The commodity market has been dominated by food products.
Leading the price increase in commodities is cocoa, which has caused distress to chocolate lovers with its rising cost.
This valuable bean has become 66% more expensive since the beginning of the year. Production and transportation issues from its production hubs have had a serious impact on the market. The second most profitable commodity in the market is eggs.
The rise in egg prices has been a story of life and livelihood not just for Americans but for people in many countries in recent years. Successive waves of avian influenza have wiped out millions of laying hens, and this trend has driven egg prices up, making them 62% more expensive in just the first eight months of this year.
The third commodity on the list of valuable investment items is orange juice. Natural disasters, floods, storms, and climate changes have impacted the vast citrus production orchards worldwide.
Brazil alone is the main center of citrus production, and Florida, known in this field, is not comparable to Brazil’s production and the high production capacity of Brazilian orchard owners.
However, both Brazilians and Florida orchard owners have faced severe impacts from weather conditions.
For the fifth consecutive year, global citrus production will decline, and the price of orange juice, an important beverage for Americans and Europeans, will see a fresh increase. Interestingly, investing in these food items and commodities like coffee has yielded more profit for investors compared to investments in the gold and silver markets.