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

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.