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Soft Commodities News

Stay up to date with the latest news and analysis relating to soft commodities.

EU's New Deforestation Law Threatens to Push Chocolate Prices Even Higher

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 Face Downward Pressure as Exportable Supplies Rise and Chinese Demand Cools

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

Cotton Prices Soften as Supply Concerns Ease and Chinese Demand Uncertain

Cotton prices have retreated in recent weeks, reflecting an easing of concerns about exportable supplies and uncertainty regarding Chinese import demand in the upcoming 2024/25 marketing year, according to a report by Cotton Incorporated. Benchmark prices across major markets have experienced a decline over the past month. The July
Cotton Prices Soften as Supply Concerns Ease and Chinese Demand Uncertain

Mexico Sugar Production Revised Upward, US Beet Sugar Output Trimmed

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

Global Cotton Consumption Projected to Reach Four-Year High

Global cotton consumption is forecast to rise to 116.9 million bales in the 2024/25 marketing year, marking a four-year high and a significant increase from the previous year's consumption level, according to a report by the US Department of Agriculture (USDA) published on Friday. This upward
Global Cotton Consumption Projected to Reach Four-Year High

Thailand Sugar Production Set to Rebound as Exports Surge

Thailand's sugar production is expected to rebound in the 2024/25 marketing year, driven by a recovery in sugarcane production and increased sucrose yields, according to a recent report by the USDA's Foreign Agricultural Service (FAS). FAS forecasts sugarcane production to reach around 96 million metric
Thailand Sugar Production Set to Rebound as Exports Surge

US Spot Cotton Prices Plummet to Lowest Level Since 2020

US spot cotton prices experienced a significant decline, falling to their lowest level since December 2020, as the market grapples with slow trading activity and limited supplies, according to the latest data published by the USDA. Spot quotations for the base quality of cotton averaged 70.35 cents per pound

Cocoa Prices Plunge as Rally Fizzles, Liquidity Dries Up

Cocoa prices have experienced a dramatic downturn, with a nearly 29% drop over the past week, as buyers retreat from the market amidst historically high prices and dwindling liquidity, according to a report by the Wall Street Journal. "After a monthslong rally in crop prices, which sent prices up

US Upland Cotton Sales, Exports See Sharp Drop

Net sales of US Upland cotton for the 2023/2024 marketing year experienced a significant decline, falling 45% from the previous week and 20% from the prior four-week average, according to the latest export sales report from the United States Department of Agriculture (USDA). The report, covering the period of

Cocoa Market in Turmoil Amid Supply Crunch: Financial Times

The global cocoa market is facing significant challenges as traders grapple with a severe shortage of cocoa beans and skyrocketing costs for securing long-term supply contracts, according to a report by the Financial Times. The report highlights the extreme volatility in cocoa prices, with recent plunges of over 25% followed