Cocoa Futures News Stories
Recent news articles discuss cocoa hitting multi-year highs based on concerns over production in the Ivory Coast, the world's biggest producer. Below you can find links to articles in the news that discuss market fundamentals that could potentially affect the price of cocoa. Before you start investing in the cocoa commodities market you should do your own research.
1. Bloomberg “Cocoa Rises to Three-Year High as Industry Seen Buying” July 30, 2014
Cocoa rose to the highest price in almost three years in London on speculation chocolate manufacturers need to stock up with West Africa supplies limited until new harvests start in October.
2. Bloomberg “Investors Cut Bullish Cocoa Bets to 7-Week Low on Ivory Arrivals” January 6, 2014
Money managers cut bullish bets on cocoa traded in London to the lowest level in seven weeks as bean arrivals to top producer Ivory Coast surged, according to data from NYSE Liffe, the derivatives arm of NYSE Euronext.
3. Reuters.com "Europe cash cocoa: High prices weigh on demand" January 18, 2013
"It seems that Ivory Coast crop quality will be extremely good this year," one trader said. "With such good prospects people expect prices to go down."
4. Bloomberg.com "Nigeria's Cocoa Output Seen Falling 20% on Disease, Flood" November 16, 2012
Cocoa output in Nigeria, the world's fourth-biggest producer, is forecast to fall at least 20 percent due to disease and floods stemming from heavy rains this year, the country's main industry group said.
5. Bloomberg.com “Ivory Coast Cocoa Growers Risk Attacks In Return To Farms” June 20, 2012
The fighting near Ivory Coast’s border with Liberia is extending a decade of conflict in the world’s top cocoa producer, which started with a mutinous uprising of soldiers in 2002 that left the country divided between a rebel-held north and a government-controlled south. At least 3,000 people were killed in five months of violence that followed a disputed election in November 2010.
6. Bloomberg.com “Cameroon Average Cocoa Export Price Dropped 0.3% in Week” April 24, 2012
The average export price for cocoa from Cameroon fell by 0.3 percent to 1,063 francs a kilogram (2.2 pounds) in the week though April 23, according to Bloomberg News calculations made using data from the Cocoa and Coffee Board.
7. Bloomberg.com “Cocoa Use to Exceed Supply by 94,000 Tons, Marex Spectron Says” February 3, 2012
Cocoa demand will exceed supplies by 94,000 metric tons in the 2011-12 season started in October, reversing a previous forecast for a surplus of 32,000 tons, Marex Spectron Group said.
8. Bloomberg.com "Cocoa Falls as Industry is 'Well Stocked,' Barry Callebaut Says" January 17, 2012
Cocoa prices have fallen because the industry is “well stocked” and the current crop is off to a “good start,” according to Barry Callebaut AG, the world’s largest maker of bulk chocolate.