA L L BU S I N ESS M E E TING N OV E MBER 5, Global Grape Report JUICE PRODUCTS ASSOCIATION 2017 FALL BUSINESS MEETING NOVEMBER 5, 2017 DEDICATED BROKERS IN 8 COUNTRIES GLOBALLY BASED TO BUILD YOUR BUSINESS WORLDWIDE INTRODUCTION Ciatti Co 8 Regional

More information

World vitiviniculture situation

World vitiviniculture situation World vitiviniculture situation Surface area Grape Wine Global grape production Production Consumption Trade 2016 FAO-OIV Focus: Table and Dried Grapes 2 Global area under vines Area under vines in the

More information

W or ld Cocoa and CBE mar kets. Presentation to Global Shea 2013 By Richard Truscott, LMC International, Oxford, UK

W or ld Cocoa and CBE mar kets. Presentation to Global Shea 2013 By Richard Truscott, LMC International, Oxford, UK W or ld Cocoa and CBE mar kets Presentation to Global Shea 2013 By Richard Truscott, LMC International, Oxford, UK www.lmc.co.uk Outline The use of CBEs Chocolate and CBE demand trends Cocoa production

More information

January 2015 WORLD GRAPE MARKET SUPPLY, DEMAND AND FORECAST

January 2015 WORLD GRAPE MARKET SUPPLY, DEMAND AND FORECAST January 2015 WORLD GRAPE MARKET SUPPLY, DEMAND AND FORECAST Table of Contents Executive Summary... 4 1. VARIETIES OF GRAPES... 6 1.1. White table grapes... 6 1.2. Red table grapes... 6 2. WORLD DEMAND

More information

THE GLOBAL PULSE MARKETS: recent trends and outlook

THE GLOBAL PULSE MARKETS: recent trends and outlook THE GLOBAL PULSE MARKETS: recent trends and outlook CICILS/IPTIC 2004 CONVENTION 10-12 12 June 2004 Beijing, China Boubaker BENBELHASSEN Commodities and Trade Division United Nations Food and Agriculture

More information

Evolving Consumption Patterns and Free Trade Agreements: Impacts on Global Wine Markets by 2020

Evolving Consumption Patterns and Free Trade Agreements: Impacts on Global Wine Markets by 2020 Evolving Consumption Patterns and Free Trade Agreements: Impacts on Global Wine Markets by 2020 Kym Anderson University of Adelaide and Australian National University kym.anderson@adelaide.edu.au Glyn

More information

Growing Trade & Expanding Markets. Presentation to the Canadian Horticultural Council Trade and Marketing Committee Fred Gorrell March 14, 2018

Growing Trade & Expanding Markets. Presentation to the Canadian Horticultural Council Trade and Marketing Committee Fred Gorrell March 14, 2018 Growing Trade & Expanding Markets Presentation to the Canadian Horticultural Council Trade and Marketing Committee Fred Gorrell March 14, 2018 Outline Sector Snapshot Export Trends & Opportunities Trade

More information

Outline. Long-term Outlook for Cotton Consumption. World End-Use Consumption of Textile Fibers. World Consumption of Textile Fibers

Outline. Long-term Outlook for Cotton Consumption. World End-Use Consumption of Textile Fibers. World Consumption of Textile Fibers World Cotton Supply and Use International Cotton Advisory Committee Secretariat Outline! Long-term Outlook for Consumption! Outlook for /! Developments in World Cotton Trade Fifth Open Session: Cotton

More information

DERIVED DEMAND FOR FRESH CHEESE PRODUCTS IMPORTED INTO JAPAN

DERIVED DEMAND FOR FRESH CHEESE PRODUCTS IMPORTED INTO JAPAN PBTC 05-04 PBTC 02-6 DERIVED DEMAND FOR FRESH CHEESE PRODUCTS IMPORTED INTO JAPAN By Andreas P. Christou, Richard L. Kilmer, James A. Stearns, Shiferaw T. Feleke, & Jiaoju Ge PBTC 05-04 September 2005

More information

More information from: https://www.wiseguyreports.com/reports/ global-online-food-delivery-and-takeaway-marketanalysis-by-order-type

More information from: https://www.wiseguyreports.com/reports/ global-online-food-delivery-and-takeaway-marketanalysis-by-order-type Report Information More information from: https://www.wiseguyreports.com/reports/1079744-global-online-food-delivery-and-takeaway-marketanalysis-by-order-type Global Online Food Delivery and Takeaway Market

