February 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: Ample supply is expected to keep prices stable in India. Sugar prices in Brazil are set to remain relatively stable due to low demand.

•Tea: Indian tea prices are expected to remain subdued due to increased production. Tridge predicts that tea prices in Kenya will remain low due to stable production levels, while Sri Lankan prices are expected to trade high due to heightened demand.

•Honey: Tridge forecasts tea prices in Brazil to remain stable due to ample supply, while Hungarian honey prices are forecast to decrease due to increased supply.