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Sugar prices jumped 5.9% in the last 5D, driven by downward revision in global sugar surplus expectations to 1.95mn tons (from 2.1mn tons) as both Thailand (-6.9% to 10.8mn tons) and India (-13.8% YoY) saw major cuts in their sugar production estimates. The surge in sugar prices would adversely affect MYOR>CMRY>SIDO>ULTJ>KLBF>UNVR>ICBP.
Coffee prices surged 4.6% last week, mainly due to supply concerns after Conab, Brazil's government crop forecasting agency, projected that Brazil's 2025/26 coffee crop will decline -4.4% YoY to three-year low of 51.81mn bags, attributed to lower-than-usual rainfall. The spike in coffee prices is likely to have the most significant impact on MYOR (13% of COGS).
Cocoa prices slipped 2.4% over the past week, due to profit-taking following the 8.6% WoW rally in the prior week. Despite the pullback, supply challenges – primarily driven by the spread of the swollen shoot virus, which makes trees more vulnerable to erratic weather - will provide strong price support. The increase in cocoa prices will impact MYOR the most (11% of COGS).
Samuel Sekuritas Indonesia is a leading Indonesian securities brokerage firm. Established in 1997, the firm has grown to become one of the most respected and trusted financial services companies in the country. With a wide range of services and products, Samuel Sekuritas Indonesia has become a trusted partner to many investors, both institutional and individual.
The company offers a variety of financial services, including equity, debt and derivative securities brokerage services, research and portfolio management, asset management and capital market services, as well as a range of other investment solutions. Samuel Sekuritas Indonesia is also a leader in providing financial education and training, and has established itself as a leading provider of investor relations services.
The company has a strong research capability and is committed to providing its clients with up-to-date and reliable market analysis and recommendations. It also has a team of experienced and knowledgeable professionals who are dedicated to providing quality service to its clients. As a result, Samuel Sekuritas Indonesia has become a preferred partner for many investors in Indonesia.
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