More information

Sample. TO: Prof. Hussain FROM: GROUP (Names of group members) DATE: October 09, 2003 RE: Final Project Proposal for Group Project

Sample. TO: Prof. Hussain FROM: GROUP (Names of group members) DATE: October 09, 2003 RE: Final Project Proposal for Group Project Sample TO: Prof. Hussain FROM: GROUP (Names of group members) DATE: October 09, 2003 RE: Final Project Proposal for Group Project INTRODUCTION Our group has chosen Chilean Wine exports for our research

More information

Major California Agricultural Exports to the Top Destinations in 1999* (1) Canada Rank Approximate Export Value (millions)

Major California Agricultural Exports to the Top Destinations in 1999* (1) Canada Rank Approximate Export Value (millions) (1) Canada Rank Approximate Export Value (millions) Table Grapes 1 119 Tomatoes, Processed 2 115 Lettuce 3 102 Wine 4 84 Strawberries 5 78 Carrots 6 50 Tomatoes, Fresh 7 43 Peaches/Nectarines 8 42 Broccoli

More information

World vitiviniculture situation

World vitiviniculture situation World vitiviniculture situation Surface area Grape Wine Global grape production Table and dried grapes Production Consumption Trade 2017 OIV Focus: Vine varietal distribution in the world 2 Global area

More information

Citrus: World Markets and Trade

Citrus: World Markets and Trade United States Department of Agriculture Foreign Agricultural Service Citrus: World Markets and Trade Oranges Global orange production for 2012/13 is forecast to drop over 4 percent from the previous year

More information

Wines of British Columbia Liberal Party of Canada s Pacific Caucus (July 19, 2016)

Wines of British Columbia Liberal Party of Canada s Pacific Caucus (July 19, 2016) Wines of British Columbia Liberal Party of Canada s Pacific Caucus (July 19, 2016) Wine Region Comparison Region Acres Spain 2,724,700 France 1,966,510 Italy 1,712,607 United States 943,750 Argentina 560,000

More information

GLOBAL DAIRY UPDATE KEY DATES MARCH 2017

GLOBAL DAIRY UPDATE KEY DATES MARCH 2017 MARCH 2017 GLOBAL DAIRY UPDATE European milk production decreased for the seventh consecutive month, while the US remains strong. The rate of decline in New Zealand production is easing. US exports continue

More information

Milk and Milk Products: Price and Trade Update

Milk and Milk Products: Price and Trade Update Milk and Milk Products: Price and Trade Update June 217 * International dairy prices The FAO Dairy Price Index averaged 29 points in June, up 16 points (8.3 percent) from January 217 and 71 points (51.5

More information

In conjunction with the 4th Annual

In conjunction with the 4th Annual Special Issue The World of Wine: Economic Issues and Outlook Notes from the Guest Editor: Daniel A. Sumner V. 13 no. 6 Jul/Aug 2010 Also in this issue Is the World Overflowing with Wine? The Global Context

More information

European and Global Markets for Flexible Packaging. John Durston, FPE Vice-Chairman. with kind support of Paul Gaster, PCI FILMS (www.pcifilms.

European and Global Markets for Flexible Packaging. John Durston, FPE Vice-Chairman. with kind support of Paul Gaster, PCI FILMS (www.pcifilms. European and Global Markets for Flexible Packaging John Durston, FPE Vice-Chairman with kind support of Paul Gaster, PCI FILMS (www.pcifilms.com) World Flexible Packaging Market 2004 North America 36%

More information

MEXICO WATER REPORT. Bottled Water in Mexico: Second & Growing

MEXICO WATER REPORT. Bottled Water in Mexico: Second & Growing Issue 2 Spring 2011 Editor: Vince Lencioni General Manager Contributors: Claire Carranza, Alejandro Vega MEXICO WATER REPORT Bottled Water in Mexico: Second & Growing In 2009, Mexican bottled water volumes

More information

World of sugar PAGE 54

World of sugar PAGE 54 World of sugar More than 1 countries produce sugar, about 8% of which is made from sugar cane grown primarily in the tropical and sub-tropical zones of the southern hemisphere, and the balance from sugar

More information

Acreage Forecast

Acreage Forecast World (John Sandbakken and Larry Kleingartner) The sunflower is native to North America but commercialization of the plant took place in Russia. Sunflower oil is the preferred oil in most of Europe, Mexico

More information

Effect of new markets on the supply-demand balance

Effect of new markets on the supply-demand balance Effect of new markets on the supply-demand balance Presentation to ICO Seminar Robert Simmons, LMC International, Oxford, UK www.lmc.co.uk Global coffee consumption has grown at by over 2% per annum over

More information

QUESTIONS FOR REFLECTION: VISUAL 4.1 WHY DID THE COLONISTS PROSPER BETWEEN 1585 AND 1763?

