COCOA FUTURES
Robusta coffee rises most since 2010 on Vietnam rain concerns
Coffee futures rose, with robusta in London rising to the highest levels since the year 2010 amid concerns around supply from Vietnam.
Why prices for chocolate and cocoa went nuts
For much of the past decade, the price of cocoa in one key global benchmark hovered around $2,500 per metric ton.
Why the world of chocolate is in crisis
For the world’s chocolate makers, the crisis is here. Plants have been forced to shutter from Malaysia to Germany and Chicago.
Cocoa soars above $11,000 a ton as processing pace holds up
Figures released Thursday showed so-called grinds — where cocoa is turned into butter and powder used in confectionery — fell only about 2% in Europe and inched lower in Asia during the first quarter from a year earlier.
Cocoa, coffee reach new highs on fear of aging trees
Robusta coffee settled at a new high in London on worries that poorer output in top-producer Vietnam will fuel bean shortages.
Cocoa extends gains as supply shortage keeps price near record
Prices have surged this year — recently exceeding $10,000 a ton — as poor West African harvests put the world on course for another annual deficit, threatening to further raise chocolate prices.
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Brazil cocoa farms go high-tech to upgrade ailing market
Cocoa prices have more than doubled this year to a record as extreme weather, disease and structural issues have hurt supplies from Ivory Coast and Ghana.
Oh dear! The bill for your dinner date just went up. Blame it on pricey cocoa, coffee, palm oil & sugar
The cost of dining out and ordering in restaurants is rising, with bills potentially rising 5-8% starting this month. This is the first increase in about 1.5 years, as prices of cocoa, coffee, palm oil, and sugar have surged over the past quarter. Cocoa prices have reached a record, reaching over $10,000 per tonne, following disappointing harvests in key producing countries such as Ghana and Ivory Coast. Cocoa prices have doubled in the January-March quarter from the preceding one, and cocoa butter has risen over 150% in just one year.
It's a bittersweet Easter for chocolate lovers but big companies see profits
With exports from the Ivory Coast, the world's top producer, down by a third in recent months, the global price of cocoa has risen sharply. Cocoa futures have already doubled this year, trading at a record high of more than $10,000 per metric ton in New York on Tuesday after rising more than 60% the previous year. Farmers who harvest cacao beans say the increases aren't enough to cover their lower yields and higher production costs.
Cocoa’s relentless rally is pushing the market to breaking point
Cocoa futures have surged as poor harvests in West Africa, where most of the world’s beans are grown, sparked a third year of shortages.
Cocoa futures set record high, coffee and sugar also up
Cocoa futures in London and New York set record peaks on Tuesday as the market continued its relentless rise while coffee and sugar prices were also higher.
The meltdown in chocolate is coming
Only because millions of West African farmers saw cocoa as their only way to escape abject poverty, the world had plentiful supply and low prices.
Chocolate prices are rising everywhere as cocoa rots in West Africa
It’s a climate crisis playing out across Ivory Coast and Ghana, the heavyweights of cocoa, with consequences for global food inflation and the cost-of-living squeeze.
Chocolate could get even pricier if Africa’s cocoa crop flops
Analysts at Rabobank and Marex expect West African output to drop in the 2023-24 season. Marex forecasts the global deficit at 279,000 tons, more than the previous two shortfalls combined.
Chocolate cravings are going to get more expensive to satisfy
Heavy rains and a rot-causing disease have ravaged crops there, sparking concerns about supply. Bean processing has also slumped around the world which is crucial for turning products into chocolate indicating that factories are struggling to access adequate volumes, according to Fuad Mohammed Abubakar, the head of Ghana Cocoa Marketing Company UK.
Robusta coffee hits record high, cocoa also climbs; lack of sales from Brazil causes surge
Robusta coffee futures have hit a record high due to limited supplies, with dealers reporting that Indonesia's No. 2 export crop has left buyers struggling to obtain beans and Vietnam, the world's largest robusta exporter, experiencing farmers selling out. Newly harvested robusta crops in Brazil are also being limited due to strong coffee demand domestically.
When Africa's 'chocolate islands' meet luxury, a flavourful journey begins
The 'chocolate islands' were the world's leading cocoa producer at the end of the 19th century.
Your instant coffee may soon be at risk from Suez blockage
Coffee roasters on the continent had already been struggling to get supplies from Vietnam, the world’s largest robusta producer, due to the container shortage.
More than beans: Nestle recycles cocoa fruit waste to replace sugar in chocolate
Nestle is sourcing the raw material from cocoa farms in Brazil, but also working with partners in West Africa to see if pulp production could work there. Von Maillot said cocoa farmers could boost their income by 20-40% if they also sold the pulp.
Trouble brewing: Mars and Hershey's accused of not paying fair bonus to cocoa farmers
There have been long-running tensions with US multinationals over pricing.
Cargill to partner with Indian firm for chocolate plant
Industry estimates the market size of chocolate in the confectionery sector alone to be 260,000 tonnes.
It’s deja vu for cocoa traders as tensions erupt in Ivory Coast
Ivory Coast issued an arrest warrant for opposition presidential candidate.
Farmers, chocolatiers look to create a market for Indian-flavoured chocolates
Chordia estimates at least 30 bean-to-bar chocolate makers will hit the scene by 2020.
Valentine's Day is around the corner but the global chocolate supply has been hit by cocoa shortage
This year’s gains for cocoa are a stark reversal from the last two years.
Despite growing demand for chocolate, India imports most of its Cocoa
In India, cocoa is grown primarily as an intercrop in Andhra, Tamil Nadu, Karnataka and Kerala, as the tree requires about 40-50 per cent shade.
Cocoa prices steady amid violence in Ivory Coast
Cocoa prices were stable after Ivory Coast, the world’s biggest producer of the commodity, suffered an attack by al-Qaeda-linked extremists on Sunday.
Commodity nightmare: Cocoa heading for trouble
With demand slowing, the bank is most bearish about prices for the chocolate ingredient this year among the dozen agricultural commodities it tracks.
Cocoa rises on speculation on rebuilding stocks by chocolate makers
In London, cocoa jumped as much as 0.9% to 1,781 pounds ($2,868) a tonne, the highest since September 21, 2011.
Refined sugar falls to 3-month low on speculations of increased supply
Muslim nations usually stock up on sugar before the fasting month of Ramadan. While people fast during daylight hours, sweet treats are common at night.
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