Bouillon is the whole story on the figures side. As of 4 November 2026, meat bouillon, beef bouillon, pork bouillon, chicken bouillon, vegetable bouillon and fish bouillon all stand 1.7% higher than three months ago and 2.1% higher than a year ago. Six risers, no fallers.
Because the six moves are identical, the family averages come out at the same figures, +1.7% and +2.1%. Both sit above the Ingredients group, which averaged +0.8% over three months and -0.5% over one year. None of the bouillons carries a market note, and the letter does not guess at a reason for the rise.
The two remaining materials have notes but no index. The cognac note, dated 2 November, centres on tariffs. On 29 September, cognac sales were reported sharply lower amid Chinese and US duties. On 26 September, a French court ordered a Sazerac subsidiary to honour cognac supply contracts with producers, and on 13 October the US spirits industry asked for the tariff on French cognac to be lifted, saying it raised importers' costs.
The whisky note looks at India and Scotland. A UK trade deal that came into force in India in July cut duties on some Scotch imports. On 22 October, Allied Blenders and Distillers opened a malt distillery in Telangana, and on 21 October Scotch consumption in India was reported to be growing faster than the whisky market overall.
The family holds eight materials, six of them indexed. For a buyer the split is clear: bouillon can be followed through its index, moving as one block, while cognac and whisky can only be followed through dated news. The note on whisky also reports that a decline in Scotch had cut malt demand, a point worth noting for anyone who buys malt.