Commodities Bulletin Colonial Goods - Coffee
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Whilst looking at the commodities markets globally, there are higher bids for sugar leading to lower international prices:
BRAZIL: The cumulative increase in production was confirmed (+4.4%), with production from October to the end of December 150% higher than in the same period of the previous marketing year.
INDIA: Production from the beginning of October to mid-January was 4% higher than in the previous marketing year.
THAILAND: High sugar yields and higher cane processing rates support expectations of increased production for this marketing year. The improvement in supply will bring down international quotes, although EU prices will still remain high.
The forthcoming sowings and the development of demand will be decisive, particularly against a background of inflation and low economic growth prospects. At the global level, stocks are expected to continue to rebuild slowly.
Production will struggle to grow substantially at the European level, and stocks will remain in deficit. In addition, the duties imposed by the EU on sugar imports are prohibitive.
To read the complete February 2023 Commodities Bulletin register here: