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Gold-silver correlation and gold-silver ratio: Global broker Octa looks at the data


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 15 October 2024 – While gold and silver often move in tandem, their relationship can sometimes be complicated. Despite sharing similar characteristics and applications, differences in underlying demand and supply dynamics can lead to occasional divergences. Octa broker discovers the nuances behind the gold-silver correlation and explores potential trading opportunities with the gold-silver ratio.

Octa

The positive correlation between gold and silver may appear to be regarded as a totally natural phenomenon. Both commodities share related applications, possess very similar characteristics, and are even often found and extracted in the same geological locations. Therefore, it is perfectly intuitive to consider them close substitutes and expect their prices to correlate closely. However, if we delve deeper into the subject, we find important nuances and complexities in the price movements of gold and silver.

Correlation coefficient between gold and silver
In statistics, a correlation coefficient measures the strength and direction of the relationship between the two variables. When it equals 1, the correlation is perfectly positive—as the price of one commodity increases, the price of another also increases (and vice versa). In the case of gold and silver, the correlation is strongly positive and is almost perfect, meaning that the prices of both commodities tend to increase and fall in tandem. Octa broker has studied the daily closing prices of gold and silver from July 1982 to October 2024 and found that the correlation coefficient between the two commodities is around 0.92.

Why the correlation is positive
A very close statistical relationship between gold and silver is mirrored by their similar application in the physical world. Both commodities are precious metals and are often bought and sold for similar reasons. Indeed, according to the World Gold Council and Silver Institute, jewellery accounts for 49% of gold demand and 27% of silver demand. In addition, both commodities are often regarded as ‘safe-haven assets’ or ‘stores of value’. People would often buy gold and silver to protect their capital from inflation. Thus, private investment accounts for another 30% of the gold demand and 15% of silver.

Furthermore, both metals have industrial applications—but unlike gold, silver is used primarily for manufacturing and industrial purposes. Industrial usage accounts for 58% of silver demand and just 11% of gold. Another important difference is that central banks continue to regard gold as pure money and remain active buyers of the bullion to this day. Octa broker calculated that global central banks have bought over 1,000 tons of gold in the past four years. According to the World Gold Council, central bank purchases accounted for almost 20% of total gold demand in Q2 2024.

‘Although both metals share a very similar demand structure, which basically consists of just three sources—jewellery, investment, and industry—the relative share of these sources is rather different. Silver is a sort of quasi-industrial precious metal, while gold still has an important monetary function’, says Kar Yong Ang, a financial market analyst at Octa broker.

These subtle but important differences explain why, at times, the correlation between gold and silver prices had broken down. The global economic recession in 2020, induced by the coronavirus epidemic, led to a sharp decline in industrial demand for silver—but, at the same time, contributed to higher interest in gold as a protective asset during times of uncertainty. Kar Yong Ang, the financial market analyst at Octa broker, says: ‘Silver is much more sensitive to economic cycles than gold because silver’s investment thesis is less pronounced while its industrial usage is more widespread’.

Why silver is cheaper than gold
There is also one huge difference between gold and silver in terms of supply—gold is much scarcer than silver. According to the World Bureau of Metal Statistics, around 3,100 tons of gold were produced in 2023, whereas silver production amounted to 25,200 tons. This is why silver has always been cheaper than gold on a dollar per troy-ounce (oz) basis. As of 4 October, the price of silver on COMEX was $32.17 per oz, whereas gold closed at $2,652.25 per oz.

What the gold-to-silver ratio is
The gold-silver ratio is a popular way to look at the price difference between gold and silver. It is the longest-standing exchange rate that has been consistently monitored throughout history. This ratio shows how many units of silver are needed to buy one unit of gold—and existed long before gold futures started to trade on COMEX in 1982. In ancient Egypt, King Menes established the gold-to-silver ratio of 2.5:1. Subsequently, in 210 B.C., the Roman Empire officially set the ratio at 8:1. The ratio has evolved considerably since then but has generally tended to increase—partly due to governments’ manipulation with money supply and also thanks to the discovery of large silver deposits in South America. To calculate the gold-silver ratio, one needs to divide the current market price of gold by the current market price of silver. As of 4 October, the gold-silver ratio stood at 82.44, which means that one troy ounce of gold can buy 82 ounces of silver—or that 82 ounces of silver are needed to buy one troy ounce of gold.

