Global agricultural commodities traded mixed on Tuesday as grains, soft commodities, and edible oils showed sharp price swings across international markets. Rice remained one of the strongest performers with prices climbing 35.49% year to date to $13 per cwt despite only a small daily gain of 0.12%.
Tea prices also recorded strong momentum. Tea traded at INR 220.62 per kilogram after jumping 4.48% in a single session. Monthly gains reached 21.26% while yearly growth stood at 13.30%.
Cocoa prices continued recovering strongly. The commodity rose 1.13% during the day and gained 25.21% over the month to trade at $4216.11 per tonne. However, cocoa still remains down 56.18% compared to last year after extreme volatility in global supply markets.
Wheat drops 1.76% while soybeans and corn remain under pressure
Grain markets mostly traded lower during the session. Wheat prices fell 1.76% to 624.33 US cents per bushel. Weekly losses widened to 5.55% while monthly declines stood at 3.88%. Despite the recent weakness, wheat is still up 23.04% year to date and 17.65% over the past year.
Soybeans slipped 0.36% to 1181.72 US cents per bushel. Corn prices also moved lower with a 0.78% decline. Corn remains mostly stable this year with gains of just 2.99%.
Cotton prices dropped 1.81% during the session and weekly losses crossed 6.78%. Coffee also remained weak with prices down 21.91% year to date and 22.53% compared to last year.
Oat prices however showed strength with a 9.57% monthly rise and 21.16% yearly gain. Canola and rapeseed also remained positive for the year.
Potatoes soar 184.62% YoY as rubber and palm oil extend gains
Potatoes emerged as the biggest yearly gainer in the agricultural market. Prices surged 184.62% year to date and 92.71% compared to last year. The sharp rise reflects ongoing supply concerns and higher production costs in parts of Europe.
Rubber prices climbed 24.01% this year and gained 30.85% over the past 12 months. Palm oil also maintained steady momentum with yearly gains of 11.01%.
Sunflower oil prices moved slightly higher while sugar prices continued facing pressure. Sugar is now down 14.83% compared to last year despite small monthly gains.
Dairy commodities stayed mixed. Milk prices remained stable with yearly gains of 11.30% while butter prices continued falling sharply. Butter is now down 46.78% year over year.
The latest agricultural market data shows that weather risks, global supply disruptions, and changing food demand patterns continue driving heavy volatility across commodities. Traders are closely watching crop conditions and export trends as prices remain highly sensitive to global economic and climate developments.