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Highly pathogenic avian influenza has been found on a duck farm near Melbourne close to five poultry farms where the virus had already spread citing the government of Australia's Victoria state. The duck farm was within a quarantine zone set up around other affected facilities and the government said its infection was not a surprise. Authorities are trying to contain outbreaks of two strains of bird flu near Melbourne, an H7N3 strain on four poultry farms and the duck farm and an H7N9 type on a poultry farm about 130 kms (80 miles) to the southwest.
The Food and Agriculture Organization of the United Nations predicts a significant increase in global demand for protein. Beef demand is expected to rise to 106 million tonnes by 2050 compared to 64 million tonnes in 2005. Poultry demand is expected to rise to 181 million tonnes from 82 million in that time, and egg demand is anticipated to jump to 102 million tonnes from 62 million.
James Battershill is the founder of Winnipeg-based food processing company Juno Food Labs. Its products include Bump, a meat and plant protein blend, and it has stated goals toward sustainability and reducing the amount of resources used to create protein.
“We’re studying and evaluating and doing work that looks both at agriculture’s greenhouse gas emissions and contributions,” Battershill said. “We’re learning that it’s becoming more and more challenging to produce food in a way that’s sustainable, but also consistent and predictable.”
Volatile weather threatens production conditions. Coupled with growing global demand, it puts animal and plant protein producers in a tough spot.
“We expect over the next 25 years for (protein demand) to increase to the point where we’re potentially needing to double the amount of animal protein production over a 50-year period,” Battershill said.
He and event presenter Priera Panescu, lead scientist and plant-based specialist with the Good Food Institute, have joined forces with Stacy Prett, program manager of Proteins for Life at Wageningen University and Research in the Netherlands, to examine ways to use fewer resources during production to overcome climate
In May 2024, Brazil saw a significant increase in coffee exports, with a total of 4.4m bags (60kg) exported, a jump of 79.6% YOY and 3.2% MOM. Total exports for the first five months of 2024 reached 20.7m bags, a 52.1% increase compared to the same period in 2023.
- Once again, it’s worth highlighting the excellent performance of Brazilian conilon exports. In May, 868,000 bags were exported, representing staggering growth of 559% YOY. In 2024, 3.4m bags have been exported so far, a remarkable 554% increase compared to the same period in 2023.
- Brazil’s exceptional export results can be attributed to the good harvest in 2023. Given the forecast of another favorable crop in 2024, the high level of exports is projected to persist in the coming months.
- The barter ratio improved in June, with 1.7 bags (60kg) of coffee needed to purchase 1 metric ton of fertilizer (blend 20-05-20). This represents an improvement of 16% YOY and 13% MOM compared to the previous values of 2.1 and 1.9 bags, respectively. Despite the recent surge in fertilizer costs, particularly for urea, the appreciation of coffee prices favored the barter ratio. Fertilizer prices may continue to rise in the next few months due to increased demand, especially with Brazil’s grain planting season approaching.
- Coffee prices in Brazil remain high. In May, arabica coffee prices averaged BRL 1,175 per bag, a 13% YOY increase, while conilon reached an average of BRL 1,006 per bag, up 48% YOY. In June, prices continued to rise, with a 13% MOM increase for arabica and a 21% MOM increase for conilon.
- Despite the start of the Brazilian harvest and the USDA’s estimate of a 5.4% increase in Brazil’s 2024/25 coffee crop to 69.9m bags, concerns about the Vietnamese coffee supply have caused market volatility. Additionally, the increased participation of non-commercial funds in the coffee market has contributed to this volatile environment.
- In May, coffee-producing regions received below-average rainfall, which favored harvesting activities. Harvesting is already underway in robusta/conilon regions and gaining traction in arabica regions. The Zona Mata region (east of Minas Gerais state) is ahead of other areas in terms of progress. There have been reports of coffee with smaller screen sizes, but this is normal in the early stages of the harvest.
Commodities June 16
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