Electricity and gas prices continued to rise in the UK after recent cold weather and the temporary disruption of oil & gas supplies due to cracks in the Forties pipeline from the North Sea, now repaired.
Thai rice prices rose at the end of November after heavy rains in northeast Thailand damaged crops and disease outbreaks increased.
Increased global production of cocoa beans, estimated to be up 19% year on year, has driven both prices down on London’s ICE exchange and cocoa butter prices down from processors.
Robusta coffee production is forecast to increase in Vietnam, Brazil and Indonesia following ideal weather conditions. Good weather in Kenya has improved tea production while labour strikes have been called off in tea plantations, further weighing down on prices.