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Ghana may increase the farmgate cocoa price by over 60%

By |September 18, 2023|Categories: Cocoa & Chocolate|Tags: , , , , , , |

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 [...]

Harmattan conditions seen across West Africa

By |January 3, 2023|Categories: Cocoa & Chocolate, Weather|Tags: , , , , , , |

The dry season, or harmattan, is in full swing across West Africa, affecting three of the world’s largest producing countries: Ivory Coast, Ghana, and [...]

As the main cocoa harvest begins, top origin faces port strike

By |November 15, 2022|Categories: Cocoa & Chocolate|Tags: , , , , , |

Dockworkers are striking in the major exporting coastal city of San Pedro in Ivory Coast, disrupting the normal flow and loading of cocoa beans [...]

Brief rally for cocoa; major origins boycott cocoa conference

By |November 2, 2022|Categories: Cocoa & Chocolate|Tags: , , , , , , , |

Most-active Dec-22 NY cocoa broke above its short-term trading range Tuesday, closing at a two-week low above its 20-day average and retracement resistance below [...]

Cocoa origins will push to protect LID & historic premiums

By |August 9, 2022|Categories: Cocoa & Chocolate|Tags: , , , , , , |

A few seasons into the implementation of a Living Income Differential (LID), Ghana and Ivory Coast have seen mixed results for premiums collected on [...]

ICCO now projects 2021/22 cocoa deficit of 174,000 MT

By |June 7, 2022|Categories: Cocoa & Chocolate, Market Prices|Tags: , , , , , , , , |

The latest estimate from International Cocoa Organization (ICCO) showed a 174,000 MT deficit in the 2021/22 season, little changed from their previous forecast of [...]

Continued dryness prompts traders to raise the forecast cocoa deficit

By |March 8, 2022|Categories: Cocoa & Chocolate, Weather|Tags: , , , , , , , |

This year’s harmattan or dry season across West Africa has been particularly dry in recent months. Poor rains have hurt the tree canopy and [...]