Author Archives: Mintec

Will 2017 Be a Rollercoaster Year for Chicken Prices?

Spend Matters welcomes this guest post from Michael Liberty, market analyst at Mintec.

As over 100 million viewers tuned in to watch the New England Patriots make the greatest comeback in Super Bowl history, defeating the Atlanta Falcons 34-28 in overtime, they turned to mouth-watering chicken wings for their half-time snack. A record 1.33 billion wings were consumed this Super Bowl, up 2% year-over-year. So, what better time could there be to look at what chicken prices are doing and the factors likely to affect prices this year?

Sweet Year for Sugar in 2016


Spend Matters welcomes this guest post from Avneet Deol, market analyst at Mintec.

Earlier in 2016, prices for the sugar No. 11 contract on ICE US, the world benchmark for raw sugar trading, looked set to end the year at the highest level in over four years. However, prices subsequently fell in Q4 2016, reaching six-month lows by mid-December. In this article, we look at what factors impacted the sugar market last year and why prices turned around toward the end of 2016.

US Peanut Prices Increase More Than 30% in 2016


Spend Matters welcomes this guest post from Jara Zicha, market analyst at Mintec.

In 2016, peanut prices rose 33%. The marketplace is being heavily squeezed by multiple factors, driving the global price higher. Production dipped in China in 2015, creating supply pressures elsewhere, as Chinese buyers looked to source their nuts from other origins. In addition, production in Argentina fell substantially in 2016, due to adverse weather during the harvest between April and May.

Argentina Squid Prices Skyrocket

Spend Matters welcomes this guest post from Michael Liberty, market analyst at Mintec.

Squid prices in Argentina, a major supplier to the U.S., have surged 107% this year due to low catches, which in turn can be blamed on El Niño conditions from the end of 2015 and early 2016. In addition, high calamari demand in the U.S. has also added upward pressure to prices.

How Are Tea Prices Brewing?

Spend Matters welcomes this guest post from Avneet Deol of Mintec.

On an average day, more than half of the American population drinks tea. In 2015, Americans consumed over 80 billion servings, or 3.6 billion gallons, of tea. Approximately 85% of all tea consumed was black tea, 14% was green tea, while the remaining 1% was oolong, white and dark tea. This article looks at supply and demand in the tea market, as well as price trends over the last year in Kenya and Sri Lanka, the major exporters of black tea.

Demand Heats Up US Natural Gas Prices

Spend Matters welcomes this guest post from Verity Michie, market analyst at Mintec.

Natural gas is the third most used source of energy, behind crude oil and coal. The U.S. accounts for approximately 20% of global natural gas production, making it the world’s largest producer. Today, we look at why natural gas prices in the U.S. have risen in 2016 after falling for the last two years.

Could the Cheddar Surplus Crisis Be Crumbling Away?


Spend Matters welcomes a guest post from Verity Michie of Mintec.

Over the past few years, U.S. cheddar prices have been on a rollercoaster ride. Record high cheese prices in 2014 encouraged farmers to increase production, which had been facilitated by low feed costs. Between September 2014 and October 2016, prices were down 32%, reaching a six-year low in May this year.

Inclement Weather Patterns Drive Up Coffee Bean Prices

Spend Matters welcomes this guest post from Avneet Deol of Mintec.

The average American consumes around two to three cups of coffee a day. With the average price of coffee around $3.28 for a drink, that puts annual costs in the region of $2,394.40 to $3,591.60. The cost of coffee beans are now at the highest level seen in two years, which means it may be time to budget an extra couple hundred dollars a year for your caffeine habit.

Plenty of Raisins in the Market Drive Prices Down


Spend Matters welcomes this guest post from Jara Zicha, market analyst at Mintec.

Raisin prices have been trending lower since the beginning of the year, on the back of large global supplies. Prices have been falling since September last year and are currently down by around 20%. In fact, prices have been falling since 2012, with the exception of 2015.

Uncertainty Over Crude Oil Production Cuts


Spend Matters welcomes this guest post from Rajiv Joarder, market analyst at Mintec.

Crude oil has been a hot topic of conversation among traders, investors and manufacturers alike since prices plummeted back in 2014. Throughout 2015, and the better part of 2016, continued price volatility for crude oil has been attributed to various factors including economics, geopolitics, weather, transportation and many more. However, few news headlines attracted as much attention as OPEC members meeting to agree production cuts. Until recently, OPEC countries had decided to pump record volumes to preserve their market share in a response to the rising share of cheap shale gas from the U.S.

Brazil Welcomes GM Imports From US


Spend Matters welcomes this guest post from Michael Liberty, market analyst at Mintec.

For the first time in its history, Brazil opened its doors in August 2016 to genetically modified (GM) corn imports from the U.S. In this post, we’ll look to answer why Brazil turned to the U.S., and what the possible implications could be.

Could Black Pepper Prices Be Returning to Normal Levels?


Spend Matters welcomes this guest post from Jara Zicha, market analyst at Mintec.

Global black pepper prices more than tripled between 2009 and 2015, reaching record levels. In my previous article, “Pepper — The Return of Black Gold?,” I explained that the increase in price was attributed to dwindling stocks and surging demand in Southeast Asia. I am pleased to say we may have finally reached the tipping point in the market. After half a decade of price increases we might have finally hit the price ceiling; pepper, prices are falling this year, with a firm intent to continue to drop. So, what broke the marketplace and which factors are currently in play?