It is understood that soft goods have generally risen, and the prices of soft goods such as cocoa and coffee have generally risen in international trade, ranking among the top consumer goods in the world.
In just one month, cocoa futures prices rose by 15%, coffee futures prices rose by 14%, and cotton and sugar futures also rose sharply.
The rise of these commodities may not stop, and may continue to rise?
There are many reasons for the rise. For this year, there is a rare key factor, and that is the outbreak of COVID-19 at the beginning of this year. COVID-19 has ravaged the world, and Brazil, Viet Nam and other countries have greatly reduced the export of soft commodities such as cocoa. Worryingly, as the epidemic continues, the supply speed of these soft goods will be dragged down in the future.
The rise of soft goods will have a certain impact on people's lives. For many office workers, coffee has become an indispensable thing. Due to rising prices, for many consumers, low monthly salary will lead to the decline of consumers' purchasing power and spending power, which is also a fatal blow to enterprises. There may be a lot of business failures, business failures and insufficient supply, which will aggravate the price increase. If the income of consumers does not increase, the consumption of such goods will be lower and lower, and a vicious circle will be formed.
The rise of soft commodity prices will also affect the changes in the stock market of listed companies. Although commodities are not directly related to the stock market, they are indirectly related, and so are soft commodities.
Soft goods are also closely related to our lives, and their rising prices are bound to affect our lives.