Soft Commodities News

Improved growing conditions ease supply concerns, sending cocoa futures sharply lower Cocoa prices experienced a steep decline this week as beneficial rains across West Africa, a crucial cocoa-growing region, alleviated concerns about tight global supplies. The improved crop prospects prompted a sell-off in cocoa futures, pushing prices down sharply from

Drought-stricken Brazil sees production forecasts slashed, deepening the global sugar deficit Sugar prices continued their upward climb this week, fueled by escalating concerns over a deepening global supply deficit, as reported by Bloomberg. Raging wildfires in Brazil, the world's largest sugar producer, have further diminished production prospects in

Cotton prices continued their downward slide this month, driven by expectations for another year of abundant global supply and swelling stockpiles. The latest monthly report from Cotton Incorporated paints a clear picture: a buyer's market is emerging for cotton. Benchmark cotton futures contracts across the board, including the

Government enacts immediate ban to bolster local sugar production In a move to revitalize the domestic sugar industry, Kenya has imposed an immediate ban on all sugar imports, as reported by ChiniMandi. The directive, issued by Interior Principal Secretary Raymond Omollo, aims to stimulate the growth of local sugar mills

ICCO forecasts continued tight supply for 2023/24 cocoa year, keeping prices elevated The global cocoa market is poised for another year of tight supply, with the International Cocoa Organization (ICCO) forecasting a deepening production deficit and dwindling stockpiles. This prediction, released in the August edition of the Quarterly Bulletin

Supply concerns and market speculation fuel price swings in robusta market Robusta coffee prices took a downturn Monday, retreating from the record highs reached last week as volatility continues to grip the commodity. As reported by Bloomberg, futures tumbled as much as 5.5% after hitting a peak of $5,

A new European Union law aimed at curbing deforestation linked to cocoa production is threatening to further increase chocolate prices, already at record highs due to supply shortages and surging...

Cotton prices are expected to come under pressure in the 2024/25 marketing year as global exportable supplies increase and Chinese import demand potentially softens, according to a market report published by Cotton Incorporated on Monday. The report highlights the anticipated surge in global cotton production, particularly from major exporting

Mexico's sugar production for the 2023/24 marketing year has been revised upward, while US beet sugar production estimates have been trimmed, according to the World Agricultural Supply and Demand Estimates (WASDE) report released by the USDA last week. The report projects Mexico's sugar output to