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cocoa producer

Raw sugar hits three-week high as inflation fears subside

Raw sugar hits three-week high as inflation fears subside

  • May raw sugar rose 1.8% to 15.71 cents per lb
  • May white sugar, which expires on Thursday, rose 1.8% to $432 a tonne.
  • May arabica coffee rose 0.6% to $1.3080 per lb, having hit its highest since mid-March on Tuesday.
Published 14 Apr, 2021 05:01pm
London cocoa hits 5-month low on supply surplus, raw sugar gains
Markets

London cocoa hits 5-month low on supply surplus, raw sugar gains

  • May London cocoa fell 0.5% to 1,590 pounds per tonne at 1305 GMT, having hit its lowest since mid-November at $1,586.
  • Ivory Coast's cocoa grind, a measure of demand, stood at 293,000 tonnes by end March versus 282,000 tonnes last season, data from the exporters' association GEPEX showed.
Published 12 Apr, 2021 06:10pm
More rain needed to strengthen Ivory Coast cocoa mid-crop, say farmers
Markets

More rain needed to strengthen Ivory Coast cocoa mid-crop, say farmers

  • Farmers said more downpours this month would be crucial to avoid a decline in the harvest from July and to improve the quality of the beans, especially since temperatures have been high.
  • "The trees need more rain because it's very hot," said Kouassi Kouame, who farms in the western region of Soubre, at the heart of the cocoa belt.
Published 12 Apr, 2021 06:06pm
London cocoa prices fall as May's discount widens
Markets

London cocoa prices fall as May's discount widens

  • May London cocoa was down by 39 pounds, or 2.4%, to 1,602 pounds a tonne.
  • May raw sugar rose by 0.45 cents, or 3.0%, to 15.63 cents per lb.
  • May arabica coffee rose by 0.3 cents, or 0.2%, to $1.2815 per lb.
Published 09 Apr, 2021 08:58pm
Arabica coffee prices rise with supplies set to tighten
Markets

Arabica coffee prices rise with supplies set to tighten

  • May arabica coffee rose by 1.25 cents, or 1%, to $1.28 per lb.
  • May raw sugar rose by 0.04 cents, or 0.3%, to 15.18 cents per lb.
  • May London cocoa fell by 33 pounds, or 1.95%, to 1,660 pounds a tonne, weighed partly by diminished concerns about short-term tightness in tenderable supplies.
Published 08 Apr, 2021 08:17pm
Raw sugar slumps to three-month low, coffee also down
Markets

Raw sugar slumps to three-month low, coffee also down

  • May raw sugar fell by 0.12 cents, or 0.8%, to 15.07 cents per lb.
  • "The funds, who started the year in a very ebullient mood (on sugar), seem to be throwing in the towel as prices fall through key support levels," analyst Green Pool said in a weekly market update.
Published 29 Mar, 2021 06:46pm
Raw sugar futures rise, coffee also climbs
Markets

Raw sugar futures rise, coffee also climbs

  • May raw sugar rose by 0.08 cents, or 0.5%, to 15.17 cents per lb.
  • May arabica coffee rose by 2.05 cents, or 1.6%, to $1.2865 per lb. The contract dipped to a low of $1.2520 on Thursday, its weakest since Feb. 17.
Published 26 Mar, 2021 05:45pm
Raw sugar edges higher while arabica coffee also gains
Markets

Raw sugar edges higher while arabica coffee also gains

  • May raw sugar rose by 0.02 cents, or 0.1%, to 15.45 cents per lb.
  • May white sugar rose by $4.40, or 1%, to $444.90 a tonne.
  • May arabica coffee rose by 0.15 cents, or 0.1%, to $1.2775 per lb after dipping to a two-week low of $1.2650.
Published 24 Mar, 2021 09:54pm
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
Ivory Coast rains revive hopes for a good cocoa crop
Markets

Ivory Coast rains revive hopes for a good cocoa crop

  • Ivory Coast, the world's top cocoa producer, is in the dry season, when little rain tends to fall from mid-November to March.
  • All the farmers are happy. The ground received a lot of water, which gives us lots of hope for the mid-crop.
Updated 22 Feb, 2021 10:06pm