The World Bank predicts a decrease in prices for agricultural products in 2025
Source: tazabek.kg
According to the World Bank report, world prices for agricultural products will decrease by 4% in 2025. This forecast covers a wide range of commodities, including grains, oils, meal and other basic foodstuffs.
Analysts note that the expected price reduction is due to improved growing conditions and increased production in key regions. However, this will not affect raw materials for beverages such as cocoa and coffee, the cost of which will remain at a high level.
"Despite favorable climatic conditions in the producing regions, cocoa and coffee prices will remain high by historical standards," the report says.
In 2023, the cost of cocoa beans on world markets increased by 40%, and in February 2024 it updated the record of 46 years ago, exceeding $ 6 thousand per ton. According to analysts, demand for cocoa exceeds supply for the third consecutive season — a similar situation was observed only in the 1960s.
At the same time, in 2024, Kyrgyzstan reduced coffee imports from Brazil, increasing supplies from Colombia and Kazakhstan, which indicates a change in preferences and logistical approaches.
Experts expect that despite the general decline in prices for agricultural products, commodity markets will remain under pressure from high prices for beverages. This, in turn, can affect the cost of final products such as chocolate and coffee.
"Despite favorable climatic conditions in the producing regions, cocoa and coffee prices will remain high by historical standards," the report says.
In 2023, the cost of cocoa beans on world markets increased by 40%, and in February 2024 it updated the record of 46 years ago, exceeding $ 6 thousand per ton. According to analysts, demand for cocoa exceeds supply for the third consecutive season — a similar situation was observed only in the 1960s.
At the same time, in 2024, Kyrgyzstan reduced coffee imports from Brazil, increasing supplies from Colombia and Kazakhstan, which indicates a change in preferences and logistical approaches.
Experts expect that despite the general decline in prices for agricultural products, commodity markets will remain under pressure from high prices for beverages. This, in turn, can affect the cost of final products such as chocolate and coffee.
