Q2 cocoa grinds exceed expectations, while chocolate sales decelerate

The cocoa market is in the midst of Q2 grind results, and the news from at least two regions is showing little signs of a slowdown. Western Europe was the first region to report results, showing a 2 percent hike in bean grind over [...]

Cocoa prices sink to five-month low despite lagging arrivals

The two main headlines for cocoa market this week appear to be pushing in contradictory directions. Cumulative arrivals in Ivory Coast continue to underperform last year’s pace, reaching some 670,000 MT through the end of November. This is down around 10 percent from last [...]

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 [...]

Technicals signal cocoa futures are overbought

Commodity fund traders had accumulated a net short position in July amid poor Q2 grind results and the potential influence of COVID-19. Since bottoming out in early July, specs have covered these new shorts, and the market has recovered along with other soft commodities [...]

Cocoa market shrugs off disappointing Q2 grind numbers

Published grind numbers for Q2 show a marked slowdown in both cocoa bean processing and anticipated chocolate confectionery sales over the past three months. Malaysian numbers were announced first, down 7.2 percent compared to Q2 2019, followed by European results echoing the contraction, down [...]

Ivory Coast Prime Minister’s passing causing concern for upcoming election

The passing of Prime Minister Amadou Gon Coulibaly at age 61 heightens the volatility and uncertainty surrounding Ivory Coast’s presidential election in October. Gon Coulibaly was the presumed successor of the current ruling party and President Alassane Outtara—once Ouattara announced that he wouldn’t be [...]

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