Traders usually monitor the gold-silver ratio to find anomalies in the relative valuations of precious metals. A high ratio relative to historical norms suggests that silver is undervalued compared to gold, while a low ratio indicates the opposite. In other words, when the ratio deviates substantially from its historical norm or a long-term average, traders would bet that it will return back to normality. Kar Yong Ang, the financial market analyst at Octa broker, provides the following example: ‘In March 2020, the gold-silver ratio rose above 120, more than 40% above its long-term average, indicating that silver was extremely cheap relative to gold, and that gold was extremely expensive relative to silver. In this situation, a trader could either sell gold or buy silver. The smartest decision, however, is to do both. This way, a trader gets exposure to the ratio itself and is essentially placing a bet that the ratio will return to normal with a relatively low risk’.

Gold in South and Southeast Asia
Gold plays a vital role in the traditions and culture of South and Southeast Asian nations. Apart from being a safe-haven asset, it is viewed as the symbol of prosperity and is often used to underpin status and wealth. Owning gold jewellery or ornaments has been a traditional way to display affluence. Besides, gold has an important religious significance—especially in India, where it is closely linked to Hindu mythology and is often associated with sacred rituals. Overall, Asian countries are among the largest importers of gold worldwide. In fact, just four Asian countries—China, India, Singapore and Thailand—account for over a third of all global gold imports, around 39%.
Hashtag: #Octa

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Octa

is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

The first International Intelligent Construction Industry Expo held on 20 October in Shenzhen, China


SHENZHEN, CHINA – Media OutReach Newswire – 15 October 2024 – With the flourishing of the fourth technological revolution, intelligent construction has become the theme of change in the construction industry. In order to promote effective synergy between upstream and downstream of the industry chain, cross-industry cross-border integration and innovation, and cultivate the intelligent construction industry ecology, we unite with enterprises upstream and downstream of the industry chain and cross-industry enterprises, and organise the first professional exposition focusing on the whole link, element and life cycle of intelligent construction in the construction industry—the 2024 International (Shenzhen) Intelligent Construction Industry Expo. The expo will be held on 20-21 October at Shenzhen Convention and Exhibition Centre (Futian).

The Expo focuses on intelligent construction, with the theme of ‘Promoting the “Five Harmonies in One” and Developing New Productivity’, based on standardisation, industrialisation, digitalisation, intelligence, greening, and the concept of building and sharing. The industry will co-operate with all parties, highlight the ‘three orientations’, and create a ‘different’ industry grand ceremony.

Highlight the professional orientation, according to the characteristics of intelligent construction, set up digital design, intelligent production, intelligent construction, intelligent equipment, intelligent operation and maintenance, industrial Internet, and green low-carbon 7 exhibition areas. Theme forums will be held, inviting academicians, cross-border experts, entrepreneurs, and ‘industry, academia and research’ to talk about intelligent construction, gain insight into industry trends and lead the development of the industry.

Highlighting product orientation, upgrading the concept of product integration, showcasing leading products in all aspects of intelligent construction, holding product conferences, releasing innovative products in the construction industry that have gained market access and have commercial value around new materials, new equipment and new engineering software, and pulling the whole industry chain with productisation to open up a new wind direction for the development of productisation in the construction industry.

Highlighting market orientation, the joint organisers will open up application scenarios, release scientific research and procurement demands, establish green channels for new products to enter the supply chain, practice supply chain-based collaborative innovation, promote scientific research cooperation, supply and demand docking, and promote the integration of the intelligent construction industry chain and the innovation chain towards new development.

