Summary of information on some agricultural products in the world today, January 10, 2022

Published 2022년 1월 10일

Tridge summary

The article discusses the consumption and market trends for various agricultural products. In Canada, the consumption of coffee is projected to reach 5.03 million bags in the next 12 months, driven by the Covid-19 pandemic. globally, coffee prices are expected to remain high due to supply constraints from major producing countries and port congestion. In Ivory Coast, cocoa quality and yield are expected to improve due to seasonal weather conditions, but chocolate consumption has declined due to mobility restrictions caused by the Omicron variant, leading to a pressure on the cocoa market. The sugarcane market is supported by expected improvements in production in Brazil, Thailand, and India. The rubber market is expected to see a global shortage of natural rubber in 2021, leading to a surge in prices, despite adverse weather affecting output in most producing countries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Coffee - According to information from statista.com, about 5.03 million bags of coffee (60kg type) are expected to be consumed in Canada in 12 months (ending October 2022). The complicated developments of the Covid-19 epidemic have boosted Canadians' demand for coffee at home. This number has steadily increased over the past 10 years showing the preference of Canadian consumers for coffee products. - It is forecasted that in 2022, global coffee prices will continue to be high. The complicated development of the epidemic has limited supply from major producing countries such as Colombia and some countries in South America. Besides, the congestion at international ports is predicted to be prolonged. Cocoa - Seasonal light rain and wind in most cocoa growing regions of Ivory Coast will boost the quality and yield of the main October-March and April-September crops. - Decrease in chocolate consumption amid restrictions on movement by the Omicron variant has put pressure on the ...

Source: Vinanet