Posted: April 23rd, 2014 | Author: Pascal Blanc | Filed under: Agricultural, Banana, Commodities, Europe, USA | Tags: banana, banana panama disease, banana price, banana production, banana TR4 | No Comments »
The TR4 strain of Panama disease, a soil-born fungus that attacks plant roots, is deadly for the Cavendish banana that makes up about 95 per cent of supplies to importers, including North America and Europe, Fazil Dusunceli, an agriculture officer at the FAO, said by phone this week from Rome.
While the disease hasn’t reached top Latin America exporters such as Ecuador, Costa Rica or Colombia, TR4 was discovered in Jordan and Mozambique, indicating it moved beyond Asia, he said. Read the rest of Banana production between bananapocalypse and bananageddon » » »
Posted: April 22nd, 2014 | Author: Pascal Blanc | Filed under: Agricultural, China, Commodities, Corn, CSR in purchasing, GMO, USA | Tags: Corn, corn china, corn import china, corn price, corn usa, GMO corn | No Comments »
China turned away at least 1.45 million metric tons of corn since late November, “substantially greater” than the 908,800 reported by the Chinese government, the National Grain & Feed Association, based in Washington, said in a statement last week.
The grain contained a gene developed by Basel, Switzerland’s Syngenta, called MIR162, allowed to be eaten by people in the United States, as well as in some other countries, which hasn’t been approved by China. The current situation could lead to a grain volume increase in the U.S. and reduce the corn futures prices.
Read the rest of GMO corn in trouble » » »
Posted: April 21st, 2014 | Author: Pascal Blanc | Filed under: China, Indonesia, Malaysia, Rubber, Thailand | Tags: rubber, rubber china, rubber glut, rubber japan, rubber price, rubber thailand | No Comments »
The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for September delivery dropped 8.5 yen, or 4 percent, to settle at 206.4 yen ($2.02) per kg. It fell to an intraday low of 205.1 yen per kg, the lowest since October 7, 2009.
The contract ended the week down 3.4 percent and a fifth straight week of losses. “There was no fresh fundamental news, but bearish sentiment got stronger after investors stepped up selling to cut losses amid worries about slowing demand in China and high inventories,” said Toshitaka Tazawa, an analyst at Fujitomi Co.
Read the rest of Rubber: Shanghai and TOCOM lowest since 2009 » » »
Posted: April 19th, 2014 | Author: Rod Sherkin | Filed under: Best practices, Gem | Tags: best practice | 1 Comment »
Purchasers know how hard it can be to convince our superiors & peers that we are doing a good job.
We struggle with Suppliers all the time, arguing, calculating, cajoling, pushing back to get the lowest possible all-in costs – and still we sometimes go over budget!
Does this mean we are doing a poor job? Probably not!
via The Marketplace and the Five-Hundred Pound Gorilla on Propurchaser.
Posted: April 15th, 2014 | Author: Pascal Blanc | Filed under: China, Commodities, Indonesia, Metals, Nickel, Russia, Ukraine | Tags: nickel, nickel ban, nickel indonesia, nickel outlook, nickel price | No Comments »
On the London Metal Exchange, nickel for delivery in three months jumped 2.2 percent to settle at $17,790 a metric ton. Earlier, the price reached $17,917, the highest since Feb. 19, 2013. The commodity climbed for the 11th straight session, the longest advance since Oct. 6, 2010.
Nickel has ridden the longest rally in close to 40 months as the aftermath of a ban by Indonesia on exports of unprocessed mineral ores in January and concerns about Russian supply sank in. Indonesia’s ban that took effect in January and escalating conflict between Russia and Ukraine will send the metal’s prices higher.
Read the rest of Nickel price surges to record peak on Indonesian ban, Ukraine » » »
Posted: April 14th, 2014 | Author: Pascal Blanc | Filed under: Best practices, Gem, Negotiating with Suppliers | Tags: negotiation, rfp, supplier, supplier negotiation, tradeshow | 2 Comments »
Dear Purchasing Professional,
We usually don’t get to speak with you directly when we respond to an RFP. But if we could, this is what we’d say.
We’d like you to know that to get the best value when buying custom tradeshow exhibits you need to take a slightly different purchasing approach. These products require creative thinking (like advertising), and work best when uniquely crafted to fit your company’s needs.
Read the rest of A Supplier’s Advice for Purchasing Custom Tradeshow Exhibits & Environments » » »
Posted: April 13th, 2014 | Author: Pascal Blanc | Filed under: Aluminum, Commodities, Metals | Tags: aluminum, aluminum alcoa, aluminum automotive, aluminum ford, aluminum industry, aluminum lme | No Comments »
A broad look at the aluminum market shows that it’s not just this past year that the metal has performed poorly — it’s been down in the dumps for nearly a decade. As Bloomberg notes, “there have been nine years of excess global production … with Chinese output tripling in the period.”
All that doom and gloom makes this week’s news that in 2014 the metal may go into deficit that much more significant.
Read the rest of The end of aluminum 9-year surplus » » »
Posted: April 9th, 2014 | Author: Rod Sherkin | Filed under: Best practices, Gem, Negotiating with Suppliers | Tags: negotiation | No Comments »
Suppliers often use wage increases to justify nudging up prices each year, usually 1 or 2%. And it’s hard to argue: – seems reasonable, and it’s less than inflation.
But wages aren’t the real issue – labor costs are.
And the reality is that the average cost of a ‘unit of labor‘ is about the same today as it was 5 years ago.
Read the rest of Use labor productivity to drive down purchase costs » » »
Posted: April 8th, 2014 | Author: Pascal Blanc | Filed under: Commodities, Metals, Palladium, Russia, South Africa | Tags: palladium, palladium price, palladium russia, palladium south africa, palladium supply | No Comments »
Palladium prices soared to nearly $800 per ounce, their highest for two and a half years, last month. After staying in the $770~$790 range, it fell today with June futures last trading at $768.75, down 2.8% on the day and recovering slightly from a day low of $761.25.
HSBC’s James Steel and his team published a note late last week discussing platinum group metal prices, which they see as benefiting from tighter fundamentals, in part due to labor strikes in South Africa.
Read the rest of 2014 palladium prices to average $825: HSBC » » »
Posted: April 6th, 2014 | Author: Pascal Blanc | Filed under: Rubber, Thailand | Tags: rubber, rubber future, rubber glut, rubber output, rubber price, rubber stock, rubber thailand | No Comments »
Rubber prices are down as much as 6% this week as traders rush to sell on fears the market will become awash with surplus supply after the Thai government said it would start selling its massive stockpile.
Thai Agriculture Minister Yukol Limlaemthong said the government “will be trying to sell our rubber stocks when the price is right” although added that they won’t sell if prices are “too bad.”
The selloff adds to a bleak start to the year for the commodity, used to make tires and latex gloves, with prices down as much as 23% on signs China‘s resource-hungry economy is slowing.
Read the rest of Rubber prices down 6% on news from Thailand » » »