ALL AGRI #Africa Commodities Update

Market Forecast Driven by increasing demand for milled rice in Africa, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.2% for the period from 2024 to 2035, which is projected to bring the market volume to 64M tons by the end of 2035.

Africa’s coffee sector is gearing up for a major expansion, targeting China’s rapidly growing coffee market. With China’s increasing appetite for coffee and recent preferential trade policies, African producers see a golden opportunity to boost exports and strengthen economic ties.China has traditionally been a tea-drinking nation, but in recent years, coffee consumption has surged, especially among younger urban populations. This shift has attracted global coffee suppliers, and Africa—with its rich variety of high-quality coffee beans—is positioning itself as a key player.

Turkey has significantly increased its agricultural imports from Ukraine, with corn imports soaring by 2.5 times and soybean purchases nearly doubling compared to previous periods. This surge highlights Turkey’s growing reliance on Ukrainian agricultural products to meet its domestic demand.

Abidjan, Ivory Coast — Farmers in the Ivory Coast are expressing cautious optimism as light rains combined with sunny intervals across key cocoa growing regions are boosting prospects for the main cocoa crop, which runs from October through March.