Potatoes 2023: major concerns over production volumes
According to the NEPG, total potato production area in 2023 in Belgium, the Netherlands, France and Germany will increase by 2-3% y-o-y. However, concerns about this year's production level are

Demand for apples continues to disappoint
At the beginning of June'23, apple stocks in Poland were 13.7% lower y-o-y (-20% y-o-y in May) and in EU countries by 23.4% (per WAPA), reported the publication Agro Navigator of Bank PKO BP.More.

Agriculture Protection Fund - new law already in force
On 1 July 2023, the Agricultural Protection Fund Act came into force. The fundamental purpose of the creation of this legislation was to create legal opportunities that would guarantee

Reserve Bank of India's IDG wants to make the Indian rupee into a global currency
The IDG, headed by the Reserve Bank’s Executive Director Radha Shyam Ratho, wants invoicing and settling of international trade transactions in the Indian currency to increase its international

Yuan firms as People's Bank of China pledges to stabilize currency
Yesterday, China's currency firmed against the dollar after the People's Bank of China offered more reassurances to markets worried by the currency's recent sharp falls. The Financial News, a

South Africa’s Central Bank governor says single Africa currency is "impossible"
South Africa’s Central Bank governor Lesetja Kganyago has stated that adopting an African currency is unlikely to succeed as it is difficult to attain ‘macroeconomic convergence’. Kganyago

Sweden’s krona hits record low as Central Bank plays down currency intervention
Yesterday, Sweden’s krona hit a new record low as the country’s Central Bank Sveriges Riksbank raised rates and played down the possibility of market interventions. After the Riksbank

China stood back from supporting yuan for a third day
Chinese parties have stood back from supporting the yuan for a third day. This triggered a pullback, in a sign it may not yet be ready to draw a line in the sand for the weakening currency. The

Drier Swedish summer causes lower volume of local outdoor grown melons
Sweden’s largest outdoor melon grower, Ingmar Nilsson, is seeing lower production volumes this 2023 summer due to very dry conditions. Although the second generation melon grower based in

"Zaltbommel and Service2Fruit joining forces to get the best prices for growers from the market"
Unburdening is key to Veiling Zaltbommel's philosophy. This Dutch cooperative considers both the buyer and the grower in several ways. For example, growers were recently offered a switching

Dollar index dropped as new economic data surfaces
The dollar index dropped yesterday after a host of economic data releases indicated the US economy remains resilient and may not be close to a recession. At the same time, after comments from

Swiss National Bank to start digital currency pilot
The Swiss National Bank is getting ready to issue a wholesale central bank digital currency (CBDC) on Switzerland's SIX digital exchange. It is part of a pilot project, which will start soon.. SNB

Fruits and vegetables are the least advertised foods
In 2021, €477 million were invested in advertising food and beverages, a figure that does not include the distribution and catering sector, which allocated a further €455.8 million to

Banks of mushrooms: The chanterelle season begins again
The chanterelle, also known as Girolle, Hanenkam and Cantharel, is a wild mushroom and is picked by hand in the forests of Europe. It has a light and fresh apricot aroma with a slightly spicy and

Argentina uses more Yuan to pay for Chinese imports
Argentina has stepped up the use of the Chinese yuan to pay for imports from China, instead of using US Dollars. This is part of a currency swap deal with Beijing. This payment of currency in

Deal eases strike at US West Coast port
Following intervention from the US authorities the US West Coast Port union strike was dissipated somewhat. This is despite a cargo hold-up worth US$5.2 billion. There was 10-day congestion delays

Construction begins on project to help agriculture researchers conserve nut and fruit crops for today and tomorrow
Renovation and construction of nearly 35,000 square feet of screenhouses and greenhouses began on June 15 at the Lewis Brown Research Farm in Corvallis, Ore. The project supports the Agricultural

Supercentre Group, sales up to 249 million
The traditional Bank&Insurance Day, which took place in the meeting room of the Cedi in San Giorgio J. (TA) in the presence of financial partners such as banks and insurance companies, the

How did Indian lemons end up in Australia?
There are four species of Macadamia, of which two are the most important nut producers, namely Macadamia integrifolia and M . tetraphylla. All species belong to the Proteaceae family, meaning they

The annual gap in retail prices in Georgia has reduced significantly
EastFruit analyst note that consumer price levels drop to the National Bank’s target range in Georgia. After rising fast since 2019, the retail price growth has finally cooled down.

The annual gap in retail prices in Georgia has reduced significantly – The trend is likely to continue throughout June
EastFruit analyst note that consumer price levels drop to the National Bank’s target range in Georgia. After rising fast since 2019, the retail price growth has finally cooled down. Data source:

Russian terrorists destroyed horticulture of southern Ukraine overnight
It is with great regret that we must state that the Russian occupation army continues to commit crimes against humanity on the territory of Ukraine. During the flight of Russian troops to the

Caprabo has announced plans to open five new supermarkets in Barcelona in June
Amazon: ‘Digital euro accelerates innovation’ Amazon is convinced of the added value of the digital euro, which the European Central Bank (ECB) aims to introduce. The company has built a

DP World and Standard Bank partner to expand trade finance in Africa
Standard Bank, the largest bank in Africa by assets, has partnered with DP World, a global player in supply chain solutions, to offer trade finance solutions jointly with DP World Trade Finance.

Girteka on the road to becoming global company through Citi Bank partnership
Girteka, an asset-based logistics company in Europe, has announced a strategic partnership with Citibank Europe plc (Citi) to take its financial operations to the next level. The partnership will