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

Raw Common Coffee Bean
Cocoa Bean
Sugarcane
Published Jan 11, 2022

Tridge summary

It is forecasted that in 2022, global coffee prices will continue to be high. Chocolate consumption declines amid mobility restriction by Omicron variation. Sugarcane crops in India and Thailand are reported to be higher than expected.

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
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