Demand for rice in Indonesia has skyrocketed thanks to a government edict allowing 500,000 tonnes of imports into the country. As a result, imports to the country have doubled in February, sending prices surging in nearby India, Thailand and Vietnam.
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US orange trees are under stress, resulting in a continuous fruit drop and slight price rises in US frozen juice concentrate.
Cocoa bean prices are lower year on year thanks to good production in 2016/17. However, prices are up month on month due to strong demand and revised production figures.
Meanwhile, soybean oil prices have dropped as a result of speculation on growing stocks in the US alongside improving crop prospects in Brazil - US ending stocks are forecast up 58% year on year to 13 million tonnes for 2017/18.
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