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Opinion

The Future of Food Traceability: Innovations, Challenges, and Regulatory Strategies

Food information, transparency, and traceability are becoming more important in the global food landscape. Consumers today are highly interested in the origins and production processes of their food, with a strong focus on ingredient quality. Food traceability is identified as a leading trend for 2023, with substantial investments projected to reach $31.7 billion by 2028. The traceability process begins at farms and fields, where strict marking and coding of products take place, ensuring that critical information about production, origin, and even feed is accessible to consumers. Traceability serves the dual purpose of assuring food safety and ethical production while improving operational efficiency and enabling effective recalls. Advanced technologies like blockchain, smart labels, and integrated platforms are transforming the food traceability sector, enhancing food safety standards and boosting consumer confidence.
Mzingaye Ndubiwa · Sep 22, 2023
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Report

October Outlook: Nuts

- The peanut harvest has started in the Northern Hemisphere, delayed by late rains in many production areas. In India, stable peanut prices were observed, with adverse weather affecting early-planted peanuts but expectations of higher yields from late-planted crops. Brazil experienced a 10% price increase driven by export demand, particularly from Russia, but faces potential price stabilization or decrease as Northern Hemisphere harvests begin. China saw a 16% price surge due to heavy rains during harvest and increased holiday demand, although the spike may be temporary due to expected post-holiday market dynamics and the ongoing harvest. - The almond harvest has commenced in the Northern Hemisphere. In the US, the world's top producer, the harvest is progressing slower than usual, while in Spain, the second-largest producer, it's ahead of schedule. There are emerging concerns about the quality of this year's almonds in both nations. In the US early indications show higher insect damage and, particularly in the southern regions, increased mold presence. Spain's blistering summer has adversely affected nut fill, leading to yields that are significantly lower than anticipated. - Walnut prices are facing a decline due to the ongoing harvest from the Northern Hemisphere. Europe's major walnut producers are indicating lower-than-anticipated yields and issues with quality. However, the US is set to offset this with an abundant crop. As a result, there will be a significant supply of lower-quality walnuts in the market. Meanwhile, the US, seeing a quality improvement from the previous year, will dominate the high-quality walnut market. Stockpiles from Chile, known for their high-quality walnuts, are diminishing fast due to high demand. The considerable price difference between top-quality and lower-quality walnuts is likely to persist for the majority of the season. - In Italy, hazelnut prices have been declining due to harvest pressure, despite yields in most production areas falling short of expectations due to hot and dry conditions, particularly in central Italy and the Piedmont region. Prices in Türkiye, the world's leading hazelnut producer, have surged 30% MoM due to low yields and insect damage. However, speculation has driven prices higher and the increase is likely overdone. While prices in Türkiye are expected to remain high in the short term, the global hazelnut market may rebalance over the medium term. Turkish prices are likely to lead importers to consider alternatives like Georgia and Azerbaijan.
Theo Venter · Sep 29, 2023
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Report

Enhancing Your Dried Fig Sourcing Strategy: Supplier Profiles and Insight

Tridge's this comprehensive report on the Global Dried Fig Market provides a holistic overview of the industry, highlighting intricate dynamics and emphasizing Türkiye's pivotal role as a major market participant. Delving into the supplier landscape, an exhaustive perspective of the dominant players is presented, complemented by a detailed segmentation of the supplier ecosystem. The comparative analysis further explores primary export destinations, elucidates market trends via unit price comparisons and supply volume data, and underscores the criticality of certifications and compliance. The following report culiminates with essential takeaways and insights, establishing itself as an indispensable guide for those seeking a profound understanding of the dried fig sector.
Jasurbek Ayupov · Sep 18, 2023
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Opinion

W38: Sunflower Update

W38: Sunflower Update
Nur Hameed · Sep 29, 2023

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