QUESTIONS FOR REFLECTION: VISUAL 4.1 WHY DID THE COLONISTS PROSPER BETWEEN 1585 AND 1763? VISUAL 4.1 WHY DID THE COLONISTS PROSPER BETWEEN 1585 AND 1763? Gold and silver had not been discovered in colonial America during this period, and there were no spices to trade. England held sway as a

More information

CONSUMER TRENDS Pulses In India

CONSUMER TRENDS Pulses In India International Markets Bureau MARKET INDICATOR REPORT DECEMBER 2009 CONSUMER TRENDS Pulses In India Consumer Trends Pulses in India EXECUTIVE SUMMARY While India is the largest producer of pulses in the

More information

Table grape. Horticulture trade intelligence. Quarter 1: January to March 2017

Table grape. Horticulture trade intelligence. Quarter 1: January to March 2017 Horticulture trade intelligence A custom report compiled for Hort Innovation by Euromonitor International Table grape Quarter 1: January to March 217 Horticulture trade intelligence: Table grape: 217:

More information

World sugar market. Platts/Kingsman EU conference Geneva 14th of April Benoît Boisleux

World sugar market. Platts/Kingsman EU conference Geneva 14th of April Benoît Boisleux World sugar market Platts/Kingsman EU conference Geneva 14th of April 215 Benoît Boisleux One year evolution of world prices NY 11 (2 nd month continuation) Cts/lb 2 Kingsman EU conf 8 April 214 NY 2nd

More information

Global Trade in Mangoes

Global Trade in Mangoes Global Trade in Mangoes October 2014 Jim Lang Managing Director TradeData International Pty Ltd jim.lang@tradedata.net www.tradedata.net COUNTRIES WITH MONTH IMPORT STATISTICS 1. The global market is just

More information

Wine Economics Research Centre Wine Policy Brief No. 6

Wine Economics Research Centre Wine Policy Brief No. 6 Wine Economics Research Centre Wine Policy Brief No. 6 How much have exchange rate movements reduced competitiveness of Australian wines? Kym Anderson and Glyn Wittwer Wine Economics Research Centre School

More information

World coffee consumption increases but prices still low

World coffee consumption increases but prices still low World coffee consumption increases but prices still low The coffee market stabilised slightly in February, but prices remain at very low levels. A lack of news regarding fundamentals with expectations

More information

Thailand Packaging Machinery Market. Jorge Izquierdo VP Market Development PMMI

Thailand Packaging Machinery Market. Jorge Izquierdo VP Market Development PMMI Thailand Packaging Machinery Market Jorge Izquierdo VP Market Development PMMI jizquierdo@pmmi.org www.pmmi.org/global www.pmmi.org/research Today General Economic and Political Highlights Current Packaging

More information

China: The Untapped Freighter Market

China: The Untapped Freighter Market China: The Untapped Freighter Market A China USA perspective Marco Bloemen, YDL Management Consultants E: marco@ydl.nl T:+31-3465-64244 Scope of this presentation Macro-economic figures China - USA Air

More information

Milk and Milk Products. Price and Trade Update. Weekly Newsletter. Milk and Milk Products. Price and Trade Update: April

Milk and Milk Products. Price and Trade Update. Weekly Newsletter. Milk and Milk Products. Price and Trade Update: April April Milk and Milk Products Price and Trade Update Weekly Newsletter Milk and Milk Products Price and Trade Update: April 1 PRICES: Remain depressed International dairy product prices began the year at

More information

Small Fruit Trends in Japan

Small Fruit Trends in Japan MARKET ACCESS SECRETARIAT Global Analysis Report Small Fruit Trends in Japan July 2016 EXECUTIVE SUMMARY Japan is ranked the 16 th largest importer of fresh small fruits worldwide, with a value of US$124.6

More information

Company name (YUM) Analyst: Roman Sandoval, Niklas Podhraski, Akash Patel Spring Recommendation: Don t Buy Target Price until (12/27/2016): $95

