Chocolate producers named as defendants in new child labor case

Chocolate producers named as defendants in new child labor case Seven companies were named as defendants in federal class action lawsuit on behalf of plaintiffs who allege they were forced to work on cocoa farms across West Africa as children. The plaintiffs are eight [...]

Midcrop discount undercuts LID premium across Ivory Coast

Regulators in Ivory Coast finally acted in response to lax sales of midcrop beans and building inventories in country. Midcrop beans tend to be smaller in size, have a higher shell-to-nib ratio, and are lower yielding. Given the decline in combined ratio and narrowing [...]

Q4 cocoa grind yield mixed result so far

A few weeks into 2021, we have seen the first grind results of Q4 2020. This figure corresponds to first quarter of the 2021 October-September crop year. Matching expectations, Malaysian grind fell a nominal 2.5 percent in Q4 2020 to 87,163 MT down slightly [...]

Cocoa bean Q4 2020 grind up YOY for North America, down in Asia

For Q4 2020, North American cocoa grind was reported this week at 118,043 MT of beans, flat from the previous quarter but up a strong 7 percent from Q4 2020 grind of 110,371 MT. The trade sees this report as encouragingly bullish for the [...]

NY & London cocoa showing short-term range-bound trading

After trading in heady heights in late November above $2,700, Mar-21 NY cocoa returned to a $200 range from $2,460 to $2,660 through most of December and into early January. Save for a modest runup in late December, the contract has continued to find [...]

Cocoa arrivals revised lower for Q4 2020

After carrying higher numbers season-to-date, Bloomberg may revise its Ivory Coast arrival figures lower, closer to Reuters estimates. Through December, cumulative arrivals figures are now reported at 1.124 MMT for Ivory Coast, the world’s largest producing country. This adjustment nearly wipes out the 8 [...]

Updates on cocoa arrivals & weather for Ivory Coast

We estimate October-November Ivorian arrivals near 755,000 MT, up nearly 8% YOY. Ghana purchases may be below 300,000 MT, down about 9% YOY. As a result, total output for the period from the two countries may be near 1.05 MMT, up around 2% YOY. [...]

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