Summary of information on some agricultural products in the world on January 11, 2022
Raw Common Coffee Bean
Published Jan 12, 2022
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 ...