Strong price fluctuations in sugar, coffee and cocoa

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The prices of sugar, coffee and cocoa have been more volatile during the first quarter of 2020. The price trends can partly be explained by the coronavirus crisis, which has weakened demand and put pressure on supply due to the low availability of workers and transportation limitations. But the virus is not the only reason behind stronger price volatility in these markets.

  • Sugar: lower oil price increases pressure on sugar price

  • Coffee: increased market dynamics mean highly volatile prices

  • Cocoa: changes in weather pattern strongly impact prices