Cocoa: Cocoa prices are supported by Cameroon reduced exports while supplies from Ivory Coast and Ghana are still abundant.
Cafe: Arabica and Robusta coffee prices are supported by global blockade measures that reduce supply.
Cotton: USDA reported a sharp drop in US cotton exports last week, causing a sharp rise in cotton prices.
Sugar: fuel price rebounded along with oil price, leading to a decline in sugar supply in the near future.
The weather situation

– Vietnam: Dak Lak province is forecasted to be dry, strong weather. The temperature ranges from 19-37 degrees Celsius. The average humidity in the air is 45%.

– Brazil: The Minas Gerais cultivation area is expected to rain in the next few days. The average humidity in the air is 73%.

– India: The sugarcane growing area west of Maharashtra province in a few days to hot weather. The average humidity in the air is 33%.

– China: The largest cotton-growing area in Xianjang province in the next few days is forecast to be cold, cloudy, sometimes sunny. The temperature ranges from 6 to 23 degrees Celsius.

– USA: The weather in South Plains, Texas, a few days to cloudy, occasionally sunny. The temperature ranges from 4 to 29 degrees Celsius. The average humidity in the air is at 53%.

Growth forecast

– Cocoa: Cameroon Customs announced its March cocoa export figure of only 444 million tons, down 48% compared to the same period last year. Meanwhile, Ghana’s cocoa production remained plentiful after the country announced it had bought 685 million tons of cocoa from farmers in six months, from October 1, 2019 to March 12, 2020, an increase of 1%. compared to the same period last year.

– Cotton: USDA’s Export Sales Weekly report showed that the US sold 147,535 bales of cotton during the week to March 26, down 47% from the previous week and down $ 54 from the same period last year.

– Coffee: Export data in March decreased in all major arabica exporting countries, Brazil and Honduras, because of drought.

– Sugar: The sharp increase in oil prices has led to an increase in ethanol prices and may soon stimulate Brazilian sugar mills to switch to ethanol production instead of sugar production. The Brazilian real price yesterday fell by 0.48% against the USD, hitting a new record low of 5.3 reals / USD.
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