Cocoa Traders Say EU Deforestation Law Set to Fail - Bloomberg
WEB1 day ago · September 18, 2024 at 1:34 PM EDT. Save. Major cocoa traders, amid mounting criticism, have asked the European Union to delay a new environmental regulation aimed at tackling deforestation. The ...
Ivory Coast Mulls at Least 23% Cocoa Price Hike for Next Harvest
WEB17 hours ago · The industry regulator Le Conseil Cafe-Cacao is seeking to set a price between 1,850 CFA and 2,000 CFA per kilogram of well-dried cocoa for the main crop starting in October, according to people ...
Cocoa Prices Strengthen as ICE Cocoa Inventories Continue to …
WEB1 day ago · On Monday, cocoa prices rose to a 3-week high on news of lower cocoa production in the Ivory Coast, the world's largest producer. Government data Monday showed that Ivory Coast farmers shipped 1. ...
Cocoa prices are soaring. Candy makers will need to get creative.
WEBJun 16, 2024 · Prices of cocoa have more than tripled over the last year, creating a big headache for candy makers and other food companies that use the ingredient to make chocolate.
Why Cocoa and Chocolate Prices are Rising - The New York Times
WEBMay 10, 2024. A failed crop, followed by a wave of financial speculation, put cocoa prices on a roller coaster this year, rattling an industry reliant on inexpensive crops and labor. This is not...
Huge supply shortages put cocoa market under strain - Financial Times
WEBMay 1, 2024 · The cocoa market is coming under strain as traders grapple with a massive shortage of beans and the soaring cost of securing long-term supply contracts in the market.
Exclusive: African cocoa plants run out of beans as global …
WEBLONDON/ACCRA, March 13 (Reuters) - Major African cocoa plants in Ivory Coast and Ghana have stopped or cut processing because they cannot afford to buy beans, four trading sources said, meaning...
Latest News Archives - International Cocoa Organization
WEBTaking into account available trade data and published grindings data, cocoa demand outstripped global supply. Considering the market balance, a production deficit of 462,000 tonnes is forecast for the 2023/24 season. Total end-of-season stocks are envisaged at 1.324 million tonnes.
Cocoa surpasses $10,000 a tonne as shortages squeeze ‘out of …
WEBMar 26, 2024 · The price of cocoa surged past $10,000 a tonne for the first time on Tuesday, as a dizzying rise in prices caused by poor harvests in Africa accelerates. Cocoa futures traded as high as $10,080...
Cocoa hits record high as global shortage worsens in first quarter
WEBApr 18, 2024 · The price of cocoa hit a record high on Thursday after an industry report said crop failures in west Africa in the first quarter had further exacerbated the global shortage of beans for chocolate.