Free Access
February 2023 Market Report
Fresh Whole Atlantic Salmon
Seafood
Thailand
Raw Common Coffee Bean
Fruits
China
Market Intelligence Analytics Team, Rene Salinas, Bojan Mijatovic, Theo Venter, Juan Carlos, Mzingaye Ndubiwa
Published Feb 28, 2023
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Food prices continued their downward trend in January, reaching their lowest point since September 2021. Agri input prices continued to fall mainly as a reflection of lower demand. This trend continued in February. Meanwhile, the US dollar regained some strength after having fallen to multi-month lows in January. Both of these factors are mostly bearish for agri prices.
However, while agri product prices, in general, have mostly fallen from their peaks in mid-2022, some products are making a comeback. Beef, Atlantic salmon, coffee, and almond prices are on the rise mainly on firm demand. Other products such as onions, olive oil, and watermelons have shown sharp increases in the past months on the back of unfavorable weather, which remains one of the most considerable upward risks for most agricultural products.
However, while agri product prices, in general, have mostly fallen from their peaks in mid-2022, some products are making a comeback. Beef, Atlantic salmon, coffee, and almond prices are on the rise mainly on firm demand. Other products such as onions, olive oil, and watermelons have shown sharp increases in the past months on the back of unfavorable weather, which remains one of the most considerable upward risks for most agricultural products.
Table of contents
Summary 3
Input Prices 4
Fruits and Vegetables 5
Meat 11
Seafood 12
Oilseeds 14
Sugar 15
Coffee 16
Nuts 17
Wheat 20
Appendix 21
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