The year 2021 was marked by the recovery of the world economy and demand driven by the reopening of economies and a massive influx of money, from which agricultural raw materials have largely benefited overall.

Raw materials have soared and some have suffered sharp cost increases, particularly fertilizers with soaring energy prices, and logistical disruptions. The year 2021 has not been very favorable for cocoa. In New York, cocoa gained a small 3% over the year to end the year at $2,520 per ton. In London, it's not much better with a loss of around 3% at £1,701 per tonne.

Coffee has truly exploded this year with a 71% rise in Robusta prices and 76% for Arabica at historically high levels. On December 31, Arabica in New York closed at 2.2615 a pound and Robusta in London at $2,370 a tonne. Cotton posted its biggest annual percentage gain since 2010. The year was buoyant for palm oil with a gain of 30.7% in 2021. Prices reached a high of 5,220 ringgits per ton in October and closed on December 31 at 4,705 ringgits.