LONDON COCOA
Sweet Profits, Bitter Reality: Who gains the most from the cocoa price surge?
The cocoa industry is facing significant shifts as cocoa prices soar, driven by poor harvests in West Africa. While prices have surged to record highs, small-scale producers in regulated countries like Ivory Coast and Ghana see limited benefits due to pre-set prices. Meanwhile, less regulated countries like Cameroon and Nigeria gain more from market trends. Major processors struggle with high costs and production slowdowns. Climate change, bean disease, and low farmer incomes exacerbate the situation, leading to child labor and land sales. Despite these challenges, major chocolate companies continue to report significant profits.
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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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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.
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.
The environmental disaster lurking inside your chocolate bar
The African nations, home to most of the world's cocoa, now wants more compensation for their impoverished farmers.
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.
It’s deja vu for cocoa traders as tensions erupt in Ivory Coast
Ivory Coast issued an arrest warrant for opposition presidential candidate.
Miami, Tokyo, Milan: A round- up of world's best cities for the perfect date on Valentine's Day
For a weekend getaway, head to the quaint mountain village of Kusatsu in Gunma.
Chocolate production may be harming environment: Study
Scientists found that the UK chocolate industry produces about 2.1 million tonnes of greenhouse gases in a year. This is equivalent to the annual emissions of the whole population of a city as large as Belfast. It also found that it takes around 1,000 litres of water to produce just one chocolate bar.
Spilling the beans! Chocolatier Arno Backes talks about how he fell in love with cocoa
His love affair with cacao began when he was just 15, as an eager apprentice to a pastry chef. Since then he has won numerous awards.
Coffee falls from peak of two months
Arabica coffee fell from a two-and-a-half month peak while London cocoa firmed, supported by a weak pound.
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.
Cocoa falls on good harvest in West Africa
Cocoa fell in London amid signs of ample supplies as the West African harvest accelerates and demand slows.
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.
Cocoa Drops to 9-month low on Europe concern
Cocoa futures dropped to a nine-month low on mounting concern that a recession is weakening demand in Europe, the world's biggest consumer.
Cocoa prices rise on dry weather
Cocoa demand may exceed production by 50,000 tonne in the 2012-13 season, the International Cocoa Organisation says.
Chocolate rush hits a record as cocoa supplies wane
Prices will rise as much as 8.3 per cent to 1,665 pounds a tonne in the first half of 2013, according to the mean of 17 analyst estimates.
Vietnam coffee harvest to drop 9.4% on dry weather
Coffee production in Vietnam is poised to decline from a record as dry weather cuts yields, bolstering prices.
Commodities head for first annual drop since 2008
Commodities headed for the drop on concern that the European debt crisis & a cooling Chinese economy will sap demand for raw materials.
Cocoa rebounds from longest streak of fall in 50 years
Cocoa fell 19% in New York and 20% in London over the past two months as supplies from West Africa were better than initially estimated.
Coffee, sugar prices to jump 5-fold by 2014
Coffee, sugar and cocoa prices will rise five- to 10-fold by 2014 because of shortages that will mean consumers getting “swamped” by food inflation, according to Superfund Financial.
World 'faces chocolate drought in 2014'
The world is facing a "chocolate drought", according to an expert, whose warning is prompted by fears that the globe's sustainable cocoa supplies could be exhausted by 2014.
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