The Business Times
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OUTLOOK 2024

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

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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

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