Summary of information on some agricultural products in the world on January 11, 2022

Published 2022년 1월 11일

Tridge summary

The article provides updates on the global agricultural market, focusing on the prospects and challenges faced by key commodities such as coffee, cocoa, sugar, and rubber. It highlights a predicted rebound in Brazil's coffee crop for the 2022/23 season, which could lead to a surplus and lower prices, though logistical issues are currently hampering exports. In Ivory Coast, cocoa crushing has seen a slight increase, reaching 52,000 tonnes, with the total output slightly surpassing the previous period. Thailand's sugar output has significantly risen in the ongoing season, contributing to lower raw sugar prices due to improved supply prospects. Meanwhile, China, the world's largest rubber buyer, is grappling with the Omicron variant and may extend restrictions, and Thailand plans to implement new measures in response to the rising cases of the variant.

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

Original content

Coffee - The prospect of a rebound in Brazil's coffee crop this year after last year's plunge is weighing on prices. HedgePoint Global Markets predicts that Brazil's 2022/23 coffee crop will recover to 65.8 million bags, the country's second-biggest coffee crop. According to HedgePoint estimates, the increase in Brazil's coffee production will create a coffee surplus of 6.2 million bags, helping to reduce coffee prices. - The limited logistics sector and the delay in global freight transport at the main ports that cannot be overcome at least until mid-2022 are the reasons for the decline in coffee exports. Cocoa - Ivory Coast's cocoa crushing rose nearly 2% year-on-year to 52,000 tonnes, according to data from the GEPEX Exporters Association. - From the beginning of the crop to December 2021, the total output of crushed cocoa reached 159,000 tons, a slight increase compared to 151,000 tons at the same time of the previous crop. - Ivory Coast has a total crushing capacity of ...

Source: Vinanet