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Cocoa prices fell 9.3% last week as supply worries eased following the International Cocoa Organization (ICCO)'s latest forecast. In its first projection for the 2024/25 season, ICCO stated that global cocoa supply is expected to record 142kt surplus, following three consecutive seasons of deficit. We believe lower cocoa prices will benefit MYOR the most.
Sugar prices dropped 7.6% over the last five days, driven by oversupply concerns following record-breaking raw sugar deliveries of 1.7 MMT reported by Wilmar International Ltd and Sucres et Denrees SA. Additionally, the Indian government plans to allow the country’s mills to export 1 MMT of sugar this season, easing the export restrictions imposed in 2023. Lower sugar prices will benefit MYOR > CMRY > SIDO > ULTJ > KLBF > UNVR > ICBP.
Coffee prices surged 6.2% over the past five trading days, primarily driven by ongoing below-average rainfall in Brazil. Minas Gerais, the country’s largest coffee-growing region, recorded just 11.4 mm of rainfall during the week ended February 22, or 24% of historical average. We believe higher coffee prices will hurt MYOR most.
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.
