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Article: Dried fruit & nuts.(Markets)
- Article from:
- The Food Institute Report
- Article date:
- September 27, 2004
CopyrightCOPYRIGHT 2004 The Food Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PEANUTS--Damage from Hurricane Ivan could send prices rising as reports suggest that virtually all of the nation's 2004 peanut crop could be at risk. Since global demand for peanuts is slightly more than supply, prices are vulnerable to risks, notably those caused by adverse weather conditions, reported FoodNavigator.com.
European ingredients firms source their peanuts from the key producing countries, mostly from the U.S.
Firms expecting deliveries from the U.S. August harvest in late October or early November, commented that before the hurricane U.S. prices were up slightly for Europe after the introduction of the 2002 Farm Bill that led to an 8% rise ...