Cocoa Futures Surge to New Record on Renewed Supply Concerns
Cocoa futures reached a new record high as the agricultural commodity’s volatility was restarted on Tuesday. The price of chocolate’s main ingredient has rallied this…
Posts Tagged: West Africa
Cocoa Tops $8,500 on EU Deforestation Rules, Shrinking Global Supplies
Cocoa futures stayed above $8,500 per metric ton to finish the trading week as further supply concerns supported the agricultural commodity’s spike. Despite cocoa stalling…
Cocoa Futures Pick Up Gains on Weaker US Dollar, Disease
Cocoa futures are looking to shrug off the 11% decline in the last month and stay firmly above $70 heading into September. The agricultural commodity…
Cocoa Rallies 11% on Disappointing Shipments, Crop Disease Concerns
Cocoa futures rallied as much as 11% to finish the trading week amid supply chain challenges. The agricultural commodity has been sliding this summer, tumbling…
Cocoa Futures Hover at Four-Month Low on Improving Growing Outlook, Weaker Demand
Cocoa futures traded at their lowest levels in more than four months before erasing their losses to kick off the trading week. Cocoa prices had…
Cocoa Surges Above $8,000 on New Crop Health Fears, Limited Sales
Cocoa futures returned above $8,000 on Monday as traders turned bullish on news that one of the largest West African markets is limiting sales of…
Cocoa Little Changed As Traders Monitor Beneficial Growing Conditions in West Africa
Cocoa futures struggled to break $8,000 in the middle of the trading week as good weather conditions in West Africa weighed on prices. The agricultural…
Cocoa Extends Losses on Improve Growing Conditions in West Africa
Cocoa prices settled down on Tuesday after a sharp selloff to kick off the trading week. The agricultural commodity has come under pressure on reports…