Sugar prices are up month on month as new forecasts put overall global production down 2%. A 12% decrease is expected from Brazil as it moves more sugarcane to ethanol production to maximise revenue.
Adverse hot and dry weather conditions across the EU, CIS and Australia drove rapeseed oil prices up from 19 June, as concerns grew over feedstock rapeseed crops for next season.
Rye prices in Germany have risen due to tight supplies. A shortage of US rye, driven by increased demand for rye flour and reduced planted areas has seen demand turn towards Germany and the Netherlands.
Sri Lanka saw a 10% increase in May’s tea production compared with May 2017, causing prices to fall. However, prices are still up on last year as rains damaged plantations.
Mintec
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