Anderson Exports is a Bulk Ingredients Sourcing Agency in Northern California. We specialize in sourcing the best ingredients from California, Brazil and the rest of the world.
Many California raisin suppliers are completely sold out of tray dried thompson selects with only spot contracts available and only the largest packers in the industry still able to offer forward contracts on tray dried thompson selects from the current crop. Some smaller packers have DOV available as an alternative to the quality issues experienced by many customers this year for sand and grit seen in the tray-dried thompson crop. As DOV product is Dried-on-the-Vine, it has less of these sand and grit concerns due to the later harvest and the fact that this product was high up off the ground during the two rains this past harvest. This year, we recommend this DOV product as compared to the traditional thompson drying process for most packers. Only the largest packers have the capability, time, and saleable volume to recondition their tray-dried thompson product, which does in fact still produce a beautiful thompson.
Due to the reconditioning process for the bigger packers, the lower total production volume this year, and quality concerns on non-reconditioned product, California raisin prices remain high. Many of our suppliers are now beginning to offer forward contracts for new crop shipments.
Chilean raisin crop quality is considered to be good this year, although Chile is almost entirely sold out of their Thompson Mediums, the Select equivalent, with prices are rising as a result of the shortages seen in California.
The market for sweetened dried cranberries (SDC) remains tight as most suppliers are off the market and fully booked for the coming months. Adding to upward price pressure is the 25% supply reduction for the 2018 crop which has been submitted to the register for the 30 day comment period. We expect to know the decision sometime in June.
As we are currently traveling throughout Asia, we are seeing a curious substitution, (due mainly to the very high prices for California raisins this year) of raisins for sweetened dried cranberries in mixes and breads in both South Korea and Taiwan.
We are able to offer on a limited basis USA SDC product for the June through August period. The supply outlook for USA cranberries is expected to be constrained in the near and medium-term with a lot hanging on the ultimate decision for further volume regulation.
Take A Break With Us in Seville
For those of you who will be attending the INC in Seville, we invite you to join us for some refreshment and stimulating discussion of the current and future market situations for raisins, cranberries, walnuts, cashews, and more. We invite you to our unique and gorgeous private rooftop.
Raw sugar prices continued to decline in recent weeks as global oversupply continues. Strong output from Brazil, India, and the EU are key drivers of supply growth this year. Demand from China has been particularly robust. In March 2018, China imported 380,000 tons which is the largest monthly import volume since January 2017. The Indian government approved a sugarcane subsidy this week of $0.82 / mt to be paid to farmers by mills, providing relief as weak domestic sugar prices persist amid the global supply glut.
We offer Brazil origin ICUMSA 45 Sugar by the vessel on a spot (MOQ: 100,000mt) or forward contract basis including long-term contracts of 300,000mt / month x 12 months. Payment by SBLC, BG, or DLC from global top 50 bank. Product is SGS-inspected end-to-end at buyer’s request.
The 2018/2019 soybean crop in Brazil is on track to hit 115 million metric tons (mmt), making it the second largest crop on record. Firmer soybean prices are also driving record planted acreage expectations of 35.8 million hectares for the 2018/2019 crop. Global appetite for Brazil soybeans is robust and poised to grow further. Brazil soybean exports for the 2018/2019 crop are expected to exceed 67 mmt. As Chinese buyers continue to ramp imports and the U.S. decreases it’s relative competitiveness versus Brazil due to trade protectionism from the White House, we are confident in Brazil’s future as the global leader in Soybean exports.
We supply GMO and Non-GMO certified soybean from Brazil. MOQ: 100,000+ tons. Payment by SBLC, BG, or DLC from global top 50 bank.
Dry weather conditions in Southern Brazil are beginning to raise the specter of damage to the safrinha corn crop. Even with good soil moisture in recent weeks, higher temperatures in the coming weeks may present adverse weather impacts to the corn crop in Brazil. Besides this weather risk, Brazil’s safrinha corn crop is developing well.
We supply GMO and Non-GMO certified corn from Brazil. MOQ: 100,000+ tons. Payment by SBLC, BG, or DLC from global top 50 bank.