International coffee prices are trading at a one-and-a-half-year low because the weather in Brazil has improved and expectations are that the Brazil crop could be 16 percent higher this year at around at 65 million bags.

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However, within the edible oil sector, soybean prices trading at a 7-month high. as there is strong demand from China, which is the world's largest soybean importer. Soybean prices gained 12 percent in 2022 and 2023 has opened on a firm note as well.

A smart rebound is expected in rubber prices too. International rates are at a 5-month high, again coursey China opening up. China accounts for 40 percent of global consumption and with demand on the rise, there is support.

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The Chinese auto demand should lend credit to this as sales there are expected to rise nearly 5 percent this year. Meanwhile, the International Rubber Consortium has said that the output is expected to increase this year, but not to a large extent from major producers like Thailand, Malaysia, and Indonesia.

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