Market Outlook on Commodities

Behavior of markets and prices in February 2016 of beef, cattle, gold, rice, coffee, sugar, corn and wheat.

Monday, April 11, 2016

From a report by the Central Bank of Nicaragua:

Behavior of markets and prices of major commodities up to February 2016:

Coffee: Coffee futures price in February fell by 0.8 from the previous month, standing at 116.4 cents per pound. Similarly, the price was lower by 25.1% in annual terms. The price performance was due to the expectation of increased Brazilian production. According to the Ministry of Agriculture of Brazil, production for 2016 will be between 49.1 and 51.9 million bags, which could exceed the record harvest of 2012 (50.8 million bags).

Sugar: The price of sugar cane declined for the second consecutive month in February, to end up at 13.3 cents per pound and recording a drop of 7.4% compared with the price in January 2016 and 8.4% in annual terms. The price performance was influenced by the expectation of increased supply in Brazil and concerns of a reduction in demand for bioethanol, due to reduced oil prices. It is noteworthy that Brazil spends more than 70% of the sugar cane harvest on ethanol production.

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Global Food Prices - December 2017

December 2017

World food prices fell slightly in November, as the decline in prices of dairy products offset a sharp increase in the prices of sugar and vegetable oils.

From a statement by the World Food Organization (FAO):

7 December 2017, Rome - Global food prices declined marginally in November, as lower dairy prices offset a sharp increase in sugar and vegetable oil quotations, according to the latest FAO Food Price Index issued today.

Coffee: Global Rates up to February 2017

March 2017

During February, most prices fell, with the Robusta variety registering a steeper decline in international prices.

From the Coffee Market Report February 2016, by the International Coffee Organization:

Market turns down slightly as supply concerns ease

ICO indicator prices fell slightly across all groups but the decline was most pronounced for Robustas.

Global Food Prices up to November 2016

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The decline in the FAO food price index in November was due to a sharp fall in sugar prices, which more than offset a sharp spike in prices of vegetable oils.

From a statement issued by the United Nations Food and Agriculture Organization:

Global Abundance of Grains

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An overproduction of corn, wheat and rice in China and a record crop which is expected this year in the United States will continue to push international prices down.

While drought in Central America ravages crops of basic grains such as corn, it is estimated that this year China will have a reserve of 150 million tons of grain, "...

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