Company name (YUM) Analyst: Roman Sandoval, Niklas Podhraski, Akash Patel Spring Recommendation: Don t Buy Target Price until (12/27/2016): $95 Recommendation: Don t Buy Target Price until (12/27/2016): $95 1. Reasons for the Recommendation One of the most important reasons why we don t want to buy Yum is the growth prospects of the company in

More information

OPPORTUNITIES FOR SRI LANKAN VIRGIN COCONUT OIL IN TURKEY

OPPORTUNITIES FOR SRI LANKAN VIRGIN COCONUT OIL IN TURKEY OPPORTUNITIES FOR SRI LANKAN VIRGIN COCONUT OIL IN TURKEY Prepared by: Embassy of Sri Lanka, Turkey June 2017 CONTENTS 1. SUMMARY... 3 2. MARKET DESCRIPTION... 3 3. POSITION OF SRI LANKAN VIRGIN COCONUT

More information

Demand and supply trends in flat rolled products - Packaging

Demand and supply trends in flat rolled products - Packaging Demand and supply trends in flat rolled products - Packaging Nick Madden Vice President and Chief Procurement Officer March 10, 2010 Novelis is a Global Industry Leader! The world s leading producer of

More information

Record exports from Brazil weigh heavy on the coffee market

Record exports from Brazil weigh heavy on the coffee market Record exports from Brazil weigh heavy on the coffee market Coffee exports from Brazil reached a record high of 36.8 million bags in crop year 2014/15 (April to March), fuelled by domestic stocks and encouraged

More information

Citrus: World Markets and Trade

Citrus: World Markets and Trade Department of Agriculture eign Agricultural Service January Citrus: World Markets and Trade Citrus: / ecast Global Orange Production and Trade Expand Global production and trade for is forecast at. million

More information

LETTER FROM THE EXECUTIVE DIRECTOR

LETTER FROM THE EXECUTIVE DIRECTOR E LETTER FROM THE EXECUTIVE DIRECTOR COFFEE MARKET REPORT December 2008 Price levels in December confirmed the downward trend recorded in the coffee market since September 2008. The monthly average of

More information

Paper Packaging Practice June Copyright 2015 RISI, Inc. All rights reserved.

Paper Packaging Practice June Copyright 2015 RISI, Inc. All rights reserved. Global Containerboard Outlook Ken Waghorne, VP Paper Packaging Practice June 2015 1 Today s Agenda Regional Containerboard Markets Asia Europe Western Eastern North America Latin America Rest of World

More information

Greece. Citrus Semi-Annual 2012

Greece. Citrus Semi-Annual 2012 THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Voluntary - Public Date: 6/28/2012 GAIN Report Number:

More information

LEATHER MARKET 2 ND QUARTER SINTESI. Economic Department

LEATHER MARKET 2 ND QUARTER SINTESI. Economic Department LEATHER MARKET OVERVIEW Economic Department 2016 2 ND QUARTER SINTESI RAW MATERIAL PRICES The trend in raw material prices tanning did not show a strong clear trend during the second quarter and remarkable

More information

Trends and Opportunities

Trends and Opportunities Trends and Opportunities UAE Food and Beverage market Gulfood Breakfast briefing 27 th February 2017 Economic Research Department Dubai Chamber of Commerce and Industry Page 1 Section I: Overview and Growth

More information

MGEX Spring Wheat 2013

MGEX Spring Wheat 2013 MGEX Spring Wheat 213 The Minneapolis Grain Exchange, Inc. (MGEX) has been the principal market for hard red spring (HRS) wheat since 1881, offering futures and options contracts based on this unique commodity.

More information

Monitoring EU Agri-Food Trade: Development until December 2015

Monitoring EU Agri-Food Trade: Development until December 2015 Monitoring EU Agri-Food Trade: Development until December 2015 December 2015 - EU agri-food exports again higher than in previous years EU agri-food exports in December 2015 achieved a value of EUR 11.2

More information

Market Overview Thailand

Market Overview Thailand MARKET ACCESS SECRETARIAT Global Analysis Report Market Overview Thailand July 2014 MARKET SNAPSHOT Thailand had a gross domestic product (GDP) of US$390.2 billion in 2013, which is expected to grow by

More information

Networkers Business Update. December 2014

Networkers Business Update. December 2014 Networkers Business Update December 2014 Agenda Forecast Milk Price Global markets V3 Strategy Growing our share of New Zealand milk Page 2 Forecast Milk Price 110 100 2012/13 2013/14 2014/15 Forecast

More information

Dairy Outlook. December By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology

