January 2024 Outlook Report: Coffee, Sugar and Value-Added Products

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. Vietnamese prices are predicted to increase due to potential weather concerns, specifically related to the El Niño phenomenon.

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 higher 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 low demand following the conclusion of the festive season.