Recent global economic uncertainty and the slowdown observed
in food and commodity markets have posed a serious resilience test for
companies across our sector. During this period, maintaining financial
discipline, managing risks prudently and—most importantly—placing strong
emphasis on human relationships have been key differentiators for us. Thanks to
the dedication of our team and the trust and support of our producer partners
and customers, we have successfully navigated this challenging environment. I
would like to sincerely thank all our stakeholders who stood by us throughout
this process.
Looking ahead to 2026, we believe it is essential to
evaluate both opportunities and risks with a realistic and balanced
perspective. Developments in key commodity markets will play an important role
in shaping strategic decisions across the industry.
In the cocoa market, prices have remained volatile, trading
around USD 5,800–6,000 per metric ton, driven largely by structural challenges
in West Africa such as climate-related issues and aging plantations. Market
analysts indicate that these supply-side constraints may continue into 2026,
potentially keeping upward pressure on prices. As a result, cocoa is expected
to remain a market where risk management and forward planning will be
increasingly important.
Palm oil, on the other hand, is approaching a critical
phase. While production recovery is expected in major producing countries such
as Indonesia and Malaysia, uncertainties related to sustainability requirements
and weather conditions may continue to influence supply levels. At the same
time, palm oil demand is no longer limited to the food industry alone. Its
strong link to biodiesel production has become a decisive factor in market
dynamics. Policies such as Indonesia’s B45 and potential B50 biodiesel blending
mandates are likely to divert a significant portion of palm oil production to
domestic energy use, reducing export availability and providing price support
in global markets.
These developments suggest that 2026 will be a year in which
supply-demand balances are reshaped across major agricultural commodities.
Climate conditions, sustainability-driven regulations and producer-oriented
policies will continue to create volatility, making strategic flexibility and
close market monitoring essential for long-term success.
At Ata Hammadde, we closely follow these economic and
sectoral dynamics and align our commercial strategies accordingly. We expect
that from the second half of 2026 onward, market activity will gradually
stabilize, creating a more favorable environment for trade. Companies that have
managed to remain financially sound, protect their supply chains and build
strong partnerships during challenging periods will emerge stronger and more
competitive.
As we enter the new year, I would like to extend my sincere
gratitude to our team members, customers and producer partners for their trust
and collaboration. I wish that 2026 brings greater stability, stronger
production networks and sustainable growth opportunities for our country, our
industry and all our business partners. May the new year be filled with health,
prosperity and long-term success for all.
Taygun Güngör
CEO – Ata Hammadde