Cocoa prices continue to rise amid tightening supply after the Ivory Coast cocoa and coffee council suspended projects to boost production in an attempt to increase prices.
UK cardboard prices are surging following increases in the cost of feedstock pulp, prompting some suppliers to switch from cardboard packaging to plastic packaging.
Global wheat prices have risen due to upward pressure from the US. This has been caused by continued dry weather in Argentina.
Rice prices have fallen due to reduced demand after Bangladesh cancelled plans to import rice from Thailand. Buyers are holding off purchases as they expect prices to continue to fall.
Tea prices have eased in Kenya because the seasonal monsoon rains have begun.
| Key climbers | Price in GBP per tonne | m-o-m % | y-o-y % |
|---|---|---|---|
| Electricity/Power (In GBP/MWH) (UK) | 62 | 16.5% | 47.9% |
| Cocoa beans (London ICE) (UK) | 1743.6 | 16.1% | 4.3% |
| Cocoa butter (UK) | 4592 | 10.3% | 9.90% |
| Kraftliner (UK) | 642 | 7.6% | 35.4% |
| Wheat - Milling - (Euronext Paris) (FR) | 151 | 5.4% | 2.8% |
| Key fallers | Price in GBP per tonne | m-o-m % | y-o-y % |
| Palm kernel oil (EU) | 724 | -11.6% | -25.1% |
| Coconut Oil (EU) | 794.7 | -10.9% | -34.8% |
| Rice (Class B) (TH) | 298 | -5.2% | -1.2% |
| Zinc (LME) (UK) | 2375 | -4.9% | 4.5% |
| Apple Juice Concentrate (EU) | 1547 | -4.30% | 83.3% |
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