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Coffee prices plummeted -3.6% over the past five days, primarily driven by liquidation pressures following the month-long rally that pushed prices to 10Y high of USD 425/lbs. Despite the decline, prices remain elevated amid ongoing supply concerns stemming from below-normal rainfall in Brazil. High coffee prices are likely to have the most significant impact on MYOR (13% of COGS).
Sugar prices surged 4.5% last week, mainly due to supply concerns in India, the world’s second-largest sugar producer. India’s current season output may decline to 26 mt (1 mt lower than expected) due to red rot disease epidemic affecting Uttar Pradesh, the country’s top sugar-producing region. The spike in sugar prices is expected to impact consumer companies in the following pecking order: MYOR>CMRY>SIDO>ULTJ>KLBF>UNVR>ICBP.
Wheat prices jumped 5.3%, driven by cold weather risks in Black Sea grain-producing regions, which could damage crops and tighten overall global supply. Additionally, Saudi Arabia booked 920kt of wheat for delivery between May and July, 55% more than initial estimate. The rise in wheat prices is expected to have the most significant impact on ICBP (28% of COGS) and MYOR (9% 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.
In addition to its financial services, Samuel Sekuritas Indonesia also offers a range of other services, such as corporate finance and advisory services, mergers and acquisitions, and venture capital.
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