Market Reports

Latest Market Report - November 2017

Market Report up until November 2017

All percentage changes in this report refer to month-on-month price changes and are provided by Mintec.

FX Rates

Currency against Sterling Opened September Closed September
Dollar 1.34 1.33
EURO 1.14 1.14


Cocoa bean prices were up on London ICE (+5%) and ICE US (+4%),supported by concerns over recent wet weather in West Africa. For cocoa derivatives, cocoa butter prices were up in the UK (+16%), however, cocoa powder prices fell in the UK (-1%).

Oils and fats

Soyabean oil prices rose on the CBOT US (+4%), in Argentina (+2%) and in Rotterdam (+1%), due to downward revisions in global production. Rapeseed oil prices rose in Canada (+2%), but remained stable in Rotterdam (0%). Palm oil prices fell in Indonesia (-5%), but rose in Rotterdam (+2%) and Malaysia (+2%). Palm kernel oil prices rose in Indonesia (+10%), Rotterdam (+7%) and Malaysia (+2%) due to lower than expected production and speculative buying. Coconut oil prices rose in Rotterdam (+9%), but remained stable in the Philippines (0%). Sunflower oil prices fell in Ukraine (-2%), Argentina (-1%) and Russia (-1%) and remained stable in NW Europe (0%) due to record carryover stocks from the previous season. Extra virgin olive oil prices fell in Italy (-10%) and Spain (-3%), due to good production from recent harvests. Lampante oil prices remained stable in Spain (0%). Linseed oil prices rose in Argentina (+2%).


Milling wheat prices fell on Euronext Paris (-3%) and in Germany (-2%), due to higher yields revised for October, up 1% m-om. Prices also fell on CBOT US (-1%), but rose in the UK 2%.


Milling wheat prices rose on CBOT US (+7%), in the UK (+3%) and Germany (+1%), but fell on Euronext Paris (- 1%).

Oat prices rose on CBOT US (+10%) and Finland (+4%). Rye prices remained stable in Finland (0%).


Hazelnut prices continued falling in Turkey (-3%). Almond prices rose in the US (+4%) and Spain (+2%), supported by strong demand. For dried fruit, sultanas prices declined in Turkey (-2%), with raisin prices also falling in Turkey (-1%) and the US (-1%). Dried apricot prices fell in Turkey (-4%). Desiccated coconut prices remained stable in the Philippines (0%).

Milk and dairy

Butter prices fell in the EU (-7%), as high prices started to weigh down on consumer demand. Prices fell in the UK (-20%), France (-19%), Belgium (-14%) and Germany (-11%), but remained stable in Poland (0%). Prices for cheese fell for UK Cheddar (-4%) but Mozzarella prices rose (+5%). Weak demand and rising production resulted in SMP prices falling in the EU (-10%). This also weighed down on prices in the US (-10%) and New Zealand (-6%).

WMP prices fell in the EU (-7%). EU egg prices continued to rise on average (+23%), as supplies remain disrupted after the fipronil outbreak.


Brent crude oil prices rose on ICE London (+1%), due to fighting in Northern Iraq resulted in falling output. Light sweet crude oil prices remained stable in NYMEX US (0%). Diesel prices rose in the EU (+1%), as a result of increased industrial demand alongside tighter supplies.

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