Contact: Ms. Teng +86 13821221894 (WeChat)
E-mail: ibie2024@ibie-expo.cn
Tianjin Zhenwei International Exhibition Group Co., Ltd
http://www.ibie-expo.com/

Hashtag: #TianjinZhenweiInternationalExhibitionGroup

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VT Markets Analysts Highlight the U.S. Presidential Election’s Impact on Equity Markets for Q4


HONG KONG SAR – Media OutReach Newswire – 15 October 2024 – As the U.S. presidential race heads into its final stages, VT Markets analysts have released a comprehensive study detailing the expected impacts on equity markets in the fourth quarter. The report examines shifts in various sectors, market reactions to political events, and strategies that traders and investors might consider.

Shifts in Market Sentiments and Sectors

According to VT Markets, the equity market experienced considerable volatility in the third quarter, influenced by uncertainty around the Federal Reserve’s policies and the broader economic outlook. Tech stocks, which had surged on AI-driven growth, began to show signs of correction as traders realized profits. Despite strong earnings from tech leaders like Apple and Tesla, market sentiments remained cautious overall.

However, September saw a resurgence in tech stocks due to renewed confidence in AI’s long-term impact on productivity. Simultaneously, traditionally lagging sectors such as utilities, real estate, industrials, and materials experienced rapid gains, indicating a significant market rotation.

The Presidential Election as a Market Catalyst

The VT Markets report identifies the upcoming U.S. presidential election as a critical factor influencing market dynamics in the fourth quarter. The analysts note an unexpected twist in the Democratic campaign, with Kamala Harris stepping in as the nominee, which has intensified the competition against Donald Trump. Polls suggest a tight race, with Harris slightly leading Trump as of September.

The analysts emphasize that key battleground states like Michigan, Pennsylvania, and Nevada are likely to decide the outcome, with Pennsylvania poised as a particularly unpredictable battleground.

Candidates’ Economic Policies and Market Implications

The study outlines the economic policies proposed by both candidates, which could significantly impact various market sectors. Kamala Harris proposes raising corporate taxes to fund public initiatives and maintaining tax cuts for individuals earning under $400,000. [1] Donald Trump, conversely, aims to lower corporate taxes further and increase tariffs, especially on Chinese imports. [2]

Immigration and energy policies also diverge sharply between the candidates, with Trump advocating for stringent measures against illegal immigration and favoring traditional energy subsidies.[2] Harris supports a legal pathway for undocumented immigrants and intends to invest heavily in renewable energy. [1]

Strategic Implications for Investors

VT Markets analysts suggest that the election results will play a crucial role in shaping investment strategies in Q4. A re-election for Trump could spur growth in fossil fuels, financials, defense, and cryptocurrency sectors. A victory for Harris, on the other hand, is likely to boost renewable energy, electric vehicles, and semiconductor industries.

Despite the election’s uncertain outcome, the analysts believe that AI-driven tech stocks will continue to offer robust investment opportunities, potentially propelling a broader market rally post-election.

The VT Markets Analysis Report

The VT Markets report provides a detailed analysis of how political developments, and the presidential election are expected to influence market trends and investor strategies in the upcoming quarter. With these insights, VT Markets aims to equip investors with the knowledge to navigate the anticipated market volatilities effectively. This analysis is based on current market conditions and political scenarios, which are subject to change. The projections and opinions expressed are intended to provide insight at a specific time and are given in good faith. No financial market prediction can offer a guarantee, and investors are encouraged to conduct their own research or consult with a financial advisor before making any investment decisions based on this report.

[1] https://kamalaharris.com/

[2] https://www.donaldjtrump.com/

Hashtag: #VTMarkets #CFDs #CFDsbrokers #Forextrading #indices #FOMC #Trading

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GOELIA continues its international expansion with the opening of nine new stores during Golden Week


SINGAPORE – Media OutReach Newswire – 15 October 2024 – During China’s 2024 National Day Golden Week, celebrated fashion brand GOELIA opened nine new stores in China and overseas focusing this time on Singapore, where three flagship stores were launched consecutively at Jewel Changi Airport and Orchard Road. In contrast to the general trend of closing physical stores mainly due to the economic downturn, GOELIA, strong of its financial performance, has bucked the trend strengthening its international presence. Already, these new openings have proven a great success among the communities.

