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%|
|Key Monthly Falls||Price in GBP per tonne||m-o-m %||y-o-y %|
|Coconut Oil (EU)||783||-2.50%||-35.30%|
|Apple Juice Concentrate (EU)||1525.2||-1.20%||89.40%|