Global production of apples is forecast to fall 3.2% on last season to 76.2 million tonnes in 2017/18. This adds upward pressure to apple juice prices, which remain high following inclement weather during the Polish spring, which adversely affected production.
Crude oil prices have risen month on month as a result of a tightening supply outlook due to OPEC-led production cuts. Tensions and unrest in Iran have also driven prices up.
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Palm oil prices fell month on month, driven by increasing production outlooks for the 2017/18 season, up 7% to 668m tonnes.
Sugar prices have fallen, driven by increased sugar cane production from Brazil, alongside an influx of sugar from Europe following the abolition of the EU sugar quotas at the end of September.
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