Cocoa

Re: Cocoa

Postby winston » Wed Jul 05, 2017 6:46 am

Ivory Coast floods threaten the cocoa crop, the main ingredient used in making chocolates

Wet weather has already cut into the last phase of the April-to-September mid-crop, but until this week prospects for the October-to-March main crop were bright


Heavy rains at the weekend in the southwestern San Pedro and Soubre regions, which account for 30 to 40 per cent of national output, soured that outlook as streams overflowed and flowers and pods in early stages of growth were destroyed


Source: SCMP

http://www.scmp.com/news/world/africa/a ... sed-making
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Re: Cocoa

Postby winston » Mon Sep 11, 2017 8:22 am

New generation of chocoholics may turn China into a major chocolate market

The market for chocolate in China is expected to grow in value to 40 billion yuan (US$6.2 billion) by 2020, according to market research firm Ebrun.

The bullish forecast translates into a near doubling of chocolate consumption in the Chinese mainland. Sales of chocolate in the world’s most populous country were valued at about 20 billion yuan in 2015.


On a per-capita basis, Chinese consumption of chocolate is still less than 1 kilogram a year, a mere tenth of the figure in Europe.


Zurich, Switzerland-based Barry Callebaut, the world’s biggest maker of chocolate for commercial customers, is now firmly set on expanding its production in China.


Source: SCMP

http://www.scmp.com/business/companies/ ... ate-market
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Re: Cocoa

Postby winston » Wed Sep 27, 2017 9:13 pm

A Battle to Save the World’s Favorite Treat: Chocolate

By MYLES KARP

Source: NY Times

https://www.nytimes.com/2017/09/25/scie ... olate.html
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Re: Cocoa

Postby behappyalways » Thu Jun 15, 2023 2:40 pm

Global Cocoa Shortage Sends Prices Soaring As "Consumers Should Brace" For 'Chocolateflation'
https://www.zerohedge.com/commodities/g ... ateflation
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Re: Cocoa

Postby behappyalways » Mon Jul 10, 2023 2:37 pm

Cocoa Squeeze Rattles London Market In Biggest Move Since 'Chocfinger'
https://www.zerohedge.com/commodities/c ... chocfinger
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Re: Cocoa

Postby winston » Sun Jul 30, 2023 8:42 am

Chocolate cravings are going to get more expensive to satisfy

By Mumbi Gitau, Ekow Dontoh & Baudelaire Mieu

The cost of wholesale cocoa beans soared to the highest level in more than a decade, and manufacturers are betting prices of the key chocolate ingredient will stay elevated through 2024. That’s mainly because production in West Africa, a region that accounts for two-thirds of the world’s bean harvest, is faltering.

Lindt & Spruengli AG and Hershey Co warn this week that further price hikes can’t be ruled out, even after consumers have already had to swallow higher costs for their products.


Source: Bloomberg

https://theedgemalaysia.com/node/676612
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Commodities - General News 04 (May 18 - Dec 23)

Postby behappyalways » Sun Aug 13, 2023 9:02 pm

"El Nino" cocoa futures hit new highs! Is chocolate going to be more expensive? |Ten different things

聖嬰現象」可可期貨價創新高!巧克力要變貴了? |十點不一樣20230809@tvbsnews02

https://m.youtube.com/watch?v=g20RUnJf6JY
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Re: Cocoa

Postby behappyalways » Sat Sep 16, 2023 2:32 pm

Chocolate lovers aren't going to love this price chart
https://twitter.com/Mayhem4Markets/stat ... 1488456790
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Re: Cocoa

Postby behappyalways » Sat Nov 11, 2023 8:38 pm

'Cocoa Mayhem' Sends Prices To $4,000 Per Ton, Highest Since 1978
https://www.zerohedge.com/commodities/c ... ghest-1978
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Re: Cocoa

Postby behappyalways » Fri Dec 29, 2023 6:04 pm

The Worst 'Candyflation' Is Yet To Come As Cocoa Prices Near Record
https://www.zerohedge.com/commodities/w ... ear-record
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