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 [...]
Nearby NY cocoa returns below $3,000 per MT
Jul-23 NY cocoa found support midweek from above $3,010 to $3,000 but broke lower to settle May 26 at $2,991. Sep-23 NY cocoa broke [...]
Harmattan conditions seen across West Africa
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
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
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
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
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
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 [...]