Ghana may increase the farmgate cocoa price by over 60%

At the end of trading Sep. 8, the Dec-23 NY cocoa contract closed at $3,654 per MT, $42 above Sep 7’s close and $40 above its session open. RSI is bearish at 67.4 percent, MACD moved from bearish to neutral, and the stochastic slightly [...]

NY cocoa up after four-session rally

At the end of trading on Aug. 17, the Dec-23 NY cocoa contract closed at $3,488 per MT, $91 above Aug. 14’s close and $22 above its session open. RSI is neutral at 52.5 percent, with MACD bearish and the stochastic bearish after coming [...]

Dec-23 NY cocoa futures continue to drop

At the end of trading on Aug. 9, the Dec-23 NY cocoa contract closed at $3,363 per MT, $134 lesser than Aug. 7’s close and $23 below its session open. RSI is neutral at 54.8 percent, with MACD bearish and the stochastic bearish but [...]

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