The impact of citrus greening disease has reduced the sweetness of oranges in the US in recent months, leading processors to increase volumes for manufacturing, causing a spike in prices and demand.
Tight supply is keeping European pulp prices high, as inventories fell 9% from April to May.
The recovery of coconut production in Southeast Asia has weighed down on the prices of coconut oil in Europe.
A smaller apple crop available for processing from Poland as a hangover from last year’s frost damage has resulted in prices rising.
Total availability of UK oats for 2017/18 is estimated at 6% higher than the previous season. The final production is forecast to increase 7% y-o-y, with the abundant supplies driving prices down.
| Key Monthly Rises | Price in GBP per tonne | m-o-m % | y-o-y % |
|---|---|---|---|
| Frozen conc orange juice (ICE) (US) | 2678 | 19.00% | 11.00% |
| Cocoa beans (London ICE) (UK) | 1966.3 | 8.60% | 28.20% |
| Coffee - Arabica (ICE NY) (US) | 1995 | 7.00% | -13.70% |
| Barley - Malting (FR) | 165.3 | 6.90% | 5.80% |
| Pulp (EU) | 864.24 | 5.60% | 30.80% |
| Key Monthly Falls | Price in GBP per tonne | m-o-m % | y-o-y % |
| Polystyrene (EU) | 1672 | -8.20% | 1.50% |
| Tea (LK) | 2818 | -4.70% | -16.00% |
| Coconut Oil (EU) | 783 | -2.50% | -35.30% |
| Apple Juice Concentrate (EU) | 1525.2 | -1.20% | 89.40% |
| Oats (UK) | 126.6 | -0.40% | -13.90% |
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