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Latin Times
Latin Times
Business
Pedro Camacho

Coffee, Cocoa and Sugar Markets Poised for New Phase After Volatile Period, Citi Forecasts

This picture taken on May 15, 2024 shows coffee producer Neide Peixoto selecting coffee beans at the Santo Antonio farm in Santo Antonio do Amparo, Minas Gerais (Credit: Photo by DOUGLAS MAGNO/AFP via Getty Images)

Citi analysts say coffee, cocoa, and sugar markets may be entering a new phase after months of sharp volatility according to a recent outlook published by Bloomberg Línea.

The bank said prices for the three soft commodities have been driven higher this year by a combination of structural shortages and short-term shocks, including adverse weather in major producing countries and logistical disruptions.

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