Analyst Insights

Daily Market Price Updates and Commentary 

The cocoa market has tripled in the past 7 months and has now hit all-time highs. This has followed a drop in production in West Africa, caused by disease, high tree age and low fertiliser application. Yet many farmers are still not seeing the benefits of high prices.

The US Department of Agriculture has flagged that India’s wheat stocks are falling to very low levels. India’s government prioritises food security. Might imports be on the horizon? 

Daily Market Price Updates and Commentary

Daily Market Price Updates and Commentary

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• The Science Based Targets initiative has rolled back opposition to use of credits.
• The board plans to endorse the use of carbon credits to offset Scope 3 emissions.
• Stakeholders are sharply divided over role of offsetting: “business versus science”.

Daily Market Price Updates and Commentary

• Global sugar production in 2024/25 could be the second highest on record.
• Cane and beet growers are starting to respond to high prices.
• The world’s sugar stocks should start to rebuild from today’s low levels.

• The EU’s FuelEU regulation for shipping equates biofuels to fossil fuels.
• The bloc argues that this will prevent emissions from land use change and biodiversity loss.
• But ethanol producers on both sides of the Atlantic are taking legal action.

• The week was mainly neutral for wheat and corn.
• The latest WASDE report painted a picture of high grains stocks.
• However, USDA figures differ greatly from official estimates in Argentina and Brazil.

• US sugar sales and planting for next season are progressing slowly.
• High cocoa prices and stubborn inflation are slowing demand for products.
• The USDA raised projections of high-tier sugar imports amid Mexico’s ongoing production issues.