GOELIA.jpg

GOELIA fully enters the global market through bold innovation and aggressive expansion

Being the first Chinese fashion brand to integrate global traveling as part of its culture in designing fashion, GOELIA’s recent international strategy marks a step further in putting the brand on the global map. The brand now boasts online customers from nearly 60 countries and a fan base across 188 countries and regions. Furthermore, GOELIA has established multiple flagship stores in landmark commercial districts in Australia, Singapore, and most recently in Spain.

As a global hub for international trade, Singapore features the world’s most significant transshipment port and an air transport network connecting Asia, Europe, Africa, and Oceania. It is also one of the most influential and multicultural consumer cities worldwide. GOELIA has identified Singapore as a pivotal step in its international expansion strategy. With the opening of three stores, the brand is expanding its investments in the Singapore market, strengthening its presence and laying the foundation for breaking into additional markets to solidify its presence at international level.

GOELIA’s confidence in its global expansion is based on having more than 30 years of history, rigorous quality control, and an excellent pricing strategy. In addition, GOELIA has implemented research and its effective localization strategy to accommodate different languages, cultures, tastes, and preferences.

By setting up operational branches in various countries, local teams work closely with the headquarter in China to ensure effective localized management. The brand tailors its product lines for each region based on market preferences and consumer profiles. Furthermore, the integration of offline flagship store services with a global free shipping strategy for orders exceeding a certain amount on the official global website provides consumers worldwide with a convenient, high-quality, and trustworthy shopping experience.

GOELIA gains international favor with a sustainable fashion philosophy

“Nature + Civilization = Fashion” embodies GOELIA’s fashion perspective. The brand carefully selects natural materials for its clothing, with core products featuring fabrics such as mulberry silk, triacetate, traditional Xiangyun silk, 95% white goose down, and cashmere. Accessories also emphasize natural materials, like Tahitian shell buttons and palm nut buttons, aiming to provide consumers with higher-quality products at competitive prices.

GOELIA’s global stores are designed around the concept of natural ecology and wildlife conservation. In Singapore, each of the three stores presents a unique environment reflecting Goelia attention to nature and sustainability. The interiors are designed to reflect the changing seasons and Goelia’s love for country.

From China to Asia, Australia, and Europe, the phrase “Keep moving forward!” is frequently shared by GOELIA’s founder. The brand’s next stop, the “Starred Store Journey,” is fashion capital Barcelona in Spain. The intention is to reach and inspire more global consumers marking the start of a new era for China’s fashion industry.
Hashtag: #GOELIA

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Octopus Holdings Limited Receives Grand Award at the 2024 Hong Kong Management Association Quality Award


HONG KONG SAR – Media OutReach Newswire – 15 October 2024 – On October 14, the Octopus Group (“Octopus”) was honoured with the Grand Award at the 2024 Hong Kong Management Association (“HKMA”) Quality Award.

Ms Jeny Yeung, Chairperson of Octopus received the prestigious award together with Mr Tim Ying, Chief Executive Officer of Octopus from Prof Winfried Engelbrecht-Bresges GBS JP, Chairman of The Hong Kong Management Association and Dr Jacob Kam, Chairman of 2024 Quality Award Organizing Committee.
Ms Jeny Yeung, Chairperson of Octopus received the prestigious award together with Mr Tim Ying, Chief Executive Officer of Octopus from Prof Winfried Engelbrecht-Bresges GBS JP, Chairman of The Hong Kong Management Association and Dr Jacob Kam, Chairman of 2024 Quality Award Organizing Committee.

Jeny Yeung, Chairperson of Octopus: “At Octopus, we strive to pursue excellence and quality management, along with the company’s wholehearted devotion to serving our customers, bringing them best-in-class customer experience. I wish to take the opportunity to express our heartfelt gratitude to our customers as well as our government and business partners for their continued and unwavering support.”

