Midcrop discount undercuts LID premium across Ivory Coast

Regulators in Ivory Coast finally acted in response to lax sales of midcrop beans and building inventories in country. Midcrop beans tend to be smaller in size, have a higher shell-to-nib ratio, and are lower yielding. Given the decline in combined ratio and narrowing [...]

New York terminal squeeze escalates fight over LID

Commodity futures markets often exhibit what is known as carry structure or contango, which is the upward stairstep shape associated with the string of progressively later-dated futures contracts. Higher premiums are a function of the greater uncertainty that comes with time plus additional logistics, [...]

Can Ivory Coast & Ghana limit their cocoa output?

Ivory Coast raised its farmgate price 10 percent, while Ghana raised its farmgate price 8.4 percent. The market can read the announcements as a signal that the two countries are serious about coordination and cooperation. The question is whether they will have the resolve [...]