Dairy Outlook. December By Jim Dunn Professor of Agricultural Economics, Penn State University. Market Psychology Dairy Outlook December 2015 By Jim Dunn Professor of Agricultural Economics, Penn State University Market Psychology The Class III market has taken a beating lately as cheese prices have drifted down and

More information

International Crops Summary

International Crops Summary International Crops Summary After peaking around 2012/13, prices of most grains and oilseeds have taken a similar, steady downward path. Prices are expected to bottom out in 2015/16 then stabilize in coming

More information

GLOBAL ECONOMIC VITIVINICULTURE DATA

GLOBAL ECONOMIC VITIVINICULTURE DATA Paris, 23 October 2014 GLOBAL ECONOMIC VITIVINICULTURE DATA 271 mhl of wine produced in 2014 With a reduction of 6% compared with the previous year, world wine production has returned to an average level

More information

WINE EXPORTS. February Nadine Uren. tel:

WINE EXPORTS. February Nadine Uren. tel: WINE EXPORTS February 2012 Nadine Uren tel: +27 21 807 5707 e-mail: nadine@sawis.co.za OVERVIEW OF WINE EXPORTS HIGHLIGHTS Exports as a percentage of wine production decreased from 48.5% in 2010 to 43.2%

More information

Statistics & Agric.Economics Deptt., Tocklai Experimental Station, Tea Research Association, Jorhat , Assam. ABSTRACT

Statistics & Agric.Economics Deptt., Tocklai Experimental Station, Tea Research Association, Jorhat , Assam. ABSTRACT Two and a Bud 59(2):152-156, 2012 RESEARCH PAPER Global tea production and export trend with special reference to India Prasanna Kumar Bordoloi Statistics & Agric.Economics Deptt., Tocklai Experimental

More information

Foodservice Disposables Packaging - Global Market Outlook ( )

Foodservice Disposables Packaging - Global Market Outlook ( ) Published on Market Research Reports Inc. (https://www.marketresearchreports.com) Home > Foodservice Disposables Packaging - Global Market Outlook (2015-2022) Foodservice Disposables Packaging - Global

More information

China s Export of Key Products of Pharmaceutical Raw Materials

China s Export of Key Products of Pharmaceutical Raw Materials China s Export of Key Products of Pharmaceutical Raw Materials During the period of the 62nd API China& INTERPHEX CHINA, China Pharmaceutical Industry Association released its annual Report on Analysis

More information

ANALYSIS ON THE STRUCTURE OF HONEY PRODUCTION AND TRADE IN THE WORLD

ANALYSIS ON THE STRUCTURE OF HONEY PRODUCTION AND TRADE IN THE WORLD ANALYSIS ON THE STRUCTURE OF HONEY PRODUCTION AND TRADE IN THE WORLD GU G., ZHANG Ch., HU F.* Department of Sericulture and Apiculture, College of Animal Science Zhejiang University, Hangzhou 310029, CHINA

More information

Sugar support measures around the world and in ASEAN. Vietnam Sugar Association, 15 February 2010 Presentation by Martin Todd

Sugar support measures around the world and in ASEAN. Vietnam Sugar Association, 15 February 2010 Presentation by Martin Todd Sugar support measures around the world and in ASEAN Vietnam Sugar Association 15 th February 2010 Vietnam Sugar Association, 15 February 2010 Presentation by Martin Todd 1 Presentation structure Sugar

More information

The Italian Wine Sector

The Italian Wine Sector The Italian Wine Sector 28 Feb 2017 The Italian wine sector is the world s largest wine producer and its second largest exporter by volume behind Spain. This paper gives an overview of wine production,

More information

The Future of the Ice Cream Market in Finland to 2018

The Future of the Ice Cream Market in Finland to 2018 1. The Future of the Ice Cream Market in Finland to 2018 Reference Code: FD1253MR Report Price: US$ 875 (Single Copy) www.canadean-winesandspirits.com Summary The Future of the Ice Cream Market in Finland

More information

Economics 452 International Trade Theory and Policy Fall 2013

Economics 452 International Trade Theory and Policy Fall 2013 Name FIRST EXAM Economics 452 International Trade Theory and Policy Fall 2013 WORLD TRADE 1. Approximately what percent of all world production of goods and services is exported to other countries? a.