Established in 1991, the HKMA Quality Award aims to promote quality management in Hong Kong by recognising organisations that exemplify exceptional standards through sustained commitment and well-established processes. The award evaluation criteria encompass seven key areas: leadership, strategy, customer focus, measurement and analysis, knowledge management, workforce engagement, operations, and results.

Upon a highly-detailed submission and thorough judging process, HKMA commended Octopus for embracing a clear definition of Vision, Mission and Core Values (VMV), with a robust communication and governance framework to effectively convey the corporate values and mission at all levels. Octopus was further recognised for making significant efforts in offering fair treatment to various customer groups, including the elderly, the disabled and students, facilitating ease in their usage of products and services. Providing access and support on both consumer and merchant fronts while enhancing the overall user experience showcased Octopus’ dedication to continuous improvement and a proactive approach to meeting the evolving needs of people from all – going beyond mere business and financial metrics.

Tim Ying, CEO of Octopus: “The foundation of excellence and quality is our people. Our colleagues are instrumental in delivering a fast, safe, and convenient payment experience that powers mobility and commerce across Hong Kong. As we transition from physical cards to mobile solutions, our mission remains clear: to make everyday life easier for everyone. This recognition from HKMA inspires us to continue pushing boundaries and enhancing our services for our customers. We also extend our congratulations to all participating companies in this year’s HKMA Quality Award.”

Hashtag: #Octopus

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About Octopus Group

Octopus Cards Limited, a subsidiary of Octopus Holdings Limited provides innovative payment services and solutions to meet customers’ diverse payment needs. It operates Octopus Cards (Licence Number: SVF0001), one of the world’s leading and most extensively accepted contactless smartcard payment systems. Its aspiration is to bring diversity and inclusion in payment to customers in all facets of life.

Today, more than 24 million Octopus cards and products are in circulation; spanning businesses including public transport, parking, retail, self-help services, schools, and leisure facilities, and access control for residential and commercial buildings. There are almost 190,000 Octopus acceptance points in the market. Octopus’ application has been extended to online and mobile payment arenas with services including Octopus on iPhone and Apple Watch, Octopus on Samsung Pay, Octopus on Huawei Pay, Octopus App, Octopus Wallet, Octopus Mastercard® and UnionPay, bringing new payment experiences to customers.

Octopus exports its unique experience and technology overseas, offering consultancy services across the world. The mission of Octopus: Making everyday life easier. For more information about Octopus, please visit .

ONYX Hospitality Group shines at the 2024 Marketing Excellence Awards as Amari Bangkok triumphs in the Anniversary Marketing category

BANGKOK, THAILAND – Media OutReach Newswire – 15 October 2024 – ONYX Hospitality Group, a leading Hospitality management company of luxury hotels, resorts, serviced apartments, and residences in Southeast Asia, showcased its marketing prowess by securing a ‘Bronze’ award for Amari Bangkok in the ‘Anniversary Marketing’ category at the prestigious Marketing Excellence Awards 2024. This recognition reaffirms ONYX’s leading position in the region’s ever-evolving market, underscoring its commitment to delivering exceptional experiences to every guest.

ONYX Hospitality Group's executives (from left): Sukamal Mondal, Area General Manager, Bangkok; Natsuda Lapai, Director, Culinary Marketing; Niwat Vaitayamongkol, Senior Director of Brand and Marketing Communications.
ONYX Hospitality Group’s executives (from left): Sukamal Mondal, Area General Manager, Bangkok; Natsuda Lapai, Director, Culinary Marketing; Niwat Vaitayamongkol, Senior Director of Brand and Marketing Communications.

The Marketing Excellence Awards celebrate outstanding marketing plans across various industries, highlighting creativity, strategic thinking, and innovation. ONYX Hospitality Group’s success stems from a marketing plan developed and executed by its internal marketing team in collaboration with Amari Bangkok, one of ONYX Hospitality Group’s leading Hotel brands, to mark the Amari Bangkok’s 30th anniversary. This campaign resulted in a 23% increase in walk-in customers, a 63% boost in social media reach for the hotel and its restaurants, and a 5% growth in direct booking revenue during the campaign period.

