Global cocoa surplus of 178,000 tonnes estimated for 2020/21 Ivorian cocoa production projected at 2.2 million tonnes this season Global 2021 cocoa grind expected to rise by 1.2% to 4.7 million tonnes Cocoa futures down 8.2% since the start of 2021, losing USD214/tonne Production The 2020/21 cocoa season is now estimated to see a global…

– 9% increase in global macadamia crop. – 10% increase in global almond consumption expected due to low prices and rising demand in China and India for healthy products. – US walnuts ready for bull market when the latest crop is almost sold out. Production The 2021-22 global macadamia production is likely to increase by…

 Global sugar production in 2020/21 estimated at 186.9 million tonnes  Brazil’s sugar production likely to drop 5.7% to 38.9 million tonnes in 2021/22  China’s sugar imports in April 2021 reached 180,000 tonnes Production Global sugar production in 2020/21 is estimated at 186.9 million tonnes, up from 179.7 million in 2019/20. This means that IHS Markit’s…

Brazil is estimated to produce 48.8 million 60-kg bags of coffee in the upcoming 2021/22 Colombian coffee exports blocked by protests, up to about 500,000 bags delayed Vietnam’s coffee exports in April down 22.1% from March at 132,111 tonnes Production Brazil is estimated to produce 48.8 million 60-kg bags of coffee in the upcoming 2021/22…

Cloves crops falling short of hopes.    Honey draws strong demand. Production Zanzibar and Comoros will have disappointing cloves crops of 4,500 tonnes and 3,500 tonnes respectively, due to unfavourable weather, with harvests starting between June-July. Cyclone Taukta has severely damaged Indian clove plantations, pushing up farmgate prices to a record INR103,000/tonne (USD1,414/tonne) last week….

–  Stabilised spot and futures prices. – 10% increase in exports. The Indian spot fob turmeric price closed in May at INR7,603 per quintal (USD103/quintal) at the Nizamabad market (Telangana state, South Central) on 31 May, unchanged from 3 May, despite weak demand due to lockdowns. The country’s global sales reached 24,790 tonnes, worth USD29.4…

– Sharp rise in prices for small kernels. – African origins are gradually increasing processed exports to EU and US. – Stocks expected to fall sharply in Q3. Indian and Vietnamese stocks of raw cashew nuts (RCN) are tight, meaning higher prices than in 2020, according to trading sources. Cashew is still being harvested in…

Market this week showed a mixed response with only Indonesia black pepper was reported with a decrease. In local market, Malabar black pepper was reported with an increase of 3% when compared to the previous week, averaging at USD 4,675 per Mt. Despite Farmers in Lampung were reported keeping hold of their crop, Indonesia black pepper…