Low coffee demands, surplus cocoa stocks, rising sugar prices and a geographical shift in the wheat market, are just a few points raised by Euromonitor’s senior food analyst in its monthly GlobalCast.
The global commodity market continues to worry confectionery and
sugar firms, as AB Foods profit is dented by sugar reforms, Nestle
combats costs with price hikes, and Cadbury may be ripe for
takeover.
Fonterra, New Zealand's largest dairy co-operative, predicted world
commodity prices would continue rebounding strongly over the next
few months as supply and demand tightened.