This award marks a significant achievement for ONYX Hospitality Group and Amari Bangkok, showcasing their dedication to crafting high-quality marketing strategies adaptable to diverse contexts. It aligns with ONYX Hospitality Group’s strength in offering a ‘Tailored Approach to Hospitality,’ which differentiates the business and supports sustainable growth. The accolade also reflects ONYX Hospitality Group’s unwavering commitment to advancing its vision of becoming “The Best Medium-sized Hospitality Management Company in Southeast Asia.”

Hashtag: #onyx

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HonKuwa, with Academician Yoshiki Sawa, Ushering in a New Era of Innovative Drug R & D.


TOKYO, JAPAN – Media OutReach Newswire – 15 October 2024 – HonKuwa Pharmaceutical Co., Ltd. officially announces a strategic partnership with Professor Yoshiki Sawa, a world-renowned expert in the field of regenerative medicine and an academician of the Engineering Academy of Japan. Professor Sawa has been appointed as the honorary chief research scientist of HonKuwa. At the signing ceremony held at InterContinental Osaka, both parties jointly embark on a new chapter in the exploration of innovative drugs.

Caption

This cooperation is designed to combine Professor Sawa’s outstanding research in cell biology and regenerative medicine with HonKuwa’s cutting-edge product development capabilities, promoting innovative treatment solutions in the fields of joint and muscle injury repair. Professor Sawa stated, “I have been dedicated to regenerative science research and clinical practice. I look forward to closely integrating the latest technology in this field with HonKuwa’s products and exploring how to better apply scientific and technological achievements in clinical settings to help more patients improve their health. I have full confidence in HonKuwa’s team and expect to work together to transform scientific research results into practical health solutions.”

HonKuwa Pharmaceutical Co., Ltd. was established in 2011 and is focused on the production and trade of health foods, medical products, and medical devices. Adhering to the business philosophy of “quality first, reputation supreme,” it is committed to providing high-quality health products for global users. This cooperation marks an important step forward for HonKuwa in the field of global innovative drug research and development. Both sides will jointly contribute more groundbreaking scientific research results to the medical and health field.

Hashtag: #HonKuwa

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About HonKuwa Pharmaceutical

Since its establishment, HonKuwa has been consistently dedicated to researching and producing health products with high quality standards, covering areas such as health foods, medical products, and medical devices. The company is committed to promoting the development of global health through continuous innovation and helping more people achieve a better quality of life.

A Taste Of The Future: The Go-To Spot At The Worldchefs Congress & Expo 2024

In one of the world’s biggest gatherings for culinary experts, the future makes its way to the present.


SINGAPORE – Media OutReach Newswire – 15 October 2024 – Professional food services brand Unilever Food Solutions (UFS) is bringing its eight (8) new culinary trends set to future-proof food businesses at the Worldchefs Congress & Expo 2024 on October 21 at Marina Bay Sands, Singapore.

A Taste Of The Future: The Go-To Spot At The Worldchefs Congress & Expo 2024

Giving a tasteful peek into how the future can play out for food businesses during its hour-long activation, UFS is bringing to life its 2024 edition of the Future Menus Top Global Trends report, which compiles robust global data and extensive chef inputs translated into practical, actionable solutions for foodservice operators of all sizes.

“In their pursuit of knowledge, technique enhancement and expansion, and menu innovation, the future is where chefs need to be,” says UFS Executive Chef (Singapore, Vietnam, and Cambodia) Eric Chua. “The Worldchefs Congress is a buffet of

opportunities just waiting to be savored. It’s crucial that we do not miss out on what matters most: The future of the food that we are serving to diners. There is so much more to learn about what worked in the past and what needs to be done now for a better tomorrow, and we invite chefs to partake in the flavors of tomorrow and chip in to the melting pot of infinite possibilities.

Presenting: The Culinary Infinity

The food service industry is constantly evolving and diners are constantly expecting more–failing to keep up means risking going down. This is why chefs need a partner that can open up their kitchens to infinite ways to stay ahead of the culinary curve.

