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Cocoa prices

Ivory Coast sells almost 100,000 tonnes of 2021/2022 cocoa at small discount
Markets

Ivory Coast sells almost 100,000 tonnes of 2021/2022 cocoa at small discount

  • The regulator however maintained a $400/tonne premium known as the living income differential (LID) that was introduced this season to boost farmers' incomes.
  • A bumper crop and weak global demand caused by the pandemic, coupled with the introduction of the LID, left piles of unsold beans in warehouses in Ivory Coast.
Published 02 Mar, 2021 08:41pm
Cocoa gains, with New York hitting two-month high
Markets

Cocoa gains, with New York hitting two-month high

  • May New York cocoa rose 0.9% to $2,577 a tonne.
  • May arabica coffee rose 1.1% at $1.3880 per lb, after peaking at a more than one year high of $1.3960 on Wednesday.
  • May raw sugar was little changed at 18.13 cents per lb, having hit a near four-year peak of 17.52 cents set on Tuesday.
Published 25 Feb, 2021 06:26pm
Ivory Coast seeks to sell 100,000 tonnes of cocoa as buyers haggle
Markets

Ivory Coast seeks to sell 100,000 tonnes of cocoa as buyers haggle

  • There are around 100,000 tonnes of cocoa held by small Ivorian exporters that the CCC is trying to sell, but the problem is that no-one is interested if the differential is not interesting.
  • Two CCC sources, asking not to be named, confirmed the volumes and the discounts requested by exporters.
Updated 22 Feb, 2021 10:05pm
White sugar edges higher, London cocoa also up
Markets

White sugar edges higher, London cocoa also up

  • May white sugar rose by $2.20, or 0.5%, to $454.80 a tonne.
  • May London cocoa rose by 16 pounds, or 1.0%, to 1,665 pounds a tonne.
  • May robusta coffee was down $3, or 0.2%, at $1,364 a tonne.
Published 15 Feb, 2021 07:03pm
White sugar futures ease, cocoa also weakens
Markets

White sugar futures ease, cocoa also weakens

  • March white sugar ??fell $1.60, or 0.35%, to $462 a tonne.
  • March arabica coffee rose 0.2 cents, or 0.2%, to $1.2360 per lb.
  • March New York cocoa was down $62, or 2.4%, at $2,537 a tonne.
Updated 03 Feb, 2021 06:25pm
Ivory Coast cocoa exporters curb exposure and inventories amid glut
Markets

Ivory Coast cocoa exporters curb exposure and inventories amid glut

  • "You have to adapt or lose a lot of money on LID," a director of an Abidjan-based international cocoa company said, requesting to remain anonymous because of the sensitivity of the issue.
  • Exporters said most of the cocoa purchased between October and December will now be used to honour around 80% of the January-March contracts.
Published 22 Jan, 2021 07:19pm
London cocoa prices fall
Markets

London cocoa prices fall

LONDON: London cocoa futures were lower on Thursday, weakened by concerns over a backlog of unsold supplies in top...
Published 22 Jan, 2021 04:47am