Cocoa beans

Cocoa bean prices have increased since the start of the year due to dry weather in Ivory Coast and Ghana causing concerns about crop quality in the March harvest.

Hurricane Irma and citrus greening disease have caused orange supplies to drop in Florida, while hot weather in California has further reduced US supplies, causing frozen orange juice concentrate to rise.

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UK ethylene prices have risen due to increased naphtha costs and high demand from the petrochemical industry.

Despite falling OPEC crude oil production, continued increases in US oil production are increasing global supplies.

Rapeseed oil prices continue to fall, as more producers switch to soybean oil. Rapeseed production is estimated to remain steady with high exports from the EU.

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