“UFS champions for food innovations that are practical, sustainable, and robust,” added Vangie Hu, Regional Marketing Director of UFS Southeast Asia. “Embracing the ever-evolving nature of food without forgetting essential culinary principles, UFS has leveraged global data and insights from chefs to create a report highlighting the top eight trends shaping the next year of dining experiences worldwide.”

During the one-hour in-Congress activation mounted by UFS, attendees will experience the eight (8) global trends identified by experts worldwide through redefined culinary boundaries.

Among the tasteful discoveries that await are unlikely ingredient pairings that make for fresh new flavors, new ways for low waste, modernizing comfort food, and locally sourced ingredients and their sustainable sourcing practices.

Joining guests are Chef Eric Chua, Executive Chef for UFS Singapore, Vietnam, and Cambodia; Chef Gun Gun Handayana, Executive Chef for UFS Indonesia; Chef Kenneth Cacho, Executive Chef of UFS Philippines; and Chef Jiraroj “Pop” Navanukroh, Executive Chef of UFS Thailand.

The Trends That Await

Streamlining a chef’s journey to finding trends that work best for their own menus, the UFS Future Menus report identifies eight (8) actionable global trends:

Flavor Shock: No Rules Experience

Diners these days are seeking far more than the usual; they are after an experience that dazzles, surprises, and challenges every one of your senses. In an era where sensory overload is the norm, culinary creations must tear up the rulebook, crafting dishes that are experimental, that push boundaries and exceed expectations.

Local Abundance: Celebrating Local

Local abundance is all about celebrating our homeland. The freshness of local and seasonal produce elevates our dishes to new heights. More importantly, it is about strengthening the bond between our kitchens and our communities. By building these relationships, we’re not just sourcing ingredients; we are including the story of our region into each bite.

Low-Waste Menus: Maximizing Creativity

The trend helps chefs use ingredients and resources wisely, save money, and please diners who care about eating well. Chefs now have a cheat sheet to getting the most out of every ingredient, meeting expectations of young chefs and aware diners who want sustainable kitchens. A promising area to explore in a time of innovation and conscious living.

Modernized Comfort Food: Adventurous and Satisfying

With many diners seeking comfort in what they eat, the trend for the taste of home food is still going strong. But while consumers may be looking for the familiar, they also want something new. This trend isn’t just about updating old classics; it is about infusing dishes with culinary storytelling, heritage, and a touch of nostalgia.

Plant-Powered Protein: Veggie Protein Heroes

There is an increase in flexitarianism, where people who are not fully committed to a vegetarian/vegan diet substitute 1-2 meals weekly with plant-based dishes for the health benefits. This trend offers a huge opportunity for chefs to provide diners with diverse and inclusive menu choices while reducing their costs and environmental footprint.

The New Sharing: Dynamic and Interactive

Diners appreciate being able to eat together with fun, tasty food that can be shared in a relaxed setting. The table is used as a setting where food is not just a meal but it’s a driver of joy, laughter, and connection. The opportunity for chefs here is enormous, it is the innovation playground for experimentation, mashups and extravagant experiences that redefine sharing.

Irresistible Vegetables: Vegetable Democracy

Vegetables are growing in popularity and becoming the stars of chefs’ signature dishes to appeal to the new generation of diners. They are not only nutritious, but also colorful and tasty. But it requires more skill and creativity from chefs to bring out the best in plants. Let’s welcome the change and add more colors to our tables.

Feel-Good Food: Holistic Wellbeing

Consumers increasingly recognize that our health begins with the choices we make on our plates. And diners will demand dishes that are crafted with care. It is about serving less saturated fat, opting for leaner cuts, and lightening up on the sauces. Feel-good food is about finding that perfect balance where every dish makes you feel better and more energized.

Download and learn more about the Future Menus trend report by attending the Worldchef Congress on October 21st, at Marina Bay Sands, Singapore.
Hashtag: #UFS #UnileverFoodSolutions

The issuer is solely responsible for the content of this announcement.