Marginally Increasing Commodity Prices, but Drop in Sugar, Rice and Vegetable Oils

The Red Sea crisis still prolongs the Far-East Westbound transit times due to the vessels rerouting via the Cape of Good Hope, driving up freight rates as well. The global commodity price index is marginally increasing into Q4 2024 and Q1 2025, including particularly coffee, cocoa, poultry and dairy. On the contrary, price estimates for sugar, cereal, rice and vegetable oils are finally on a downward trend.

This Market and Business Update intends to give you an indication of the expected price development of the most important commodities within provisions and stores, freight rates, supply chain obstacles and challenges in major ports.

Read the full Update here