# Cocoa, rice, sugar 'to rank among rare commodity gainers in 2023' - Grain Price News

> Fitch Solutions forecasts that cocoa, rice and sugar will be rare commodity gainers in 2023, while palm oil is among the biggest losers. The group expects most commodities to average lower than in 2022 amid a grim global economy, with China's expected rebound a key support.

- Date: 2022-12-09 · published 2022-12-09T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/38307-cocoa-rice-sugar-to-rank-among-rare-commodity-gainers-in-2023-grain-price-news
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A forecast of softer average prices for most commodities, with palm oil weak, points to lower vegetable oil input costs for feed makers, while rice strength could raise costs for rice-based feed ingredients.

## Read by commodity

- RICE: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-03-24 | [Indonesian palm oil output, exports to hit record high in 2022-23 - Grain Price News](https://feedsoft.ai/events/15835-indonesian-palm-oil-output-exports-to-hit-record-high-in-2022-23-grain-price.md) | -0.9% | -4.0% |
| PALMOIL | 2022-05-08 | [Global food commodity prices decline in July](https://feedsoft.ai/events/41443-global-food-commodity-prices-decline-in-july.md) | -0.6% | +0.9% |
| PALMOIL | 2022-07-08 | [China's palm oil imports to avoid 17-year low, with soy imports to exceed forecasts too - Grain Price News](https://feedsoft.ai/events/14914-china-s-palm-oil-imports-to-avoid-17-year-low-with-soy-imports-to-exceed.md) | -8.7% | -9.2% |
| PALMOIL | 2025-01-03 | [The FAO Food Price Index 2024 showed falling world sugar prices](https://feedsoft.ai/events/26626-the-fao-food-price-index-2024-showed-falling-world-sugar-prices.md) | -0.9% | +0.7% |
| PALMOIL | 2026-01-06 | [Palm oil prices to weaken in 2026, biofuel policy clarity crucial: survey \| S&P Global](https://feedsoft.ai/events/21159-palm-oil-prices-to-weaken-in-2026-biofuel-policy-clarity-crucial-survey-s-and-p.md) | +1.4% | +8.0% |
| RICE | 2024-01-05 | [Global food prices fell in 2023 compared to 2022, except for sugar and rice \| PBS News](https://feedsoft.ai/events/6743-global-food-prices-fell-in-2023-compared-to-2022-except-for-sugar-and-rice-pbs.md) | +1.4% | +8.9% |
| RICE | 2017-11-30 | [U.S. rice prices soar amid sharply lower production \| World-grain.com \| November 30, 2017 21:36 \| World Grain](https://feedsoft.ai/events/68055-u-s-rice-prices-soar-amid-sharply-lower-production-world-grain-com-november-30.md) | -1.5% | -5.8% |
| RICE | 2023-02-27 | [Rice exporters  to gain from tight supplies, lower costs \| The Star](https://feedsoft.ai/events/37409-rice-exporters-to-gain-from-tight-supplies-lower-costs-the-star.md) | +1.2% | +6.4% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/12/09/cocoa-rice-sugar-to-rank-among-rare-commodity-gainers-in-2023/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.