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Ontario Hazelnut Production must grow to supply Ferrero Roche

by Denise Faguy, Farms.com

More than 120 people are attending today’s hazelnut conference in Brantford, Ontario. "Moving Hazelnuts to Commercial Production" is a full-day conference aimed at advancing the production of hazelnuts in Ontario.

Speakers from Yoso Foods and Cocomira Foods presented insights and information on their businesses and their views of the growing market for hazelnut based products, including milk and chocolate products.  Speakers from the University of Guelph projected a need for 16,000 acres of hazelnuts in Ontario.

2014 Hazelnut conference

Anchored by the demand from the Ferrero Rocher plant in Brantford, Ontario, John Kelly, director for the Ontario Hazelnut Association (OHA), suggests that the Ontario production could grow to $80 million per year.

The conference will also include the Annual General Meeting for the OHA .More information can be found on the Ontario Hazelnut Association Website

View Photo Album of the 2014 Ontario Hazelnut Conference.

 


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The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.