FlowBank

1022 days ago

The beef business is split up between four firms

Cargill, Tyson, JBS SA, and National Beef Packing Co control the beef sector. Beef is controlled by the Americans and Brazilian's. These four companies slaughtered about 85% of US grain-fattened cattle that are made into steaks. Recently, these company's beef plants have been subject to ransomware attacks, a growing worry across many industries. The price of beef is so small because the quantity produced is so large. This is a hinge point in the waste debate and the eat local rhetoric. Would be interesting to see if these firms will consolidate further .

#Commodities

1022 days ago

Gold trails other surging commodity peers

AngloGold Ashanti has been having a tough year with the CEO seat vacant and their Ghana mine's operations suspended. The world's third largest gold producer saw shares drop 35% this year. Other problems include battling to repatriate more than $461 million of its profits from Congo, resolve tax issues with the government of Tanzania. 

#Commodities

1023 days ago

Food delivery brands: which is American's brand of choice?

Food delivery has never played a bigger role in our lives. After a year of staying home and ordering something to eat, which brand managed to engrave its name in American's hearts? According to Statista's Global Consumer Survey, San Francisco-based DoorDash is the clear winner, followed by Domino's and GrubHub.

#Commodities #Technology
Food delivery brands: which is American's brand of choice?

1023 days ago

Gold-backed loans are surging in India

Gold-backed and jewelry-backed loans are surging in India since the start of 2020. The World Gold Council expects the gold loans market to grow at an annual rate of 15.7% and reach 4.617 trillion rupees in the fiscal year ending March 2022, from 3.448 trillion rupees in the year ended March 2020. India's biggest lender by assets, State Bank of India, reported 465.08% year-over-year growth in gold loans to 209.87 billion rupees for the fiscal fourth quarter ended March 31. Bank of Baroda said its retail gold loans grew 152.52% year over year in the fiscal fourth quarter to 11.01 billion rupees. According to data from the Reserve Bank of India, outstanding loans against gold jewelry among banks rose to 604.64 billion rupees in March from 185.96 billion rupees in early 2020. Total loans at banks grew at a relatively sedate 8.3% over the period.

#Commodities

1023 days ago

EU: Gas comes amiss, coal makes a comeback

Gas is becoming so scarce in Europe that coal is making a comeback. Coal usage on the continent jumped 10% to 15% this year after a longer than usual winter which left gas storages depleted. The return of coal is a real setback for the EU, which is one of the leader in the fight for the climate. 

#Commodities #Macro
EU: Gas comes amiss, coal makes a comeback
bg_newsletter