The magazine Wine Spectator considered the Port wine Dow’s Vintage, from 2011 harvest, the best wine of 2014.
The fourth and third position were also obtained by other two Portuguese wines from Douro River valley, the Chryseia (2011) and Quinta do Vale Meão (2011), respectively.
Check out the top 10 list here!
Imports of Olive Oil into South Korea climbed by nearly 50% during the 2013/14, however the imported volume was not high, only 17,637ton.
Japan also has increased the importation of Olive Oil in 4%, the volume imported was 56,218 ton.
These data are from the latest figures released by the International Olive Council (IOC).
South Africa has reopened the doors for the importation of Pork Meat from Brazil, after 9 years of suspension. The news was released during the opening of the Avisulat 2014 fair in Porto Alegre.
That is a good news for the pork meat exporters because in 2005, when was applied the suspension, South Africa was the fourth market for the Brazilian pork meat exportation.
Due the ban of American and European products from Russia, the exportation of Brazilian Pork Meat has boosted to this country in 2014.
In August of this year the increase was 16.2% in volume, but in terms of revenue the increase was 82.5% for the same period of the last year.
Here is the graphic of the main market of the Brazilian Pork Meat from January to August of 2014, the data are from the Brazilian Association of Animal Protein ( ABPA).
Soya farmers in Brazil, are set to boost the production to a record for a third straight year, it may jump 7.3% to 92.4 million metric tons (Conab forecast) and triggering the biggest global surplus ever.
As consequence the soybean prices have tumbled into a bear market in the past 5 months, touching a 4 year low, leaving some growers unable to find buyers.
According to Mato Grosso Institute of Agricultural Economics, to produce a 60-kilogram bag of soybeans costs nowadays about 46 reais (€14.5), however the buyers are offering 39 reais (€12.31) a bag for delivery in March, after the harvest.
Source : Bloomberg
The Wine Enthusiast magazine has awarded the Portuguese Wine Quinta da Aveleda 2013 as the winner of the ‘100 Best Buys’ list.
The Wine Enthusiast critics tasted thousands of wines over the past 12 months, only 6.4% were included on the list.
The others Portuguese wines awarded are the following:
4º Assobio 2011, do Esporão (Douro, 94 points)
8º Portada Winemaker’s Selection tinto 2011, da DFJ Vinhos (Lisboa, 90 points)
19º Vinhas Altas tinto 2012, Caves Velhas (Tejo, 90 points)
33º Muros Antigos Escolha branco 2012, Anselmo Mendes (Vinho Verde, 91 points)
38º Parcelas tinto 2010, Quinta de Porrais (Douro, 92 points)
49º Casa de Vilacetinho Grande Escolha branco 2012 (Vinho Verde, 89 points)
66º Herdade de São Miguel Colheita Seleccionada tinto 2012 (Alentejo, 90 points)
75º Kopke tinto 2011 (Douro, 90 points)
The complete list you can see here!
Sugar will probably face the first shortfall in years, the main reason is Brazil, which accounted for 28% of global output last year and 57% of exports, which is facing the driest summer in at least 7 decades in the Center South region, damaging the crop and leaving the global sugar output in deficit.
The forecast is that the global sugar output will be 900,000 metric tons below demand in the 12 months ending Sept. 30.
This shortfall could be worst as more cane is used to make ethanol, which is offering better returns due the growing domestic demand for fuel in Brazil.
However the global demand of Sugar will reach a record 167.6 million tons in the year ending Sept. 30, extending two decades of increases that saw consumption surge 48%, according USDA.
The price of raw sugar has advanced 13% since the end of January.
Dave McIntyre from Washington Post tell us why Portugal is highly recommend for wine lovers!
You can read HERE his article.
China is acquiring taste for Olive Oil, although the consumption of olive oil accounts only for 1% of China’s total cooking oil consumption, the importation increased 5,8% in 2013 from the previous year.
The consumption trend of Olive Oil for the next years will continue to grow, the cause behind it is the increase of middle class in China as explained by the professor Zhang Yuxin “From a long-term perspective, rising per capita income, an increase in the number of middle-class people and growing demand for more sophisticated food will continue to increase in China”.
Source: China Daily