Agriculture: Highlights | March 2015

[EN] Again agriculture prices declined by 2.2 % in February (according to the IMF Commodity price Index), due to ample supplies for most commodities.
In particular meat prices report a drop, with cattle prices down 7.4% due to weak seasonal demand and rising U.S. herd size. Coffee prices declined 3.4%, as rains in Brazil heat up expectations of a more favorable harvest. Also sugar prices fell because of improved supply prospects in Brazil. Wheat prices dropped as well due to a continued favorable outlook for world production and stocks.
However tea prices increased by 10% due to dry weather and thus falling output in Kenya. This article shows you the latest price developments and relevant key figures for agricultural commodities.

With a view to the past 12 months, we have observed strong price decreases as well as increases for agricultural raw materials. Considering the largest declines, the price for pork (CME) has fallen by -25.4%, for soybeans (C.i.f. Rotterdam) by -18.8% and for rice (CBOT) by -18.6%. The strongest price rises were noticed in the markets for cattle (feeder cattle (CME), cattle (U.S. c.i.f.)) +36.8%/+28.3% and sugar (c.i.f. US) which has increased by +31.6% in one year.

During the last month, we have observed the highest price drops in the markets for cattle (U.S. c.i.f and feeder cattle (CME)) -7.4%/-4.2% and sugar (NYBOT) -5.2%. At the same time prices have risen most for skimmed milk powder (f.o.b. Europe) +12.6% , cocoa (ICE Futures London) +9.9% and butter (f.o.b. Europe) +9.1%. The highest price movements are still registered in the pork (CME) market with an annualized volatility of 35.7%.

In order to provide market visibility for European companies affected by raw material costs, the following analysis takes into consideration the price evolution in EUR unless specified. Please click on the raw materials below to receive more detailed information.

Agriculture prices returns | 1 YEAR | daily price dataAgriculture prices returns | 1 MONTH | daily price data
March 2014 - February 2015February 2015
*Returns based on monthly data over the last 12 months
*²Returns based on weekly data over the last 52 weeks
*Returns based on monthly data over the last month
*²Returns based on weekly date over the last 4 weeks



3. COTTON  Read more

4. SOYBEANS (CBOT) Read more

5. COCOA (ICE FUTURES) Read more

6. SUGAR (LIFFE) Read more

7. Pork (CME lean hogs futures) Read more

Date of publication: 12 March 2015
Sources | Disclaimer | Methodology

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