According to the department of economic analysis and investment strategy for agricultural products of Piraeus Bank, increases in the prices of wheat, sugar and orange juice are expected.
On the contrary, a decrease in prices corn, cotton and rice, according to the same analysis.
In more detail, according to Piraeus Bank, the signs of normality in the wheat market may be reversed due to geopolitical risks, putting its price on an upward trajectory.
For sugar, upward pressure on its price as a result of adverse weather conditions is likely, affecting production prospects.
“Oversold” levels in the corn price are acting as a support for its price, however reduced Chinese imports are likely to have a negative impact.
For orange juice, production cuts are likely to boost its price, but its high valuation level raises concerns about its price trajectory.
Increased Indian cotton production is likely to limit the upward trajectory of cotton prices, despite continued Chinese imports.
For soybeans, the uncertainty that still exists around global supply levels may have a negative effect on its price.
According to the newsit, limited production and export activity may maintain the high level in cattle prices, a trend that is likely to reverse due to the high level of valuation.
For rice, the prospects of enhanced Indian rice production may have a negative impact on its price.
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