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Economist Intelligence Unit expects maize prices to weaken over 2023, drop by 5% on average given expectations for rebound in US output; world inventories at end-2022/2023 expected to contract by 6% to 285 million tonnes despite modest pullback in demand

Economist Intelligence Unit expects global sugar consumption to grow 2.2% to 175.2 million tonnes in 2022/2023; global market to continue to record modest surplus every year until 2023/2024 as increased production keeps up with higher demand, consumption

Economist Intelligence Unit sees world coffee consumption rising 0.4% in 2022/2023, growing 1.1% in 2023/2024; with inflation expected to push US, European economies into recession, that will feed through to weaker coffee consumption in out-of-home sector

Economist Intelligence Unit forecasts food, feedstuffs, beverages price index to fall 9% in 2023 after surging in 2021-2022, as global supply-chain concerns ease over course of the year, along with increasing production volumes of agricultural commodities

British Columbia says it will help Canfor workers deal with closure of Houston sawmill; forests and jobs ministers support plan to replace mill, as it aligns with province's goal to produce higher-value products from available sustainable timber supply

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