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. 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."
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.
7. Bloomberg.com "Chocolate Binge Topping $100 Billion Boosts Cocoa: Commodities" November 24, 2011
Shrinking cocoa harvests in West Africa, the largest producing region, are diminishing a glut of beans just as sales of chocolate confectionery exceed $100 billion for the first time ever.
8. Bloomberg.com "Cocoa Falls Most in Six Weeks as World Output Tops Demand; Coffee Declines" June 16, 2011
There may be a global cocoa surplus of 156,000 metric tons in the season that ends in September. Prices of the beans will drop because of record production in Africa, the world’s largest supplier.