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December 2023 Outlook Report: Coffee, Sugar, and Value Added Products

Pasta y puré de (ji)tomate
Brasil
Market & Price Trends
Tomate (jitomate) con valor añadido
Colombia
Mzingaye Ndubiwa
Publicado 1 de dic. de 2023
Vista previa del archivo PDF
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Key Indicators: In Nov-23, global freight prices recovered some ground after falling to multi-year lows in the previous months. Price levels seem to be stabilizing around pre-pandemic levels. Along similar lines, fertilizer prices continued their upward trend in October. However, lower energy prices in November might cap the upside. The Food and Agriculture Organization (FAO) Sugar Price Index saw a slight decrease in October, averaging 159.2 points, down by 3.5 points (or 2.2%) from September, influenced by robust sugar production in Brazil.

Coffee: Brazilian coffee prices are forecast to increase due to adverse weather conditions. Improving export volumes are expected to restrict domestic supply, putting upward pressure on Colombian prices in December, while Vietnamese prices are predicted to increase due to the upward movement on the New York and London floors.

Sugar: In India, ample supply is expected to keep prices stable. In Brazil, sugar prices are set to remain relatively stable due to low demand.

Orange Juice: Turkish orange juice (OJ) prices are expected to rise due to an anticipated decline in OJ production. Tridge expects OJ prices in the United States (US) to remain in the upper range for the coming month due to the supply crunch, while Brazilian prices are expected to trade high due to low supply.

Value-added Tomato: Tridge expects value-added tomato products in South Africa to continue trading upward due to supply-related issues and high demand during the festive season.

Índice

Key Takeaways

Part I: Key Indicators

Freight

Sugar

Fertilizer

Part II: Coffee

Brazil

Colombia

Vietnam

Part III: Sugar

India

Brazil

Part IV: Orange Juice

United States

Türkiye

Brazil

Part V: Value-Added Tomato

South Africa

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