More information

Guatemala. Sugar Annual Guatemala Sugar Annual

Guatemala. Sugar Annual Guatemala Sugar Annual THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report

More information

The alcoholic beverage market in Mexico. Consumption and trends

The alcoholic beverage market in Mexico. Consumption and trends The alcoholic beverage market in Mexico. Consumption and trends According to figures from INEGI, revenue from the alcoholic beverage market not including beer rose from 3,061 million pesos in the first

More information

World apple juice market production and consumption trends

World apple juice market production and consumption trends World apple juice market production and consumption trends Klaus Heitlinger Association of the German fruit juice industry In 2013 I asked you: Who will be the next world soccer champion? Germany is the

More information

Brazil Milk Cow Numbers and Milk Production per Cow,

Brazil Milk Cow Numbers and Milk Production per Cow, TABLE OF CONTENTS 1. Brazil 1.1. Brazil Milk Market Introduction 1.1.1. Brazil Cow Milk Market Production and Fluid Milk Consumption by Volume, 1.1.2. Brazil Milk Cow Numbers and Milk Production per Cow,

More information

Monitoring EU Agri-Food Trade: Development until January 2018

Monitoring EU Agri-Food Trade: Development until January 2018 Monitoring EU Agri-Food Trade: Development until January 2018 January 2018: good start of a year for EU agri-food exports The value of EU agri-food exports in January 2018 kept its very high level, now

More information

Ghana. Ghana Wine Report 2011 Report Categories: Wine Approved By: Russ Nicely Prepared By: Marcela Rondon and Elmasoeur Ashitey

Ghana. Ghana Wine Report 2011 Report Categories: Wine Approved By: Russ Nicely Prepared By: Marcela Rondon and Elmasoeur Ashitey THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Voluntary - Public Date: 11/15/2011 GAIN Report Number:

More information

2016 STATUS SUMMARY VINEYARDS AND WINERIES OF MINNESOTA

2016 STATUS SUMMARY VINEYARDS AND WINERIES OF MINNESOTA IN PARTNERSHIP WITH THE NORTHERN GRAPES PROJECT, AN USDA SPECIALITY CROPS RESEARCH INITIATIVE PROGRAM, NIFA 2016 STATUS SUMMARY VINEYARDS AND WINERIES OF MINNESOTA Brigid Tuck and William Gartner INTRODUCTION

More information

The Protein Era Challenges and opportunities for traditional and novel protein sources

The Protein Era Challenges and opportunities for traditional and novel protein sources The Protein Era Challenges and opportunities for traditional and novel protein sources Sara Girardello - LMC International Ltd Feed Protein Vision, Amsterdam 6-7 th March 2018 2018 LMC International. All

More information

Inside Gulf Cooperation Council 4 (GCC) Beef Trade

Inside Gulf Cooperation Council 4 (GCC) Beef Trade MARKET ACCESS SECRETARIAT Global Analysis Report Inside Gulf Cooperation Council 4 (GCC) Beef Trade September 2015 TRADE SUMMARY The Gulf Cooperation Council (GCC) states, Bahrain, Kuwait, Oman, Qatar,

More information

Economic Contributions of the Florida Citrus Industry in and for Reduced Production

Economic Contributions of the Florida Citrus Industry in and for Reduced Production Economic Contributions of the Florida Citrus Industry in 2014-15 and for Reduced Production Report to the Florida Department of Citrus Alan W. Hodges, Ph.D., Extension Scientist, and Thomas H. Spreen,

More information

EXPORT TO TAIWAN (Moravian Wine) CASE STUDY

EXPORT TO TAIWAN (Moravian Wine) CASE STUDY Date: March 10, 2011 EXPORT TO TAIWAN (Moravian Wine) Robert Sliž Ph.D. 386 Hua Mei Street 402 Taichung Taiwan R.O.C. robert.sliz@chinapartner.eu CHINAPARTNER.EU s.r.o. +886-911 622 344 VAT: CZ24205877

More information

An insight into the viticulture sector

An insight into the viticulture sector An insight into the viticulture sector Business Analysis Pio De Gregorio Head Luca Schianchi Senior analyst Brescia, 12 June 2015 World production of wine Billion of liters 2007 2008 2009 2010 2011 2012

More information

EU: Knives, Scissors And Blades - Market Report. Analysis And Forecast To 2025

EU: Knives, Scissors And Blades - Market Report. Analysis And Forecast To 2025 EU: Knives, Scissors And Blades - Market Report. Analysis And Forecast To Copyright IndexBox, Inc., 2018 e-mail: info@indexbox.io www.indexbox.io TABLE OF CONTENTS 1. INTRODUCTION 1.1 REPORT DESCRIPTION

More information

Global Flavor and Fragrance Market Report

Global Flavor and Fragrance Market Report Global Flavor and Fragrance Market Report ---------------------------------------------------------------- 2012 Executive Summary The flavor and fragrances (F&F) industry involves companies that develop

More information

China Coffee Market Overview The Guidance For Selling Coffee In China Published November Pages PDF Format 420

China Coffee Market Overview The Guidance For Selling Coffee In China Published November Pages PDF Format 420 China Coffee Market Overview 2009 2010 The Guidance For Selling Coffee In China Published November 2009 102 Pages PDF Format 420 Order online at: http://www.drinksector.com/basket.asp?idreport=76&basketaction=auto

More information

MARKET NEWSLETTER No 93 April 2015

MARKET NEWSLETTER No 93 April 2015 Focus on OLIVE OIL IMPORT TRENDS IN RUSSIA Russian imports of olive oil and olive pomace oil grew at a constant rate between 2/1 and 213/14 when they rose from 3 62 t to 34 814 t (Chart 1). The only exceptions

More information

Milk and Milk Products. Price and Trade Update: October

Milk and Milk Products. Price and Trade Update: October October Milk and Milk Products Price and Trade Update Weekly Newsletter Milk and Milk Products Price and Trade Update: October 1 INTERNATIONAL PRICES: Weak import demand causes prices to fall International

More information

DETERMINANTS OF GROWTH

DETERMINANTS OF GROWTH POLICY OPTIONS AND CHALLENGES FOR DEVELOPING ASIA PERSPECTIVES FROM THE IMF AND ASIA APRIL 19-20, 2007 TOKYO DETERMINANTS OF GROWTH IN LOW-INCOME ASIA ARI AISEN INTERNATIONAL MONETARY FUND Paper presented

More information

Growing divergence between Arabica and Robusta exports

Growing divergence between Arabica and Robusta exports Growing divergence between Arabica and Robusta exports In April 218, the ICO composite indicator decreased by.4% to an average of 112.56, with the daily price ranging between 11.49 and 114.73. Prices for

More information

JAPANESE WINE MARKET. June Market Data Japan, June 2016, Wines of Germany, Japan

JAPANESE WINE MARKET. June Market Data Japan, June 2016, Wines of Germany, Japan JAPANESE WINE MARKET June 2016 1 JAPANESE WINE MARKET Japan is a growing market with 55.2 million wine drinkers and a total volume of 3,600,000hL of wine Growing wine culture Annual per capita consumption

More information

OUR POTENTIAL. Business Update MAY 2017

OUR POTENTIAL. Business Update MAY 2017 OUR POTENTIAL Business Update MAY 2017 Disclaimer This presentation may contain forward-looking statements and projections. There can be no certainty of outcome in relation to the matters to which the

More information

2016 World wine production estimated at 259 mhl, a fall of 5% compared with 2015

2016 World wine production estimated at 259 mhl, a fall of 5% compared with 2015 Paris, 20 October 2016 GLOBAL ECONOMIC VITIVINICULTURE DATA 2016 World wine production estimated at 259 mhl, a fall of 5% compared with 2015 2016 Production among the lowest in 20 years, yet highly contrasting

More information

2017 U.S. DISTILLERS GRAINS EXPORTS

2017 U.S. DISTILLERS GRAINS EXPORTS 217 U.S. DISTILLERS GRAINS EXPORTS 14, Annual U.S. Distillers Grains Exports 12, 12,695 1, 8, 6, 4, 2, 2,358 4,532 5,651 9,5 7,676 7,421 9,67 11,284 11,314 11,77 U.S. exports of distillers grains (DG)

More information

China s Corn Processing Industry: Its Future Development and Implications for World Trade

China s Corn Processing Industry: Its Future Development and Implications for World Trade China s Corn Processing Industry: Its Future Development and Implications for World Trade Prepared by National Grain & Oils Information Center,China XiaoHui Wang April, 2007 Agriculture Production - No.

More information

UPPER MIDWEST MARKETING AREA THE BUTTER MARKET AND BEYOND

UPPER MIDWEST MARKETING AREA THE BUTTER MARKET AND BEYOND UPPER MIDWEST MARKETING AREA THE BUTTER MARKET 1987-2000 AND BEYOND STAFF PAPER 00-01 Prepared by: Henry H. Schaefer July 2000 Federal Milk Market Administrator s Office 4570 West 77th Street Suite 210

More information

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report

More information

South Africa - Republic of. Fresh Deciduous Fruit Semi-annual. Fresh Deciduous Fruit Semi-annual

South Africa - Republic of. Fresh Deciduous Fruit Semi-annual. Fresh Deciduous Fruit Semi-annual THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution South Africa -

More information

Find the wine you are looking for at the best prices.

