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 [...]

Main-crop cocoa arrivals starting to fade?

As we pass the midpoint of the main-crop season, cocoa bean arrivals at West African ports are starting to slow, losing some ground vs. January arrivals a year ago. Arrivals at major Ivorian ports were estimated at 60,000 MT in the most recent week, [...]

Short covering rally sets speculative bull trap in cocoa

Despite continued strong arrivals and signs of record West Africa main crop, cocoa prices turned higher over the past week in technically-led trading. Arrival figures from Ivory Coast through the end of March are approaching 1.7 MMT, well ahead of historical norm. The Harmattan [...]

West African weather more favorable for midcrop cocoa

Major West African cocoa origins seem to have dodged what some had thought would be a harsher Harmattan season; instead, Ivory Coast and Ghana have seen the sort of mix of sunshine and rains that typically supports higher bean production. In this case, 2018/19 [...]