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Reuters reported Wednesday that Ghana, the second-largest cocoa producer, is looking to delay a delivery of up to 350,000 tons of beans to next season, sending prices higher again.
Poor climate and crop diseases in West Africa – home to 70% of global cocoa production – have tightened supply and caused prices to skyrocket. Cocoa futures have more than doubled since ...
Cocoa futures prices have doubled over the past year and hit an all-time high of $5,874 per metric ton on Friday. Bad weather in West Africa is being blamed for damaging crop yields, which is ...
The following is a list of futures contracts on physically traded commodities. ... Cocoa ICE: IEPA: 10 metric tons CC Cocoa (London) ... Adzuki bean: OSE: XOSE: 2400 ...
Cocoa beans, cocoa butter and cocoa powder are traded on futures markets. The London market is based on West African cocoa and New York on cocoa predominantly from Southeast Asia. Cocoa is the world's smallest soft commodity market. The futures price of cocoa butter and cocoa powder is determined by multiplying the bean price by a ratio.
The Refinitiv Equal Weight Commodity Index (formerly known as the Continuous Commodity Index) is a major US barometer of commodity prices. The index comprises 17 commodity futures that are continuously rebalanced: cocoa, coffee, copper, corn, cotton, crude oil, gold, heating oil, live cattle, live hogs, natural gas, orange juice, platinum, silver, soybeans, Sugar No. 11, and wheat.
Cocoa futures hit an all-time high of 5,891.37 last Friday. ... CEO Dirk Van de Put called cocoa prices "an issue," adding that the company is "well covered for the year," but would need to enact ...
Soft commodities, or softs, [1] [2] are commodities such as coffee, cocoa, sugar, corn, wheat, soybean, fruit and livestock. [3] The term generally refers to commodities that are grown, rather than mined; the latter (such as oil, copper and gold) are known as hard commodities. [4] [3] Soft commodities play a major part in the futures market.