Find the wine you are looking for at the best prices. Media Kit 2017 Wine-Searcher Find the wine you are looking for at the best prices. Wine-Searcher is dedicated to finding and pricing wine. Thanks to some seriously smart tech, Wine-Searcher brings the

More information

Total Citrus Production in the Top Producing Countries

Total Citrus Production in the Top Producing Countries Situation and Outlook for Citrus World citrus production in selected major-producing countries in marketing year (MY) 2006/07 is estimated at 74.0 million metric tons, up about 2 percent from the revised

More information

Australian wine: Production, sales and inventory

Australian wine: Production, sales and inventory Wine Australia providing insights on Australian Wine Australian wine: Production, sales and inventory 2016 17 January 2018 Key takeaways The 2017 vintage saw historically high production for the second

More information

I N T E R W I N E. France Pavilion. M ay 22 nd - 24 th 2014

I N T E R W I N E. France Pavilion. M ay 22 nd - 24 th 2014 WWW.CCIFC.ORG M ay 22 nd - 24 th 2014 I N T E R W I N E The 12 th China International Wine & Spirits Exhibition (Canton) Import and Export Canton Fair Complex France Pavilion French Chamber of Commerce

More information

Three-month sales April 20, 2017 Nestlé three-month sales 2017

Three-month sales April 20, 2017 Nestlé three-month sales 2017 Three-month sales 2017 1 Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward looking statements involve certain risks and

More information

A Trip around the World through Exports

A Trip around the World through Exports A Trip around the World through Exports Activity by Lesley Mace, senior economic and financial education specialist at the Federal Reserve Bank of Atlanta, Jacksonville Branch Concepts Comparative advantage

More information

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 5/7/2014

More information

Monitoring EU Agri-Food Trade: Development until January 2016

Monitoring EU Agri-Food Trade: Development until January 2016 Monitoring EU Agri-Food Trade: Development until January 2016 January 2015 - EU agri-food exports in line with seasonal trend EU agri-food exports in January 2016 were worth EUR 9.3 billion, thus just

More information

Allergy Relief Latest trends & developments in remedies for nasal, skin and eye allergy symptoms and asthma

Allergy Relief Latest trends & developments in remedies for nasal, skin and eye allergy symptoms and asthma Allergy Relief Latest trends & developments in remedies for nasal, skin and eye allergy symptoms and asthma (264 pages) Definitions & methodology Executive summary (17 pages) Global Allergy Relief market

More information

QUARTELY MAIZE MARKET ANALYSIS & OUTLOOK BULLETIN 1 OF 2015

QUARTELY MAIZE MARKET ANALYSIS & OUTLOOK BULLETIN 1 OF 2015 QUARTELY MAIZE MARKET ANALYSIS & OUTLOOK BULLETIN 1 OF 2015 INTRODUCTION The following discussion is a review of the maize market environment. The analysis is updated on a quarterly 1 basis and the interval

More information

HONDURAS. A Quick Scan on Improving the Economic Viability of Coffee Farming A QUICK SCAN ON IMPROVING THE ECONOMIC VIABILITY OF COFFEE FARMING

HONDURAS. A Quick Scan on Improving the Economic Viability of Coffee Farming A QUICK SCAN ON IMPROVING THE ECONOMIC VIABILITY OF COFFEE FARMING HONDURAS A Quick Scan on Improving the Economic Viability of Coffee Farming 1 OBJECTIVES OF STUDY Overall objective Identify opportunities for potential benefits to coffee farmers from improved farm profitability

More information

Yum! Brands Drive Profitable International Expansion. Graham Allan YRI President

Yum! Brands Drive Profitable International Expansion. Graham Allan YRI President Yum! Brands Drive Profitable International Expansion Graham Allan YRI President Yum! International Division Agenda... 2006 Results/2007 Outlook Building Our Global Brands Future Growth Another Strong Year

More information

Global Tortellini Market Research Report 2016

Global Tortellini Market Research Report 2016 Published on Market Research Reports Inc. (https://www.marketresearchreports.com) Home > Global Tortellini Market Research Report 2016 Global Tortellini Market Research Report 2016 Publication ID: QYR011701811

More information