The Business Times
business-time-50
OUTLOOK 2024
·
SUBSCRIBERS

Agri-commodity prices could ease in 2024 but analysts warn volatility, uncertainty remain

google-preferred-sourceAdd BT as a preferred source
Uma Devi

Uma Devi

Published Fri, Dec 22, 2023 · 05:00 AM
    • Palm oil is one of the only agri commodities that has booked a fall in price so far this year, which has pressured the margins of companies in the palm oil production sector.
    • Palm oil is one of the only agri commodities that has booked a fall in price so far this year, which has pressured the margins of companies in the palm oil production sector. PHOTO: BLOOMBERG

    AFTER about three years of turbulence in the agricultural-commodities sector, observers said there could be some easing in prices of key commodities in 2024.

    However, the sector is likely to continue to be plagued by volatility, due chiefly to uncertainties around weather conditions, production levels and geopolitical tensions. 

    According to market watchers, the prices of key food staples – sugar, coffee, corn and soybeans – are likely to decline next year.

    Agriculture/FarmingPalm oilsugarcocoaCoffeeOutlook 2024

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Senior Minister of State for Digital Development and Information Tan Kiat How said the government is working with partners who have access to Anthropic's Mythos to understand its capabilities.

    MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More