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Cocoa Prices Tumble as Favorable West African Weather Boosts Crop Outlook

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

Sugar Prices Surge as Wildfires in Brazil Fuel Global Supply Fears

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 Fall as Global Supply Glut Looms

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

Kenya Slams Door on Sugar Imports, Prioritizing Domestic Industry and Farmers

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

Global Cocoa Deficit Projected to Deepen, Pushing Stocks to 45-Year Low

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

Robusta Coffee Prices Slide From Record Highs, Volatility Persists

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,

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