Fresh highs for cocoa, ignoring bearish grind numbers

Cocoa futures surged nearby or above $2,800 MT to multiyear high after this week’s release of somewhat anemic Q4 grind numbers. Trade was waiting to see whether Q3’s grind numbers were a one-off or whether softness is continuing to creep into the cocoa demand. [...]

Ivorian political drama ahead of October elections

The men who would be president? Amid a healthy main crop, the political environment in Ivory Coast is gaining more attention with dramatic developments in the last month. Might Alassane Ouattara run once more? Recognized as the winner of the 2010 presidential election, Ouattara [...]

Cocoa bean stocks end 2019 at decade low

Although the cocoa market is nearly one quarter into the new season and in the midst of main crop flow, stocks of cocoa beans in licensed U.S. warehouses have continued to fall, and December ending stocks hit their lowest point in ten years. Concern [...]

Could more African origins demand cocoa premium?

Speaking at an African investment forum, Ghana’s president made an argument for Nigeria and Cameroon to join Ivory Coast and Ghana’s cocoa market cooperation efforts. President Akufo-Addo acknowledged some “structural issues,” like Nigeria’s lack of a cocoa marketing mechanism, per The Africa Report. Both [...]

Could the U.S. ban Ivory Coast cocoa?

In late October, U.S. Customs and Border Protection visited Ivory Coast to review allegations of child labor in cocoa cultivation. The investigation follows a request from two Democrat senators in July; the legislators contend that a 2015 amendment to the Customs and Border Patrol [...]

Q3 grind releases show mixed results for cocoa

Halfway through October, Q3 grind results are hitting the cocoa market. To an extent, we are seeing a continuation of the previous quarter’s trend that saw rapid expansion of processing across Asia and a slowdown for Western Europe and America. Preceding the regional reports, [...]

Can Ivory Coast & Ghana limit their cocoa output?

Ivory Coast raised its farmgate price 10 percent, while Ghana raised its farmgate price 8.4 percent. The market can read the announcements as a signal that the two countries are serious about coordination and cooperation. The question is whether they will have the resolve [...]