See what’s on the horizon thanks to Atlante’s commodity market performance insights for UK buyers and beyond.
At Atlante, we recognise the importance of providing up-to-date performance data for each of the main commodity markets. That’s why we offer snapshots and explainers that help to keep buyers informed.
2022 has been a rather turbulent year, with both record-breaking sales in UK supermarkets and grocery price inflation at a record high. So where do the main food commodities stand, and where are they headed?
Prices in a downward phase
Coffee prices are trending downwards, a main driver for this is the expectations that Brazilian supply will improve due to good weather in 2023/24.
Outlook: The current economic situation has caused prices to overshoot the market forecasts.
Sugar prices remain stable
International prices are essentially stable in a phase of the slow rebuilding of global stocks. The situation for the European market is completely different, with prices under severe tension in a scenario that can be described as a marked disconnect from the international market.
In the outlook for sugar with EU prices still at high levels there is a downward phase predicted for 23/24.
Cocoa bean quotations reached the highest levels since 2016
The price of cocoa powder remains high yet stable. The supply slowdown in Côte d'Ivoire and Ghana (low rainfall and fertiliser shortages) is the main driver.
The outlook for cocoa is that prices will remain high in 2023. Further rises are hampered by a possible contraction in demand due to the delicate macroeconomic environment.
Watch this space for more updates on each of the main commodity markets- or get ahead by downloading our full commodities summary here.
Photo by Tom Hermans on Unsplash
