Minor bounce for Mexico sugar pricing; early sugar output still lagging

Reference pricing for Mexico sugar strengthened modestly in week of Nov. 22. In recent weeks, estandar has appreciated more strongly, rebounding after its weaker showing from June through October. Refined is holding steady after a more modest decline from August through October. Following price [...]

After falling in 2020, the cost of Thanksgiving meal rises in 2021

In its survey of the cost of a Thanksgiving meal, the American Farm Bureau Federation (AFBF) estimated the cost of ingredients for a ten-person meal at $53.31 ($5.33 per person), the highest price in the survey’s 36-year history. The 2021 estimate is up 13.7 [...]

Cocoa spec selling provides buying opportunity for trade/industry in 2022

Several weeks of speculative fund liquidation has seen cocoa prices correct nearly $400 per MT lower over the past month. This move lower in futures, with prices down 15 percent, was accompanied by large speculative funds selling sold off nearly two-thirds of their long [...]

Food Price Index rises for third-straight month in October

Adjusted for inflation, FAO’s Food Price Index (FPI) rose for the third straight month in October, up a respectable 3 percent YOY from September and up 29 percent YOY. The oils, cereals, and dairy indexes all recorded gains from September, the meat index fell [...]

September FAO food price indexes up across the board

Led by cereals, vegetable oils, and dairy, all FAO food price subindexes were up in September. Though gains were modest, the aggregate Food Price Index (FPI) still rose over 1 percent from August. (All values are adjusted for inflation.) The FPI showed monthly gains [...]

Sugar index leads gains in August rebound of Food Price Index

Adjusted for inflation, FAO’s Food Price Index (FPI) rebounded strongly in August after slight declines in June and July. These two down months, however, followed a full year of monthly gains. Source: FAO Among the subindexes, sugar saw the most significant gains in August. [...]

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