Information on some world agricultural products today January 13, 2022

Published 2022년 1월 13일

Tridge summary

The US Department of Agriculture (USDA) anticipates a nearly 30% decrease in arabica coffee production in the 2021/22 harvest due to high temperatures and drought, with Brazil's coffee exports expected to drop by 26%. Global coffee stocks are estimated to be 10% lower by June 2022 than the previous year. In contrast, Guatemala and Honduras have increased coffee flows, along with India in Asian shipments. Ghana's cocoa production has decreased by 53.9% in the 2021/22 season. High ethanol prices in Brazil may lead cane mills to produce more ethanol and less sugar, potentially leading to a drop in Chinese sugar imports due to falling Chinese sugar prices and high ocean freight rates. Concerns about demand in the rubber market have been raised due to the new Covid-19 variant and a slowdown in auto production.

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Original content

Coffee - The US Department of Agriculture (USDA) expects arabica coffee production to decrease by nearly 30% in the 2021/22 harvest, due to the impact of high temperatures and prolonged drought. The current frost is expected to have a similar negative impact on crops during the next harvest season. - USDA predicts that Brazil's coffee exports will plummet by 26% next year. Global coffee stocks are estimated to be 10% lower between June 2021 and June 2022 than in the same period last year. - In the context that Brazil cannot maintain its leading position, other coffee suppliers have increased sales. - Guatemala and Honduras are the two largest contributors to the increase in coffee flows from Central America, while India is the main contributor to the increase in shipments from Asia. Cocoa - Ghana's graded and packaged cocoa (G&S) volume in the 2021/22 season as of January 6, 2022 has decreased by 53.9% compared to the previous season, to 263,000 tonnes, according to data ...

Source: Vinanet